News
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China Dec industrial output rises 6.2% y/y, above expectations
BEIJING, Jan 17 (Reuters) - China's industrial output in December rose 6.2% from a year earlier, quickening from a 5.4% pace in November, pointing to resilience in the manufacturing sector amid stimulus measures, data showed on Friday.The official data from the National Bureau of Statistics (NBS) be...Reuters
Fri, Jan 17
China's Q4 GDP grows 5.4% y/y, beating market forecast
BEIJING, Jan 17 (Reuters) - China's economy grew 5.4% in the fourth quarter from a year earlier, official data showed on Friday, significantly beating analysts' expectations and enabling the government to meet its annual growth target.Analysts polled by Reuters had forecast fourth-quarter gross dome...Reuters
Fri, Jan 17
China's property investment drops 10.6% in 2024, sales slump 12.9%
BEIJING, Jan 17 (Reuters) - Property investment in China fell 10.6% in 2024, after tumbling 10.4% year-on-year in the first eleven months, National Bureau of Statistics data showed on Friday.Property sales by floor area dropped 12.9% last year, compared with a 14.3% decline in the January-November p...Reuters
Fri, Jan 17
China's new home prices steady for the first time in 1-1/2 years after stimulus push
BEIJING, Jan 17 (Reuters) - China's new homes prices were flat month-on-month in December, official data showed on Friday, after the government rolled out multiple rounds of stimulus measures to lift the property sector from a prolonged slump.New home prices were steady in December for the first timReuters
Fri, Jan 17
China expected to hit 2024 GDP target, but tariffs loom
China's Q4 GDP growth seen at 5.0%, vs 4.6% in Q32024 growth estimated at 4.9%, largely meeting official targetGDP, Dec activity data due 0200 GMT on Friday2025 outlook clouded by trade tensions as Trump returnsPolicymakers pledge to ramp up stimulus this yearBy Kevin Yao BEIJING, Jan 17 (Reuters...Reuters
Thu, Jan 16
GEO Group can't nix $23 mln verdict over immigrant detainee pay
By Daniel Wiessner Jan 16 (Reuters) - A U.S. appeals court on Thursday upheld rulings requiring private prison operator GEO Group GEO.N to pay more than $23 million to the state of Washington and hundreds of immigrant detainees who were paid $1 a day to participate in a work program.The San Franc...Reuters
Thu, Jan 16
UPDATE 1-Military output doesn't help long-term growth, Italy's central bank chief says
Re-leads, adds quote in paragraph 6. MILAN, Jan 16 (Reuters) - Military production does not help long-term economic growth, Italy's central bank governor Fabio Panetta said on Thursday, as NATO countries debate whether to increase defence expenditure.At a speech delivered to a Catholic organisati...Reuters
Thu, Jan 16
UPDATE 1-Lawyers cry foul over $34 million eXp settlement with US home sellers
Adds details from a court order in paragraphs 13-14By Mike Scarcella and David Thomas Jan 16 (Reuters) - Lawyers for a group of U.S. home sellers in Missouri have accused real estate broker eXp World Holdings EXPI.O of negotiating a lowball settlement in a Georgia antitrust lawsuit in order to he...Reuters
Thu, Jan 16
TREASURIES-US yields decline after Fed's Waller's remarks, soft data
Fed's Waller says three or four cuts possible this yearUS retail sales, jobless claims softer than expectedPhilly Fed Index surges, analysts say could be an aberrationUS 2/10 yield curve flattens slightlyUS rate futures price in 43 bps of easing in 2025 Adds comment, graphic, updates pricesBy Gertru...Reuters
Thu, Jan 16
Fed hawks and doves: what US central bankers are saying
Jan 16 (Reuters) - U.S. central bankers project more limited interest-rate cuts in 2025 than the full percentage point of reductions they delivered in 2024, given slower progress toward their 2% inflation goal, a still-strong labor market, and a lot of uncertainty over the potential impact of tax cu...Reuters
Thu, Jan 16
Military spending doesn't help long-term growth, Italy's central bank chief says
MILAN, Jan 16 (Reuters) - Military spending and arms production do not help long-term economic growth, Italy's central bank governor Fabio Panetta said on Thursday, as NATO countries debate whether to increase defence expenditure.At a speech delivered to a Catholic organisation in Bologna, Panetta c...Reuters
Thu, Jan 16
