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,…
China central bank adviser proposes structural reforms to revive economy
SHANGHAI (Reuters) – China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a…
Thailand’s weakening baht not all bad for economy – PM
BANGKOK (Reuters) – Thailand’s central bank is monitoring the weak baht, which is not entirely bad for the economy and could help the key export and tourism sectors, the prime minister said…
China should step up policy support for economy- ex-PBOC head
BEIJING (Reuters) – China should step up policy support for the economy while promoting reforms to help achieve the annual growth target of around 5%, Yi Gang, former governor of the People’s…
Thailand plans higher borrowing in 2024 to boost economy – sources
BANGKOK (Reuters) -Thailand’s new government plans to borrow about 2.4 trillion baht ($66.4 billion) for the fiscal year 2024 starting on Oct. 1, up 9% from the current year, according to market…
BofA lifts S&P 500 2023-end target by 7%, led by “old economy” stocks
(Reuters) – BofA Global Research said on Wednesday it expects the S&P 500 to end 2023 nearly 7% higher than it previously forecast, and that “old economy” stocks on the blue-chip index…
China economy faces many difficulties, challenges -state planner official
BEIJING (Reuters) – China’s economy faces a lot of difficulties and challenges, said Cong Liang, vice chairman of the National Development and Reform Commission, on Wednesday. China will intensify macro-control efforts and…
Argentina’s economy shrinks for first time in nearly three years
BUENOS AIRES (Reuters) – Argentina’s economy shrank 4.9% in the second-quarter of 2023 versus the year-ago period, the country’s statistics agency said on Tuesday, slightly missing analysts’ forecast of a 4.8% contraction…
German economy to shrink in Q3: Bundesbank
FRANKFURT (Reuters) – The German economy is likely to shrink this quarter as industry is in recession and private consumption is adding little to growth, the Bundesbank said in a monthly economic…
Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country struggles to claw out of its worst financial crisis in…
Marketmind: Autoworkers’ walkout to test resilience of US economy
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe Brewing industrial action looks set to test the resilience of the U.S. economy, and especially jobs markets, that…
Finnish economy burdened by weak export demand and construction woes
By Anne Kauranen HELSINKI (Reuters) -Finland’s economic downturn will last longer than expected, driven by weaker export demand and a rapid slowdown in construction activity in the face of high interest rates,…
Japan’s new economy minister sees positive signs emerging for end of deflation
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s new Economy Minister Yoshitaka Shindo said on Thursday that positive signs were emerging in output gaps and other areas for the economy to escape deflation.…
China, Venezuela sign agreements on economy, trade, tourism
BEIJING (Reuters) -Chinese President Xi Jinping and Venezuelan counterpart Nicolas Maduro have signed bilateral cooperation agreements in areas such as economy, trade and tourism, state broadcaster China Central Television (CCTV) reported. The…
Factbox-European companies cut jobs as economy sputters
(Reuters) – The highest inflation for decades and the fallout from war in Ukraine have forced companies across Europe into layoffs or hiring freezes. Here are some of the companies that have…
New Thai govt cuts diesel taxes, waives visas for Chinese tourists to spur economy
By Panarat Thepgumpanat and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s new government on Wednesday approved several measures aimed at boosting the economy, including a cut to the diesel tax, a visa-free entry…
New ETF focuses on ‘blue economy’ of marine, freshwater resources
(Reuters) – Rockefeller Asset Management and KraneShares on Tuesday announced the launch of an exchange-traded fund (ETF) focusing on the so-called “blue economy,” which seeks to develop marine and freshwater resources and…
China says its economy is ‘resilient’, rejects Western concerns
BEIJING (Reuters) – China’s economy is resilient and has not collapsed, the Chinese foreign ministry said on Tuesday, rejecting claims from the West that its economy is faltering and could cause wider…
New Zealand forecasts much larger budget deficit but improved economy
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s government on Tuesday predicted a larger budget deficit but better-than-expected economic conditions in the year ahead, as it updated forecasts heading into the October…
More Chinese seek bargains at Beijing market as confidence in economy wanes
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Amy Zhang used to buy branded fashion from shopping malls, but China’s economic uncertainty has driven the 35-year-old teacher, and other middle-class…
IMF urges pact to boost its resource quota, strengthen world economy
By Swati Bhat NEW DELHI (Reuters) – It is vital to increase quota resources for the International Monetary Fund (IMF) before year-end, its chief, Kristalina Georgieva, said on Sunday, while urging members…
JOSH HAMMER: Biden Can’t Gaslight Struggling Americans Into Thinking His Economy Is Good
JOSH HAMMER: Biden Can’t Gaslight Struggling Americans Into Thinking His Economy Is Good Josh Hammer on September 9, 2023 The 2024 Joe Biden presidential campaign, which has thus far been essentially nonexistent,…
German economy faces meagre growth in medium term – IfW
BERLIN (Reuters) – Growth prospects for the German economy will remain meagre in the medium term, the Kiel Institute for the World Economy (IfW) said on Friday. The production potential of the…
German economy expected to contract by 0.4% in 2023 – DIW
BERLIN (Reuters) – Germany’s DIW economic research institute slightly lowered its 2023 forecast for the German economy on Friday due to a surprisingly weak second quarter. Germany’s economy is now expected to…
Canadian dollar outlook seen less rosy as China’s economy weakens: Reuters poll
By Fergal Smith TORONTO (Reuters) – Analysts have cut their bullish near-term forecasts for the Canadian dollar as China’s economy weakens and the gap between U.S. and Canadian bond yields grows, but…
Analysis-Tax slump in outperforming Brazilian economy scrambles reform plans
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Even as Brazil’s economic growth blew past expectations in the first half of this year, tax revenue has tumbled, underscoring doubts about the…
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