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BIS urges targeted fiscal policy to curb inflationary risks, Nikkei says

TOKYO, May 11 (Reuters) - Countries must keep fiscal spending targeted and temporary as broad-based, persistent stimulus could increase inflationary risks and compel central banks to raise interest rates, the head of the Bank for International Settlements (BIS) said in an interview with Japan's ...
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China’s domestic car demand stays weak but exports strengthen

BEIJING, May 11 (Reuters) - China's domestic car sales fell for a seventh straight month in April amid intense competition in the world's biggest auto market but exports stayed strong as automakers increasingly targeted overseas markets. Sales at home dropped 21.6% from a year earlier ...
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Young Americans’ job market optimism falls as older adults stay upbeat, new Gallup poll finds

For years, younger Americans have been more optimistic about the job market than older Americans, even through the depths of the Great Recession. But in an abrupt shift, a new poll released Monday finds young people's confidence has plummeted over the past two years ...
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Venezuela’s leader to defend her country’s claim over mineral-rich Guyana region before UN court

CARACAS (AP) - Venezuela 's acting President Delcy Rodríguez arrived in the Netherlands on Sunday where she will defend her country's claim to a mineral- and oil-rich region in western Guyana before the United Nations highest court in a dispute that has spanned decades. ...
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Exclusive-Cerebras to raise IPO price range to $150-$160 as demand surges, sources say​​​​​​​​​​​​​​​​

By Echo Wang May 10 (Reuters) - Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence chipmaker's shares continues to climb, two people familiar with the matter told Reuters ...
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Aramco Q1 profit jumps 25% as Hormuz risks push pipeline to full capacity

By Yousef Saba DUBAI, May 10 (Reuters) - Saudi Aramco reported a 25% jump in first-quarter profit on Sunday, showing its resilience as U.S.-Iran war tensions curtail Strait of Hormuz shipping, with the state oil giant's East-West crude pipeline running at full capacity to mitigate ...
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Bolivia’s fuel shortages and ‘junk gasoline’ drive a surge in electric cars

LA PAZ, Bolivia (AP) - Tired of gasoline shortages and skyrocketing prices, Simón Huanca took matters into his own hands. The 53-year-old Indigenous artisan imported a Chinese electric car to navigate El Alto, Bolivia's highest city, using the vehicle to transport both his family and ...
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America In Focus: Jobs and a solid showing by big companies dominated news on the economic front

In the past week, many Americans remained focused on the economy, inflation and how those forces could impact their lives. Trips to the grocery store or gas station are more painful than they were last year, and that is impacting the decisions of both ...
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How China’s evolving consumer habits may protect the Amazon rainforest

By Manuela Andreoni SAO PAULO, May 9 (Reuters) - When Xing Yanling posted on WeChat about her visit to the Brazilian Amazon in April, she described to her friends in China the unforgettable sensation of being "enveloped by tens of thousands of shades of green." ...
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China April exports rebound strongly, trade surplus widens ahead of Trump visit

By Joe Cash and Lewis Jackson LONDON/BEIJING, May 9 (Reuters) - China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global ...
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Ryanair to shut Thessaloniki base in Greece due to high fees, says senior executive

By Lefteris Papadimas and Kalliroi Pappa ATHENS, May 8 (Reuters) - Ryanair will close its operating base at Greece's Thessaloniki airport this winter and cut the number of flights in and out of the city after airport operator Fraport hiked annual fees, a senior executive ...
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China says April exports jump 14.1% from a year ago ahead of Trump-Xi summit

HONG KONG (AP) - China's exports rose 14.1% in April from a year earlier, the government said Saturday, despite the Iran war and lingering impacts from higher U.S. tariffs. The data were released just days ahead of a planned meeting next week between U.S. President ...
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