Economy

Economy News

Fed’s Williams: Pace of rate increases depends on how economy responds

By Howard Schneider PRINCETON, N.J. (Reuters) -The Federal Reserve needs to move monetary policy towards a more neutral stance, but the pace at which it tightens credit will depend on.

Read More
Economy News

ECB expects to hike rates after ending bond buys in Q3: Schnabel

By Francesco Zecchini CERNOBBIO, Italy (Reuters) – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of.

Read More
Economy News

Australia, India sign trade deal in virtual ceremony

(Reuters) -Australia formally signed a trade deal with India on Saturday as the two nations signalled an intention to forge closer trade ties. The Australia-India Economic Cooperation and Trade Agreement.

Read More
Business Economy News

Construction has resumed at 95% of China Evergrande projects, unit says

Evergrande is the world’s most indebted property developer, with over $300 billion in liabilities. It is struggling to repay bondholders, banks, suppliers, and deliver homes to buyers, epitomising a bloated.

Read More
Economy News

Beijing autoshow postponed until further notice – statement

SHANGHAI (Reuters) – Organisers of the Beijing autoshow, which was scheduled to be held in late April, said on Saturday that they will postpone the event until further notice due.

Read More
Business Economy News

U.S. auto sales slide in Q1; Toyota outsells GM

By Aishwarya Nair (Reuters) – U.S. automakers on Friday reported a slump in first-quarter domestic sales, as the entire industry was slammed by chip shortages and disruptions to supply chains..

Read More
Economy News

U.S. economy not letting war, pandemic get in the way of a good time

By Howard Schneider WASHINGTON (Reuters) -Fear that the war in Ukraine would tilt the U.S. economy towards a 1970s-style bout of stagflation has given way to signs that Americans plan.

Read More
Business Economy News

Exclusive-Peru targets copper price windfall in dialed-back tax reform, minister says

By Marco Aquino LIMA (Reuters) – Peru, the world’s no. 2 copper producer, will target “excess profits” that mining firms have gained from soaring global metals prices for extra taxation, the country’s.

Read More
Economy News

U.S. unemployment rate drops to 3.6% as labor market rapidly tightens

By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting.

Read More
Economy News

U.S. Economy Looks Strong Enough to Avoid Recession, IMF Says

(Bloomberg) — It’s too early to talk about the risk of a recession in the U.S., where growth is likely to remain positive for the near future even as it.

Read More