Economy

Economy News

Toyota misses April global production target due to COVID, parts shortage

TOKYO (Reuters) -Japan’s Toyota Motor (NYSE:TM) Corp on Monday said it missed its global production target for April as COVID-19 outbreaks and a parts shortage slowed its post-pandemic recovery. The world’s largest.

Read More
Economy News

Foreign demand to keep Dubai property prices on steady upward course- Reuters poll

By Md Manzer Hussain BENGALURU (Reuters) – Dubai house prices are set to mostly rise steadily over the next two years, driven by demand from foreign investors, according to a.

Read More
Economy News

Egypt’s foreign debt rose by $8.1 billion in last quarter of 2021

CAIRO (Reuters) – Egypt’s net external debt climbed by $8.1 billion in the fourth quarter of 2021, central bank data showed on Sunday. Egypt had been increasing its borrowing to.

Read More
Economy News

Qatar central bank governor expects GDP growth of 3.5% in 2022

DOHA (Reuters) -Qatar’s gross domestic product (GDP) should grow 3.5% in 2022, Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al-Thani told a conference on Sunday in Doha. Al-Thani.

Read More
Economy News

Cooling U.S. inflation builds case for September slowdown in Fed rate hikes

By Ann Saphir and Howard Schneider (Reuters) – Evidence U.S. inflation is cooling will not budge Federal Reserve policymakers from half-point interest rate hikes planned for upcoming meetings in June.

Read More
Economy News

Bulgaria sticks to plan to adopt the euro in 2024 amid coalition squabbles

SOFIA (Reuters) – Bulgaria’s government on Friday approved a plan to join the euro zone as of Jan. 1, 2024, amid concerns within the ruling coalition over the lack of.

Read More
Economy News

Strong demand powers Indian economy past record inflation, for now

The activity backed by stronger new orders was accompanied by a bump in output prices as producers started passing on high raw material costs to consumers India’s economy maintained its.

Read More
Economy News

China’s lending policy could trigger new debt crisis – Germany’s Scholz

BERLIN (Reuters) – A lack of transparency in China’s lending poses a threat to developing and emerging countries and could trigger a new debt crisis, German Chancellor Olaf Scholz said.

Read More
Business Economy News

National Bank of Canada beats profit estimates for second quarter

By Nichola Saminather TORONTO (Reuters) -National Bank of Canada closed out a mostly strong quarter for Canadian lenders on Friday, reporting second-quarter profit that beat estimates on lower-than-expected provisions for.

Read More
Economy News

Stock rally fanned by hopes of Fed ‘past peak hawkishness’

By David Randall NEW YORK (Reuters) -Bad news may once again be good news on Wall Street, as signs of slowing U.S. growth fan hopes that the Federal Reserve may.

Read More