WASHINGTON (Reuters) – Treasury Secretary Janet Yellen spoke about the U.S. economy’s resilience in the face of global headwinds in a meeting Friday with International Monetary Fund (IMF) Managing Director …
Economic
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Business News
After inauguration fanfare, immense economic challenges await Nigeria’s Tinubu
by Reutersby ReutersBy MacDonald Dzirutwe and Libby George LAGOS (Reuters) – Nigeria’s incoming President Bola Tinubu will inherit anaemic economic growth, record debt and shrinking oil output, but before he can start …
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HAVANA (Reuters) – There is no quick fix for Cuba’s sputtering economy, its economy minister said on Thursday, as inflation, fuel shortages, plunging farm production and a cash crunch drag …
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BEIJING (Reuters) – April sales of Chinese lottery tickets jumped to their highest in a decade, data showed on Wednesday, with economists saying young people in particular were keener to …
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Business News
Factbox-Excerpts from G7 leaders’ statement on economic coercion
by Reutersby Reuters(Reuters) – Leaders of the Group of Seven (G7) agreed on Saturday to establish an initiative to counter economic “coercion”, pledging to take steps to ensure that any actors attempting …
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TOKYO (Reuters) – Group of Seven leaders on Saturday agreed to a new initiative to counter economic coercion, and pledged action to ensure that any actors attempting to weaponise economic …
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Argentina raises economic defenses against inflation ‘onslaught’
by Reutersby ReutersBy Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s government is bolstering its economic defenses as it battles runaway inflation that hit 109% in April, fast draining central bank foreign currency …
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China central bank to keep liquidity ample, support economic recovery
by Reutersby ReutersBEIJING (Reuters) – China’s central bank said on Monday it would keep liquidity reasonably ample and interest rates reasonable and appropriate, focusing on supporting domestic demand amid uncertainties. The People’s …
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Yellen says G7 members looking at how to counter China’s ‘economic coercion’
by Reutersby ReutersBy Andrea Shalal NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said many members of the Group of Seven advanced economies shared U.S. concerns about China’s use …
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Brazil’s Haddad raises concerns about economic situation, drought in Argentina
by Reutersby ReutersBy Andrea Shalal NIIGATA, Japan (Reuters) – Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina’s economic challenges and a major drought there could affect the country’s …
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PARIS/BEIJING (Reuters) – French Foreign Minister Catherine Colonna and her Chinese counterpart Qin Gang agreed on the need to “develop an economic relationship that is both stronger and more balanced”, …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
Americans’ Trust In Economic Authorities Plummets, Poll Finds
Americans’ Trust In Economic Authorities Plummets, Poll Finds Jason Cohen on May 9, 2023 Americans lack faith in their country’s main economic authorities, according to a Gallup poll published Tuesday. …
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US and World News
Facebook is wrong to say news lacks economic value, says Canada PM Trudeau
by Reutersby ReutersBy Ismail Shakil OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday said Meta Platforms Inc’s opposition to proposed legislation that would compel payment by its Facebook unit and …
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Business News
Chile peso to hold stable as economic and political worries fade: Reuters poll
by Reutersby ReutersBy Gabriel Burin BUENOS AIRES (Reuters) – The Chilean peso is set for a period of stability as economic and political worries continue to fade, validating the central bank’s decision …
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By Tristan Veyet (Reuters) -Deutsche Post suffered a slump in first-quarter operating profit amid deteriorating macroeconomic conditions, it reported on Wednesday, a day before its new chief executive takes the …
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Business News
Putin: Russia must act quickly in face of West’s ‘economic aggression’
by Reutersby ReutersMOSCOW (Reuters) – President Vladimir Putin on Friday said Russia needed to act quickly to counter what he called the West’s “economic aggression”, adding Moscow would expand ties with countries …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
US Economic Growth Slows To A Crawl
US Economic Growth Slows To A Crawl Jason Cohen on April 27, 2023 The U.S. economy slowed to a 1.1% annual growth rate in the first quarter of 2023, according …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
‘The US Economy Is Unwell’: Wall Street Bigwigs Pour Cold Water On Biden’s Economic Optimism
‘The US Economy Is Unwell’: Wall Street Bigwigs Pour Cold Water On Biden’s Economic Optimism Jason Cohen on April 27, 2023 President Joe Biden expressed hopefulness about the economy following …
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By Kevin Buckland TOKYO (Reuters) – The euro hovered near a one-year high versus the dollar on Thursday, as Europe’s resilient economy contrasted with banking contagion risks in the United …
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Business News
U.S. and South Korea agreed to boost economic partnerships in chips, EVs, batteries
by Reutersby ReutersWASHINGTON (Reuters) – South Korea and the U.S. agreed to boost economic partnerships in critical technology industries such as microchips, electric vehicles and batteries, said South Korean President Yoon Suk …
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Business News
Philippines sticks to its 5-year GDP growth targets on economic momentum
by Reutersby ReutersBy Neil Jerome Morales MANILA (Reuters) – The Philippines on Monday maintained its economic growth targets over the next five years, citing momentum from increased domestic demand and better labour …
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By Leika Kihara TOKYO (Reuters) – The Bank of Japan maintained its upbeat economic assessment for most regions on Thursday, saying wage hikes were broadening, underscoring its conviction that the …
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US and World News
Biden’s approval rating edges lower amid economic concerns – Reuters/Ipsos poll
by Reutersby ReutersBy Jason Lange WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval fell to 39% this month, nearing the lowest level of his presidency, as the U.S. economy showed signs …
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Business News
Yellen to lay out U.S. economic priorities on China in Thursday speech
by Reutersby ReutersWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday will lay out the Biden administration’s principal objectives for the U.S.-China economic relationship in a speech in Washington, the Treasury …
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Business News
China fiscal revenue turns higher in March on recovering economic activity
by Reutersby ReutersBEIJING (Reuters) – China’s fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned …