TOKYO (Reuters) – Japan’s business-to-business service inflation hit an eight-year high in the fiscal year that ended March, data showed on Tuesday, a sign inflationary pressure was broadening beyond goods reflecting a tight job market and solid domestic demand. The data may keep alive market expectations that new Bank of Japan (BOJ) Governor Kazuo Ueda…
WASHINGTON (Reuters) -The executive board of the International Monetary Fund on Monday approved the first review of Tanzania’s three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement. The IMF said Tanzania’s economic reform program is progressing well in a challenging global economic environment, but…
By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will almost certainly add 25 basis points to its deposit rate on May 4 and then take it to 3.50% or higher in June as core inflation remains persistently high, according to economists polled by Reuters. Euro zone headline inflation moderated further last month but…
TOKYO (Reuters) – Japan raised its official assessment of imports for first time in nine months, the government’s monthly economic report showed on Tuesday, as the yen’s double-digit depreciation from a year earlier puffed up the value of imported goods. While the report maintained the overview of the economy that it was on a moderate…
By Choonsik Yoo and Jihoon Lee SEOUL (Reuters) -South Korea’s heavily trade-reliant economy barely averted a recession posting slim growth in the first quarter, but the outlook remained clouded by weak exports due to a cooling global economy, even with China’s reopening. South Korea’s gross domestic product (GDP) in the first quarter expanded by 0.3%…
By Tom Polansek and Leah Douglas CHICAGO (Reuters) -JBS USA is ending contracts with a U.S. company fined for hiring kids to clean meat plants, the unit of Brazilian meatpacker JBS SA said on Monday, adding it is bringing the work in-house at some facilities. The changes show how a U.S. government investigation into food-safety…
By Hannah Lang (Reuters) – Coinbase Global Inc filed a petition on Monday in an effort to compel the U.S. Securities and Exchange Commission to create new rules for digital assets, the company said in a blog post, in the latest escalation of the cryptocurrency exchange’s tensions with the securities regulator. Coinbase filed a petition…
By Elizabeth Howcroft LONDON (Reuters) -Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called “crypto winter” is over. Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its interest rate-hiking…
(This April 19 story has been corrected to fix the name of Banxa U.S. CEO to Richard Mico, not Ricardo Mico, in paragraph 24) By Elizabeth Howcroft and Hannah Lang LONDON (Reuters) – Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month,…
ROME (Reuters) – Italy’s Treasury and Germany’s Lufthansa have agreed to extend exclusive talks over the sale of ITA Airways until May 12 from the previous deadline of April 24, a source close to the matter told Reuters on Monday. State-controlled ITA officially replaced the money-losing Alitalia airline in 2021. The source, speaking on condition…
