News
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US existing home sales fall more than expected in January
WASHINGTON, Feb 21 (Reuters) - U.S. existing home sales dropped more than expected in January after three straight monthly increases as high mortgage rates and house prices stifled demand.Home sales decreased 4.9% last month to a seasonally adjusted annual rate of 4.08 million units, the National As...Reuters
Fri, Feb 21
Mexico economy contracts 0.6% in the fourth quarter as trade tensions loom
Adds annualized GDP data in paragraph 4, December data in paragraph 10, economist comment in paragraphs 11By Gabriel Araujo Feb 21 (Reuters) - Mexico's economy shrank in the fourth quarter for the first time in more than three years, official data showed on Friday, as the central bank expects...Reuters
Fri, Feb 21
Tariffs, federal government spending cuts restrain US business activity
Business activity index falls to 17-month low in FebruaryManufacturing prices paid measure highest since late 2022By Lucia Mutikani WASHINGTON, Feb 21 (Reuters) - U.S. business activity nearly stalled in February amid mounting fears over tariffs on imports and deep cuts in federal government spen...Reuters
Fri, Feb 21
CPC says oil flows bypassing damaged pumping station
MOSCOW, Feb 21 (Reuters) - The Caspian Pipeline Consortium (CPC) said on Friday that oil flows via the Tengiz-Novorossiisk system were bypassing a pumping station damaged by a Ukrainian drone strike and that oil loadings at the sea terminal were continuing as normal.The CPC, which carries virtually ...Reuters
Fri, Feb 21
Euro zone bond yields fall on weak French data, set for weekly rise
LONDON, Feb 21 (Reuters) - Euro zone bond yields fell on Friday after French survey data pointed to a worse-than-expected outlook for the economy, potentially bolstering the case for deeper interest rate cuts by the European Central Bank.Reuters
Fri, Feb 21
On The Money-Why more Americans are worried about the economy
53% of Americans believe economy is on wrong track, Reuters/Ipsos poll showsEgg prices soar due to avian flu and rising feed costsOlder Americans increasingly seek roommates to offset housing costs, SpareRoom data showsBy Lauren Young NEW YORK, Feb 21 (Reuters) - This was originally published in ...Reuters
Fri, Feb 21
China's hopes to be Ukraine peacemaker collide with its goals on Trump, trade
China focuses on economy, trade over Ukraine peace rolePreparations for negotiations over U.S. tariffs a priority for Xi China avoids risks to maintain ties with Russia for energyChina engages more with Europe amid frosty relationsAdds Chinese foreign ministry comment in paragraph 11By Antoni Slodko...Reuters
Fri, Feb 21
Euro zone business activity stuck in a rut, PMI shows
Euro zone business growth weak in February, PMI showsGerman economy shows some improvementFrench activity slumps much more than expectedAdds comment in paragraphs 4-5; country details in paragraphs 6-9By Jonathan Cable LONDON, Feb 21 (Reuters) - Euro zone business activity saw very tepid growth i...Reuters
Fri, Feb 21
Ukraine plans to import 800 mcm of gas until April after Russian strikes
Russian attacks hammer Ukrainian gas productionUkraine increases gas imports from EuropeUkraine has to accumulate gas for next winterBy Pavel Polityuk KYIV, Feb 21 (Reuters) - Ukraine plans to import up to 800 million cubic metres (mcm) of gas from Europe in February and March to compensate for a...Reuters
Fri, Feb 21
UK firms cut staff before Reeves' tax hike, PMI survey shows
LONDON, Feb 21 (Reuters) - British businesses are cutting staff at the fastest pace in more than four years ahead of a tax increase ordered by finance minister Rachel Reeves which has already prompted suppliers to jack up their prices, a survey showed on Friday.The preliminary reading of the UK S&am...Reuters
Fri, Feb 21
