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China car sales up 34% on April but still weaker than last year – industry

SHANGHAI (Reuters) -Chinese retail car sales data for May has added to a picture of a grinding economic recovery from severe anti-pandemic measures, with manufacturers selling more vehicles than last.

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Business Economy News

Nvidia says video gaming market slowing; shares drop 7%

By Chavi Mehta and Jane Lanhee Lee (Reuters) -Chip designer Nvidia (NASDAQ:NVDA) Corp forecast its sales of video game chips would decline in the current quarter, and startled some analysts.

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Economy News

Gold dips on rising yields after Fed minutes signal patience

By Bharat Gautam (Reuters) -Gold prices edged lower on Thursday as Treasury yields gained, after the appeal of bullion was somewhat restored by minutes of a U.S. Federal Reserve policy.

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Sony to ramp up PS5 production and broaden games portfolio

By Sam Nussey TOKYO (Reuters) -Sony Group Corp said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease and signalled a radical broadening.

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Economy News

Gold slips off 2-week peak as dollar edges higher

By Bharat Gautam (Reuters) – Gold prices dipped slightly on Wednesday, receding from a two-week high hit in the previous session, as the dollar reclaimed some ground but uncertainty over.

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Economy News

Japan to ensure swift recovery from pandemic with relief steps -finance minister

TOKYO (Reuters) – Japan’s government will urgently and flexibly take steps to ease the pain of the surging cost of living to ensure the economy’s recovery from COVID-induced doldrums, Finance.

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Economy News

New Zealand raises interest rates 50 bps, signals more aggressive hikes

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank raised interest rates by 50 basis points to 2.0% on Wednesday, its fifth rate hike in a row as it.

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European shares seen holding near current levels through 2022 – Reuters poll

By Samuel Indyk LONDON (Reuters) – Central bank policy tightening, fears of a recession and the economic impact of the war in Ukraine are all expected to keep a lid.

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Economy News

India’s retirees tap savings, eat less as living costs soar

By Manoj Kumar NEW DELHI (Reuters) – T.L. Wali, a 66-year-old lawyer in Delhi’s high court, had been looking forward to retirement. But with India’s living costs soaring, he is.

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Economy News

World economy has ‘buffer’ against recession says IMF’s Gopinath

By Alessandra Galloni DAVOS, Switzerland (Reuters) – While the world economy faces headwinds, current growth forecasts offer a buffer against a potential global recession, the International Monetary Fund’s No. 2.

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