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Australia’s ANZ sees bigger margins on rising rates, cash profit grows

By Byron Kaye and Sameer Manekar (Reuters) -Australia and New Zealand Banking Group, the country’s No. 4 lender, beat estimates for first-half profit as it set aside less money for.

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Economy News

Record high U.S. job openings, resignations likely to fuel wage inflation

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help.

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Business Economy News

Higher rates needed to slow housing market demand -Bank of Canada

By Julie Gordon and David Ljunggren OTTAWA (Reuters) -Home price growth in Canada is “unsustainably strong” and higher interest rates are needed to moderate demand, a senior Bank of Canada.

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Global problems may exacerbate shortages in N.Korea’s isolated economy

By Josh Smith SEOUL (Reuters) -North Korea’s isolated economy will not be insulated from global economic headwinds caused by the Ukraine war and the COVID-19 lockdowns in China, analysts said,.

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S.Korea inflation hits 13-yr high, fans rate hike expectations

By Jihoon Lee and Choonsik Yoo SEOUL (Reuters) -South Korea’s consumer inflation quickened far more than forecast and hit a more than 13-year high in April, boosting expectations in the.

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Economy News

Japan’s low-cost soul food noodles may become casualty of Ukraine war

By Elaine Lies and Akiko Okamoto TOKYO (Reuters) – Ryu Ishihara will soon be raising prices on his inexpensive bowls of soba noodles for the first time in nearly a.

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Economy News

Australian consumers spooked by rate risk, inflation -survey

SYDNEY (Reuters) – Australian consumer sentiment took a nose dive last week as a shockingly high reading in inflation fuelled concerns about the cost of living and possible rise in.

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Business Economy News

Citigroup acknowledges trader error in sudden fall of European shares

NEW YORK (Reuters) – Citigroup Inc (NYSE:C) acknowledged late on Monday that one of its traders made an error in the sudden fall of European shares early in the day. “This morning.

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Economy News

U.S. trade chief Tai says all tools on table to beat inflation, tariffs not top of list

By Andrea Shalal WASHINGTON (Reuters) – All tools are on the table to address rising inflation, including reductions of tariffs on Chinese imports, U.S. Trade Representative Katherine Tai said on.

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Economy News

Odds shift for global banks’ Asia wealth bets in China’s slower-growth reality

By Selena Li and Anshuman Daga HONG KONG/SINGAPORE (Reuters) -Wealth managers at the big global banks are tempering their expectations for Asia, their fastest growing market, after China’s regulatory crackdown.

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