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US house prices increase strongly in December
WASHINGTON, Feb 25 (Reuters) - U.S. single-family house prices increased solidly in December, despite improving supply, which together with elevated mortgage rates will continue to erode affordability.House prices rose 0.4% on a month-on-month basis after an upwardly revised 0.4% increase in Novembe...Reuters
Tue, Feb 25
ECB's Schnabel: Subdued growth should not be taken as evidence that policy is restrictive
European Central Bank board member Isabel Schnabel argued on Tuesday that the fact that growth remains subdued cannot and should not be taken as evidence that policy is restrictive, as reported by Reuters.Fxstreet
Tue, Feb 25
Brazil's inflation index posts largest monthly rise since early 2022
Adds background, economist comments in paragraphs 3, 7-12IPCA-15 rises 1.23% in February, highest since April 2022Higher housing, education costs drive February price riseAnnual inflation rises to 4.96%, the highest since October 2023. SAO PAULO, Feb 25 (Reuters) - Brazil's IPCA-15 consumer ...Reuters
Tue, Feb 25
RPT-BREAKINGVIEWS-Apple’s $500 bln reveal has iPhone-like ring to it
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.By Robert Cyran NEW YORK, Feb 24 (Reuters Breakingviews) - Apple AAPL.O has mastered the art of hyping the ho-hum. The iPhone maker’s semi-regular product presentations carry on a mystique created by late founder...Reuters
Tue, Feb 25
British PM Starmer set to raise defence spending - The Sun
Adds a line on UK Sunday meeting, European background paragraph 4-6 LONDON, Feb 25 (Reuters) - Britain's Keir Starmer will set out a timeline to increase defence spending to 2.5% of GDP, The Sun newspaper reported on Tuesday, a day before the prime minister travels to meet U.S. President ...Reuters
Tue, Feb 25
South African central bank governor says trade and tax policies pose inflation risks
By Kopano Gumbi CAPE TOWN, Feb 25 (Reuters) - Global trade tensions and a potential value-added tax hike in South Africa could derail two years of slowing inflation, the country's central bank governor said on Tuesday.Speaking on the sidelines of a meeting of G20 finance officials in Cape Tow...Reuters
Tue, Feb 25
Home Depot forecasts annual same-store sales growth below estimates
Feb 25 (Reuters) - Home Depot HD.N forecast annual same-store sales growth below analysts' estimates on Tuesday, as the top U.S. home improvement chain contends with a slowdown in spending on big-ticket projects amid a weak housing market and higher borrowing costs.
Reuters
Tue, Feb 25
CORRECTED-Taiwan chip maker Vanguard says Trump's threatened tariffs could fuel inflation
Corrects revenue in paragraph 14 to T$11.55 billion ($352 million) from T$115.53 billion ($3.52 billionBy Wen-Yee Lee TAIPEI, Feb 25 (Reuters) - Taiwanese chip maker Vanguard International Semiconductor 5347.TWO warned on Tuesday that U.S. tariffs on imported chips could spur inflation and impact...Reuters
Tue, Feb 25
European car sales drop in January as falling combustion engines outweigh EV gains
Adds Tesla and SAIC figures in paragraph 2, graphicsBy Alessandro Parodi Feb 25 (Reuters) - Sales of fully electric car sales In Europe were up 37.3% in January, industry data showed on Tuesday, although the sharp rise was not enough to compensate for a drop in petrol and diesel vehicles, lea...Reuters
Tue, Feb 25
ECB’s Nagel: We should take one step at a time and not rush rate cuts
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Tuesday, “we should take one step at a time and not rush rate cuts.” Additional comments Inflation outlook is fairly encouraging.Fxstreet
Tue, Feb 25
South Korean minister heads to Washington seeking exemption from Trump tariffs
SEOUL, Feb 25 (Reuters) - South Korea's Industry Minister Ahn Duk-geun will travel to Washington D.C. from Wednesday through to Friday to press again for an exemption from U.S. steel tariffs and discuss ways to boost cooperation in energy and shipbuilding, his ministry said. The trip comes less ...Reuters
Tue, Feb 25
PBOC Advisor: China's CPI will decline moderately in February
Huang Yiping, an advisor to the People’s Bank of China (PBOC) said on Tuesday that “Chinese Consumer Price Index (CPI) will decline moderately in February.” Additional quotes Changes in external environment will increase pressure on expanding domestic demand this year.Fxstreet
Tue, Feb 25
