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,…
Hong Kong economy expected to grow 2.0%-3.5% in 2022- finance sec
HONG KONG – Hong Kong’s economy is expected to grow 2.0% to 3.5% this year after expanding 6.4% in 2021, as social restrictions to tackle a growing COVID-19 outbreak are expected to…
Fundraising by Chinese private funds dives, slowing economy takes toll
SHANGHAI – Money raised by newly-launched private funds in China plunged 44% in January from a month earlier, latest official data showed, adding to evidence of rapidly-shrinking risk appetite amid a slowing…
Digital, circular economy can earn Thailand $3.4 billion a year extra – World Bank
BANGKOK – Digital and disruptive technologies and development of a circular economy can earn Thailand up to $3.4 billion each year in additional investments, savings and revenue, the World Bank said on…
OECD expects Mexico economy to rebound by 3rd-qtr, growing in 2023
MEXICO CITY -Economic growth in Mexico is expected to return to pre-pandemic levels by the third quarter this year, the Organisation for Economic Cooperation and Development (OECD) said on Monday. “Exports will…
German economy grows at fastest rate for six months in February -PMI
BERLIN – Improving demand for services pushed business activity across Germany’s private sector to a six-month high in February, and while manufacturing lagged due to COVID-19 infections among staff the sector also…
Italy approves 8 billion euro package to help economy, curb energy bills
By Giuseppe Fonte and Gavin Jones ROME -Italy’s government on Friday approved measures worth around 6 billion euros ($6.81 billion) to help consumers and firms hit by a rise in energy bills,…
NY Fed’s Williams says central bank can manage soft landing for economy
NEW YORK – Supply chain issues may gradually recede over time, easing some inflationary pressures and helping the Federal Reserve achieve its goal of controlling inflation without sparking a recession, New York…
Thailand’s tourism-reliant economy likely returned to growth in Q4- Reuters poll
By Vivek Mishra BENGALURU – Thailand’s economy likely returned to growth in the fourth quarter thanks to robust exports and easing of COVID-19 curbs, but the suspension of a quarantine waiver for…
Singapore keeps 2022 growth forecast as economy stays on recovery path
By Aradhana Aravindan SINGAPORE -Singapore maintained its forecast for the economy to expand 3-5% this year as the city-state’s recovery from the pandemic slump continues, although officials flagged downside risks to global…
Peru economy likely to have exceeded pre-pandemic levels -cenbank
LIMA – Peru’s economy is expected to have stayed above pre-pandemic levels in December and January, due to the recovery of internal demand and a record in exports, despite lower mining output…
Mexico economy minister sees 2022 growth slowing to 2.5%
MEXICO CITY – Mexican Economy Minister Tatiana Clouthier said on Monday the country’s economy was likely to grow about 2.5% this year after being hit by the Omicron wave of the coronavirus…
Explainer-Ukraine: clouds on the horizon for Europe’s economy
– European Central Bank President Christine Lagarde has warned of “geopolitical clouds” over the European economy due to possible fall-out from further escalation of tensions between Russia and the West over Ukraine.…
Canada’s economy recovered to pre-pandemic levels in Nov, Dec seen flat
By Julie Gordon OTTAWA -Canada’s economy climbed to above pre-pandemic levels for the first time in November, bolstering a strong fourth quarter even as activity stagnated in December with the emergence of…
Ukraine Warns West’s ‘Panic’ Over Russian Invasion Could Sink Its Economy
Ukrainian President Volodymyr Zelensky warned the West that its “panic” over Russia potentially invading his country risked hurting its economy, BBC News reported. “There are signals even from respected leaders of states,…
Myanmar economy to remain ‘severely tested’ by coup fallout – World Bank
– Myanmar’s economy will remain critically weak for much of 2022 and will be “severely tested” by the impacts of a coup a year ago, but there are recent signs of stabilisation…
Fed’s matchmaker fear: Flatlining economy meets higher interest rates
By Howard Schneider WASHINGTON – The Federal Reserve plans to raise interest rates in March on the assumption the U.S. economy will largely steer clear of fallout from the Omicron variant of…
Mexico’s economy likely entered recession in fourth quarter: Reuters poll
By Miguel Gutierrez and Gabriel Burin MEXICO CITY – Mexico’s economy likely contracted in the last three months of 2021, in what would mark a second straight quarter of negative growth and…
Dial down the Russian war talk to save our economy, Ukraine tells West
By Natalia Zinets and Matthias Williams KYIV – Ukraine’s president wants weapons and loans at a time of problems with Moscow. But one thing he does not want from the West is…
US Economy Grew Faster Than Expected At The End Of 2021
The U.S. economy grew at a faster rate than was anticipated pace in the fourth quarter of 2021, benefiting from solid consumer demand before the slowdown caused by the Omicron coronavirus variant…
Mexicans chafe over struggling economy and surging inflation
By Ana Isabel Martinez MEXICO CITY – Miguel Alejo does not know how inflation is measured or what makes a recession. But at the Mexico City food market where he has worked…
U.S. banks look forward to ‘bread-and-butter’ growth as economy rebounds
By David Henry NEW YORK – U.S. banks will enjoy stronger growth this year from their “bread-and-butter” business of taking deposits and lending money as the U.S. economy expands and the Federal…
Japan’s border crackdown leaves students in limbo and economy in a pinch
By Rocky Swift and Elaine Lies TOKYO – Two years after Japan locked down its borders to block the coronavirus, some 150,000 foreign students still aren’t able to enter the country, left…
Mexican economy inches forward in November from October
MEXICO CITY – Mexican economic activity advanced by 0.3% in November from October, official data showed on Tuesday, tapering somewhat the risk that Latin America’s no. 2 economy fell into recession in…
White House: Biden does not look at stock market to judge economy
WASHINGTON – U.S. President Joe Biden does not look at the stock market as a way to judge the strength or weakness of the U.S. economy, White House press secretary Jen Psaki…
German economy likely shrunk in Q4: Bundesbank
FRANKFURT – Germany’s economy likely shrank in the fourth quarter as manufacturing remained constrained by supply bottlenecks and consumption dropped on renewed coronavirus fears, the Bundesbank said in a monthly report on…
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