Malaysia’s economy jumps in Q2 but slower growth is expected

A view of a building site beneath the Petronas Towers in Kuala Lumpur, Malaysia, February 18, 2016. REUTERS/Olivia Harris Register now for FREE unlimited access to Register KUALA LUMPUR, Aug 12 (Reuters) – Malaysia’s economy grew at its fastest annual pace in a year in the second quarter, boosted by expansion in domestic demand … Read more

Wait and see: US companies curb investment as they await Fed moves

Aug 8 (Reuters) – Business investment appears to be an early victim of red-hot US inflation and rising interest rates. Nonresidential fixed investment, which is how the Commerce Department lumps together things like spending by businesses on new buildings and renovations of existing ones, slipped 0.1% on an annualized basis in the second quarter. This … Read more

S. African rand slips after dollar jumps on strong US jobs report

A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016. REUTERS/Philimon Bulawayo Register now for FREE unlimited access to Register JOHANNESBURG, Aug 5 (Reuters) – The South African rand slumped on Friday against a buoyed dollar after the US July employment report came in better than expected, raising the prospect … Read more

TSX index slips after US, Canada jobs data

A Toronto Stock Exchange sign adorns a doorway at the Exchange Tower building in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren Register now for FREE unlimited access to Register TSX off 0.1% Canada sheds jobs for the second month in a row Pot producer Canopy Growth slides on another quarterly loss Aug 5 … Read more

TSX gains as US economic data bolsters tech shares

A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch/File Photo Register now for FREE unlimited access to Register TSX ends up 40.61 points, or 0.2%, at 19,545.94 Tech rallies 4.6 with Shopify up 10.8% Financials end 1.2% higher Energy falls 4.2% as oil prices … Read more

Mexican economy grows for third quarter in a row, beats forecast

A vendor chats with a customer at a stall in an outdoor market in Mexico City, Mexico January 23, 2022. REUTERS/Luis Cortes/File Photo Register now for FREE unlimited access to Register MEXICO CITY, July 29 (Reuters) – Mexico’s economy expanded 1% between April and June from the previous three-month period, beating forecasts and marking … Read more

US economy contracts in Q1; outlook murky as unsold goods accumulate

First-quarter GDP declines at 1.6% rate Consumer spending growth decreased; inventories raised Business spending on equipment revised higher WASHINGTON, June 29 (Reuters) – The US economy contracted slightly more than previously estimated in the first quarter as the trade deficit widened to a record high and a resurgence in COVID-19 infections curbed spending on services … Read more

US goods trade deficit, business spending data may salvage second-quarter GDP

Goods trade deficit drops 5.6% to $98.2 billion in June Wholesale inventories increased 1.9%; retail stocks up 2.0% Core capital goods orders rise 0.5%; shipments gain 0.7% WASHINGTON, July 27 (Reuters) – The US trade deficit in goods narrowed sharply in June as exports surged, while business spending on equipment remained strong, reducing the risk … Read more

South Korea’s economy likely lost some steam in Q2

BENGALURU, July 22 (Reuters) – South Korea’s economic growth probably slowed a bit in the second quarter as falling exports and soaring import costs hurt private consumption that makes up about half of the economy, a Reuters poll found. Exports in Asia’s fourth-largest economy grew at their slowest pace in over 1-1/2 years in June … Read more

US retail sales beat expectations; manufacturing production slumps

Retail sales increase 1.0% in June; May data revised up Core retail sales rise 0.8%; May data revised down Manufacturing production falls 0.5% in June Import prices gain 0.2%; core import prices fall 0.5% WASHINGTON, July 15 (Reuters) – US retail sales rebounded strongly in June as Americans spent more on gasoline and other goods … Read more