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US shakes up currency markets with unusual yen-buying via selling euros

US shakes up currency markets with unusual yen-buying via selling euros

By Alun John LONDON, Aug 3 (Reuters) - Traders grappling with an already rare co-ordinated U.S.-Japanese action to prop up the weak yen are also digesting a further unusual dynamic: the U.S. selling euros. Japan confirmed on Monday it had carried out yen-buying intervention on Friday with the U.S.

Declining imports compress US trade deficit in June

Declining imports compress US trade deficit in June

By Lucia Mutikani WASHINGTON, Aug 4 (Reuters) - The U.S. trade deficit narrowed in June, but the trend is unlikely to be sustained amid an artificial intelligence buildout that is heavily reliant on imports.

Lufthansa warns profits could fall as Iran war stokes fuel costs

Lufthansa warns profits could fall as Iran war stokes fuel costs

By Joanna Plucinska and Ilona Wissenbach LONDON/FRANKFURT, Aug 4 (Reuters) - Germany's Lufthansa cut its profit outlook on Tuesday and warned earnings could fall this year after the Iran war drove up fuel costs, sending its shares down more than 10% and putting them on track for their biggest one-

Italy services growth strengthens in July as cost pressures ease, PMI shows

Italy services growth strengthens in July as cost pressures ease, PMI shows

ROME, Aug 5 (Reuters) - Growth in Italy's service sector strengthened in July and cost pressures continued to ease, a survey showed on Friday, offering some encouraging signs for the euro zone's third-largest economy.

Indonesia's economic growth slows to 5.3% in Q2, but beats forecast

Indonesia's economic growth slows to 5.3% in Q2, but beats forecast

By Gayatri Suroyo and Fransiska Nangoy JAKARTA, Aug 5 (Reuters) - Indonesia's annual economic growth slowed to its weakest pace in three quarters in the second quarter as household and government spending eased, official data showed on Wednesday, although the figure topped expectations.

Spain services growth hits 40-month high in July, PMI shows

Spain services growth hits 40-month high in July, PMI shows

Aug 5 (Reuters) - Spain's service sector expanded at its fastest pace since March 2023 in July as stronger demand drove a marked rise in new business, a business survey showed on Wednesday.

Match's weak quarterly revenue forecast masks improving trends at Tinder

Match's weak quarterly revenue forecast masks improving trends at Tinder

By Juby Babu Aug 4 (Reuters) - Match Group forecast third-quarter revenue below Wall Street estimates on Tuesday, overshadowing signs of improvement in its struggling Tinder dating app and continued growth at Hinge, sending its shares down 9% in extended trading.

Morning Bid: Semis fly again as AI capex shoots the moon

Morning Bid: Semis fly again as AI capex shoots the moon

August 5 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Asian markets have followed through on Wall Street's record close with gains in the major semiconductor stocks, ignoring setbacks in SpaceX and AMD as they failed to meet sky-high expectations.

Indonesian economic growth slows to 5.3% in Q2, but beats forecast

Indonesian economic growth slows to 5.3% in Q2, but beats forecast

JAKARTA, Aug 5 (Reuters) - Indonesia's annual economic growth in the second quarter came in at its slowest in three as household and public spending eased, official data showed on Wednesday, though the figure was better than expected.

Iran war hit euro zone consumption especially hard, ECB says

Iran war hit euro zone consumption especially hard, ECB says

FRANKFURT, Aug 3 (Reuters) - Euro zone household consumption fell sharply in the early weeks of the Iran war as confidence tumbled, suggesting that renewed conflict could again thwart consumer spending, a European Central Bank Economic Bulletin article said on Monday.

Transcript of Reuters interview with NY Fed President Williams

Transcript of Reuters interview with NY Fed President Williams

By Michael S. Derby NEW YORK, Aug 3 (Reuters) - Reuters spoke with Williams on July 31, two days after the latest policy meeting. A full transcript of the interview follows, lightly edited for context and clarity. To see the related story click here.

Russia's manufacturing growth hits 18-month high, PMI shows

Russia's manufacturing growth hits 18-month high, PMI shows

MOSCOW, Aug 3 (Reuters) - Russia's manufacturing sector expanded at its quickest pace in 18 months in July as stronger domestic demand lifted output and new orders, a business survey showed on Monday.