By Alexandra Schwarz-Goerlich and Tom Sims VIENNA – The Russian and Belarusian operations of Raiffeisen Bank International (RBI) posted the sharpest gains in profit among its subsidiaries in the first …
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MANILA – The Philippine central bank expects inflation to ease back to within its 2%-4% target band next year, from a projected average of 5% this year, its governor said …
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HANOI – Vietnam is expected to register a trade surplus of $764 million in the first seven months of 2022, government data released on Friday showed. Exports in the January-July …
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By Sarah Wu TAIPEI – Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday it sees continued growth for the industry into next year, even as soaring inflation and recession …
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ZURICH – Logitech International is seeing the impact of the global semiconductor chip shortage moderating, Chief Executive Bracken Darrell said on Tuesday, saying he expects problems to be overcome by …
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‘Attacking Freedom’: Venezuelan Immigrant Sees Warning Signs Of ‘Socialism’ In US Blake Mauro on July 25, 2022 A Venezuelan immigrant who fled the country’s socialist regime told the Daily Caller …
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FRANKFURT – Euro zone inflation is set to be higher than forecast just a few months ago and even longer-term expectations are moving above the European Central Bank’s 2% target, …
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PARIS – French economic growth will slow sharply next year in the face of mounting geopolitical risks, pushing back improvement in the public sector budget deficit until afterwards, the Finance …
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By Marc Frank HAVANA – Cuba’s economy has begun to recover from the effects of the pandemic and should grow 4% this year, its economy minister said, although most Cubans …
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By Wayne Cole SYDNEY – Australia’s top central banker on Wednesday indicated a steady drum beat of interest rate rises were needed to stop a damaging inflationary cycle developing, and …
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NUSA DUA, Indonesia – IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the “exceptionally …
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Major US Bank Sees Profits Nosedive As Recession Fears Grow Jack McEvoy on July 14, 2022 JPMorgan Chase, the largest U.S. bank, announced a 28% decline in its second-quarter profits …
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NUSA DUA, Indonesia – Emerging markets and low-income countries may benefit in some cases from capital flow management and foreign exchange intervention, but should not use such tools to gain …
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(Reuters) – With inflation in the United States running at levels not seen in four decades, market participants worry the Federal Reserve will need to deliver hefty rate hikes to …
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By John Irish and Arshad Mohammed PARIS/WASHINGTON -France’s new foreign minister said on Tuesday there were only a few weeks to revive Iran’s 2015 nuclear deal with world powers, although …
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By David Randall NEW YORK – The Federal Reserve is ignoring signs of deflation as it continues its aggressive interest rate-hike plan to combat inflation and will soon be forced …
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MOSCOW – The Russian economy is now showing signs of stabilisation, the central bank’s head of monetary policy said on Tuesday, after taking a hit from unprecedented Western sanctions imposed …
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By Hyonhee Shin SEOUL – The recent attendance by four Asia Pacific leaders at the NATO summit reflects a “consequential shift” in the U.S. transatlantic security partnership which Washington seeks …
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TOKYO – U.S. Treasury Secretary Janet Yellen will emphasize the strength of the U.S. economy despite high inflation and a 1.6% annualized drop in first quarter gross domestic product when …
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PARIS – The biggest overhaul of cross-border tax rules in a generation is now on course to take effect in 2024, the Organisation for Economic Cooperation and Development said on …
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By Howard Schneider MAYAGUEZ, Puerto Rico – U.S. economic growth could fall below 1% this year and remain sluggish through 2023 as the Fed acts “resolutely” to curb inflation, New …
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(Reuters) – The U.S. economy is expected to continue to grow this year even as the Federal Reserve raises interest rates sharply to bring down unacceptably high inflation, St. Louis …
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By Steven Scheer JERUSALEM -Israel is on track to collect 45.5 billion shekels ($13 billion) more than initially expected in revenue in 2022, the Finance Ministry said on Thursday as …
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OSLO -Norway’s Equinor said on Thursday its second-quarter results would be positively impacted by between $400 million and $550 million from trade in natural gas derivatives used to hedge its …
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By Andrea Shalal MADRID – World Bank chief economist Carmen Reinhart said it could take many more years before the growing number of heavily indebted countries see any substantive reduction …