Economy

Economy News

Wall Street worries that Fed was behind the curve on inflation

(Reuters) – Wall Street analysts and investors who believe the U.S. Fed Reserve has acted too slowly to combat high inflation are now forecasting even more aggressive rate hikes as.

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Business Economy News

China cuts items on 2022 negative list for market access

BEIJING (Reuters) – China’s state planner on Friday cut the number of sectors and industries that are off-limits to both Chinese and foreign investors on its so-called negative list for.

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Economy News

Kuroda Insists Inflation Will Trigger Policy Change, Not the Yen

(Bloomberg) — Bank of Japan Governor Haruhiko Kuroda said stable inflation was needed to trigger policy change at the central bank not yen weakness, in remarks that appeared aimed at.

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Economy News

U.S. Congressman Fortenberry found guilty of lying to FBI about funds

By Jan Wolfe WASHINGTON (Reuters) – A U.S. jury on Thursday convicted U.S. Congressman Jeff Fortenberry, a Republican from Nebraska, of lying to FBI investigators about illegal contributions to his.

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Business Economy News

U.S. reinstates 352 product exclusions from China tariffs

WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Wednesday it has reinstated 352 expired product exclusions from U.S. “Section 301” tariffs on Chinese imports, well short of the.

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Economy News

Renault suspends Moscow plant, adjusts 2022 outlook

By Tassilo Hummel and Gilles Guillaume PARIS (Reuters) -Renault SA, the Western carmaker most exposed to the Russian market, said on Wednesday it would suspend operations at its plant in.

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Economy News

Putin wants ‘unfriendly’ countries to pay for Russian gas in roubles

By Nina Chestney LONDON (Reuters) -Russia will seek payment in roubles for gas sold to “unfriendly” countries, President Vladimir Putin said on Wednesday, and European gas prices soared on concerns.

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Economy News

South Korea central bank governor nominee Rhee says inflation, economic risks mounting

SEOUL (Reuters) – South Korea’s nominee for its new central bank chief said on Thursday worries about inflationary and economic risks are mounting and that he would thoroughly review how.

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Economy News

Analysis-U.S. Treasury market pain amplifies worry about liquidity

By Davide Barbuscia and Ira Iosebashvili NEW YORK (Reuters) – A sharp sell-off in U.S. Treasuries has increased concerns about low levels of liquidity in the $23.5 trillion market, potentially.

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Economy News

Occidental plans up to $1 billion for facility to capture carbon from air

By Sabrina Valle HOUSTON (Reuters) -Occidental Petroleum on Wednesday outlined plans to advance its clean energy transition business, including spending between $800 million and $1 billion on a facility to.

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