Economy

Business Economy News

Fed carrying $330 billion in unrealized losses on its assets according to Q1 financial statement

WASHINGTON (Reuters) – The U.S. Federal Reserve is carrying $330 billion in unrealized losses on its holdings of U.S. Treasury and mortgage-backed securities as of the end of March, according.

Read More
Economy News

Russia makes Eurobond coupon payments in FX – settlement depository

(Reuters) – Russia’s National Settlement Depository (NSD) on Friday successfully paid coupons in foreign currency on two Eurobonds, an NSD representative told Reuters, a move that could mean Russia may.

Read More
Economy News

Russia needs huge financial resources for military operation – finance minister

(Reuters) -Russia needs huge financial resources for its military operation in Ukraine, Finance Minister Anton Siluanov said on Friday, putting the amount of budget stimulus for the economy at 8.

Read More
Economy News

Canada’s budget deficit falls to C$95.57 billion in fiscal 2021/22 as pandemic wanes

By Julie Gordon Canada’s budget deficit in fiscal 2021/22 shrank to C$95.57 billion ($75.02 billion) from C$314.00 billion in the previous year, as emergency spending on the COVID-19 pandemic eased,.

Read More
Economy News

India central bank gov says priority is inflation, but growth important – ET

MUMBAI (Reuters) – The Reserve Bank of India’s primary focus is to bring inflation down closer to target but it cannot disregard the concerns around growth, governor Shaktikanta Das told.

Read More
Economy News

Hong Kong home prices reverse 3-month drop to climb 0.5% in April

HONG KONG (Reuters) – Hong Kong private home prices reversed a three-month decline in April, the latest official data showed on Friday, as the financial hub stabilised after COVID-related woes.

Read More
Business Economy News

New Zealand house prices to sink 9.0% this year, another 2% in 2023: Reuters poll

By Vivek Mishra BENGALURU (Reuters) – New Zealand’s house prices are forecast to sink 9.0% this year as aggressive interest rate hikes take some heat out of the blazing housing.

Read More
Economy News

Pakistan hikes fuel prices to unlock IMF funding

By Gibran Naiyyar Peshimam and Asif Shahzad KARACHI, Pakistan (Reuters) -Pakistan on Thursday announced it will hike fuel prices so that it can resume receiving aid from a $6 billion.

Read More
Economy News

Helped by weak yen, Japan remains top creditor nation with record net external assets

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s net external assets hit a record 411 trillion yen ($3.24 trillion) in 2021, to retain its position as the top creditor for 31 years.

Read More
Economy News

Sony to ramp up PS5 production and broaden games portfolio

By Sam Nussey TOKYO (Reuters) -Sony Group Corp said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease and signalled a radical broadening.

Read More