Economy

Economy News

Republican senator targets Biden’s Fed nominee Raskin

(Reuters) – The U.S. Senate Banking committee’s top Republican on Friday took renewed aim at President Joe Biden’s nominee to a senior Federal Reserve post, Sarah Bloom Raskin, suggesting she.

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Economy News

Japan’s economy likely rebounded in Q4 on solid consumption: Reuters poll

By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely rebounded in the final three months of 2021 as consumption rose during a drop off in COVID-19 cases, a Reuters poll.

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Amazon helps stocks steady but prospects for rate hikes loom over markets

By Kanupriya Kapoor SINGAPORE (Reuters) – Asian equity markets fought for a footing on Friday, supported by an Amazon-led bounce in U.S futures, but oil’s rise to a seven-year high.

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Emerging FX already riding higher local rates will outperform this year: Reuters poll

By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU (Reuters) – Emerging market currencies will struggle to stem losses in the near-term as the U.S. Federal Reserve lifts interest rates off the.

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Japan has no plans to review sales tax rates, finance minister says

TOKYO (Reuters) – Japanese is not considering reviewing future national sales tax rates as the current 10% levy provides a vital source of funding the social security spending to support.

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South Korea extends business curfews as Omicron cases spike

Prime Minister Kim Boo-kyum says extension necessary to slow spread of Omicron after Lunar New Year celebrations. South Korea extended COVID-19 social distancing rules on Friday for two weeks, including.

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BOJ deputy governor Wakatabe says premature to tighten monetary policy now

By Leika Kihara TOKYO (Reuters) -It is too soon for the Bank of Japan to tighten monetary policy as the economy has not fully emerged from the pandemic’s hit, Deputy.

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Fed nominees say inflation is ‘grave threat,’ vow to fight

By Ann Saphir and Jonnelle Marte (Reuters) – U.S. President Joe Biden’s nominees to the Federal Reserve Board came out swinging against high inflation on Wednesday, saying rising prices pose.

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“Anyone but Draghi” – how an Italian presidential bid fell flat

By Gavin Jones, Angelo Amante and Giuseppe Fonte ROME (Reuters) – Last weekend, for the first time in his gilded career, Mario Draghi missed out on a promotion. He was.

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Economy News

S.Korea Jan factory activity grows at fastest pace in 6 months- PMI

SEOUL (Reuters) – South Korea’s factory activity grew at the sharpest pace since July last year as output and new order picked up but persistent supply chain woes weighed on.

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