Browsing: Economy

The numbers: The U.S. trade deficit narrowed 2% to $63.2 billion in November after a decline in imports, in a potential lift to gross domestic product…

By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda must change his communication style that is confusing markets into believing…

The numbers: Mortgage applications jumped as U.S. home buyers played ‘catch-up’ after the holiday seasons, despite rates edging higher.  Rising mortgage rates did not dampen home-buying…

MANILA (Reuters) – Philippine President Ferdinand Marcos Jr. has approved the extension of reduced tariffs on rice and other food items until the end-2024 to keep…

The U.S. added a surprisingly large 2.7 million new jobs in 2023 as the economy defied a widely forecasted recession, but monthly increases were exaggerated by…

LONDON (Reuters) – Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make a $33 million “coupon” payment on its…

The numbers: Initial jobless benefit claims inched lower by 1,000 to 202,000 in the week ended Jan. 6, the Labor Department said Thursday.   This is the…

By Swati Bhat MUMBAI (Reuters) -India’s current account deficit narrowed more than expected in the July-September quarter largely due to a lower merchandise trade deficit while…

Mortgage rates rose slightly in the latest week, but that didn’t deter home buyers. The 30-year fixed-rate mortgage rose and averaged 6.66% as of January 11,…

(Reuters) -U.S. retail sales rose 3.1% between Nov. 1 and Dec. 24, as shoppers looked for last-minute Christmas deals amid big promotions, a Mastercard (NYSE:) report…