By Bhargav Acharya and Kopano Gumbi
JOHANNESBURG (Reuters) - South Africa's headline inflation slowed slightly in April, but analysts said an interest rate cut was unlikely next week when the central bank's monetary policy meeting overlaps with a national election whose outcome is uncertain.
Headline consumer inflation dropped to 5.2% year on year in April from 5.3% in March, Statistics South Africa data showed on Wednesday, whereas... (continue reading...)
(Reuters) - PDD Holdings beat first-quarter revenue estimates on Wednesday, powered by strong adoption of its international shopping site, Temu, and as Chinese domestic discount e-commerce platform Pinduoduo attracted more price-conscious customers.
Consumers in China have preferred less expensive shopping platforms such as Pinduoduo and Bytedance's Douyin at a time when a prolonged property sector downturn and rising local debt weighed on the... (continue reading...)
By Danilo Masoni and Samuel Indyk
MILAN (Reuters) - A record-breaking run in European shares has made them more vulnerable to possible pull-backs in the latter part of 2024, although the region's recovering economy and the start of a rate-cut cycle is seen pushing them back to new peaks in 2025.
Fund managers and equity strategists surveyed from May 13 to 22 see the STOXX 600 index at 513 points by end-2024, implying a 1.9% fall from... (continue reading...)
HELSINKI (Reuters) - The deaths of Iran's president and foreign minister in a helicopter crash have caused a pause in the U.N. nuclear watchdog's talks with Tehran over improving cooperation with the agency, the watchdog's chief Rafael Grossi told Reuters on Wednesday.
"They are in a mourning period which I need to respect," International Atomic Energy Agency (IAEA) chief Grossi said in Helsinki, where he spoke at a nuclear conference.
... (continue reading...)By Siddharth Cavale
(Reuters) - Target on Wednesday forecast current-quarter comparable sales and profit largely below Wall Street expectations after weak discretionary spending dented its first-quarter results, and said it continues to expect the consumer to be cautious.
While inflation has moderated, most Americans remain uncomfortable with food prices and are still actively looking for ways to keep their spending in check. High gas... (continue reading...)
More Reuters
View Older Stories-
Indonesia mulls ban on investigative journalism, LGBT content
-
Summit host South Korea says world must cooperate on AI technology
-
Kremlin says EU plan to take revenue from frozen Russian assets is still theft
-
Factbox-Who will lead South Africa after the May 29 election?
-
Analysis-Emerging market credit ratings are finally looking up again
-
Biden to secure 200th judicial confirmation as election looms
-
Futures muted as Nvidia results, Fed minutes to test Wall St's record run
-
Iran Supreme Leader leads prayers at Raisi funeral as election looms
-
'The Algebra of Wealth': Professor Galloway’s fiscal formula
-
Morning bid: Nvidia nears, UK CPI lunge misses target
-
How Trump's hush money trial verdict could affect the 2024 election
-
Exiled Chinese businessman Guo Wengui goes on trial for fraud
-
Fed shifts talk to 'scenarios' as policy grows less certain
-
Indian election casts spotlight on Modi look-alikes
-
Missing Bangladeshi lawmaker found murdered in India, minister says
-
Bundesbank warns of inflation risk as wages rise more than expected
-
China takes measures against 12 U.S. military-linked firms
-
Congo lawyers say received new evidence on Apple's minerals supply chain
-
Israeli forces move deeper into Rafah in night of heavy battle
-
Amazon Web Services to invest $17.02 billion in data centres in Spain
-
Microsoft ties up with UAE-based AI firm to invest $1 billion in Kenya data center
-
UK defence minister says China working to supply lethal aid to Russia
-
Japan's Kishida makes public push on capital market reforms
-
Russia dismisses U.S. claim that Moscow put an anti-satellite weapon in space
-
Belgium crowns Top Woman in pageant of inner beauty
-
Chad's PM Masra resigns after disputed election, Deby confirmed winner
-
US announces details on higher China tariffs, some to start Aug. 1
-
North Korea displays leader's portrait beside predecessors for first time
-
Biden cancels $7.7 billion more in student debt for 160,000 borrowers
-
UK's ex-Post Office boss Paula Vennells: 'I am very, very sorry'
-
Philippine vice admiral accuses Chinese embassy of secretly recording phone call on South China Sea
-
German AfD candidate steps aside after SS comments as EU's far right splits
-
Egypt's foreign minister makes first trip to Iran to attend president's funeral
-
Germany's AfD top candidate in EU vote stops campaign appearances after SS comments
-
China should hike tariffs on large cars to 25%, says research body
-
Attacks on health care in war zones surge 25% last year, NGOs say
-
Geopolitical risks top concern for global family offices, UBS survey shows
-
High winds and flash floods bring chaos to Serbia
-
Russian attack in Ukraine's Sumy cut power to more than 500,000, energy ministry says
-
Stellantis CEO: electric vehicle tariffs are a trap
-
Iran's Armed Forces downplay role of Turkish drone in finding President's crash site
-
Rakuten, eBay team up to test US market for used Japanese fashion goods
-
BHP-Anglo prospects flag more M&A ahead for miners
-
Israel orders recall of ambassadors to Ireland and Norway
-
Emirates flight lands safely after hitting flamingos in Mumbai
-
Russian patriotic bloggers express anger at arrest of former commander
-
Sweden plans $7 billion military support frame for Ukraine in 2024-2026
-
British inflation jitters weigh on European stocks
-
Ireland, Spain, Norway announce recognition of Palestinian state
-
Spain's Prime Minister to announce recognition of Palestinian state, source says