Singapore Nov core inflation at 1.9% y/y, lowest in almost 3 years
By Bing Hong Lok SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 1.9% in November on a yearly basis, lower than economists’ forecasts and the smallest rise in nearly three years, official data showed on Monday. The core inflation…
Markets in 2024: Wall Street’s high-octane rally keeps investors captive to the US
By Naomi Rovnick, Dhara Ranasinghe and Rodrigo Campos LONDON (Reuters) – Markets that began the year with investors expecting a global stock rally to fizzle, swift U.S. interest rate cuts to boost Treasuries and soften the dollar and emerging market…
Taiwan warns defence could suffer under opposition’s funding laws
TAIPEI (Reuters) – Taiwan’s cabinet warned on Monday the island’s security might be at risk after opposition parties passed laws that will require cuts in government spending, including defence, at a time when China has ramped up military activity nearby….
Lagarde says ECB very close to reaching its inflation goal, FT reports
(Reuters) -European Central Bank (ECB) President Christine Lagarde said the euro zone was getting “very close” to reaching the central bank’s medium-term inflation goal, according to an interview published by the Financial Times on Monday. Earlier in December, Lagarde had…
Inflation, elections and war dominated 2024
By Simon Robinson (Reuters) – Inflation dropped in most economies around the world in 2024, but voters didn’t care. Angered by the hefty ramp-up in prices for everything from eggs to energy over the past few years, they punished incumbent…
Shrinking US bar tabs signal little festive cheer for liquor makers
By Emma Rumney and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Meaghan Dorman’s five New York bars look just as full as they always do in December – packed with couples on dates, holiday get-togethers and business meet ups. But when…