COLOMBO / MUMBAI (Reuters) – Sri Lanka on Monday banned palm oil imports and new palm plantations, telling producers to phase out existing plantations in a surprise move that puzzled the industry. …
Read More »US Consumer Spending and Income Temporarily Fall Ahead of Massive Fiscal Stimulus
WASHINGTON (Reuters) -U.S. Consumer spending fell the most in 10 months in February as a cold snap gripped many parts of the country and fueled a second round of household income stimulus …
Read More »Weekly US Unemployment Claims Fall to a Year Low on a Boost to the Economy
WASHINGTON (Reuters) – The number of Americans filing new jobless claims fell to a one-year low last week, providing a powerful boost to an economy on the brink of stronger growth as …
Read More »Americans support restricting entry to offices and travel for unvaccinated people: Reuters poll
NEW YORK (Reuters) – A growing number of Americans want to get the coronavirus vaccine, with most also supporting workplace, lifestyle and travel restrictions for those not vaccinated against COVID-19, according to …
Read More »Lockdown affects UK GDP less than feared, but Brexit hits trade
By William Schomberg, Andy Bruce LONDON (Reuters) – Britain’s economy contracted less than feared in January when the country returned to a coronavirus lockdown, but trade with the European Union was affected …
Read More »US Consumer Prices Rise; core inflation silenced for now
WASHINGTON (Reuters) – U.S. consumer prices rose solidly in February, with households paying more for gasoline, but core inflation remained tepid amid weak demand for services like air travel and lodging in …
Read More »China’s exports in February record a record rise from depressed COVID-19 levels in 2020
BEIJING (Reuters) – China’s exports in February grew at a record pace from the previous year, when COVID-19 hit the world’s second-largest economy, customs data showed on Sunday, while imports surged. less …
Read More »China sets ‘low bar’ for GDP growth, promises more jobs
BEIJING (Reuters) – China on Friday set a modest annual economic growth target, above 6%, and vowed to create more jobs in cities than last year as the world’s second-largest economy planned …
Read More »The pent-up demand drives the global reactivation of factories
By Jonathan Cable, Leika Kihara LONDON / TOKYO (Reuters) – Demand for manufactured goods fueled extended factory growth in Europe and Asia in February, but a slowdown in China underscored the challenges …
Read More »Fiscal Stimulus Boosts US Consumer Spending; benign inflation
WASHINGTON (Reuters) – U.S. consumer spending rose the most in seven months in January as the government distributed more pandemic relief money to low-income households and new COVID-19 infections declined, positioning the …
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