By Deisy Buitrago
CARACAS (Reuters) -Public employees in Venezuela will receive $130 per month in bonuses, President Nicolas Maduro said on Wednesday, amid demands by workers for salary increases and months ahead of presidential elections in which Maduro is seeking a third term.
Maduro gave scant details in his announcement, but ruling party lawmaker Francisco Torrealba later said on social media that bonuses will be paid out in local... (continue reading...)
By Mark John
LONDON (Reuters) - Foreign direct investment (FDI) into Europe fell 4% last year, with Germany seeing a sharp 12% drop in projects amid concern over its economic slowdown and energy security, a survey by professional services group EY found.
It was the first annual fall in the number of European FDI projects registered since the COVID-19 pandemic, after gains seen in both 2021 and 2022. Foreign investment into the region is... (continue reading...)
SEOUL (Reuters) -South Korea's consumer inflation eased in April for the first time in three months, official data showed on Thursday, coming in lower than economists' estimates and supporting market expectations for monetary easing in the latter half of the year.
The consumer price index stood 2.9% higher than the same month the year before, compared with a rise of 3.1% in March and a 3.0% gain tipped in a Reuters survey of economists.
It... (continue reading...)
(Reuters) -Australia's Woolworths warned of continued caution among consumers and cost-of-living pressures on Thursday, even as inflation moderated, as the supermarkets operator faced a slowdown in sales from its biggest segment, Australian Food.
Total sales for the company's Australian Food business rose just 1.5% to A$12.58 billion ($8.21 billion) for the 13 weeks period ended March 31, compared with a 5.1% at Coles, signalling that the smaller rival is... (continue reading...)
By Yantoultra Ngui
SINGAPORE (Reuters) -Singapore's biggest bank DBS Group expects its net profit this year to grow from 2023, it said on Thursday, after posting a 15% rise in first quarter net profit that beat expectations, driven by strong total income growth.
Total income growth was projected to be 1 to 2 percentage points above previous guidance of the mid-single-digits, according to DBS CEO Piyush Gupta's outlook observations slides... (continue reading...)
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