Iceland Trade Deficit Widens In April Iceland's foreign trade deficit increased in April from a year ago, figures from Statistics Iceland showed on Thursday. The trade gap widened to ISK 53.4 billion in April from ISK 46.8 billion in the corresponding month last year. In March, the ...
Indian Rupee Falls To Near 4-week Low Amid India-Pakistan Tensions The Indian rupee weakened against the U.S. dollar in the European session on Thursday, as growing concerns over escalating India-Pakistan tensions curbed investors' appetite for risk. In a calibrated and proportionate military response, the Indian Armed Forces this morning targeted air ...
Pound Recovers After BoE Monetary Policy Announcement The British pound recovered from its recent lows against other major currencies in the early New York session on Thursday, after the Bank of England decided to reduce its interest rate by 25 basis points in a three-way split. The Monetary ...
U.S. Labor Productivity Pulls Back More Than Expected In Q1 The Labor Department released a report on Thursday showing a pullback by U.S. labor productivity in the first quarter of 2025 along with a sharp increase by unit labor costs. The report said labor productivity fell by 0.8 percent in the ...
U.S. Weekly Jobless Claims Dip To 228,000 First-time claims for U.S. unemployment benefits saw a modest decline in the week ended May 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 228,000, a decrease of 13,000 from ...
Hungary Industrial Output Contracts 5.4% Hungary's industrial production decline moderated at the end of the first quarter, preliminary figures from the Hungarian Central Statistical Office showed on Thursday. The volume of industrial production fell a working-day-adjusted 5.4 percent annually in March, though slower than the 8.0 ...
Pound Recovers Against Majors The British pound recovered from its recent lows against other major currencies in the early New York session on Thursday. The pound rose to a 2-day high of 0.8472 against the euro and a 6-day high of 193.09 against the yen, ...
BoE Cuts Key Rate To 4.25% In Three-Way Split Policymakers of the Bank of England decided to reduce its interest rate by 25 basis points in a three-way split. The Monetary Policy Committee lowered the bank rate to 4.25 percent, as widely expected, on Thursday. Five members of the MPC ...
Ireland Inflation Rises To 9-Month High Ireland's consumer price inflation increased further in April to the highest level in nine months, data from the Central Statistics Office showed on Thursday. The consumer price index climbed 2.2 percent year-over-year in April, following a 2.0 percent rise in March. Further, ...
Romania Retail Sales Growth Eases To 3.4% Romania's retail sales growth eased in March after accelerating in the previous month, figures from the National Institute of Statistics showed on Thursday. Retail sales rose by a working-day-adjusted 3.4 percent year-on-year in March, slower than the 4.7 percent increase in ...
Norges Bank Holds Policy Rate As Expected Norway's central bank maintained its interest rate on Thursday as any premature easing could push up prices rapidly. The Monetary Policy and Financial Stability Committee of Norges Bank decided to hold the policy rate at 4.50 percent. The interest rate ...
Taiwan Trade Surplus Grows In April Taiwan's foreign trade surplus increased in April from a year ago, preliminary figures from the Ministry of Finance revealed on Thursday. The trade surplus rose to $7.21 billion in April from $6.3 billion in the corresponding month last year. The surplus ...
Sweden Central Bank Keeps Rate Unchanged Sweden's central bank left its key interest rate unchanged on Thursday and hinted at slight easing of monetary policy going forward. The executive board of the Riksbank decided to hold the policy rate at 2.25 percent. The outcome of the ...