Economy

Economy News

Petrobras shareholders elect CEO-in-waiting to board after weeks of turmoil

By Gram Slattery RIO DE JANEIRO (Reuters) -Shareholders in Brazil’s Petrobras have elected José Mauro Coelho to the firm’s board, according to a source with direct knowledge of the matter,.

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Business Economy News

China set to loosen credit as economic malaise deepens

By Ryan Woo BEIJING (Reuters) – China’s explicit call to cut the amount of cash banks set aside as reserves and boost lending has advanced expectations for imminent policy easing,.

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Economy News

Fearing high inflation, ECB to stay on course to unwind stimulus

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank may outline on Thursday a clearer schedule for unwinding its extraordinary stimulus, as worries over record-high inflation trump.

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Economy News

Singapore, Korea lead Asia’s central bank battle against inflation

By Cynthia Kim and Aradhana Aravindan SEOUL/SINGAPORE (Reuters) – Singapore and South Korea both tightened monetary policy on Thursday, hot on the heels of rate hikes in Canada and New.

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Economy News

Japan’s Feb machinery orders fall for second month, adding to growth fears

By Kantaro Komiya TOKYO (Reuters) – Japan’s core machinery orders posted their biggest monthly fall in nearly two years in February, official data showed on Wednesday, dragged down by a.

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Business Economy News

China Q1 overall trade with Russia, Ukraine up from year earlier

BEIJING (Reuters) -China increased its overall trade with Russia and war-hit Ukraine in the first quarter from a year earlier in yuan terms, and Beijing said economic cooperation with both.

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Economy News

Broad inflation little relief for Fed, but peak may be near

By Howard Schneider WASHINGTON (Reuters) – U.S. consumer inflation hit another four-decade high in March when it reached 8.5% in large part on gasoline prices surging to a record, but.

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Economy News

Pakistan’s new government facing severe economic challenges, aide says

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s new government is facing the daunting task of managing a stuttering economy with huge deficits, an aide to new Prime Minister Shehbaz Sharif.

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Economy News

Fed’s Barkin says interest rates should be moved rapidly to neutral

(Reuters) – The U.S. Federal Reserve should quickly get interest rates up to a level where borrowing costs will no longer be stimulating the economy, and should raise them further.

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Economy News

China nudges listed firms, investors to buy stocks to stabilise market

HONG KONG (Reuters) -China is encouraging long-term investors to buy more equities and major shareholders of listed firms to increase their holdings when stocks slump, in a bid to stabilise.

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