By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Investors’ focus on Tuesday rests squarely on China: From an economic and market …
Economic
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Argentina looks to ease economic targets in IMF loan program, source says
by Reutersby ReutersMEXICO CITY (Reuters) – Argentina is considering how to persuade the International Monetary Fund to further ease the economic targets embedded in the country’s $44 billion IMF loan program, a …
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French central bank nudges up Q1 economic growth forecast to around 0.2%
by Reutersby ReutersPARIS (Reuters) – The French economy is set to grow around 0.2% in the first quarter of 2023, up from around 0.1% forecast last month, the central bank said on …
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(Reuters) – The U.S. economy is at risk of shrinking in the second quarter, BofA Global Research wrote in a client note, following recent economic data that hinted that the …
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Argentina looks to defuse economic timebomb with soy export boost
by Reutersby ReutersBy Anna-Catherine Brigida and Walter Bianchi BUENOS AIRES (Reuters) – Argentina has patched up its wobbly economy with a so-called “soy dollar” preferential exchange rate to boost grains exports and …
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US and World News
Japan’s crackdown on truck driver overtime raises fears of economic breakdown
by Reutersby ReutersBy Mariko Katsumura and Satoshi Sugiyama TOKYO (Reuters) – Truck driver Yuichi Tomita has been delivering packages all over Japan for two decades, often clocking 40 straight hours on the …
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By Rachna Uppal DUBAI (Reuters) – The World Bank has revised its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation Council (GCC) downwards to 3.2% …
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Business News
Chile economic activity index posts surprise annual fall in February
by Reutersby ReutersSANTIAGO (Reuters) – Chile’s IMACEC economic activity index dropped 0.5% in February compared to the same month last year, data showed on Monday, well below the expectations of economists polled …
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By Laura Sanicola (Reuters) – A slowing manufacturing sector is starting to put a dent in U.S. diesel demand, traders and fuel experts said this week, helping rebuild stocks that …
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By Gopal Sharma KATHMANDU (Reuters) – Nepal’s Prime Minister Pushpa Kamal Dahal on Friday named centrist politician and economic expert Prakash Sharan Mahat as finance minister, a presidential statement said, …
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BANGKOK (Reuters) – Thailand’s economy in February continued to improve compared with the previous month as the value of exports rose while private consumption and tourism activities also increased, the …
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Business News
Panama’s economic recovery strong, but growth to slow in 2023, IMF says
by Reutersby Reuters(Reuters) – Panama’s economic recovery has been “very strong,” but the outlook remains uncertain as growth is projected to slow to 5% this year, the International Monetary Fund (IMF) said …
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Tech Giant To Fire 10,000 Employees, Cut Thousands More Unfilled Jobs Amid Economic Uncertainty
Tech Giant To Fire 10,000 Employees, Cut Thousands More Unfilled Jobs Amid Economic Uncertainty Jason Cohen on March 14, 2023 Meta CEO Mark Zuckerberg announced that as Meta strives for …
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New Zealand house prices fall in February as economic headwinds continue
by Reutersby ReutersWELLINGTON (Reuters) – New Zealand house prices continued to fall on the prior month as ongoing headwinds and the impact of Cyclone Gabrielle continues to weigh, the Real Estate Institute …
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Business News
Brazil tax reform seen boosting long-term economic growth, official says
by Reutersby ReutersBRASILIA (Reuters) – A proposed tax reform in Brazil will likely generate additional economic growth of 12% over the next 15 years, the special secretary for tax reform, Bernard Appy, …
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BRUSSELS (Reuters) – The euro zone failed to register any growth quarter-on-quarter in the final three months of 2022, European statistics agency said on Tuesday, slightly revising down both its …
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US and World News
India, Australia aim to boost economic, defence ties at first summit of PMs
by Reutersby ReutersBy Krishn Kaushik and Kirsty Needham NEW DELHI/SYDNEY (Reuters) – Australia’s Prime Minister Anthony Albanese arrives in India on Wednesday seeking to strengthen the new momentum in ties between the …
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Russian central bank: Economic activity, inflationary pressure rose in Jan-Feb
by Reutersby ReutersMOSCOW (Reuters) – Russian economic activity rose in January-February but inflationary pressure also increased, the central bank said on Tuesday, adding that this could warrant a tighter monetary policy. The …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets will likely open on the front foot on Monday, following Wall …
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DUBLIN (Reuters) – An expected economic slowdown may not be as severe as feared, Ireland’s finance minister said on Friday after data showed consumer spending continued to grow even as …
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SANTIAGO (Reuters) – Chile’s economic activity in January beat market forecasts and put an end to a negative string of four consecutive monthly drops, with improved mining results helping the …
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Business News
Swiss government says it expects economic slowdown but no recession
by Reutersby ReutersZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after it reported zero growth at …
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Business News
Swiss economic growth flat in Q4 as exports and manufacturing drop
by Reutersby ReutersZURICH (Reuters) – The Swiss economy showed no growth in the fourth quarter of 2022, the government said on Tuesday, as a “challenging international situation” hit manufacturing and exports. The …
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ISTANBUL (Reuters) – Turkey’s economic confidence index fell 0.3% month-on-month in February to 99.1 points, following massive earthquakes that devastated the country’s southern region, data from the Turkish Statistical Institute …
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Business News
Australia’s treasurer says curbing inflation remains economic ‘main game’
by Reutersby ReutersSYDNEY (Reuters) – Australia’s Treasurer Jim Chalmers said on Sunday that stubbornly-high inflation in the country has likely peaked, but conceded it remains a big economic challenge. Inflation is running …