Moody’s sees negative economic consequences of Israel’s judicial upheaval
By Steven Scheer JERUSALEM (Reuters) – Moody’s Investors Service said on Tuesday that passage of a new law in Israel limiting some Supreme Court powers …
Economic
Goldman Sachs cuts 2023 euro zone growth forecast following weaker economic data
(Reuters) – Goldman Sachs cut its 2023 growth forecast for the euro zone, following weaker economic activity data. Economists led by Sven Jari Stehn said …
‘Massive Economic Implications’: Tech Titan Launches Digital Currency Featuring Global ID
‘Massive Economic Implications’: Tech Titan Launches Digital Currency Featuring Global ID Jason Cohen on July 24, 2023 OpenAI CEO Sam Altman’s cryptocurrency initiative featuring a …
US, Vietnam to hold regular economic talks, explore technical partnership
By Andrea Shalal WASHINGTON (Reuters) – The United States and Vietnam on Thursday said they had agreed to hold regular, senior staff-level talks on macroeconomic …
South Korea annual economic growth likely slowed slightly in Q2 – Reuters poll
By Anant Chandak BENGALURU (Reuters) – South Korea’s economic growth likely slowed a bit last quarter as languishing exports and high interest rates hurt private …
China keeps lending benchmarks unchanged; economic weakness tests policymakers
SHANGHAI/SINGAPORE (Reuters) -China left its lending benchmarks unchanged on Thursday, after the central bank stood pat on a key policy rate earlier this week even …
China’s Economic Turmoil Could Raise Prices For The Average American, Experts Say
China’s Economic Turmoil Could Raise Prices For The Average American, Experts Say Will Kessler on July 19, 2023 China’s economy is struggling after failing to …
Brazil’s economic activity surprises negatively with 2% decline in May
BRASILIA (Reuters) – Economic activity in Brazil declined in May, showed a central bank index on Monday, signaling a non-linear trajectory for the country’s growth, …
China economic data likely to show recovery is fading quickly
BEIJING (Reuters) – A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations …
China central bank to use tools such as RRR to tackle economic woes
By Kevin Yao BEIJING (Reuters) -China’s central bank will use policy tools such as the reserve requirement ratio (RRR) and medium-term lending facility to weather …
Iran signs economic agreements with Zimbabwe as Raisi ends Africa tour
By Nyasha Chingono HARARE (Reuters) – Zimbabwe and Iran signed 12 memorandums of understanding on Thursday to strengthen bilateral ties, as Iranian President Ebrahim Raisi …
Argentina’s economic woes spark ‘supermarket tourism’ from neighbors
By Horacio Soria and Lucinda Elliott MONTEVIDEO (Reuters) – Uruguayans are crossing into Argentina to shop for cheap food and fuel in their economic crisis-hit …
White House economic official Brainard: inflation on moderating path
(Reuters) – National Economic Council Director Lael Brainard on Wednesday said the latest U.S. economic data shows that upward price pressures can and are receding …
Chile govt lowers forecast for 2023 economic growth
SANTIAGO (Reuters) – Chile’s government now expects gross domestic product (GDP) to grow 0.2% in 2023, Finance Minister Mario Marcel told the Senate on Wednesday, …
Palestinian Government Rejects Israel’s Offer Of Security And Economic Aid To Prevent Collapse
Palestinian Government Rejects Israel’s Offer Of Security And Economic Aid To Prevent Collapse Kate Anderson on July 10, 2023 The Palestinian Authority (PA) resoundingly rejected …
Biden’s Billion Dollar Hydrogen Program Makes No ‘Economic Or Common Sense,’ Industry Experts Say
Biden’s Billion Dollar Hydrogen Program Makes No ‘Economic Or Common Sense,’ Industry Experts Say John Hugh DeMastri on July 6, 2023 The Biden administration announced …
US Dollar At Weakest Level Against Peso In Eight Years As Biden Touts Economic Success
US Dollar At Weakest Level Against Peso In Eight Years As Biden Touts Economic Success Jack Applewhite on July 6, 2023 Mexico’s peso is currently …
Janet Yellen Lands In Beijing For Economic Talks Amid Simmering China Tensions
Janet Yellen Lands In Beijing For Economic Talks Amid Simmering China Tensions Jake Smith on July 6, 2023 Biden Administration Treasury Secretary Janet Yellen landed …
Brazil real to take near-term support from improving economic outlook: Reuters Poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s currency will likely enjoy some support in the near term from faster economic growth and progress on …
Analysis-A year later, Sri Lanka’s tentative economic recovery eludes the poor
By Uditha Jayasinghe COLOMBO (Reuters) – A year after angry Sri Lankans stormed the president’s residence and forced his ouster during a meltdown of the …
Chile’s economic activity index down 2% in May
SANTIAGO (Reuters) – Chile’s economic activity index fell for the fourth consecutive month in May, the central bank said on Monday, underscoring the economic headwinds …
Global equity funds draw inflows on economic growth hopes
(Reuters) – Global investors turned net buyers of equity funds in the week to June 28 as solid economic readings fuelled hopes of U.S. growth, …
Majority Of Americans Believe Country Is In A Cultural, Economic Breakdown: POLL
Majority Of Americans Believe Country Is In A Cultural, Economic Breakdown: POLL Jake Smith on June 29, 2023 The majority of Americans believe the country …
Mexico’s economic outlook uncertain, say finance officials
MEXICO CITY (Reuters) – Mexico’s financial system stability committee described the country’s economic outlook as uncertain on Thursday, citing persistent risks of further weakening of …
WH Economic Adviser Claims ‘Bidenomics’ Is Actually Incredibly Popular Despite Rock-Bottom Polling
WH Economic Adviser Claims ‘Bidenomics’ Is Actually Incredibly Popular Despite Rock-Bottom Polling Harold Hutchison on June 28, 2023 Chairman of the Council of Economic Advisors …
Costa Rica unlocks $519 million from IMF for economic reform, climate programs
(Reuters) – Costa Rica has unlocked a total of around $519 million for its economic reform program and a climate and sustainability program, the International …
World Bank approves $700 million for Mexico to boost women’s economic opportunities
MEXICO CITY (Reuters) – The World Bank said it had approved on Friday a $700 million operation for Mexico to promote public policies to create …
Biden to deliver major economic address in Chicago next week
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden will deliver what his aides are billing as a major economic policy speech on Wednesday, …
Brexit an ‘economic disaster’ for UK and German trade – DIHK
BERLIN (Reuters) – Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in …
France’s Le Maire sticks to 2023 economic growth forecast for now
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Tuesday he was sticking for now with the government’s forecast of 1% economic growth …
EU launches debate on economic security with eye on China
By Philip Blenkinsop BRUSSELS (Reuters) -The European Union executive presented on Tuesday its economic security plan which seeks to convince the bloc’s 27 states to …
IMF sees Honduran economic growth slowing to about 3% in 2023
TEGUCIGALPA (Reuters) – Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on …
NY Fed in-house forecasts points to better economic outlook for U.S
By Michael S. Derby NEW YORK (Reuters) – The New York Fed’s in-house economic forecasting model is predicting a notably brighter economic future for the …
Putin thanks UAE leader for Ukraine help, hails growing economic ties
By Andrew Osborn (Reuters) – Russian President Vladimir Putin on Friday thanked the president of the United Arab Emirates for his efforts in freeing prisoners …
German econ ministry sees moderate economic recovery in 2023
BERLIN (Reuters) – The German Economy Ministry said on Wednesday it expects a moderate economic recovery over the further course of year, citing easing price …
Uruguay’s Lacalle Pou, Biden discussed ways to expand economic ties
WASHINGTON (Reuters) – Uruguay President Luis Lacalle Pou met with U.S. President Joe Biden on Tuesday, and the two leaders explored ways to expand bilateral …
Saudi Prince Threatened ‘Major Economic Consequences’ After Biden Spat: REPORT
Saudi Prince Threatened ‘Major Economic Consequences’ After Biden Spat: REPORT Nick Pope on June 9, 2023 A leaked intelligence document reveals that Saudi Arabian Crown …
Brazil’s Lula approval rating dips despite better economic news
BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva, who left office with record popularity in 2010, is not doing so well in his …
With eye on China, US and five allies condemn trade-related ‘economic coercion’
By Jeff Mason WASHINGTON (Reuters) – The United States and five of its allies on Friday condemned the use of trade practices that amount to …
Biden Wants To Give Power Over Defense Contracts To Climate Activist ‘Cabal’ Bent On Curtailing Economic Growth
Biden Wants To Give Power Over Defense Contracts To Climate Activist ‘Cabal’ Bent On Curtailing Economic Growth Micaela Burrow on June 6, 2023 The Biden …
An Economic Ticking Time Bomb Could Go Off In The Middle Of The 2024 Election
An Economic Ticking Time Bomb Could Go Off In The Middle Of The 2024 Election Laurel Duggan on June 5, 2023 About $1.5 trillion in …
‘A Huge Mistake’: Former Trump Official Says ‘Too Much Woke,’ Lack Of ‘Economic Agenda’ Hurting DeSantis
‘A Huge Mistake’: Former Trump Official Says ‘Too Much Woke,’ Lack Of ‘Economic Agenda’ Hurting DeSantis Harold Hutchison on June 2, 2023 Fox Business host …
Fearing Economic ‘Slowdown,’ Oil Drillers Just Shut Down The Most Rigs In Any Week Since 2021
Fearing Economic ‘Slowdown,’ Oil Drillers Just Shut Down The Most Rigs In Any Week Since 2021 John Hugh DeMastri on June 2, 2023 Oil drillers …
JPMorgan president says loan demand declining, US economic slowdown weighs
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s President and Chief Operating Officer Daniel Pinto said loan demand is …
Analysis-China’s yuan may slip further to aid economic recovery – analysts
By Winni Zhou, Brenda Goh and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s yuan has skidded to six-month lows against the dollar and analysts say it …
IMF deputy urges Sri Lanka to keep up momentum on economic reforms
WASHINGTON (Reuters) – Sri Lanka is showing a “strong commitment” to implementing economic reforms but must continue this momentum amid a challenging economic environment, International …
Investment more than consumption leading India’s economic growth – economists
By Ira Dugal MUMBAI (Reuters) – A surge in investments that offset sluggish consumption to boost India’s growth in 2022-23 is expected to power the …
Economic fears to cap oil prices below $90 through 2023: Reuters poll
By Kavya Guduru (Reuters) – Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds …
Analysis-Investors’ hopes for Turkey’s economic future ride on new cabinet picks
By Karin Strohecker and Libby George LONDON (Reuters) – The top policymaker picks of Turkey’s re-elected president Tayyip Erdogan are taking centre stage as markets …
Economic development in Asia still faces many challenges, China minister says
BEIJING (Reuters) – Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China’s commerce minister Wang Wentao said. Wang made the …