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UAE non-oil private sector growth slows to near four-year low in March, PMI shows
April 3 (Reuters) - The United Arab Emirates' non-oil private sector activity expanded at its weakest pace in nearly four years in March as the Middle East conflict hit demand and disrupted supply chains, a business survey showed on Friday.The seasonally adjusted S&P Global UAE Purchasing Ma...Reuters
28 minutes ago
WRAPUP 1-US employment growth likely rebounded in March, war casting shadow over labor market
Nonfarm payrolls forecast increasing 60,000 in MarchEconomists say it will take time for the oil price shock to impact the labor marketUnemployment rate is expected to have held steady at 4.4% By Lucia Mutikani WASHINGTON, April 3 (Reuters) - U.S. job growth likely rebounded in March as a strike ...Reuters
44 minutes ago
China’s RatingDog Services PMI declines to 52.1 in March vs. 53.7 expected
China's Services Purchasing Managers' Index (PMI) eased to 52.1 in March from 56.7 in February, the latest data published by RatingDog showed on Friday. This figure came in weaker than the expectations of 53.7.
Fxstreet
3 hours ago
China services activity growth cools in March, private PMI shows
Private PMI shows services growth slowed to 52.1 in March from 56.7 in FebruaryWeaker demand, falling export orders and job cuts weigh on sector momentumGeopolitical tensions and rising costs add uncertainty, but business sentiment stays positiveBy Liangping Gao and Ryan Woo BEIJING, April 3 (Reu...Reuters
3 hours ago
Japan's services growth slows as Middle East war dents confidence, PMI shows
TOKYO, April 3 (Reuters) - Japan's services sector grew at its weakest pace in three months in March, a private survey showed on Friday, as rising uncertainty over the Middle East war crushed business confidence to its lowest level since the pandemic.Here are the key details: • The S&P Globa...Reuters
4 hours ago
Fed’s Goolsbee: Oil price rise is quite serious, everything depends on how long it lasts
Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that he is concerned about the timing of rising oil prices, stating that they could hinder efforts to reduce inflation.Fxstreet
5 hours ago
Fed's Goolsbee says oil shock has him worried about inflation
April 2 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Thursday said it's "unfortunate timing" that the economy is undergoing an oil shock that is pushing up price before the inflation from last year's tariff shocks has subsided, and that has him concerned."When...Reuters
5 hours ago
US President Donald Trump will impose 100% tariff on some patented drugs — Bloomberg
US President Donald Trump signed an executive order that could slap up to 100% on certain imported medicines from companies that don't reach deals with his administration in the coming months, Bloomberg reported on Thursday.Fxstreet
5 hours ago
South Korea: Inflation pressures seen building – ING
ING’s Min Joo Kang notes that South Korea’s March consumer price inflation rose modestly, with government fuel caps and food vouchers limiting the impact of higher Oil costs. Core inflation eased slightly, but ING expects recent energy and currency moves to push prices higher in coming months.Fxstreet
7 hours ago
UK finalises US pharma deal granting tariff-free access for British medicines
Agreement reached as part of a wider US-UK trade accordZero US tariffs on UK medicines for at least 3 yearsBritain also pledged to increase medicines spendingBy Sam Tabahriti, Maggie Fick and Bhanvi Satija LONDON, April 2 (Reuters) - Britain has finalised a U.S.-UK pharmaceutical trade deal, sett...Reuters
7 hours ago
Energy-price surge will work through economy slowly, Fed's Williams tells Fox Business
By Michael S. DerbyApril 2 (Reuters) - Federal Reserve Bank of New York President John Williams said monetary policy is “well positioned," as he expects surging energy prices will take some time to affect the economy.The Middle East war means “the uncertainty and the risks have increased, but th...Reuters
7 hours ago
INR: RBI tightens NDF access to shield rupee – DBS
DBS Group Research economist Radhika Rao discusses new Reserve Bank of India (RBI) measures aimed at defending the Indian Rupee (INR). The RBI has barred banks from offering rupee NDF contracts to residents and offshore users while keeping deliverable hedging channels open.Fxstreet
9 hours ago
Fed's Williams tells Fox Business energy surge will work slowly through economy
NEW YORK, April 2 (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday that monetary policy is “well positioned” amid his expectations that surging energy prices will take some time to impact the economy.The pass-through of energy prices “typically takes months or maybe...Reuters
9 hours ago
