Reuters

MEXICO CITY (Reuters) - Mexican Finance Minister Rogelio Ramirez de la O accepted President-elect Claudia Sheinbaum's invitation to stay on in the role, she said in a video shared on social media on Monday.

President Andres Manuel Lopez Obrador earlier on Monday had said Ramirez would stay in the role for some time to ensure a smooth transition when Sheinbaum takes office in October.

"He is a man with great national and international... (continue reading...)

SEOUL (Reuters) - South Korea's consumer inflation slowed for a second straight month in May to a 10-month low, official data showed on Tuesday, coming in lower than market expectations.

The consumer price index (CPI) in May stood 2.7% higher than a year earlier, slower than a rise of 2.9% in April and a gain of 2.8% tipped in a Reuters survey of economists. It was the slowest annual increase since July.

The index rose 0.1% on a monthly... (continue reading...)

By Alun John

LONDON (Reuters) - More global reserve managers plan to increase exposure to the now high-yielding U.S. dollar as their interest in China's yuan has soured due to low returns and geopolitical tensions, the Official Monetary and Financial Institutions Forum said.

The data, from a survey carried out by the think tank and published on Tuesday, challenges - at least in the short term - the trend towards de-dollarisation, the... (continue reading...)

By David Milliken

LONDON (Reuters) - Wet weather and ongoing cost-of-living pressures kept a cloud over British consumers in May, with one survey showing the weakest spending growth in more than three years.

Barclays said spending on its customers' debit and credit cards was only 1.0% higher than a year earlier, slowing from 1.6% annual growth the month before and the weakest increase since February 2021.

Also on Tuesday,... (continue reading...)

By Farah Master

HONG KONG (Reuters) - A change in the type of customers coming to Macau has seen smaller casino operators MGM China and Wynn Macau reap rewards, while larger rivals Sands China and Galaxy Entertainment rush to catch up.

As visitors gravitate back to the world's biggest gambling hub, the recovery has shifted towards affluent premium mass customers, whose individual bets at high-limit baccarat tables range from hundreds of... (continue reading...)