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Economy News

Israeli central bank holds key rate, cuts unlikely until 2025

  • 3 months ago
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By Steven Scheer JERUSALEM (Reuters) - The Bank of Israel kept interest rates unchanged on Wednesday for the fifth-straight meeting, citing geopolitical uncertainty that has raised economic risks, along with rising inflation, and said rates would likely not fall further until 2025.

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Economy News

Chinese hackers exploited bug to compromise internet companies, cybersecurity firm says

  • 3 months ago
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By Raphael Satter WASHINGTON (Reuters) -A Chinese hacking group exploited a software bug to compromise several internet companies in the United States and abroad, a cybersecurity firm said on Tuesday.

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Economy News

Most investors expect soft landing, Citi says

  • 3 months ago
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According to a recent survey conducted by Citi, a majority of investors are anticipating a soft landing for the U.S. economy.

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Economy News

US Treasury's $70B 5YR auction in small 0.3bps tail even as demand inches higher

  • 3 months ago
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The U.S. government sold $70 billion of five-year notes on Wednesday at a slightly higher-than-expected yield even as demand for the tenor inched higher.

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Economic Indicators

Canada July wholesale trade most likely down 1.1% - Statscan flash estimate

  • 3 months ago
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Aug 27 (Reuters) - Canadian wholesale trade most likely fell 1.1% in July from June, largely driven by lower sales in the motor vehicle and motor vehicle parts and accessories, and the personal and household goods subsectors, Statistics Canada said in a flash estimate on Tuesday.

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Economic Indicators

US house prices fall on monthly basis in June

  • 3 months ago
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U.S. single-family home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted housing supply.