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Brazilian inflation tops target band in early May, clouds easing path

Brazilian inflation tops target band in early May, clouds easing path

SAO PAULO, May 27 (Reuters) - Brazil's 12-month inflation in early May exceeded the upper end of the central bank's target range for the first time since October 2025, official data showed on Wednesday, raising questions over how far its monetary easing cycle can continue.

Wall Street catches up to the gains made by other markets around the world the day before

Wall Street catches up to the gains made by other markets around the world the day before

The U.S. stock market is rising as it catches up with others around the world that climbed the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war

China's April industrial profits grow at fastest pace in more than two years

China's April industrial profits grow at fastest pace in more than two years

BEIJING, May 27 (Reuters) - China's industrial profits in April grew at the fastest pace since November 2023, despite financial pressures stemming from softening domestic demand and rising component costs exacerbated by the Middle East crisis.

Wall Street rises to more records as US stocks catch up to the world's gains from the day before

Wall Street rises to more records as US stocks catch up to the world's gains from the day before

The U.S. stock market rose to more all-time highs and caught up with climbs for others around the world from the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war

Another surge for Micron, Wall Street's latest $1 trillion company, sends US stocks to records

Another surge for Micron, Wall Street's latest $1 trillion company, sends US stocks to records

The U.S. stock market rose to records as it caught up with climbs for others around the world from the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war

Wall Street rises toward records as US stocks catch up to the world's gains from the day before

Wall Street rises toward records as US stocks catch up to the world's gains from the day before

The U.S. stock market is rising as it catches up with others around the world that climbed the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war

US weekly jobless claims increase marginally amid low layoffs

US weekly jobless claims increase marginally amid low layoffs

WASHINGTON, May 28 (Reuters) - The number of Americans filing claims for unemployment benefits increased marginally last week amid relatively low layoffs, despite the dragging war with Iran.

China allows fresh urea exports amid Iran war-fuelled fertiliser crisis, sources say

China allows fresh urea exports amid Iran war-fuelled fertiliser crisis, sources say

May 27 (Reuters) - China has issued export quotas for urea fertiliser, sources with direct knowledge of the matter said, a move that could help ease soaring global prices for one of the world's most widely used crop nutrients after supply disruptions linked to the Iran war.

'Greetings after 88 days': Iranians reconnect after long internet shutdown

'Greetings after 88 days': Iranians reconnect after long internet shutdown

By Elwely Elwelly, Emily Giles and Amy McConaghy DUBAI/LONDON, May 27 (Reuters) - Iranians isolated by a long internet shutdown imposed by the authorities during the war with the U.S. and Israel expressed joy as social media came back to life in a country where even in normal times access to the

Singapore Airlines and Air New Zealand to expand joint network as travel demand grows

Singapore Airlines and Air New Zealand to expand joint network as travel demand grows

May 28 (Reuters) - Singapore Airlines said on Thursday that it would expand its joint network between New Zealand and Singapore with Air New Zealand to meet growing travel demand between the two countries alongside key markets across Asia and Europe.

Abercrombie & Fitch beats quarterly profit estimates on steady US demand

Abercrombie & Fitch beats quarterly profit estimates on steady US demand

May 27 (Reuters) - Abercrombie & Fitch beat first-quarter profit estimates, helped by steady domestic demand on Wednesday, but flagged some weakness in its Europe, the Middle East and Africa segment due to the ongoing U.S.-Israeli war with Iran.

ADB to provide $5 billion to Bangladesh as economic pressures mount

ADB to provide $5 billion to Bangladesh as economic pressures mount

DHAKA, May 25 (Reuters) - The Asian Development Bank (ADB) will provide Bangladesh with $5 billion in support over the next five years, the lender said on Monday, as the country faces mounting economic pressure from global conflicts and domestic financial challenges.