Economy

Economy News

Factbox-Trump’s Fed eased bank rules. Now what can Democrats roll back?

By Pete Schroeder WASHINGTON (Reuters) – Under Republican leadership appointed by former President Donald Trump, the U.S. Federal Reserve eased a raft of bank rules and requirements introduced following the.

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City of London says COVID is masking Brexit hit to finance

By Huw Jones LONDON (Reuters) -Getting ahead in global finance after Brexit needs sustained British government impetus, the City of London’s policy chief said on Wednesday, adding that COVID-19 may.

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Economy News

Ford posts 7% fall in 2021 U.S. auto sales

(Reuters) -Ford Motor Co reported a 6.8% fall in 2021 U.S. vehicle sales on Wednesday, as the automaker struggled to deliver its cars and trucks due to lingering supply-chain bottlenecks.

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India asks Xiaomi to pay $88 million in import taxes it found it evaded

NEW DELHI (Reuters) – India on Wednesday said it had asked the local unit of Chinese smartphone giant Xiaomi (OTC:XIACF) to pay 6.53 billion rupees ($87.80 million) in import taxes.

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Senators meeting with Manchin on voting rights bills -Schumer

WASHINGTON (Reuters) -Senate Democrats are continuing to press the holdouts in their party to embrace voting rights bills, and a group planned to meet with one of them, Senator Joe.

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Economy News

Fed’s Kashkari, citing inflation risks, sees 2 rate hikes this year

(Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said he expects the U.S. central bank to need to raise interest rates two times this year, reversing his long-held.

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Turkish inflation seen above 30% in December amid lira weakness

ISTANBUL (Reuters) -Turkey’s annual inflation rate is expected to have hit 30.6% in December, according to a Reuters poll, breaching the 30% level for the first time since 2003 as.

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U.S. cuts off Ethiopia, Mali, Guinea from Africa duty-free trade program

WASHINGTON (Reuters) -The United States on Saturday cut Ethiopia, Mali and Guinea from access to a duty-free trade program, following through on President Joe Biden’s threat to do so over.

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UK government seeks to mitigate workforce disruption from Omicron

LONDON (Reuters) – The British government has asked public sector managers to test their contingency plans against a worst-case scenario of 25% staff absence as part of efforts to minimise.

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China to extend preferential tax policies for foreigners until end-2023

BEIJING (Reuters) – China will extend preferential income tax policies for foreigners residing in the country to Dec. 31, 2023, the finance ministry said on Friday, as part of measures.

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