Swiss gold exports to the United States rocketed in March

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich, Switzerland, November 20, 2014. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, April 26 (Reuters) – Swiss shipments of gold to the United States surged in March to their highest since May 2020, … Read more

EXCLUSIVE Germany to hike 2022 inflation forecast to 6.1% – document

The skyline is pictured at the end of the first day under a partial lock down of the city by authorities due to the spread of the coronavirus disease (COVID-19) in Frankfurt, Germany, March 18, 2020. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register BERLIN, April 25 (Reuters) – The German government … Read more

Britain to cut Ukraine tariffs to zero to help its economy

LONDON, April 25 (Reuters) – All tariffs on goods coming to Britain from Ukraine under an existing free trade deal will be axed to help the Ukrainian economy, the British government announced on Monday. London said tariffs would be reduced to zero and all quotas removed following a direct request from Ukraine’s President Volodymyr Zelenskiy, … Read more

Shanghai’s economy slows as COVID deals blow to industry, retail

BEIJING, April 23 (Reuters) – The economy of Shanghai, China’s most populous city, slowed in the first quarter from the end of 2021, hurt by rare declines in industrial output and retail sales that were hammered by the country’s most serious COVID outbreak. Shanghai’s gross domestic product (GDP) grew 3.1% in the first quarter from … Read more

Slowdown warnings flash for UK economy as inflation surges

LONDON, April 22 (Reuters) – Britain’s economy is heading for a slowdown, or possibly even a recession, as consumers and businesses are hit by the leap in inflation, higher taxes, rising interest rates and uncertainty caused by the war in Ukraine. Bank of England Governor Andrew Bailey said on Thursday the BoE was walking a … Read more

UK economy stumbles as consumers, firms brace for downturn

UK retail sales fall 1.4% in March, far more than expected Consumer confidence approaches record low levels S&P Global business survey shows growth slowing, gloomy outlook Bailey says BoE walks tightrope between inflation and recession LONDON, April 22 (Reuters) – Britain’s economy is losing steam as households in the face of a tightening cost-of-living squeeze, … Read more

One dead after police fire on protesters in Sri Lanka amid bailout talks with IMF

A dozen protesters injured in clashes with police Sri Lanka hit by unrest over worsening economic crisis IMF and Sri Lanka officials start talks in Washington IMF agrees to consider request after Indian intervention COLOMBO, April 19 (Reuters) – Sri Lankan police fired live ammunition to scatter protesters on Tuesday, killing one person and injuring … Read more

Home prices seen rising, renters see purchase prospects fade: NY Fed survey

Newly constructed single family homes are shown for sale in Encinitas, California, US, July 31, 2019. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register April 18 (Reuters) – US households expect home prices and rents to rise sharply this year, and while growth in both are then seen slowing, renters see … Read more

China Q1 GDP tops forecast, but March weakness sharply raises outlook risks

China Q1 GDP +4.8% y/y, risks to outlook rise sharply March activity indicators already show growing stress Retail sales contract 3.5% in March, vs -1.6% in poll March nationwide jobless rate highest since May 2020 Industrial output, investment beat forecasts BEIJING, April 18 (Reuters) – China’s economy slowed in March as consumption, real estate and … Read more

China data to show sharp March deterioration as COVID bites, but solid Q1 growth

Workers watch as a crane lifts a structure at a construction site in Shanghai, China January 14, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register China Q1 GDP growth seen at 4.4%, vs Q4’s 4.0% March data likely deteriorated sharply on COVID lockdowns, April expected to be worse Q1 GDP, March … Read more