Economy

Economy News

Strong household finances may mean Fed must to do more -Kashkari

(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday suggested that because household finances are in some cases in better shape than before the pandemic, the Fed may.

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Economy News

Russia to ease restrictions on cash FX, apart from U.S dollars, euros

(Reuters) – Russia’s central bank said on Thursday banks would be allowed to sell citizens foreign currency without any restrictions from May 20, with the exception of U.S. dollars and.

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Economy News

Zurich Insurance to exit Russian market, sell business to local team

ZURICH (Reuters) -Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest company to.

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Economy News

G7 agree on $18.4 billion to keep Ukraine running, ready with more

By Leigh Thomas and Francesco Canepa KOENIGSWINTER, Germany (Reuters) -The Group of Seven’s financial leaders agreed on Thursday on $18.4 billion to help Ukraine pay its bills in coming months.

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Deutsche Bank enters new era as chairman’s rocky decade ends

By Tom Sims and Frank Siebelt FRANKFURT (Reuters) – Deutsche Bank (ETR:DBKGn) begins a new epoch on Thursday as Chairman Paul Achleitner leaves after a rocky decade during which Germany’s largest lender.

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Economy News

Investors jolted as U.S. retailers show inflation hitting consumers

By Sinéad Carew NEW YORK (Reuters) – The evidence of red-hot inflation seeping into the economy is sending a chill through investors after major U.S. retailers showed people are cutting.

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New Zealand government forecasts narrower deficit for 2021/22

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s government on Thursday increased income support and promised significant investment in the health sector while forecasting that returning the budget to surplus.

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World Bank to offer $30 billion as Ukraine war threatens food security

By David Lawder BONN (Reuters) -The World Bank said on Wednesday it will make $30 billion available to help stem a food security crisis threatened by Russia’s war in Ukraine,.

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Economy News

Australia’s economy holds plenty of pitfalls for election winner

By Wayne Cole SYDNEY (Reuters) – Whichever party takes the reins of power at Australia’s election on Saturday faces an economic road pitted with pot holes, from runaway inflation to.

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ECB’s Lagarde gives national central bank chiefs louder voice on policy

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -European Central Bank President Christine Lagarde has given national central bank chiefs a bigger say in policy meetings, asking her own board.

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