Reuters USA

By Ananya Mariam Rajesh (Reuters) – Dollar Tree Inc forecast annual profit well below estimates on Wednesday, hurt by elevated freight and investment costs and as consumers rein back spending on discretionary items. With the U.S. on the verge of recession, rising rental and consumer prices have forced shoppers to rethink their purchases and cut …

Dollar Tree sees weak 2023 profit as costs mount, shoppers curb spending Read More »

TORONTO (Reuters) – Canadian manufacturing activity expanded at a faster pace in February as measures of output and new orders both rose to nine-month highs, while inflation pressures continued to ease, data showed on Wednesday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) rose to a seasonally adjusted 52.4 in February from 51.0 in …

Canadian factory activity rises to 7-month high on improving demand Read More »

By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – The Bank of Russia will not find room to cut interest rates in 2023 as increased budget spending has raised inflation risks, a Reuters poll showed on Wednesday, consigning the country’s economy to a second year of contraction. Russia’s economy proved resilient in the face of …

Higher inflation risks to give Russia no room to cut rates this year: Reuters poll Read More »

By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Italy posted firm economic growth of 3.7% last year but the budget deficit far exceeded official forecasts due to the cost of tax incentives for green buildings, national statistics bureau ISTAT reported on Wednesday. Growth slowed from 7.0% (upwardly revised from 6.7%) in 2021 but it …

Italy posts firm growth in 2022, but budget deficit overshoots Read More »

By Marine Strauss Paris (Reuters) -Inflation in France is likely to reach its peak in the first half of the year and, barring a major world event, the risk of recession could be ruled out, French European Central Bank policymaker Francois Villeroy de Galhau said on Wednesday. Villeroy, who is also governor of the French …

ECB’s Villeroy sees inflation peak in first half of year, no risk of recession Read More »

(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve battles sticky inflation in a tight labor market. Recent U.S. data, including an uptick in personal consumption expenditure – the Fed’s preferred gauge …

Factbox-Fed rate watch: Wall Street banks see longer hike cycle, higher rates Read More »

BERLIN (Reuters) -Germany’s unemployment rate stayed stable in February as demand for workers remained strong despite a challenging economic environment marked by higher input prices and supply chain constraints, Labour Office figures showed on Wednesday. The Federal Labour Office said the number of people out of work rose by 2,062 to 2.509 million in seasonally …

German unemployment rate remains stable at 5.5% in February Read More »

By Milounee Purohit BENGALURU (Reuters) – The drop in home prices in Canada this year will be steeper than forecast three months ago but mild compared with an historic run-up during the COVID pandemic, leaving many first-time buyers still priced out of the market, a Reuters poll showed. Following nearly a year of mostly aggressive …

Canada home prices to drop 12% in 2023, still remain unaffordable for many: Reuters poll Read More »

By Nell Mackenzie LONDON (Reuters) – Trend following hedge funds that outperformed rivals in 2022 will likely underperform this year, according to investors surveyed by BNP Paribas in a report published this week. The global survey of 185 investors in December and January also showed the investor community was undecided on putting money in hedge …

Hedge funds that did best in 2022 could fare worst in 2023 – BNP Read More »