Economic

WASHINGTON – U.S. Treasury Secretary Janet Yellen raised concerns about what the U.S. calls China’s “unfair, non-market” economic practices in a call with Chinese Vice Premier Liu He, the U.S. …

FRANKFURT – Top bankers in Germany voiced concerns on Monday about risks facing Europe’s largest economy as worries grow about a looming gas crisis. Germany, which is largely dependent on …

SAN FRANCISO –Lebnitz Tran pleaded guilty to criminal charges related to a  scheme to submit fraudulent loan applications seeking millions of dollars in Paycheck Protection Program (PPP) and Economic Injury …

MOSCOW – Russia’s unemployment rate dropped to a record low in May but industrial output fell and consumer demand, measured by retail sales, waned after a decline in real wages …

(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester told CNBC on Wednesday if economic conditions remain the same, she will advocate for a 75 basis points (bps) hike in …

By Walter Bianchi BUENOS AIRES – Argentina’s economic alarm bells are ringing loudly with fears of a global recession and spiraling inflation stoking investor fears over possible defaults, missed targets …

BEIJING – China will roll out tools in its policy reserve in a timely way to cope with more economic challenges, as COVID-19 outbreaks and risks from the Ukraine crisis …

(Reuters) – Ratings agency Moody’s on Friday affirmed United States’ rating at “Aaa”, citing the country’s emergence from the pandemic shock with “exceptional” economic strength. “Moody’s expects the US economy …

By David Lawder TORONTO – U.S. Treasury Secretary Janet Yellen met with Canadian Finance Minister Chrystia Freeland on Monday, pledging cooperation on issues ranging from sanctions against Russia to increasing …

LIMA – Peru’s economic growth will likely be slightly lower this year, according to a new central bank forecast on Friday following disruptions to major mining projects in the Andean …

LONDON – Russia must reduce its decades-old reliance on exports of raw materials and stimulate private enterprise to avoid slipping back towards a Soviet-style technological lag with the West, the …

SEOUL -South Korea’s top economic and financial officials agreed at a rare meeting on Thursday to strengthen coordinated efforts to keep the markets stable, while affirming containing inflation was the …

By Mehnaz Yasmin and Davide Barbuscia (Reuters) – U.S. corporate bonds were pummeled on Monday as expectations of an aggressive rate hiking cycle, following hotter-than-anticipated inflation data last week, intensified …

By Carolina Mandl NEW YORK – Bridgewater’s Karen Karniol-Tambour, co-chief investment officer for sustainability, said on Thursday that the U.S. stock market has not yet priced in an economic slowdown …

LONDON – Prime Minister Boris Johnson warned Britain on Thursday there was no quick fix to the instability prompted by Russia’s invasion of Ukraine but that the economic consequences of …

‘Recession Will Be Hard To Avoid’: World Bank Issues Dire Economic Warning, Hints At 1970s-Era Stagflation Thomas Catenacci on June 7, 2022 The World Bank cut its global growth forecast …

(Reuters) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to coordinate measures to stabilise the economic situation, Russian Finance Minister Anton Siluanov said …

PARIS – France’s finance minister said on Sunday he expected positive growth for 2022, but would revise economic forecasts at the start of July. “It’s clear that with the war …

By David Shepardson and Karen Freifeld WASHINGTON/NEW YORK – The United States on Thursday added 71 Russian and Belarusian entities to its trade blacklist including several aircraft factories and shipbuilding …

(Reuters) – Russia’s economy will contract less than expected this year and inflation will be lower than previously thought, a Reuters poll showed on Tuesday, after what Moscow calls a …

ISTANBUL – Turkey’s banking sector needs to prioritize sectors that will have a long term contribution to the economy, the country’s banking watchdog Chairman Mehmet Ali Akben said on Monday. …

By Lucy Craymer WELLINGTON – The Reserve Bank of New Zealand’s chief economist said its outlook for strongly rising interest rates this year could change, depending on economic indicators. “This …

BEIJING – China has punished a number of local officials with demotions or dismissal for falsifying economic data, the country’s statistics bureau said on Friday, as part of an effort …