News
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RPT-Hong Kong expects GDP growth of 2% to 3% in 2025
Repeats to attach to snapsHONG KONG, Feb 26 (Reuters) - Hong Kong's economy is expected to grow 2% to 3% this year after growth of 2.5% in 2024, as authorities seek to tackle a fiscal deficit amid rising global uncertainty and a weak property market, Financial Secretary Paul Chan said on Wednesd...Reuters
Wed, Feb 26
Hong Kong expects GDP growth of 2% to 3% in 2025
HONG KONG, Feb 26 (Reuters) - Hong Kong's economy is expected to grow 2% to 3% this year after growth of 2.5% in 2024, as authorities seek to tackle a fiscal deficit amid rising global uncertainty and a weak property market, Financial Secretary Paul Chan said on Wednesday.Reuters
Wed, Feb 26
Australia’s monthly CPI inflation steadies at 2.5% YoY in January vs. 2.6% expected
Australia’s monthly Consumer Price Index (CPI) rose by 2.5% in the year to January, compared to a 2.5% increase seen in December, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.Fxstreet
Wed, Feb 26
RPT-Hong Kong budget looks to tackle deficit blowout amid economic headwinds
Repeats for early Asia readership, no change to text.Government forecasts deficit just below HK$100 billionSliding premiums from land revenues hit coffersOutlook for finance hub overshadowed by trade tensions By Jessie Pang HONG KONG, Feb 25 (Reuters) - Hong Kong is expected to focus on steps to ...Reuters
Tue, Feb 25
TREASURIES-US yields tumble amid policy uncertainty, signs of US deceleration
Adds analyst quote, updates yields, includes auction resultBy Tatiana Bautzer NEW YORK, Feb 25 (Reuters) - U.S. Treasury yields dropped sharply on Tuesday, with the benchmark 10-year yield hitting its lowest in 10 weeks, as investors sought a refuge in bonds from signs of deceleration in the U.S....Reuters
Tue, Feb 25
Warner Bros Discovery shuts three videogame studios, spokesperson says
Feb 25 (Reuters) - Warner Bros Discovery WBD.O is shutting down three of its videogame development studios in a move aimed at boosting profitability for its gaming division amid a sluggish recovery in the market, a spokesperson for the company's games unit said on Tuesday. The studios to be clos...Reuters
Tue, Feb 25
WRAPUP 3-Trump policy concerns send US consumer confidence plummeting to eight-month low
Updates headlineConsumer confidence index dives to eight-month lowOne-year inflation expectations highest in over 1-1/2 yearsSurvey notes mentions of tariffs at levels unseen in six yearsBy Lucia Mutikani WASHINGTON, Feb 25 (Reuters) - U.S. consumer confidence deteriorated at its sharpest pace in...Reuters
Tue, Feb 25
US Treasury's Bessent vows to re-privatize an economy that is 'brittle underneath'
Bessent blames Biden's deficits, over-regulation for 'sticky inflation'Treasury chief says lower spending will energize private sectorTariffs can rebuild US manufacturing, grow revenues -BessentAdds data on US growth, jobs paragraphs 5-6, quotes and details on deficits, Treasury debt, pa...Reuters
Tue, Feb 25
Barkin: Consumer confidence important to economy
WASHINGTON, Feb 25 (Reuters) - The U.S. economy's reliance on consumer spending makes household confidence all the more important, Richmond Federal Reserve President Tom Barkin said on Tuesday."The economy is almost 70% consumer spending ... so it really matters whether consumers have confid...Reuters
Tue, Feb 25
EXCLUSIVE-Head of Fed-watchdog task force in Congress plans broad US central bank review
Effectiveness of Fed's dual mandate post-pandemic questionedPanel says will review Fed's monetary policy frameworkCritics argue Fed's focus has drifted from price stabilityAdds background about Fed's framework review starting in 10th paragraphBy Howard Schneider WASHINGTON, Feb 25...Reuters
Tue, Feb 25
Fed's Barkin: I expect upcoming PCE will show a further decline
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin cast his bets on another decline in Personal Consumption Expenditure (PCE) inflation later this week, noting that the Fed has made singificant progress on inflation.Fxstreet
Tue, Feb 25
UK's Starmer boosts defence spending on eve of Washington trip
Defence spending to increase from 2.3% of GDP to 2.5% Cut to development budget will fund defence spendingStarmer's opening bid before talks with TrumpAdds Starmer on UK jobs, paragraph 10, tweaks line on size of increase in 9By Sachin Ravikumar and Elizabeth Piper LONDON, Feb 25 (Reuters) - ...Reuters
Tue, Feb 25
