By Deisy Buitrago
CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Wednesday that minimum income for workers will be $130 a month, without explaining what bonuses for public sector employees and pensioners will be included in that total or whether the monthly minimum wage will increase.
Maduro announced the change amid demands by workers for salary increases, months ahead of presidential elections in which he is seeking a... (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 market expectations.
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 was the slowest annual rate since January, according to Statistics Korea.
... (continue reading...)(Reuters) -Australia's Woolworths reported a rise in third-quarter sales on Thursday, boosted by an improving performance in the food retail segment, but warned of continued consumer caution despite moderating inflation.
The country's largest supermarket chain said total group sales were at A$16.80 billion ($10.97 billion) for the March quarter, compared to A$16.62 billion expected by Jefferies analysts and a 2.8% rise compared to the same quarter last... (continue reading...)
By Yantoultra Ngui
SINGAPORE (Reuters) -DBS Group, Singapore's biggest bank, said on Thursday its first-quarter net profit rose 15% to a record high, driven by strong total income growth on the back of stable net interest margin and higher fee income and treasury customer sales.
DBS, the first Singapore lender to kickstart this earnings season, said January-March net profit rose to S$2.96 billion ($2.18 billion) from S$2.57 billion a year... (continue reading...)
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