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  • Mexican Inflation Held Steady in Early March

    MEXICO CITY-- Mexican consumer prices rose moderately in the first half of March, leaving the annual inflation rate little changed from the previous month. In the first two weeks of the month, the consumer-price index rose 0.26% from the end of February, the National Statistics Institute said Friday. The 12- month inflation rate was practically unchanged from February at 3.95%.

  • Gold Rises as Global Worries Push Investors to Haven Assets

    Gold prices rose Friday, as signs of global economic weakness pushed investors into haven assets. Gold for April delivery was recently up 0.4% at $1,312.80 a troy ounce on the Comex division of the New York Mercantile Exchange. Weak manufacturing data from the eurozone deepened investors anxiety over the health of the global economy, weighing on stocks and boosting prices for bonds.

  • Trump Offers Fed Board Position to Economic Commentator Stephen Moore

    WASHINGTON-- President Trump has asked former campaign adviser Stephen Moore to accept a nomination to serve on the Federal Reserve's Board of Governors, a senior administration official said Friday. Trump made the offer to Mr. Moore earlier this week, the official said.

  • U.S. Wholesale Inventories Rise in January at Fastest Pace since 2012

    WASHINGTON--U.S. wholesalers restocked in January at the fastest pace since late 2012, according to a report the Commerce Department released on Friday. --Wholesale inventories jumped a seasonally adjusted 1.2% in January from December to $669.87 billion. --Economists surveyed by The Wall Street Journal had expected a 0.2% decline in wholesale inventories in January.

  • U.S. Existing Home Sales Jumped 11.8% in February

    WASHINGTON--Sales of previously-owned homes rose strongly in February, a sign that demand for housing picked up as mortgage rates eased last month. Sales rose 11.8% in February from the prior month to a seasonally adjusted annual rate of 5.51 million, the National Association of Realtors said Friday. Economists surveyed by The Wall Street Journal had expected sales would rise 3.2% to a rate of 5.1 million in February.

  • Bank of Russia Signals Potential Rate Cut This Year Amid Global Slowdown -- Update

    --The Bank of Russia left its key interest rate at 7.75% but warned of a potential cut this year amid a global slowdown. --The central bank expects weaker annual inflation than previously predicted, at 4.7%-5.2% from 5.0%-5.5%. --It could not yet say what impact a value-added tax hike in January would have on inflationary pressure.

  • Today's Logistics Report: Delivering on Demand; Trucking's Labor Peace; Downshifting Auto Makers

    Sign up: With one click, get this newsletter delivered to your inbox. Walmart Inc. is using artificial intelligence to build on-demand delivery for its e-commerce war with Amazon.com Inc. Workers at Walmart's Jetblack personal-shopping service are training algorithms to respond more effectively to customer texts, the WSJ's Sarah Nassauer reports, automation aimed at helping the company prepare for the next phase of digital commerce. Amazon (AMZN) has sold millions of Echo...

  • J Sainsbury, Asda Propose Sale of Up to 150 Stores to Allay Competition Concerns

    J Sainsbury PLC (JSNSF) and Asda Group Ltd. have proposed selling up to 150 stores and a number of gas stations to satisfy the U.K.' s monopoly watchdog. A report published by the Competition and Markets Authority on Friday showed that the two grocers have proposed selling between 125-150 supermarkets, plus a number of convenience stores, to address concerns of a significant lessening of competition. Asda--which is owned by Walmart Inc.-- and Sainsbury are also proposing the sale of a...

  • Dour Growth Outlook Sends Key European Rate Negative

    The yield on Europe's most watched bonds turned negative Friday for the first time since 2016 after weak numbers from Germany's manufacturers exacerbated worries about the health of the region's economy. The yield on 10- year German government bonds, known as bunds, fell to negative-0.01% in morning trading. Investor demand for safe government bonds pushes up their prices and drives down yields.

  • Bank of Russia Signals Potential Rate Cut This Year Amid Global Slowdown, Weaker Inflation

    The Bank of Russia said it may cut its key interest rate this year, becoming the lastest central bank to change tack in the face of slowing global economic growth and weaker inflation prospects. Policy makers Friday left their key interest rate at 7.75%, but said they now expect consumer prices to rise less rapidly this year than they did previously. "If the situation develops in line with the baseline forecast, the Bank of Russia admits the possibility of turning to cutting the key...

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