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 …
Economic
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 …
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 …
‘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 …
Chile’s economic activity index up 0.3% in October, offset by mining decline
(Reuters) – Chile’s IMACEC economic activity index rose 0.3% in October from the previous year, the central bank said on Friday, slightly below forecasts. Economists …
US equity funds see weekly outflows amid profit-taking, economic report caution
(Reuters) – U.S. equity funds witnessed outflows in the week to Nov. 29, as investors booked profits after a strong rally and were cautious ahead …
US economic activity slowed in recent weeks, Fed survey shows
(Reuters) – U.S. economic activity slowed from early October through the middle of November, while businesses reported inflation largely moderated and it was easier to …
Euro zone economic sentiment inches up in November
BRUSSELS (Reuters) – Euro zone economic sentiment increased slightly for a second consecutive month in November, in line with expectations, as a modest up-tick of …
Wells Fargo sees economic “soft patch” capping further S&P 500 gains
By David Randall NEW YORK (Reuters) – An upcoming “economic soft patch” will likely weigh on the recent U.S. equity rally and stall sectors such …
China warns South Korea not to politicise economic issues
BEIJING (Reuters) – Chinese Foreign Minister Wang Yi warned his South Korean counterpart on Sunday not to politicise economic and tech issues as the two …
Israel’s economic growth to slow to 2% in 2023 due to war -finance ministry
By Steven Scheer JERUSALEM (Reuters) -Israel’s economy is expected to grow 2% in 2023, down from a prior estimate of 2.7%, the Finance Ministry said …
Biden steps up Trump attacks as economic message falls flat
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden is more aggressively going after his likely 2024 election rival Donald Trump …
S&P 500 to see small gain in 2024 as US economic risks rise: Reuters poll
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 will end next year only about 3% higher than its current level, with a possible …
Mexico stocks to gain further in 2024 on faster economic growth: Reuters poll
By Gabriel Burin and Ana Isabel Martinez BUENOS AIRES/MEXICO CITY (Reuters) – Mexican stocks will likely gain further in 2024, propelled by faster economic growth, …
Governor Murphy Says New Jersey’s Economic Woes Caused by Factors Beyond His Control
New Jersey Governor Phil Murphy spoke before hundreds of New Jersey’s elected officials in Atlantic City on Thursday at the annual League of Municipalities conference. …
Fed’s Cook says economic risks two-sided, ‘soft landing’ possible
SAN FRANCISCO (Reuters) – The U.S. central bank must steer between the risk of doing too little and taking the fight against inflation too far, …
Oman recovering, IMF says, though more reforms required
DUBAI (Reuters) -Oman’s economic recovery is continuing, the International Monetary Fund (IMF) said on Thursday, adding that while it expects growth to rebound in 2024 …
Texas Man Pleads Guilty to Fraudulently Obtaining more than $400,000 in COVID-19 Economic Assistance Loans
Jackson, Miss. – A Texas man pleaded guilty to illegally obtaining more than $400,000 in COVID-19 economic assistance loans. According to court documents, Ganiyu …
China, South Korea to establish mechanism on practical economic cooperation
BEIJING (Reuters) – China and South Korea will establish a mechanism on practical economic cooperation, Chinese state media reported on Wednesday, following a meeting of …
Canada govt to release annual fall economic statement on Nov. 21
OTTAWA (Reuters) – The Canadian government will release its annual fall economic statement (FES) on Nov. 21, the finance ministry said on Thursday. The FES …
New Jersey Wind Energy Collapse Exposes Economic Unsustainability in Offshore Turbine
TOMS RIVER, NJ — Danish energy company Orsted will discontinue development of two major offshore wind projects, Ocean Wind 1 and 2, near New Jersey, …
South Korea economic growth to exceed potential rate in 2024, Yoon says
SEOUL (Reuters) – South Korean President Yoon Suk Yeol said on Tuesday the economy in 2024 would exceed the potential growth rate after picking up …
Taiwan Q3 economic growth seen picking up pace on domestic consumption- Reuters poll
TAIPEI (Reuters) – Taiwan’s trade-dependent economy likely grew faster in the third quarter than the second thanks to resilient domestic consumption and a tentative rebound …
Mexico sees solid economic expansion but price pressures persist
MEXICO CITY (Reuters) – Mexico’s economy, the second biggest in Latin America, could expand by 3.5% or more this year, a senior finance ministry official …
Biden White House Taps Architect Of Liz Warren’s Student Debt Forgiveness Plan For Economic Aide Post
Biden White House Taps Architect Of Liz Warren’s Student Debt Forgiveness Plan For Economic Aide Post Will Kessler on October 23, 2023 The architect behind …
China-US Economic Working Group holds first meeting
BEIJING (Reuters) – The China-U.S. Economic Working Group held its first meeting via video link on Tuesday, the Chinese finance ministry said. The two sides …
China to bolster economic recovery and curb risks, central bank head says
SHANGHAI/BEIJING (Reuters) – China will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People’s Bank of China Governor …
US auto strike’s economic fallout starts to hurt global businesses
By Shivansh Tiwary and Raechel Thankam Job (Reuters) – Businesses ranging from airlines to auto parts makers are starting to feel the heat from the …
Ford says US fuel economy plan threatens ‘substantial economic hardship’
WASHINGTON (Reuters) – Ford Motor Co said the Biden administration’s proposal to drastically hike fuel economy standards through 2032 threatens “substantial economic hardship.” The automaker …
NY Fed finds modest economic impact from restart of student loan payments
By Michael S. Derby NEW YORK (Reuters) – The resumption of student loan payments should have only a modest impact on U.S. consumer spending levels, …
Japan ruling LDP offers proposals for Kishida’s economic package, but no income tax cuts
TOKYO (Reuters) – Lawmakers from Japan’s ruling Liberal Democratic Party (LDP) gave a list of proposals to Prime Minister Fumio Kishida’s cabinet for possible inclusion …
Former Jackson Police Officer Pleads Guilty to Submitting False Covid-19 Economic Injury Disaster Loan Application
Jackson, Miss. – A Jackson man pleaded guilty to wire fraud in connection with his submission of a false COVID-19 Economic Injury Disaster Loan (EIDL) …
Yellen: Too early to speculate on economic consequences from Israel conflict
LONDON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Monday it was too early to speculate on the economic consequences of the Israeli-Palestinian conflict, …
Yellen, China’s top central banker talk about debt, economic developments -US Treasury
MARRAKECH, Morocco (Reuters) – U.S. Treasury Secretary Janet Yellen and People’s Bank of China Governor Pan Gongsheng on Friday held a “substantive and productive” meeting …
Most Japanese firms expect China’s economic slowdown to persist into 2025 – Reuters poll
By Tim Kelly TOKYO (Reuters) – Most Japanese companies expect a slowdown in China’s economy to persist into 2025, with nearly two thirds of firms …
Italian companies see bleaker economic outlook-central bank survey
MILAN (Reuters) – Italian companies’ views on the prospects for the economy darkened markedly in the third quarter, the Bank of Italy said in its …
IMF raises Ukraine’s economic growth outlook to 2% in 2023
KYIV (Reuters) – The International Monetary Fund has revised its forecast for Ukraine’s economic growth this year up to 2%, and expects its gross domestic …
Middle East conflict adds new risks to global economic outlook
By Howard Schneider and Ann Saphir DALLAS (Reuters) – The outbreak of military conflict in the Middle East may leave central bankers battling new inflationary …
Gaza unrest sends message about economic misery under Israeli blockade
By Nidal al-Mughrabi GAZA (Reuters) – Weeks of violent protests by young men in Gaza have sent a message about the dire financial squeeze in …
Biden’s Economic Approval Dives To Lowest Point Of His Presidency: POLL
Biden’s Economic Approval Dives To Lowest Point Of His Presidency: POLL Jake Smith on October 2, 2023 President Joe Biden’s economic approval ratings have hit …
Factbox-U.S. economic data set to be affected by a gov’t shutdown
(Reuters) – A partial shutdown of the U.S. federal government due to lack of appropriations could begin on Oct. 1 and would mean key agencies …
US poor face economic hit as shutdown, childcare cliff, student loans converge
By Andrea Shalal WASHINGTON – Lower income households and Black and Latino communities will be hit hard when a confluence of U.S. economic events kick …
IMF says Argentina spending splurge sharpens economic challenge
By Rodrigo Campos NEW YORK (Reuters) – The International Monetary Fund said on Thursday recent policy moves by Argentina’s government, including wide-ranging tax breaks for …
Japan maintains modest economic recovery view, raises corp profits assessment
TOKYO (Reuters) – Japan retained its view of a modest recovery in the world’s third-biggest economy, but upgraded its assessment of corporate earnings for the …
Exclusive-German economic institutes forecast 0.6% GDP contraction this year – sources
By Christian Kraemer and Rene Wagner BERLIN (Reuters) – Five economic institutes are predicting gross domestic product in Germany to contract by 0.6% in 2023, …
Lack of momentum to weigh on German economic growth in 2024 – IMK institute
BERLIN (Reuters) – Germany’s economy will grow more slowly than previously expected next year due to a lack of positive momentum towards the end of …
EJ ANTONI: There’s No Economic Fact Too Big For Democrats To Ignore
EJ ANTONI: There’s No Economic Fact Too Big For Democrats To Ignore E.J. Antoni on September 24, 2023 On September 19, I testified before a …
US Treasury launches US-China economic, financial working groups
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department on Friday said it was formally launching two new U.S.-China working groups on economic and …
India says rising oil prices a concern, but economic outlook ‘bright’
NEW DELHI (Reuters) – Rising oil prices are a concern for the Indian economy but its outlook remains bright after better September monsoons and a …
New Jersey’s Economic Powerhouses: Top Industries Driving the Garden State
New Jersey might be small in size, but it’s a giant when it comes to economic diversity and dynamism. The state is home to a …