Economy

Economy News

Gold up from three-month lows as U.S. bond yields weaken

By Bharat Gautam (Reuters) – Gold edged up on Monday from a more than three-month trough hit in the previous session, as lower U.S. Treasury yields kept demand for zero-yield.

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Economy News

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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Business Economy News

Western sanctions block $16-$18 billion worth of Belarusian exports to EU, U.S. – PM

(Reuters) – Sanctions that have been imposed on Belarus have blocked $16-$18 billion worth of its annual exports to the West, the Belta news agency cited Belarusian Prime Minister Roman.

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Economy News

Economists sound the alarm over UK’s post-Brexit finance plans

LONDON (Reuters) – More than 50 economists warned on Monday that Britain’s post-Brexit plans to boost the competitiveness of its huge finance industry risked creating the kind of problems that.

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Economy News

Australia PM, trailing in election polls, announces housing policy

(Reuters) -Australian Prime Minister Scott Morrison announced a housing policy on Sunday aimed at boosting home ownership and curbing high prices, as his government lags the opposition Labor Party days.

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Economy News

Cuba sees hints of recovery, announces “audacious” measures to tame inflation

By Dave Sherwood and Nelson Acosta HAVANA (Reuters) – Cuba´s ailing economy has begun to recover in some sectors after two years of pandemic-induced contraction but soaring global prices for.

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Economy News

Polish budget policy could make it harder to tame inflation – MPC’s Litwiniuk

WARSAW (Reuters) – Bringing Poland’s inflation down to the central bank’s target over the next two years will be difficult if the government increases its efforts to boost consumption, Monetary.

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Business Economy News

Locked-down Shanghai to start gradually reopening malls, other businesses

SHANGHAI (Reuters) -The Chinese financial and manufacturing hub of Shanghai will gradually begin reopening businesses such as shopping malls and hair salons from Monday after weeks in a strict COVID-19.

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Economy News

‘Crisis for families’: US House to probe baby formula shortage

About 40 percent of baby formula products are out of stock nationwide, according to data firm Datasembly.  The United States House Oversight Committee said on Friday it plans to investigate.

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Business Economy News

U.S. consumer sentiment approaches 11-year low, monthly import prices unchanged

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains.

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