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New Jersey Lawmakers Throw Governor Murphy’s Flailing Offshore Wind Agenda an Economic Lifeline
TRENTON, N.J. — A proposed bill in the New Jersey Legislature would create a new tax credit program aimed at supporting manufacturers and clean energy product manufacturers, allocating up to $500 million…
Japanese firms expect China’s 2024 economic prospects to remain grim
BEIJING (Reuters) – Japanese firms in China expect economic prospects in the world’s second-largest economy to remain grim this year, according to a report from the Japanese Chamber of Commerce and Industry…
Moody’s revises Turkey’s outlook to positive on decisive change in economic policy
(Reuters) – Moody’s on Friday revised Turkey’s outlook to positive from stable, citing the decisive change to the country’s monetary policy. Since President Tayyip Erdogan won re-election in May, authorities have abandoned…
Fed debated in 2018 whether to accelerate updates of economic forecasts
By Michael S. Derby NEW YORK (Reuters) – While it never came to pass, some of the Federal Reserve’s most prominent officials said at the end of 2018 that they saw value…
Philippines’ Marcos gives cautious economic outlook on El Nino, geopolitical risks
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr on Friday painted a cautious outlook for his country’s economy given risks stemming from geopolitical tensions and El Nino weather phenomenon. “While the future…
Analysis-Sterling runs into economic and election hurdles after stellar year
By Alun John LONDON (Reuters) – Sterling just had its best year against the dollar since 2017, yet a weakening economy and election uncertainty make a repeat performance unlikely. It is not…
US economic data points to ‘real momentum’ for 2024, White House says
By Andrea Shalal (Reuters) – Higher consumer spending over the holiday season, real wage gains over the last nine months and a jump in consumer confidence point to a good start for…
Xi says China to consolidate and enhance economic recovery in 2024
BEIJING (Reuters) – President Xi Jinping said on Sunday that China will consolidate and enhance the positive trend of its economic recovery in 2024, and sustain long-term economic development with deeper reforms.…
Explainer-Charting the Fed’s economic data flow
(Reuters) – The final month of 2023 featured a rush of data about the health of the U.S. economy and the state of price increases that a number of Federal Reserve officials…
‘Almost Laughable’: Economist Pours Cold Water On Biden’s Attempt To Blame The Media For Economic Pessimism
‘Almost Laughable’: Economist Pours Cold Water On Biden’s Attempt To Blame The Media For Economic Pessimism Harold Hutchison on December 26, 2023 Conservative economist Steve Moore called President Joe Biden’s attempts to…
Russia’s economic growth to slow in 2024 as high interest rates linger: Reuters poll
By Alexander Marrow (Reuters) – Russia’s economic growth is set to slow in 2024, hampered in particular by double-digit interest rates throughout the year as the Bank of Russia seeks to subdue…
India’s economic adviser calls for review of sovereign ratings methods
NEW DELHI (Reuters) – The Indian government’s chief economic advisor called in a paper published on Thursday for reforms to the way credit ratings agencies assign sovereign ratings, saying their present methodologies…
Japan government lifts economic growth estimates
TOKYO (Reuters) – Japan’s government on Thursday slightly raised its economic growth projections for this fiscal year from its previous estimates, as external demand is likely to more than offset weak domestic…
Brazil economic activity down 0.06% in October
SAO PAULO (Reuters) – Economic activity in Brazil performed worse than expected in October, central bank data showed on Wednesday, corroborating broad readings of economic cooling. The IBC-Br index, a key predictor…
Panama lowers 2024 economic growth estimate to about 2.5%
PANAMA CITY (Reuters) – Panama’s economic growth next year is now estimated at about 2.5%, down “in light of new scenarios,” Economy and Finance Minister Hector Alexander said on Tuesday. Speaking at…
Cuba’s Christmas not so merry this year as economic crisis grinds on
By Anett Rios and Alien Fernandez HAVANA (Reuters) – Cuban craft vendor Melani Ramos says she is feeling pretty down ahead of the holidays this year, as shelves that are bare and…
German economic activity deteriorates in Dec-PMI
BERLIN (Reuters) – Germany’s economic downturn worsened this month with both manufacturing and services activity contracting, a preliminary survey showed on Friday, pointing to a recession in Europe’s biggest economy at the…
Japan Oct machinery orders unexpectedly rise despite economic uncertainty
TOKYO (Reuters) – Japan’s core machinery orders unexpectedly rose in October, climbing for a second straight month, data showed on Thursday, but remained down year-on-year as uncertainty about the global economy pared…
Explainer-What does Argentina’s ‘shock therapy’ economic package involve?
By Valentine Hilaire (Reuters) – Argentina’s government under libertarian President Javier Milei has unveiled a “shock therapy” economic plan, a radical and likely painful blueprint to stabilize the South American country’s economy…
Argentina devalues peso, cuts spending in economic shock therapy
(Reuters) – Argentina will weaken its peso by more than 50% to 800 per dollar, cut energy subsidies and cancel public works tenders as part of an economic shock therapy aimed at…
Argentina govt to lay out economic measures on Tuesday
BUENOS AIRES (Reuters) – Argentina’s new government will lay out its economic measures on Tuesday, presidential spokesman Manuel Adorni said Monday, after radical libertarian Javier Milei took office as the country’s new…
US equity funds see outflows as investors eye economic data
(Reuters) – U.S. equity funds witnessed outflows for a second straight week in the seven days to Dec. 6 on some investor caution ahead of economic data which could provide more insights…
China’s leaders pledge to spur domestic demand, economic recovery in 2024
BEIJING (Reuters) – China will spur domestic demand and consolidate and enhance the economic recovery in 2024, the Politburo, a top decision-making body of the ruling Communist Party, was quoted by state…
Laredo CBP, HSI officials advise Christmas gift shoppers to avoid counterfeit, dubious origin goods that pose consumer safety, U.S. economic security risks
LAREDO, Texas – U.S. Customs and Border Protection and Homeland Security Investigations officials gathered at Laredo’s World Trade Bridge for an illustrative event to advise the public through local media this holiday…
Wall Street bank bosses warn lawmakers of economic toll from tough new rules
WASHINGTON (Reuters) – Wall Street bank bosses warned lawmakers on the Senate Banking Committee on Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending,…
‘Economic state of shock’ to persist in Germany in 2024 -survey
(Reuters) – German businesses, which have been struggling with high inflation, energy price fluctuations and geopolitical instabilities for months, are rather pessimistic for 2024 and do not expect a recovery, a study…
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