Massive Layoffs At Major New Jersey Corporations a Bad Look for Governor Murphy, Economy Touting Dems
TRENTON, N.J. — Thousands of jobs across New Jersey are set to be eliminated, according to Worker Adjustment and Retraining Notification (WARN) notices filed by major employers in the state. The layoffs,…
Analysis-Sterling’s star may fade as focus shifts to squeeze on UK economy
By Naomi Rovnick LONDON (Reuters) -It’s the best performing currency this year in the G10 group of advanced economies against the dollar. But sterling’s strengthening streak is about to be put to…
Europe needs to steer its own trade agenda, German economy minister says
BERLIN (Reuters) – With China and the U.S. fixated on each other, Europe is at risk of being paralysed in between and needs to steer its own agenda, German Economy Minister Robert…
Turkey’s economy faces ‘lost year’ no matter who wins election, insiders say
By Orhan Coskun ANKARA (Reuters) – Turkey’s economy is bracing for a “lost year” no matter who wins landmark elections on Sunday, political insiders say, even if the opposition pledges to tear…
Fed’s Jefferson says economy slowing in “orderly” manner
WASHINGTON (Reuters) – The U.S. economy is slowing in an “orderly fashion” that should allow inflation to decline even as growth continues, Fed Governor Philip Jefferson said on Tuesday. “The economy has…
Japan’s spending downturn, wages decline heighten pressure on economy
By Kantaro Komiya TOKYO (Reuters) – Japan’s consumer spending unexpectedly fell in March at the fastest rate in a year, while real wages marked a twelfth month of decline on persistent inflation,…
Putin’s ‘War Economy’ Is Still Fueled By Oil Despite US Sanctions, Experts Say
Putin’s ‘War Economy’ Is Still Fueled By Oil Despite US Sanctions, Experts Say John Hugh DeMastri on May 7, 2023 U.S.-led sanctions targeting the Russian energy sector have failed to stall production…
ALFREDO ORTIZ: Biden’s Economy Hurtles Toward Recession With Latest Jobs Report
ALFREDO ORTIZ: Biden’s Economy Hurtles Toward Recession With Latest Jobs Report Alfredo Ortiz on May 5, 2023 Today’s jobs report shows the downward slide of the labor market continues, with the number…
US Treasury’s top international official heads to Europe, Asia for talks on economy
WASHINGTON (Reuters) – The U.S. Treasury Department’s top international official is heading to Europe and Asia this week for talks on current macroeconomic trends and events, and a G7 finance officials meeting,…
Sudan conflict deals new blow to stagnant economy
By Khalid Abdelaziz, Sarah El Safty and Nafisa Eltahir KHARTOUM/CAIRO (Reuters) – The conflict shaking Sudan has dealt a crippling blow to the heart of the country’s economy in the capital Khartoum,…
Russian economy shrank estimated 2.2% y/y in Q1 – economy ministry
(Reuters) – Russia’s economy contracted by 2.2% in the first quarter of 2023 in annual terms, the economy ministry estimated on Wednesday, down from growth of 3% in the same period last…
Indonesia economy likely grew 4.95% on year in Q1, contracted vs quarter: Reuters poll
By Sujith Pai BENGALURU (Reuters) – Indonesian annual economic growth likely slowed to its weakest in more than a year in January-March and shrank on a quarterly basis as lower commodity prices…
Russia to keep rates on hold in 2023 as economy grows marginally – Reuters poll
By Alexander Marrow and Elena Fabrichnaya (Reuters) – Russia will keep interest rates on hold at 7.5% in 2023 as inflation ends the year above target and the economy grows marginally, a…
BOJ chief upbeat on Asia’s economy, points to bank resilience
By Leika Kihara INCHEON, South Korea (Reuters) – Bank of Japan Governor Kazuo Ueda said on Tuesday the downside risks to Asia’s economy were smaller than those to other parts of the…
Japan Economy Minister Goto urges US banks, regulators to tackle liquidity risks
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) -Banking sector problems in the United States and Europe were caused by liquidity and interest rates risks, but won’t impact on Japan’s economy and…
South Korea finance minister: South Korea, Japan, China cooperation more important as world economy at inflection point
INCHEON, South Korea (Reuters) – South Korea’s finance minister said on Tuesday that the trilateral cooperation between South Korea, Japan and China has became more important as the global economy stands at…
Canada’s economy slowed in February, backing up pause on rates
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -The Canadian economy grew less than expected in February from the previous month and is seen shrinking in March, data showed on Friday, figures…
High inflation still top concern for global economy, say economists: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Persistently high inflation remains the biggest economic concern this year even as most central banks are at or near the end-game for rate rises, according to…
‘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 a dismal…
White House’s Sullivan: US not looking to decouple from China economy
WASHINGTON (Reuters) – White House national security adviser Jake Sullivan said on Thursday the United States is not looking to decouple its economy from the Chinese economy, saying, “We’re not cutting off…
Egypt’s economy seen growing 4% this fiscal year as currency weakens- Reuters poll
By Patrick Werr CAIRO (Reuters) – Egypt’s economy will grow 4.0% this fiscal year and 4.5% next even as it endures a continuing depreciation in its currency, a Reuters poll showed on…
Explainer-Biden 2024: His record so far on the economy, immigration, civil rights
By Jeff Mason, Trevor Hunnicutt and Andrea Shalal WASHINGTON (Reuters) – Incumbent President Joe Biden entered the 2024 election race on Tuesday with something he didn’t have two-and-a-half years ago: a record…
German economy likely grew in Q1, beating expectations – Bundesbank
FRANKFURT (Reuters) – The German economy is likely to have expanded in the last quarter on a rebound in industrial production, the Bundesbank said in a monthly report on Monday, revising its…
Argentina’s economy teeters on the edge of deeper crisis as market anxiety grows- Reuters Poll
By Gabriel Burin BUENOS AIRES (Reuters) – Argentina’s economy will teeter on the edge of a deeper crisis in the run up to October’s presidential vote as growing market anxiety adds to…
UK economy shows signs of recovery despite inflation’s drag
By Suban Abdulla and William Schomberg LONDON (Reuters) -British businesses reported their busiest month in a year and consumers turned more confident, according to surveys published on Friday that added to signs…
Russia watching for new Western sanctions, says they would hit world economy
(Reuters) – The Kremlin said on Friday it was monitoring reports of a possible ban on exports to Russia by Western countries, and that new sanctions would damage the global economy. “We…
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