News
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TABLE-IMF nudges up 2025 world growth outlook
Jan 17 (Reuters) - The International Monetary Fund on Friday nudged its 2025 economic outlook higher as anticipated continued strength in the U.S. economy outweighed downgrades to forecasts for Europe and Canada.2025 estimatesJanuary vs prior estimatesJanuaryOctoberJulyAprilvs Octobervs Julyvs April...Reuters
Fri, Jan 17
IMF lowers 2025 Saudi Arabia growth forecast on extended oil production cuts
ABU DHABI, Jan 17 (Reuters) - The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended oil production cuts, it said on Friday in the latest update to its global outlook.It also trimmed its 2024 growth estimate for the Gulf state to 1...Reuters
Fri, Jan 17
UK to have third-strongest G7 growth in 2025, IMF forecasts
IMF raises UK's 2025 growth forecast to 1.6%Bank of England predicts 1.5% growth in 2025Reeves defends budget amid economic stagnation concernsBy Suban Abdulla LONDON, Jan 17 (Reuters) - Britain is set to have the fastest growth among major European economies this year, according to the Internati...Reuters
Fri, Jan 17
IMF lifts US outlook, warns countries against protectionism, subsidies
IMF cuts forecasts for Germany, FranceFund warns against protectionist measuresHeadline inflation seen declining to 4.2% this year By Andrea Shalal WASHINGTON, Jan 17 (Reuters) - The International Monetary Fund on Friday raised its forecast for global growth in 2025 by one-tenth of a percentage p...Reuters
Fri, Jan 17
TREASURIES-US yields slightly trim losses after strong housing data
NEW YORK, Jan 17 (Reuters) - U.S. Treasury yields modestly cut losses on Friday after data showed single-family homebuilding expanded solidly in December, backing expectations the Federal Reserve won't cut interest rates as much as it indicated in its rate forecasts in December. Data showed single-f...Reuters
Fri, Jan 17
US single-family housing starts increase in December
WASHINGTON, Jan 17 (Reuters) - U.S. single-family homebuilding increased solidly in December, but further gains were seen limited by rising mortgage rates and a glut of new homes on the market.Single-family housing starts, which account for the bulk of homebuilding, rose 3.3% to a seasonally adjuste...Reuters
Fri, Jan 17
UPDATE 1-Dutch government excludes most ASML sales to China from 'dual use' export data
Most ASML China sales excluded from Dutch 'dual use' export dataGovernment says data commercially sensitive, disclosure optionalASML had sales of around $7 billion to China in first 9 months of 2024Recasts paragraph 2, adds time period in paragraph 3, ASML declines comment in final paragraphBy Toby ...Reuters
Fri, Jan 17
Former Canada finance minister Freeland running to replace Trudeau
OTTAWA, Jan 17 (Reuters) - Former Canadian finance minister Chrystia Freeland on Friday announced that she would take part in the contest to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party.Freeland, who was one of Trudeau's closest political allies for a decade, quit last...Reuters
Fri, Jan 17
POLL-Fed to hold rates in Jan as Trump's policies stir inflation worries
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=USFOMC%3DECI Fed rates poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=USGDPAAP economic poll dataBy Indradip Ghosh BENGALURU, Jan 17 (Reuters) - The U.S. Federal Reserve will hold interest rates st...Reuters
Fri, Jan 17
REFILE-Dutch government excludes most ASML sales to China from 'dual use' export data
Fixes datelineMost ASML China sales excluded from Dutch 'dual use' export dataGovernment says data commercially sensitive, disclosure optionalASML had sales of more than $7 billion to China in 2024By Toby Sterling AMSTERDAM, Jan 17 (Reuters) - The Dutch government excludes billions of euros of sa...Reuters
Fri, Jan 17
Bund yields on track for first weekly drop since early December
By Stefano Rebaudo Jan 17 (Reuters) - Euro zone benchmark German bond yields were on track to record their first weekly drop since early December 2024 as U.S. inflation data drove borrowing costs lower on both sides of the Atlantic.Several analysts said that U.S. figures released on Wednesday wer...Reuters
Fri, Jan 17
China: Fourth quarter 2024 GDP surges to 5.4% YoY – ING
In other markets, China's fourth quarter 2024 GDP surged to 5.4% year-on-year, up from 4.6% YoY and marking the highest level of the year, and the fastest YoY growth of any quarter since 2Q23, ING's FX analyst Francesco Pesole notes.Fxstreet
Fri, Jan 17
China: 4Q24 GDP is boosted by industrial sector – UOB Group
China’s 4Q24 GDP growth accelerated to 5.4% y/y, 1.6% q/q sa. The 2024 full year growth of 5.0% has met official target, coming in slightly higher than our forecast of 4.9%. The stronger recovery was driven by the industrial sector, UOB Group's economist Ho Woei Chen notes.Fxstreet
Fri, Jan 17
