Economy

Economy News

Mexican manufacturing tumbles as price hikes bite

MEXICO CITY (Reuters) – Mexico’s manufacturing sector declined in July, with demand for the country’s goods hit by inflation after a long pandemic-driven downturn, a survey showed on Friday, despite.

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New Zealand consumers, businesses gloomy, economic risks grow

By Lucy Craymer WELLINGTON (Reuters) – New Zealand is at growing risk of sliding into a recession in the second half of 2022, some economists said on Friday, as consumers.

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Economy News

Turkey to forge on with selective loan policy despite backlash -sources

By Nevzat Devranoglu and Orhan Coskun ANKARA (Reuters) – Turkey will stick to policies that allow only net exporters to access cheap lira loans and may toughen rules further despite.

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Japan’s inflation not mainly caused by weak yen, ADB’s Asakawa says

TOKYO (Reuters) – It goes a step too far to say a weak yen is the main reason for explaining why prices in Japan are rising, Asian Development Bank (ADB).

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Swiss National Bank posts record H1 loss, says no policy impact

By John Revill ZURICH (Reuters) -The Swiss National Bank reported a first-half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six-month loss since the central bank.

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Marketmind: The consumer’s deep pockets and short arms

A look at the day ahead in markets from Anshuman Daga. If markets were looking for more news to support the recent Fed-induced optimism, then earnings scorecards from Apple (NASDAQ:AAPL).

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Economy News

New Zealand consumers, businesses gloomy, economic risks grow

By Lucy Craymer WELLINGTON (Reuters) – New Zealand is at growing risk of sliding into a recession in the second half of 2022, some economists said on Friday, as consumers.

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Economy News

Ackman says rates should be ‘materially higher’ to kill inflation

(Reuters) – Billionaire investor Bill Ackman on Thursday said he expected inflation to come down soon, but not to the level of 2% unless the U.S. Federal Reserve maintained “materially.

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Philippine central bank chief sees 2023 inflation back within target band

MANILA (Reuters) – The Philippine central bank expects inflation to ease back to within its 2%-4% target band next year, from a projected average of 5% this year, its governor.

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Analysis: South Korea’s sudden property slump tests world’s most indebted consumers

By Cynthia Kim SEOUL (Reuters) – South Korea’s property market has abruptly gone from sizzling hot to floundering, piling pressure on some of the world’s most debt-saddled consumers as the.

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