Economy

Economy News

Mexican lawmakers to vote on president’s contentious electricity overhaul

MEXICO CITY (Reuters) – Mexican lawmakers were set on Sunday to vote on a constitutional overhaul of the electricity sector championed by President Andres Manuel Lopez Obrador, who wants to.

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Economy News

China Q1 GDP tops forecast, but March weakness sharply raises outlook risks

BEIJING (Reuters) – China’s economy slowed in March as consumption, real estate and exports were hit hard, taking the shine off faster-than-expected first-quarter growth numbers and worsening an outlook already.

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Economy News

Analysts see less room for China rate cuts after ‘conservative’ RRR cut

SHANGHAI (Reuters) – The smallness of a cut to the amount of money Chinese banks must hold in reserves may reflect concern by the Chinese central bank over inflation and.

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Economy News

Gold prices hit 1-month high as Ukraine crisis dampens risk appetite

By Bharat Gautam (Reuters) – Gold prices rose on Monday to their highest since mid-March, as the Russia-Ukraine crisis soured risk sentiment and drove investors to the safety of bullion..

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Economy News

Japan’s yen bounces briefly after Kuroda comments

By Vidya Ranganathan SINGAPORE (Reuters) – The yen won a brief reprieve after hitting fresh two-decade lows from Japanese policymaker comments on Monday, even as holidays confined the U.S. dollar.

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Economy News

China data to show sharp March deterioration as COVID bites, but solid first-quarter growth: Reuters poll

By Kevin Yao BEIJING (Reuters) – China is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter.

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Economy News

Ukraine’s GDP may fall between 30%-50% in 2022 – Finance Minister

(Reuters) – Ukraine’s gross domestic product (GDP) may fall between 30% and 50% this year, Finance Minister Serhiy Marchenko said in televised comments on Saturday. (Reporting in Kyiv by Pavel.

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Economy News

Ukraine’s prime minister, finance officials to visit Washington next week

WASHINGTON (Reuters) – Ukrainian Prime Minister Denys Shmyhal and top Ukrainian finance officials will visit Washington next week during the spring meetings of the International Monetary Fund and World Bank,.

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Business Economy News

Despite war ban, Russian seafood could enter the US anyway

The US ban on Russian seafood imports may not be stopping billions of dollars from going to Russia and its war in Ukraine. Fishing is big business in Russia, one.

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Economy News

How China’s Covid Flare-Up Has A “Very High” Economic Cost

Economic Impact Of Covid In China: Growth in China’s economy was already slowing in the latter half of last year with a property market slump and regulatory crackdowns, leading policymakers.

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