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New Zealand: Fiscally adrift – Standard Chartered
Government maintained its goal of returning to a surplus by FY29; but deficit path has widened materially. Growth forecasts were downgraded across the forecast horizon. Near-term issuance trimmed, but total borrowing over the forecast horizon revised up by NZD 4bn.
Fxstreet
Thu, May 22
Japan downgrades view on global economy as US tariffs bite
By Leika Kihara TOKYO, May 22 (Reuters) - Japan's government on Thursday downgraded its assessment on the global economy in the face of uncertainty over U.S. trade policy, signalling its alarm over the broadening fallout from President Donald Trump's tariffs.In its monthly economic report...Reuters
Thu, May 22
Australian exporters upbeat on business outlook in China despite trade war, central bank says
SYDNEY, May 22 (Reuters) - Australian exporters are upbeat on their business outlook in China as U.S. tariffs could enhance their competitive edge in Chinese markets, a top central bank official said on Thursday. In a speech in Sydney, Reserve Bank of Australia (RBA) Deputy Governor Andrew H...Reuters
Thu, May 22
Embracer leans on back catalogue as game delays shake industry profits
By Jesus Calero and vera dvorakova May 22 (Reuters) - Tomb Raider owner Embracer EMBRACb.ST is leaning on its back catalogue to maintain cash flow while fewer AAA games are being released, but this is not a long-term shift, CEO Lars Wingefors said on Thursday.As game development becomes slower, ...Reuters
Thu, May 22
UK business downturn eases despite worsening factory woes, PMI shows
By Andy Bruce MANCHESTER, England, May 22 (Reuters) - A downturn for British firms eased in May despite a darkening picture for manufacturers who cut jobs at one of the fastest rates since the global financial crisis almost 20 years ago, according to a survey published on Thursday.The S&P Glo...Reuters
Thu, May 22
Euro zone May business activity surprisingly contracts, PMI shows
LONDON, May 22 (Reuters) - Euro zone business activity unexpectedly slipped back into contraction this month as the bloc's dominant services industry suffered a deeper downturn in demand, although manufacturing showed further signs of stabilisation, a survey showed.HCOB's preliminary composi...Reuters
Thu, May 22
