Singapore's economy expanded less than initially estimated in the second quarter and the government revised its growth projections for 2022 lower, flagging risks to the global outlook from the Ukraine war and cost pressures.
Costa Rica formalized its request to join a trade partnership of 11 countries across Asia, Australia and the Americas, President Rodrigo Chaves announced on Wednesday, in a step toward strengthening trade ties with Asian economies.
Mexico's government on Wednesday said it had issued so-called "emergency directives" for the transportation via train of products in a staple basket of goods with the aim of mitigating high cargo costs as inflation is over a 20-year high.
Singapore's economy expanded less than initially estimated in the second quarter, official data showed on Thursday. Gross domestic product grew 4.4% year-on-year in the second quarter, the Ministry of Trade and Industry said, lower than the 4.8% growth seen in the government's advance estimate.
New Zealand house prices fell in July with the median price recording its first annual fall since 2011, the Real Estate Institute of New Zealand said on Thursday. The seasonally adjusted median nationwide house value in July fell 2.8% compared with the previous month and was down 1.6% year-on-year, according to REINZ.
* Fed now seen delivering 50 bps hike in September. * U.S. consumer price growth slows in July. * Musk sells Tesla shares worth $6.9 bln. * Volatility index closes at four-month low. By Herbert Lash and Bansari Mayur Kamdar.
* Wall Street rallies with Nasdaq leading gains. * CPI was flat in July after rising 1.3% in June. * In 12 months through July, CPI rose 8.5% vs 9.1% in June. By Sinéad Carew. Wall Street equities rallied and the dollar tumbled after signs of sharply decelerating U.S. inflation prompted bets that the Federal Reserve would raise interest rates at a slower pace than previously expected.
China's war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially impose others on Beijing, setting those options aside for now, according to sources familiar with the deliberations. President Joe Biden has not made a decision on the issue, officials said.
China's war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially impose others on Beijing, setting those options aside for now, according to sources familiar with the deliberations.
* Kashkari sticks to his view of 3.9% fed funds rate at end-2022. * Evans sees 3.4% policy rate this year. * Both push back on market expectation for rate cuts next year. * Inflation, employment data to determine size of Sept rate hike. By Ann Saphir and Howard Schneider.
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