ECI

U.S. weekly jobless claims drop to nine-month low; productiveness features velocity

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Weekly jobless claims drop 3,000 to 183,000 Persevering with claims lower 11,000 to 1.655 million Productiveness accelerates at 3.0% price in fourth quarter Unit labor prices develop at 1.1% tempo WASHINGTON, Feb 2 (Reuters) – The variety of People submitting new claims for unemployment advantages dropped to a nine-month low final week because the labor … Read more

Robust U.S. financial development anticipated in fourth quarter, outlook darkening

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Fourth-quarter GDP forecast to extend at a 2.6% price Robust shopper spending seen; different sectors to contribute Weekly jobless claims anticipated to rise reasonably WASHINGTON, Jan 26 (Reuters) – The U.S. economic system seemingly maintained a powerful tempo of development within the fourth quarter as customers boosted spending on items, however momentum seems to have … Read more

Factbox: Why have been tens of millions of Pakistanis with out electrical energy?

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SINGAPORE, Jan 23 (Reuters) – Tens of millions of Pakistanis have been left with out electrical energy for the second time in three months after a grid failure on Monday, affecting almost all components of the nation – from the capital Islamabad within the north to Karachi within the south. This is a have a … Read more

U.S. dwelling gross sales droop to 12-year low; glimmers of hope rising

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Current dwelling gross sales drop 1.5% in December Gross sales fall 17.8% in 2022, sharpest annual decline since 2008 Median home worth rises 2.3% from 12 months in the past WASHINGTON, Jan 20 (Reuters) – U.S. present dwelling gross sales plunged to a 12-year low in December, however declining mortgage charges raised cautious optimism that … Read more

Fed to ship two 25-basis-point hikes in Q1, adopted by lengthy pause

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BENGALURU, Jan 20 (Reuters) – The U.S. Federal Reserve will finish its tightening cycle after a 25-basis-point hike at every of its subsequent two coverage conferences after which possible maintain rates of interest regular for a minimum of the remainder of the 12 months, based on most economists in a Reuters ballot. Fed officers broadly … Read more

China’s inhabitants drops for first time since 1961, highlights demographic disaster

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BEIJING/HONG KONG, Jan 17 (Reuters) – China’s inhabitants fell final yr for the primary time in six a long time, a historic flip that’s anticipated to mark the beginning of a protracted interval of decline in its citizen numbers with profound implications for its financial system and the world. The drop, the worst since 1961, … Read more

Taiwan to provide money payouts to residents in ‘New 12 months blessing’

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TAIPEI, Jan 4 (Reuters) – Taiwan plans to provide money payouts of almost $200 to each citizen this 12 months, Premier Su Tseng-chang introduced on Wednesday, saying the island’s financial progress can be shared by everybody. The export-reliant economic system, a world tech powerhouse for merchandise together with semiconductor chips, grew 6.45% in 2021, the … Read more

GM reclaims U.S. auto gross sales crown from Toyota

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Jan 4 (Reuters) – Basic Motors Co (GM.N) reclaimed the highest spot in U.S. auto gross sales from rival Toyota Motor Corp (7203.T) in 2022 because it was capable of higher meet sturdy demand for vehicles and vehicles regardless of industry-wide provide disruptions. Shares of GM rose 2.7% in afternoon commerce on Wednesday to $34.75, … Read more

Fed minutes might level to rate-hike endgame, new debate part

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WASHINGTON, Jan 4 (Reuters) – The Federal Reserve ended 2022 with a agency promise at its December coverage assembly that rates of interest would proceed rising this 12 months, however at a slower tempo and maybe solely by one other three-quarters of a proportion level. That session’s readout, attributable to be launched at 2 p.m. … Read more

Chinese language manufacturing contracts sharply as COVID infections soar

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BEIJING, Dec 31 (Reuters) – China’s manufacturing unit exercise shrank on the sharpest tempo because the pandemic first emerged almost three years in the past, after Beijing’s abrupt reversal of counter-epidemic measures this month set off a wave of COVID infections throughout the nation. The official buying managers’ index (PMI) fell to 47.0 in December … Read more