Economics News Results

  • Japan Dec core consumer inflation ticks up, but far from BOJ's target

    * Dec nationwide core CPI rises 0.7% yr/yr vs +0.5% in Nov. * Dec core-core CPI rises 0.9% vs +0.8% in Nov. * Tame inflation seen forcing BOJ to keep ultra-easy policy. By Kaori Kaneko. Japan's core consumer prices rose in December from a year earlier, data showed on Friday, nudging up from the previous month, but inflation was still well short of the central bank's elusive 2% target.

  • Japan Dec core CPI rises 0.7% yr/yr

    Japan's core consumer prices rose 0.7% in December from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.7% annual gain. Stripping away the effect of fresh food and energy, consumer prices rose 0.9% in December from a year ago.

  • FOREX-Dollar up vs euro as ECB holds rates steady, launches review

    * ECB launches review that will redefine its mission and tools. * Yuan has lost more than 1% since Monday as virus spreads. By Saqib Iqbal Ahmed. The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.

  • AFRICA-FX-Uganda's shilling and Zambia's kwacha to firm

    Uganda's shilling and Zambia's kwacha are both expected to strengthen slightly against the U.S. dollar in the next week while Kenya's shilling and the Nigerian naira will hold steady, traders said. KENYA. The Kenyan shilling is expected to remain stable in the week ahead, with commercial banks quoting the currency at 100.85/101.05 per dollar, compared with 100.95/101.15 at last Thursday's close.

  • Brazil 2019 federal tax take rises to five-year high, seen rising this year

    Brazil's federal tax revenue last year rose to a five-year high of 1.537 trillion reais, the country's federal tax service said on Thursday, boosted by an increase in the corporate tax take.

  • U.S. weekly jobless claims rise modestly; labor market tight

    The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing. Labor market strength is underpinning consumer spending, helping to keep the longest economic expansion on record, now in its 11th year, on track, despite a downturn in manufacturing.

  • WEEKAHEAD-AFRICA-FX-Uganda's shilling and Zambia's kwacha to firm

    Uganda's shilling and Zambia's kwacha are both expected to strengthen slightly against the U.S. dollar in the next week while Kenya's shilling will hold steady, traders said. KENYA. The Kenyan shilling is expected to remain stable in the week ahead, with commercial banks quoting the currency at 100.85/101.05 per dollar, compared with 100.95/101.15 at last Thursday's close.

  • FOREX-Dollar gains vs euro as ECB holds policy steady, launches review

    * ECB launches review that will redefine its mission and tools. * Yuan has lost more than 1% since Monday as virus spreads. By Saqib Iqbal Ahmed.

  • ECB to tackle inflation target and tools in review

    The European Central Bank will review its inflation target, policy tools and communication in a broad review of its strategy to reflect changed economic conditions since the financial crisis.

  • Mexico inflation fractionally above forecast in early January

    Mexican consumer price inflation was very slightly above forecast in the first half of January, but remained close to the central bank's target rate, data from the national statistics agency showed on Thursday. In the year through early January, inflation was 3.18%, up from 3.02% in the second half of December, taking the rate to its highest since the first half of August.

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