Economy

Economy News

Fed’s Evans wants smaller U.S. rate hikes by July or Sept

By Dan Burns (Reuters) -Chicago Federal Reserve Bank President Charles Evans on Tuesday said he supports moving to a shallower rate-hike path by July or September to allow the Fed.

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Australian banks enter tech arms race as rising rates squeeze profit

By Byron Kaye SYDNEY (Reuters) – The 10-minute home loan – at the tap of a smartphone screen – is emerging as the next frontier in Australian banking as rising.

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Russia needs significant rise in imports, development bank VEB says

(Reuters) – The Russian economy, hit by unprecedented Western sanctions, is potentially resilient but needs a significant increase in imports and greater freedoms, economists at state development bank VEB said.

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Analysis-Aircraft leasing faces shake-up as risks cloud recovery

By Tim Hepher PARIS (Reuters) – Global aircraft leasing faces a new shake-up this week after SMBC Aviation Capital’s deal to buy smaller rival Goshawk Aviation for $6.7 billion. The.

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Singapore to restart work on new airport terminal as passengers return

By Chen Lin SINGAPORE (Reuters) – Singapore will resume building a fifth terminal at its Changi Airport after a two-year hiatus, the transport minister said on Tuesday, as regional and.

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ECB to hike deposit rate 25 bps in July, ditch negative rates by end-September: Reuters poll

By Swathi Nair BENGALURU (Reuters) – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in July and bring it.

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Australia’s Ruling Coalition Pledges Improved Budget in Costings

(Bloomberg) — Australia’s ruling Liberal-National coalition said it will narrow the budget deficit by about A$1 billion ($700 million) via cuts to the bureaucracy as it announced costings for its.

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After delay, U.S. Senate edges toward passing $40 billion Ukraine war aid

By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate voted on Monday to advance $40 billion more aid for Ukraine in its war against Russia, setting the stage for a.

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Ukraine’s president discusses need for financial support with IMF’s Georgieva

KYIV (Reuters) -Ukrainian President Volodymyr Zelenskiy said on Monday he had discussed the need for financial support for Ukraine’s economy during a video conference with International Monetary Fund Managing Director.

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U.S, E.U will seek to head off subsidy race over chip production, official says

By Alexandra Alper WASHINGTON (Reuters) – The United States and European Union will announce a joint effort to avert a “subsidy race” as they scramble to boost production of scarce.

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