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 signalled that political tensions will …
Economic
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Goldman Sachs cuts 2023 euro zone growth forecast following weaker economic data
by Reutersby Reuters(Reuters) – Goldman Sachs cut its 2023 growth forecast for the euro zone, following weaker economic activity data. Economists led by Sven Jari Stehn said on Tuesday they now expect …
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‘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 global ID and hopes for …
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US, Vietnam to hold regular economic talks, explore technical partnership
by Reutersby ReutersBy Andrea Shalal WASHINGTON (Reuters) – The United States and Vietnam on Thursday said they had agreed to hold regular, senior staff-level talks on macroeconomic policies and efforts to maintain …
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South Korea annual economic growth likely slowed slightly in Q2 – Reuters poll
by Reutersby ReutersBy Anant Chandak BENGALURU (Reuters) – South Korea’s economic growth likely slowed a bit last quarter as languishing exports and high interest rates hurt private consumption that accounts for about …
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China keeps lending benchmarks unchanged; economic weakness tests policymakers
by Reutersby ReutersSHANGHAI/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 as signs of a faltering …
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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 recover from the COVID-19 pandemic, …
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Brazil’s economic activity surprises negatively with 2% decline in May
by Reutersby ReutersBRASILIA (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, even as analysts have been …
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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 that Beijing needs to unveil …
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China central bank to use tools such as RRR to tackle economic woes
by Reutersby ReutersBy 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 the challenges facing the world’s …
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Iran signs economic agreements with Zimbabwe as Raisi ends Africa tour
by Reutersby ReutersBy Nyasha Chingono HARARE (Reuters) – Zimbabwe and Iran signed 12 memorandums of understanding on Thursday to strengthen bilateral ties, as Iranian President Ebrahim Raisi wrapped up his three-nation African …
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Argentina’s economic woes spark ‘supermarket tourism’ from neighbors
by Reutersby ReutersBy Horacio Soria and Lucinda Elliott MONTEVIDEO (Reuters) – Uruguayans are crossing into Argentina to shop for cheap food and fuel in their economic crisis-hit neighbor, but the trend is …
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White House economic official Brainard: inflation on moderating path
by Reutersby Reuters(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 without a surge in unemployment …
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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, revising its forecast down from …
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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 Israel’s attempts to offer stabilizing …
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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 plans Wednesday to invest up …
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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 trading at its strongest point …
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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 in Beijing on Thursday on …
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Brazil real to take near-term support from improving economic outlook: Reuters Poll
by Reutersby ReutersBy Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s currency will likely enjoy some support in the near term from faster economic growth and progress on reforms, despite the prospect of …
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Analysis-A year later, Sri Lanka’s tentative economic recovery eludes the poor
by Reutersby ReutersBy Uditha Jayasinghe COLOMBO (Reuters) – A year after angry Sri Lankans stormed the president’s residence and forced his ouster during a meltdown of the economy, the island’s streets are …
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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 faced by the world’s largest …
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(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, while China’s policy measures to …
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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 is in a state of …
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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 economic activity stemming from a …
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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 Jared Bernstein claimed Wednesday that …