Reuters

By Anant Chandak

BENGALURU (Reuters) - Growth in Thailand's economy was likely subdued in the quarter through March despite solid tourist arrivals, hampered by weak exports and domestic demand, a Reuters poll of economists found.

High household debt and borrowing costs hurt private consumption and customs-based exports fell in March for the first time since July 2023, dragging growth amid a slowdown in key trading partner China.

By Tom Westbrook

SINGAPORE (Reuters) - The dollar skidded to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years and retail sales turned flat, which pulled forward expectations for rate cuts in the world's biggest economy.

Stocks and other risk-sensitive assets such as the Australian dollar led gains in the wake of the data release. The Aussie rose 1% overnight in its sharpest one-day jump for the year,... (continue reading...)

BUENOS AIRES (Reuters) - Argentine Economy Minister Luis Caputo said on Wednesday that talks with the International Monetary Fund (IMF) over a new debt program will begin shortly in comments to local broadcaster La Nacion+.

"We're just going to start talking now," Caputo said, stressing that the government has not sought out any private sector financing.

The minister added that he also expects the government to have achieved a fiscal... (continue reading...)

By Katya Golubkova

TOKYO (Reuters) - Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S. where data showed slower inflation than markets expected, strengthening the argument for an interest rate cut which could result in even stronger demand.

Brent futures rose 42 cents, or 0.5%, to $83.17 a barrel, while U.S. West Texas Intermediate crude (WTI) gained 43 cents, or 0.6%, to $79.06 at... (continue reading...)

(Reuters) - British artificial intelligence startup Stability AI held discussions with at least one potential buyer in recent weeks about a sale as it faces a cash crunch, The Information reported on Wednesday, citing a person involved in the talks.

In the first quarter of 2024, Stability AI generated less than $5 million in revenue and lost more than $30 million, the report said, adding that the company currently owes close to $100 million in... (continue reading...)