TOKYO (REUTERS) – Japan’s factory output rose for a second straight month in July, signaling a gradual recovery from the blow delivered by the coronavirus pandemic. But retail sales fell for a fifth straight month and at a somewhat faster pace, a worrying sign for private consumption, which accounts for more than half of the world’s third-largest economy. The data […]
Read more* Canadian dollar at 1.3094 to the greenback * Bond prices higher across the maturity curve (Adds analyst’s comment, updates prices) By Saqib Iqbal Ahmed Aug 28 (Reuters) – The Canadian dollar climbed to a fresh seven-month high against its U.S. counterpart on Friday, on pace for a fourth straight day of gains as the U.S. dollar remained broadly weak […]
Read moreSINGAPORE – The coronavirus outbreak has triggered worldwide stockpiling of certain medicines and drug ingredients, boosting demand for exports from an increasingly important component of Singapore’s manufacturing sector, according to a Fitch Solutions report. The report quoted Mr How Ti Hwei, president of the Singapore Association of Pharmaceutical Industries, as saying; “Companies and governments around the world are building large […]
Read moreLONDON (REUTERS) – British retail sales surged past their pre-coronavirus level in July, the first full month that shops selling non-essential goods were open since the country went into lockdown in March. Separate government borrowing data showed public debt rose above £2 trillion (S$3.62 trillion) in July for the first time and reached 100.5 per cent of gross domestic product […]
Read moreTOKYO, Aug 20 (Reuters) – Yields on Japanese government bonds (JGBs) gained on Thursday, in line with U.S. Treasuries which rose after minutes of July’s Federal Reserve meeting showed that yield caps or targets were not on the horizon. Benchmark 10-year JGB futures fell 0.04 point to 151.91, with a trading volume of 13,250 lots, while the 10-year JGB yield […]
Read moreWASHINGTON (AFP) – Federal Reserve bankers feared the US economy would need more aid to weather the coronavirus downturn as previsions of a key spending measure expired, according to meeting minutes released on Wednesday (Aug 19). The rate-setting Federal Open Market Committee (FOMC) held a regularly scheduled meeting in July as the coronavirus pandemic caused one of the sharpest economic […]
Read moreTOKYO (REUTERS) – Japan’s exports fell 19.2 per cent in July from a year earlier, posting a fifth straight month of double-digit declines, Ministry of Finance data showed on Wednesday (Aug 19), highlighting the pain the coronavirus pandemic has inflicted on global demand. The fall compared with economists’ median forecast for a 21.0 per cent decrease in a Reuters poll. […]
Read more* Brazil’s real recovers from 12-week low * Stimulus hopes bring cheer to Mexican peso * U.S., Colombia to bring $5 bln in investment to rural areas * Chile’s Q2 GDP plunges, but mining industry grows; peso up * Brazilian retailer Magazine Luiza jumps after results By Susan Mathew Aug 18 (Reuters) – Brazil’s real rallied on Tuesday after Economy […]
Read moreSYDNEY, Aug 18 (Reuters) – Australia’s central bank does not see a need to further ease policy for now as its package of measures were working “broadly as expected” with an economic recovery underway in most of the country, minutes of its August policy meeting showed on Tuesday. At its Aug. 4 policy meeting, the Reserve Bank of Australia (RBA) […]
Read more(Adds detail on revenue, ongoing projects) ABUJA, Aug 17 (Reuters) – Nigeria expects to spend a record 12.65 trillion naira ($33.20 billion) in 2021 despite severe revenue constraints, according to an outlook released by the Finance Ministry on Monday. The spending by Africa’s largest economy, still reeling from low oil prices and the new coronavirus pandemic, is a 17.2% jump […]
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