Marketmind: US debt ceiling drama aside, world economy looks shaky
A look at the day ahead in U.S. and global markets from Naomi Rovnick Risk appetite has perked up on global markets thanks to optimism …
economy
China’s fiscal revenue growth quickens as economy recovers
BEIJING (Reuters) – China’s fiscal revenue rose 11.9% in the first four months of 2023 from the same period a year earlier, accelerating sharply from …
Dem Dark-Money Group Struggling In Biden’s Economy
Dem Dark-Money Group Struggling In Biden’s Economy Laurel Duggan on May 17, 2023 Arabella Advisors, a massive Democrat-linked consulting firm, recently laid off 10% of …
Russian economy shrank 1.9% in first quarter – stats service
(Reuters) – Russia’s economy shrank 1.9% year-on-year in the first quarter of 2023, data from the Rosstat federal statistics service showed on Wednesday, following growth …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Zimbabwe economy could grow 6% this year, finance minister says
HARARE (Reuters) – Zimbabwe’s economy could grow 6% this year, better than a previous forecast for 3.8% growth, thanks to a strong performance by agriculture …
Argentine peso hits record low in black market as economy creaks
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s peso currency sank in widely used parallel markets on Thursday, hitting a record low against the U.S. …
United Airlines warns of macro risks, says ready to act if economy softens further
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday said macroeconomic risks have increased following turmoil in the banking industry last …
Burger King looks to viral jingle to lift sales in choppy economy
By Hilary Russ NEW YORK (Reuters) – Burger King is banking on its viral “Whopper Whopper” jingle to lift sales as part of the flagging …
UN predicts Afghan economy would contract if aid drops 30%
By Charlotte Greenfield (Reuters) – Afghanistan’s economy will contract, inflation will rise and liquidity will fall if there is a 30% drop in international aid …
Marketmind: China’s economy gathers pace but markets unimpressed
A look at the day ahead in European and global markets from Kevin Buckland China’s post-Covid recovery is firmly on track, according to a barrage …
The case for a ‘one and done’ Fed rate hike grows as economy slows
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Economic data has begun to fill in the portrait of a U.S. economy that is losing …
Biden Admin Official Claims Racism Cost US Economy $16 Trillion
Biden Admin Official Claims Racism Cost US Economy $16 Trillion Harold Hutchison on April 12, 2023 A senior Biden administration official claimed Wednesday that racial …
China in talks on emerging economy debt workout compromise -WSJ
(Reuters) – China is negotiating a compromise plan with other major creditors that could help break a logjam in debt-relief talks for struggling developing nations, …
Greek economy to grow 2.2% in 2023, prudence pivotal – cenbank chief
ATHENS (Reuters) – Greece’s economy will grow by 2.2% in 2023, its central bank chief said on Friday, urging the country to stick to the …
Georgieva says downside risks have increased for global economy
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Thursday said the global economy faced increased downside risks following recent bank failures in …
IMF says Serbia’s economy resilient, but more reforms needed
BELGRADE (Reuters) – Serbia was largely resilient to higher food and energy prices, lower electricity production, drought, and tightening global financial conditions in 2022, but …
Japan’s economy runs below capacity, low rates may stay in place
TOKYO (Reuters) – Japan’s economic output ran below full capacity for the 11th straight quarter in October-December, central bank data showed on Wednesday, suggesting that …
Marketmind: Jolted markets fret about economy, Fed rate path
A look at the day ahead in European and global markets from Ankur Banerjee Risk sentiment remains fragile as skittish investors fret about a recession …
Near shoring, green economy, good growth options for Latam, Caribbean – World Bank
NEW YORK (Reuters) – Near-shoring and the green economy offer opportunities to Latin America and the Caribbean (LAC) that the region should seize, as current …
Analysis-India’s surging services exports may shield economy from external risks
By Siddhi Nayak and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – A surge in India’s services exports, which hit a record high in the October-December quarter, …
Myanmar economy to remain “severely diminished” amid conflict -World Bank
(Reuters) – Myanmar’s economic growth remains “severely diminished” and GDP is expected to increase just 3% in the fiscal year to September, the World Bank …
China needs to step up fiscal policy help for its economy – vice Finance Minister
BEIJING (Reuters) – China needs to step up fiscal policy assistance for its economy, Vice Finance Minister Zhu Zhongming said on Friday, adding the country …
Next boss: downturn in UK economy won’t be long lasting
By James Davey LONDON (Reuters) – The boss of British fashion retailer Next said on Wednesday he did not think the downturn in the UK …
Colombian economy headed to more sustainable growth path, IMF says
(Reuters) -Colombia’s economy is currently undergoing a transition toward a more sustainable growth path, the International Monetary Fund said Thursday, highlighting tightened macroeconomic policies, slowing …
German economy heading for contraction in Q1, Bundesbank says
FRANKFURT (Reuters) – Germany’s economy will shrink again in the first quarter of the year and underlying inflation could prove to be stubborn even if …