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Economy
Economy
U.S. consumer confidence index climbs to 102.0 in May, but inflation concerns linger
Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April
Economy
Germany’s business sentiment stagnates in May amid manufacturing, trade recovery
Despite positive outlook, companies were less satisfied with their current business situation
Banking & Finance
Use quantitative easing carefully, urges ECB official
ECB officials recently agreed a new framework for how to run policy in the future
Asia
Korea, Japan, China hold trilateral summit, issue joint statement for collaboration in 6 key sectors
Countries agreed to support discussions to speed up negotiations for a trilateral free-trade agreement
Asia
Vietnam’s YoY industrial production up 6 percent in Q1 2024
The manufacturing and processing sector grew by 6.3 percent, contributing 5.5 percentage points to the overall increase
Asia
China’s outbound direct investment surges to $47.41 billion in first 4 months of 2024
This represents an 18.7 percent increase compared to the same period last year
Asia
Japan’s core inflation slows to 2.2 percent in April, signaling patience for BoJ rate hikes
Yen weakness fuels speculation of early BoJ rate hike
Economy
Eurozone economic recovery gathers pace, business confidence at 27-month high: PMI
Eurozone to likely grow at a rate of 0.3 percent during the second quarter
Economy
Russia’s foreign exchange reserves surge to $603.7 billion in May 2024
The country's foreign exchange reserves rose by $5.3 billion, or 0.9 percent, from May 10 to May 17
Asia
UAE announces plan to invest $10 billion in Pakistan
In January 2023, the UAE agreed to roll over an existing $2 billion loan and provide an additional $1 billion to Pakistan
Economy
Growth is top business priority for 62 percent of CEOs in 2024: Survey
34 percent of CEOs identify AI as the top theme for business tranformation
Economy
Peru exits IMF’s flexible credit line arrangement
The country has maintained robust foreign exchange reserves, low public debt and a prudent fiscal position
Economy
New Zealand Central Bank keeps cash rate unchanged at 5.5 percent, signals further policy tightening ahead
Consumer price inflation came in higher than expected at 4.0 percent in the first quarter of the year
Economy
U.K. headline inflation falls to 2.3 percent in April, but core and services prices remain elevated
Services inflation eased only slightly to 5.9 percent from 6 percent, missing the 5.5 percent forecast
Economy
Italy’s economy to grow by 0.7 percent in 2024, 2025: IMF
Italy's economic activity expanded 0.9 percent in 2023 and 0.6 percent in Q1 of 2024
Economy
U.S. manufacturing output falls 0.3 percent in April: Federal Reserve
Motor vehicle and parts output saw a 2 percent decline last month after increasing 2.8 percent in March
Economy
Brazil hikes 2024 GDP projection to 2.5 percent, sees inflation reaching 3.2 percent in 2025
The projected inflation rate for 2024 has been revised upwards to 3.70 percent
Africa
African Development Bank Group to launch 2024 African Economic Outlook on May 30
Africa's transformation is crucial for the continent to catch up with other regions globally
Economy
U.S. annual inflation slows to 3.4 percent in April, monthly CPI up 0.3 percent
The main drivers of the CPI increase were the rising costs of shelter (up 0.4 percent) and gasoline (up 2.8 percent)
Economy
U.K. second largest foreign investor in Saudi Arabia with $16 billion in investment shares
Saudi minister highlights the Kingdom's status as the fastest-growing economy over the past six years
Banking & Finance
Stress in home loans manageable despite high rates: ECB
ECB's review shows lenders were not adequately weighing up risks before granting a mortgage
Economy
U.S. small business sentiment recovers in April after hitting 12-year low in March
Inflation remains the most important concern when operating a small business in the U.S.
Economy
$3.7 billion Saudi investments set to boost North East England’s economy, generate 2,000 jobs: U.K. Official
An Education Task Force will be also established to promote cooperation in higher education
Asia
Japan’s wholesale inflation remains at 0.9 percent in April as yen declines
Import prices in yen increased 6.4 percent annually in April and 1.4 percent compared to March
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