Economy

Economy News

Philippines urges Indonesia to lift coal export ban

Indonesia suspended coal exports on January 1 amid shortages at domestic power plants. The Philippines’ energy secretary Alfonso Cusi has appealed to Indonesia to lift its coal export ban, saying.

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Economy News

China probes head of top life insurer in anti-corruption campaign

Anti-corruption watchdog says Wang Bin is ‘suspected of serious violations of discipline and law’. Bloomberg China’s top anti-graft watchdog placed the chairman of China Life Insurance Co. Ltd., one of.

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Economy News

Top 5 Things to Watch in Markets in the Week Ahead

By Noreen Burke Investing.com — The coming week will bring closely followed inflation figures, while Federal Reserve Chair Jerome Powell and Vice Chair Lael Brainard are to testify at their.

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Economy News

Biden calls Colorado’s most destructive wildfire ‘code red’ climate warning

By Jeff Mason LOUISVILLE, Colo. (Reuters) -U.S. President Joe Biden, visiting the scene of Colorado’s most destructive wildfire on record, said on Friday the rare winter blaze marked the latest.

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Economy News

ECB may need to act if energy price rises more persistent: Schnabel

FRANKFURT (Reuters) -Rising energy prices may force the European Central Bank to stop “looking through” high inflation and act to temper price growth, particularly if the green transition proves inflationary,.

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Economy News

Manchin’s $1.8 trillion spending offer no longer on table -Washington Post

WASHINGTON (Reuters) – U.S. Senator Joe Manchin’s $1.8 trillion spending offer he proposed to the White House in late 2021 appears to be no longer on the table following a.

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Economy News

Venezuela’s inflation hit 686.4% in 2021 – central bank

By Mayela Armas CARACAS (Reuters) – Venezuela’s annual inflation rate hit 686.4% in 2021, demonstrating a deceleration of consumer price growth versus the previous year when inflation was 2,959.8%, the.

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Economy News

Biden calls Colorado’s most destructive wildfire ‘code red’ climate warning

By Jeff Mason LOUISVILLE, Colo. (Reuters) -U.S. President Joe Biden, visiting the scene of Colorado’s most destructive wildfire on record, said on Friday the rare winter blaze marked the latest.

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Economy News

Bitcoin hovers near more than 3-month lows after U.S. payrolls

By Tom Wilson LONDON (Reuters) -Bitcoin slumped as much as 5% on Friday to its lowest since late September, amid a broader sell-off for cryptocurrencies driven by concerns about tighter.

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Economy News

Wall Street opens flat after soft jobs data

(Reuters) – Wall Street’s main indexes opened largely flat on Friday after data pointed to weaker-than-expected job growth, while a rise in wages fueled concerns about higher inflation. The Dow.

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