Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Oil falls on demand worries over Shanghai’s new partial lockdowns
By Yuka Obayashi TOKYO (Reuters) - Oil prices fell on Friday but still hovered near three-month highs, with fears over new COVID-19 lockdown measures in Shanghai outweighing solid demand for fuels in ...
Jun 09, 2022
China’s May PPI +6.4% y/y, CPI +2.1% y/y
BEIJING (Reuters) - China's factory-gate inflation cooled in May, official data showed on Friday, depressed by weak demand for steel, aluminium and other key industrial commodities due to tight COVID-...
Jun 09, 2022
Dollar on front foot as traders await U.S. inflation data for Fed cues
By Alun John HONG KONG (Reuters) - The dollar was at a two-week high on the euro on Friday, ahead of inflation data that should guide the Federal Reserve's policy tightening path, and after the Europe...
Jun 09, 2022
Hyundai Motor Ulsan plants’ output hit due to truckers’ strike – company union
SEOUL/ULSAN (Reuters) -Production at Hyundai Motor Co's biggest factory in South Korea halved on Thursday due to component shortages triggered by a truckers' strike, a union official at the automaker ...
Jun 09, 2022
Japan’s May wholesale price rise slows as fuel spike moderates
By Leika Kihara TOKYO (Reuters) -Japan's wholesale prices rose 9.1% in May from a year earlier, slowing from the previous month's increase as the recent spike in fuel costs moderated, data showed on F...
Jun 09, 2022
UK jobs market lost a bit more momentum in May, REC says
LONDON (Reuters) - British employers added staff in May at the slowest pace since early 2021, according to a survey that adds to signs that the labour market is losing some of its heat. A measure of p...
Jun 09, 2022
No respite from Fed rate hikes this year, chances rising of four 50 bps in a row – Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) - The U.S. Federal Reserve will hike its key interest rate by 50 basis points in June and July, with rising chances of a similar move in Septembe...
Jun 09, 2022
Peru’s central bank raises benchmark interest rate to 5.5%
LIMA (Reuters) - Peru's central bank raised the country's benchmark interest rate by 50 basis points to 5.5% on Thursday, the eleventh consecutive hike, as authorities in the copper-producing Andean n...
Jun 09, 2022
U.S. official sees moderation in goods and services inflation in months ahead
WASHINGTON (Reuters) - Friday's consumer price data is likely to reflect the continued impact that Russia's invasion of Ukraine is having on food and energy prices, but U.S. goods and services inflati...
Jun 09, 2022
U.S. stock market has not priced in economic slowdown yet – Bridgewater co-CIO
By Carolina Mandl NEW YORK (Reuters) - Bridgewater's Karen Karniol-Tambour, co-chief investment officer for sustainability, said on Thursday that the U.S. stock market has not yet priced in an economi...
Jun 09, 2022
