Economy

Economy News

Sri Lanka says IMF to consider request for rapid aid

By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka’s finance ministry said on Tuesday..

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Business Economy News

China to keep cutting crude steel output in 2022, state planner says

BEIJING (Reuters) – China’s state planner will reduce crude steel output this year after cutting about 30 million tonnes of production in 2021, an official said on Tuesday. The world’s.

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Economy News

Japan must pass extra budget in current parliament session, says ruling bloc partner leader

TOKYO (Reuters) – Japan’s parliament must pass a fresh extra budget before its current session ends in mid-June, the head of a junior ruling coalition partner said on Tuesday, repeating.

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Economy News

Australia rate hike brought nearer by inflation, wages – central bank

By Wayne Cole SYDNEY (Reuters) – Australia’s central bank is nearer to raising interest rates for the first time in more than a decade as inflation accelerates and a tightening.

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Economy News

New Zealand should spend cautiously, fiscal rules expected – Finance Minister

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s finance minister said on Tuesday the government should continue to be careful about spending and flagged the introduction of new fiscal rules.

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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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