Economy

Economy News

Beijing tightens COVID screening to prevent Shanghai-like chaos

By Eduardo Baptista and David Stanway BEIJING/SHANGHAI (Reuters) -Beijing closed some public spaces and stepped up checks at others on Thursday, as most of the Chinese capital’s 22 million residents.

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Economy News

Analysis-China struggles for options as COVID threatens economic goals

By Kevin Yao BEIJING (Reuters) – China’s policymakers are struggling to find ways to ward off an economic slowdown that threatens job losses in a politically sensitive year, as COVID-19.

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Economy News

Norway’s DNB beats Q1 profit forecast as economy reopens

OSLO (Reuters) – DNB, Norway’s largest bank, posted better-than-expected first-quarter earnings on Thursday, reflecting a strong Norwegian economy and a high level of activity in the corporate market following an.

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Economy News

Economic growth risks jolt inflation-obsessed markets

By Sujata Rao and Dhara Ranasinghe LONDON (Reuters) -After months focusing on central banks’ response to raging inflation, financial markets are being jolted into the realisation that a global economic.

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Economy News

SpaceX set to launch space station’s next astronaut crew for NASA

By Joe Skipper and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) – Elon Musk’s rocket company SpaceX was due to launch the next long-duration astronaut crew to the International Space Station.

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Economy News

LG Display quarterly profit plummets as demand shrinks and prices decline

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s LG Display (NYSE:LPL) Co Ltd on Wednesday reported a 93% plunge in first-quarter profit, far below estimates as pandemic-driven demand.

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Business Economy News

Credit Suisse announces management reshuffle, Q1 loss

ZURICH (Reuters) -Credit Suisse on Wednesday posted a 273 million Swiss franc ($283.6 million) first-quarter loss, extending the embattled lender’s losing streak after a slew of scandals and as it.

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Economy News

Australia banks pull forward hike calls after inflation surprise

SINGAPORE (Reuters) – Two of Australia’s big four banks expect the benchmark cash rate will rise next week and a third sees increased risk of a hike after a surprisingly.

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Economy News

Gold prices dip as dollar rises to pandemic high

By Bharat Gautam (Reuters) – Gold prices fell on Wednesday as the dollar consolidated at its highest level in more than two years and pressured demand for greenback-priced bullion. Spot.

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Economy News

Sri Lanka says it has begun talks with China on refinancing debt

COLOMBO (Reuters) – Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades..

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