PCE: inflation cools along with consumer spending American Express, Visa climb higher on solid demand Chevron falls after missing profit estimates Indexes up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan 27 (Reuters) – Wall Street advanced on Friday, marking the end of an rocky week in which economic data and corporate earnings guidance ...

NEW YORK, Jan 27 (Reuters) – World stocks rallied and the dollar edged up from eight-month lows on Friday as slowing inflation data raised hopes the Federal Reserve can engineer an economic soft landing and reduce its pace of aggressive monetary tightening next week. U.S. consumer spending fell for a second straight month in December, ...

New Delhi, Jan 27 (Reuters) – India’s federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. “Feedback from the market participants is that a borrowing ...

U.S. economic growth beats expectations Wall Street climbs on soft landing hopes Oil prices firm on China demand optimism NEW YORK/LONDON, Jan 26 (Reuters) – A gauge of global stock performance rose and the dollar strengthened on Thursday after a slew of data showed a strong U.S. economy that is decelerating with slowing inflation, suggesting ...

Japan chairs G7, co-chairs ASEAN+3 this year Pledges to boost regional financial cooperation Signals readiness to respond to sharp yen moves TOKYO, Jan 26 (Reuters) – Japan, this year’s chair of the Group of Seven (G7), expects Russia’s invasion of Ukraine to dominate talks among the world’s major advanced economies, its top finance diplomat, Masato ...

SYDNEY/SINGAPORE, Jan 26 (Reuters) – China’s reopened borders and renewed focus on boosting the sagging economy have brightened the deals outlook, with bankers starting to field interest for mergers, acquisitions and fundraising involving the world’s second-largest economy. The prospect of a revival in deals comes as Chinese policymakers try to restore private-sector confidence and growth, ...

IMF wants Pakistan to adopt market based exchange rate Pakistan desperately needs IMF funding Banks to be told to supply dollars to exchange companies Artificial cap at Pakistani rupee encouraged black market FinMin Ishaq Dar’s bids to defend rupee counter to IMF advice KARACHI, Pakistan, Jan 25 (Reuters) – The Pakistani rupee weakened by 1.2% ...

SINGAPORE, Jan 25 (Reuters) – Asian equities extended their winning run to scale their highest levels in seven months on Wednesday, with South Korean stocks leading the way, and the Australian dollar hit multi-month highs as surging inflation made higher interest rates more likely. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) advanced 0.4% ...

NEW YORK, Jan 24 (Reuters) – The dollar edged lower against the euro on Tuesday after data showed euro zone business activity made a surprise return to modest growth in January, while U.S. business activity shrank for a seventh straight month. While U.S. business activity shrank in January, the downturn moderated across both the manufacturing ...

SEOUL, Jan 24 (Reuters) – South Korea plans to scrap a number of regulations in the local stock market within this year to make investment easier for foreign investors, its financial regulator said on Tuesday, in an effort to bring in more money into the market. The Financial Services Commission said in a statement there ...