Economics News Results

  • China's home price boom spreads to more cities as investors defy curbs

    * March new home prices up 0.5% m/m vs 0.4% in February. * 62 out of 70 cities reported higher prices, vs 56 in February.

  • China's new home prices quicken in March

    New home prices in China rose at a faster pace in March, data showed on Friday, even as authorities have taken measures to further clamp down on property speculation. Average new home prices in 70 major cities grew 0.5% in March from a month earlier, quickening from a 0.4% gain in February, according to Reuters calculations based on data released by the National Bureau of Statistics.

  • Singapore's Non-Oil Domestic Exports Rose 12.1% in March

    SINGAPORE--Singapore's non-oil domestic exports rose 12.1% in March from a year earlier, mainly due to shipments of non-electronics such as petrochemicals, specialized machinery and pharmaceuticals. The result beat the median estimate for a 0.7% decline in a survey of 11 economists by The Wall Street Journal. Non- oil domestic exports rose 4.2% on year in February.

  • Japan manufacturers' mood hits 2-year high on chip demand - Reuters Tankan

    * April manufacturers' sentiment index +13 vs March +6. * Service sector index -3 in April vs -5 in March. * Manufacturers' mood seen steady ahead. By Daniel Leussink. Confidence among Japanese manufacturers rose to a more than two-year high in April, as strong demand in the electronics market and favourable exchange rate conditions boosted prospects for exporters, a Reuters poll showed on Friday.

  • China's Q1 GDP to hit record growth as recovery speeds up

    * China GDP seen growing at record 19% pace in Q1, vs Q4's 6.5% * Q1 GDP, March activity data due Friday at 0200 GMT. China's economic rebound likely quickened sharply in the first quarter from a coronavirus-induced slump earlier last year, propelled by stronger demand at home and abroad and continued government support for smaller firms.

  • Foreign selling in Treasuries in February hits highest since December 2018 -data

    Foreign outflows in Treasuries hit their highest in more than two years in February, according to data from the U.S. Treasury released on Thursday, as investors sold government debt on expectations that yields would go higher as the economy emerged from the pandemic.

  • Argentina inflation spikes to 18-month high with meat prices in focus

    Argentina consumer prices rose 4.8% in March, the fastest pace since late 2019, heaping pressure on the government as it looks to rein in stubbornly high inflation that is sapping growth and consumer spending power.

  • Fed's Mester says economic outlook is brightening

    The U.S. economy still has a long way to go to fully recover from the crisis caused by the coronavirus pandemic, which fell hardest on minorities and people with lower levels of education, but the outlook is improving, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.

  • Jobs Creep Back in the New York Region as Covid-19 Restrictions Ease

    New York, New Jersey and Connecticut are slowly recovering jobs lost due to the Covid-19 pandemic, but unemployment remains elevated in the region compared with nationwide. New York added 61,200 jobs in March, a 0.8% increase from the prior month, according to the state Department of Labor. The job growth represents a modest acceleration from prior months, and indicates that hard-hit industries may be starting to recover as state officials relax public-health restrictions on...

  • U.S. Economy Ramps Up on Spending Surge, Hiring Gains -- Update

    The U.S. economic recovery is accelerating as stimulus money, Covid-19 vaccinations and business re-openings spur a spring surge in consumer spending, a sharp pullback in layoffs and a bounceback in factory output. Retail sales-- a measure of purchases at stores, at restaurants and online-- jumped 9.8% in March, the Commerce Department reported Thursday. The gain in consumer spending-- the biggest driver of economic activity-- came as the government began distributing hundreds of...

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