News
Important Only
High food prices dampen festive spirits in Russia
Inflation hits staples such as butter, potatoes, chickenReal wages rise but lag inflation over 9%High borrowing costs cool real estate, boost rental marketBy Alexander Marrow, Anastasia Bakhur and Dmitry Vasiliev YEKATERINBURG, Russia, Dec 27 (Reuters) - This holiday season, many Russians are tig...Reuters
Dec 27, 2024
China says new housing metrics behind upward revision to 2023 GDP
BEIJING, Dec 27 (Reuters) - China said on Friday its 2023 gross domestic product was revised upward due in part to changes in housing sector calculation methods, which would also affect the size of the economy in 2024 but have little impact on the growth rate. On Thursday, China's 2023 GDP was raise...Reuters
Dec 27, 2024
China's Nov industrial profits narrow decline but 2024 likely worst year in decades
BEIJING, Dec 27 (Reuters) - China's industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to persistently soft domestic consumption.
UPDATE 3-Japan's cabinet approves record budget, faces tough parliament fight
Adds contextBy Makiko Yamazaki TOKYO, Dec 27 (Reuters) - Japanese Prime Minister Shigeru Ishiba's cabinet on Friday approved a record $730 billion budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue.However, Ishiba's minori...Reuters
Dec 27, 2024
BOJ produces estimates on how future rate hikes affect earnings
BOJ estimates $13 billion loss if short-term rates rise to 2%BOJ aims for neutral interest rates to sustain 2% inflationBOJ's QT plan includes halving JGB purchases by 2026By Leika Kihara TOKYO, Dec 27 (Reuters) - The Bank of Japan released for the first time estimates on how future interest rate...Reuters
Dec 27, 2024
UPDATE 2-Japan's cabinet approves record $730 bln budget for next fiscal year
Adds finance minister commentBy Makiko Yamazaki TOKYO, Dec 27 (Reuters) - Japanese Prime Minister Shigeru Ishiba's cabinet on Friday approved a record $730 billion budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue.The bud...Reuters
Dec 27, 2024
UPDATE 2-China's Nov industrial profits narrow decline but demand remains soft
Industrial profits down 7.3% in Nov vs 10% decline in OctFactory sector undergoes uneven recovery, analyst saysGovernment's stepped up stimulus having some effectAdds analyst comments BEIJING, Dec 27 (Reuters) - China's industrial profits fell at a slower clip in November, official data showed on...Reuters
Dec 27, 2024
UPDATE 3-Inflation in Japan's capital accelerates, keeps rate hike prospects intact
Dec Tokyo core CPI up 2.4% yr/yr vs f'cast +2.5%Index excluding fuel rises 1.8% yr/yr in DecemberFactory output falls in November on soft overseas demandData among factors BOJ will scrutinise at January meetingAdds graphic linkBy Leika Kihara and Satoshi Sugiyama TOKYO, Dec 27 (Reuters) - Core in...Reuters
Dec 27, 2024
UPDATE 1-China's industrial profits decline at slower pace in Nov
Rewrites throughout with data details and context BEIJING, Dec 27 (Reuters) - China's industrial profits fell at a slower clip in November, official data showed on Friday, as policymakers pledged stronger support to prop up a faltering economic recovery.The world's second-largest economy has been...Reuters
Dec 27, 2024
China's Jan-Nov industrial profits fall 4.7% y/y
BEIJING, Dec 27 (Reuters) - Profits at China's industrial firms fell 4.7% in the first 11 months from the same period last year, official data showed on Friday.The fall extended a 4.3% decline in the January-October period, according to National Bureau of Statistics data.Industrial profit numbers coReuters
Dec 27, 2024
UPDATE 2-Inflation in Japan's capital accelerates, keeps rate hike prospects intact
Dec Tokyo core CPI up 2.4% yr/yr vs f'cast +2.5%Index excluding fuel rises 1.8% yr/yr in DecemberFactory output falls in November on soft overseas demandData among factors BOJ will scrutinise at January meetingAdds economists' comments, factory output data and BOJ governor's stanceBy Leika Kihara an...Reuters
Dec 27, 2024
