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economy

Russian economy minister sees further slowdown in inflation

May 18, 2022
Russian economy minister sees further slowdown in inflation - photo licensed by shore news network.

(Reuters) – Russia’s economy has shown resilience to Western sanctions, Economy Minister Maxim Reshetnikov said on Wednesday, expressing confidence that inflation in Russia will slow …

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ECB tells banks to buckle up as Ukraine war hits economy

May 18, 2022
Ecb tells banks to buckle up as ukraine war hits economy - photo licensed by shore news network.

FRANKFURT – The European Central Bank has told banks to buckle up and prepare for a bumpy road ahead as the Ukraine war hits the …

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Ukraine removes fuel price restrictions to increase supply – economy minister

May 17, 2022
Ukraine removes fuel price restrictions to increase supply - economy minister - photo licensed by shore news network.

KYIV – Ukraine’s government has lifted restrictions on fuel prices to enable traders to import more and make up the shortage Ukraine is experiencing after …

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China stats bureau expects economy to improve in May

May 15, 2022
China stats bureau expects economy to improve in may - photo licensed by shore news network.

BEIJING – China’s statistics bureau on Monday said it expects China’s economy to improve in May and that a recovery in consumption would quicken. China …

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Peru economy grows 3.79% in March, weighed down by mining protests

May 15, 2022
Peru economy grows 3. 79% in march, weighed down by mining protests - photo licensed by shore news network.

LIMA – Peru’s economy grew 3.79% in March compared with a year earlier, the country’s statistics agency said on Sunday, with most sectors of the …

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The Media’s New Line: Abortion Is Good For The Economy. Here’s Why That’s Wrong

May 13, 2022
The media’s new line: abortion is good for the economy. Here’s why that’s wrong - photo licensed by shore news network.

The Media’s New Line: Abortion Is Good For The Economy. Here’s Why That’s Wrong Laurel Duggan on May 12, 2022 Corporate media outlets argued that …

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Small Businesses Struggle To Survive In Biden’s Economy, Optimism Hits All-Time Low: POLL

May 13, 2022
Small businesses struggle to survive in biden’s economy, optimism hits all-time low: poll - photo licensed by shore news network.

Small Businesses Struggle To Survive In Biden’s Economy, Optimism Hits All-Time Low: POLL Thomas Catenacci on May 13, 2022 Small business owners are increasingly pessimistic …

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Thailand’s economy likely grew modestly in Q1, stung by high inflation: Reuters poll

May 12, 2022
Thailand's economy likely grew modestly in q1, stung by high inflation: reuters poll - photo licensed by shore news network.

By Arsh Tushar Mogre BENGALURU – Thailand’s economy likely grew modestly in the first quarter, thanks to robust exports and an easing of COVID-19 restrictions …

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Asked about Musk and Twitter, FTC official says some deals help economy

May 12, 2022
Asked about musk and twitter, ftc official says some deals help economy - photo licensed by shore news network.

WASHINGTON – Noah Phillips, a Republican on the U.S. Federal Trade Commission, on Thursday sidestepped a question about Elon Musk’s plan to buy Twitter but …

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China to roll out new policies when needed to support economy – party official

May 12, 2022
China to roll out new policies when needed to support economy - party official - photo licensed by shore news network.

BEIJING -China will not hesitate to introduce new policies to prop up growth, a senior Communist Party official said on Thursday, as the economy feels …

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Russia’s economy to start stabilising in ‘new equilibrium’ near year-end -central bank

May 11, 2022
Russia's economy to start stabilising in 'new equilibrium' near year-end -central bank - photo licensed by shore news network.

(Reuters) – Russia’s economy will begin stabilising in its “new equilibrium” closer to the end of this year after beginning to go through a structural …

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Russia names deputy economy minister Galkin as new statistics chief

May 11, 2022

(Reuters) – The Russian government on Wednesday appointed deputy economy minister Sergei Galkin as the new head of the Rosstat statistics service. Pavel Malkov, the …

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Japan’s economy to suffer Q1 slump on lower consumption

May 11, 2022
Japan's economy to suffer q1 slump on lower consumption - photo licensed by shore news network.

TOKYO – Japan’s economy likely contracted in the first three months of this year as the lingering fallout from the COVID-19 pandemic took a toll …

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Malaysia’s economy likely picked up pace in Q1, China slowdown a worry: Reuters poll

May 10, 2022
Malaysia's economy likely picked up pace in q1, china slowdown a worry: reuters poll - photo licensed by shore news network.

By Devayani Sathyan BENGALURU – Malaysia’s economic growth likely gathered pace in the last quarter, driven by stronger demand following a relaxation of COVID-19 measures, …

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Fed’s Mester: road ahead will be bumpy for economy in inflation fight

May 10, 2022
Fed's mester: road ahead will be bumpy for economy in inflation fight - photo licensed by shore news network.

(Reuters) – The U.S. economy will experience turbulence from the Federal Reserve’s efforts to bring down inflation running at more than three times above its …

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EBRD sees Greek economy growing at 2.9% this year

May 10, 2022
Ebrd sees greek economy growing at 2. 9% this year - photo licensed by shore news network.

ATHENS – Greece’s economy is forecast to expand by 2.9% this year with growth expected to pick up to 3.5% in 2023, helped by increased …

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U.S. Treasury sees economy still expanding in 2022 despite Q1 GDP drop

May 2, 2022

WASHINGTON – The U.S. economy is expected to continue its expansion this year despite a surprise contraction in the first quarter, the U.S. Treasury’s chief …

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German economy grew slightly in Q1, but Ukraine impact growing

April 29, 2022
German economy grew slightly in q1, but ukraine impact growing - photo licensed by shore news network.

BERLIN -The German economy grew slightly in the first quarter of this year, supported by stronger investment, but the war in Ukraine began having an …

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The Media Is Still Trying To Convince You The Economy Is Booming

April 28, 2022
The media is still trying to convince you the economy is booming - photo licensed by shore news network.

The Media Is Still Trying To Convince You The Economy Is Booming Laurel Duggan on April 28, 2022 Mainstream media outlets are pushing the narrative …

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Norway’s DNB beats Q1 profit forecast as economy reopens

April 28, 2022
Norway's dnb beats q1 profit forecast as economy reopens - photo licensed by shore news network.

OSLO – DNB, Norway’s largest bank, posted better-than-expected first-quarter earnings on Thursday, reflecting a strong Norwegian economy and a high level of activity in the …

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Japan’s factory output growth provides some relief for fragile economy

April 27, 2022
Japan's factory output growth provides some relief for fragile economy - photo licensed by shore news network.

By Daniel Leussink TOKYO -Japanese factories saw output rise for the second straight month in March as strong global demand for high-tech chips helped to …

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Column-‘Peak subscription’ a red flag for U.S. economy and markets: McGeever

April 27, 2022

By Jamie McGeever ORLANDO, Fla. – U.S. consumers appear to have online subscription and streaming fatigue, a lethargy that may be a reflection of where …

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China will promote platform economy to stabilise jobs, cabinet says

April 27, 2022
China will promote platform economy to stabilise jobs, cabinet says - photo licensed by shore news network.

BEIJING – China will promote the development of its platform economy to create more jobs, the State Council, the country’s cabinet, said on Wednesday according …

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Russia’s GDP decline could hit 12.4% this year, economy ministry document shows

April 27, 2022
Russia's gdp decline could hit 12. 4% this year, economy ministry document shows - photo licensed by shore news network.

(Reuters) -Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an …

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Mexico’s economy likely grew 1.1% in first quarter – Reuters poll

April 25, 2022
Mexico's economy likely grew 1. 1% in first quarter - reuters poll - photo licensed by shore news network.

MEXICO CITY – Mexico’s economy is thought to have expanded between January and March for the first time in three quarters, driven by domestic consumption …

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German economy appears resilient after Ukraine war shock -Ifo economist

April 25, 2022
German economy appears resilient after ukraine war shock -ifo economist - photo licensed by shore news network.

BERLIN – Germany’s economy appears resilient after the first shock following the war in Ukraine, said Ifo economist Klaus Wohlrabe, who added there was no …

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Yellen says U.S. economy being ‘resilient’, no recession in sight

April 22, 2022
Yellen says u. S. Economy being 'resilient', no recession in sight - photo licensed by shore news network.

WASHINGTON – U.S. Treasury Secretary Janet Yellen on Friday said the U.S. economy was proving “very resilient” in the face of a series of shocks, …

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Brazil’s economy stagnant, growth freeze to continue in 2023

April 22, 2022
Brazil's economy stagnant, growth freeze to continue in 2023 - photo licensed by shore news network.

By Gabriel Burin BUENOS AIRES – Brazil’s economy has entered a phase of stagnation that will persist next year as unrelenting inflation curtails consumer spending …

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Analysis-Peru’s Castillo hardens stance on mining protests as economy stumbles

April 21, 2022
Analysis-peru's castillo hardens stance on mining protests as economy stumbles - photo licensed by shore news network.

By Marcelo Rochabrun LIMA – Peru’s leftist President Pedro Castillo has signaled a tougher stance on protests against mining companies that are roiling the Andean …

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Japan April report raises view on consumption, economy, despite inflationary pressures

April 21, 2022
Japan april report raises view on consumption, economy, despite inflationary pressures - photo licensed by shore news network.

TOKYO – Japan’s government upgraded its view of the economy for the first time in four months in April as authorities turned more optimistic about …

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Russia to spend over $32.3 billion to support economy under sanctions

April 19, 2022
Russia to spend over $32. 3 billion to support economy under sanctions - photo licensed by shore news network.

(Reuters) – Russia plans to spend over 2.5 trillion roubles ($32.3 billion) on supporting its economy that has been targeted by unprecedented western sanctions, Finance …

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IMF official says split into competing systems would be ‘disaster’ for global economy

April 19, 2022
Imf official says split into competing systems would be 'disaster' for global economy - photo licensed by shore news network.

WASHINGTON – The world is on a path to a more multipolar world given the rise of emerging markets in the global economy, but it …

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JPMorgan Stashing Away Hundreds Of Millions In Fear Of ‘Powerful Forces’ Shaking US Economy

April 14, 2022
Jpmorgan stashing away hundreds of millions in fear of ‘powerful forces’ shaking us economy - photo licensed by shore news network.

JPMorgan Stashing Away Hundreds Of Millions In Fear Of ‘Powerful Forces’ Shaking US Economy Harry Wilmerding on April 14, 2022 JPMorgan Chase stashed away hundreds …

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Reducing inequality, hiking minimum wage could boost U.S. economy -White House

April 14, 2022
Reducing inequality, hiking minimum wage could boost u. S. Economy -white house - photo licensed by shore news network.

By Andrea Shalal WASHINGTON – Boosting enforcement of antidiscrimination and antitrust laws, raising the federal mininum wage and higher unionization rates could substantially boost U.S. …

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Outlook for Afghan economy ‘dire’ as household incomes shrink – World Bank

April 13, 2022
Outlook for afghan economy 'dire' as household incomes shrink - world bank - photo licensed by shore news network.

(Reuters) – The outlook for Afghanistan’s economy is dire with per capita income having fallen by over a third in the last four months of …

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Russia can boost economy by $97 billion without inflationary risks, official says

April 13, 2022
Russia can boost economy by $97 billion without inflationary risks, official says - photo licensed by shore news network.

(Reuters) – Russia can boost its economy by 7-8 trillion roubles ($85-97 billion) without stoking significant inflationary risks, a senior official said on Wednesday, as …

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U.S. power use to rise in 2022 as economy continues to grow -EIA

April 12, 2022
U. S. Power use to rise in 2022 as economy continues to grow -eia - photo licensed by shore news network.

(Reuters) – U.S. power consumption will rise in 2022 and 2023 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short …

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Beaten-down growth stocks alluring as Fed slows U.S. economy

April 8, 2022
Beaten-down growth stocks alluring as fed slows u. S. Economy - photo licensed by shore news network.

By David Randall NEW YORK – Some investors are looking for bargains in beaten-down growth and tech stocks, betting they will shine as the Federal …

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China will step up policy support for the economy – state media

April 8, 2022
China will step up policy support for the economy - state media - photo licensed by shore news network.

BEIJING – China will step up policy measures in timely way to support the economy while studying new stimulus plans, state media on Friday quoted …

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Chile announces $3.7 billion recovery plan to aid struggling economy

April 7, 2022
Chile announces $3. 7 billion recovery plan to aid struggling economy - photo licensed by shore news network.

SANTIAGO – Chile’s President Gabriel Boric announced on Thursday a $3.7 billion economic recovery plan that includes a hike in the minimum wage, subsidies and …

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Brazil real to keep close to pre-pandemic levels despite feeble economy: Reuters poll

April 7, 2022
Brazil real to keep close to pre-pandemic levels despite feeble economy: reuters poll - photo licensed by shore news network.

By Gabriel Burin BUENOS AIRES – Brazil’s real will keep trading close to its pre-pandemic levels in coming weeks, still riding a wave of positive …

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Does Anyone Actually Believe The Fed Can Tame Inflation Without Tanking The Economy?

April 6, 2022
Does anyone actually believe the fed can tame inflation without tanking the economy? - photo licensed by shore news network.

Does Anyone Actually Believe The Fed Can Tame Inflation Without Tanking The Economy? Harry Wilmerding on April 6, 2022 Leading economists and financial institutions said …

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China’s cabinet flags more measures to support economy

April 6, 2022
China's cabinet flags more measures to support economy - photo licensed by shore news network.

BEIJING – China’s cabinet on Wednesday held out the prospect of more measures to support an economy under pressure from a slowing global recovery, volatile …

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‘Relic Of The Past’: Democrats Cheer Biden’s Fuel Economy Standards That Will Make Cars More Expensive

April 5, 2022April 5, 2022
‘relic of the past’: democrats cheer biden’s fuel economy standards that will make cars more expensive - photo licensed by shore news network.

‘Relic Of The Past’: Democrats Cheer Biden’s Fuel Economy Standards That Will Make Cars More Expensive Thomas Catenacci on April 5, 2022 President Joe Biden’s …

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‘Challenges At Every Turn’: Billionaire CEO Warns Of Massive Risks For US Economy

April 4, 2022
‘challenges at every turn’: billionaire ceo warns of massive risks for us economy - photo licensed by shore news network.

‘Challenges At Every Turn’: Billionaire CEO Warns Of Massive Risks For US Economy Harry Wilmerding on April 4, 2022 JPMorgan Chase chief executive officer Jamie …

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Williams: Must watch how economy responds as it presses toward neutral rate

April 2, 2022
Williams: must watch how economy responds as it presses toward neutral rate - photo licensed by shore news network.

WASHINGTON – The Federal Reserve will need to keep a careful eye on how the economy reacts as it raises interest rates, and scale the …

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Ukraine’s economy could contract 40% in 2022, ministry says

April 2, 2022
Ukraine's economy could contract 40% in 2022, ministry says - photo licensed by shore news network.

(Reuters) – Ukraine’s economy shrank 16% year-on-year in the first quarter of this year and could contract 40% in 2022 as a result of Russia’s …

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Mexican economy seen growing 3.4% in 2022, says finance ministry

April 1, 2022
Mexican economy seen growing 3. 4% in 2022, says finance ministry - photo licensed by shore news network.

(Reuters) – Mexico’s government forecast economic growth of 3.4% for 2022, far below what the nation’s President was aiming for, a finance ministry document showed …

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IMF sees Greek economy growing at slower pace due to Ukraine

April 1, 2022
Imf sees greek economy growing at slower pace due to ukraine - photo licensed by shore news network.

By Lefteris Papadimas ATHENS – Greece’s economy is expected to expand 3.5% this year due to higher energy prices and the Ukraine crisis, the International …

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Swedish govt sees economy slowing this year amid high inflation

April 1, 2022
Swedish govt sees economy slowing this year amid high inflation - photo licensed by shore news network.

STOCKHOLM – Sweden’s economy will slow this year with headline inflation expected to run at its highest level since the early 1990s, the government said …

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