Economy

Economy News

IMF warns Russia sanctions threaten to chip away at dollar dominance – FT

(Reuters) – Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF’s.

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Economy News

Japan Q2 growth to be slower than first expected on price rises, Ukraine war – Reuters poll

By Daniel Leussink TOKYO (Reuters) – Japan’s economy will grow at a slower pace than previously thought next quarter in part due to Russia’s invasion of Ukraine and its inflationary.

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Economy News

Europe told to turn down the heating in Russia gas standoff

By Kate Abnett and Susanna Twidale BRUSSELS/LONDON (Reuters) -Fears of a Russian gas supply crunch prompted some European countries on Wednesday to ask people to consume less energy in a.

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Business Economy News

Latam steps up as emerging markets struggle in first quarter

By Rodrigo Campos NEW YORK (Reuters) – Latin America has served as a respite for whipsawed emerging market investors during the first quarter, as accelerating inflation and a more hawkish.

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Economy News

Analysis-‘Mystifying’ U.S. stock rally defies economic unease

By Lewis Krauskopf NEW YORK (Reuters) – As a stunning rebound in U.S. stocks charges on, investors are questioning how long the surge can continue in the face of a.

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Business Economy News

China Evergrande to sell Crystal City Project for $575 million

(Reuters) -China Evergrande Group said on Wednesday it will sell its Crystal City Project in the eastern city of Hangzhou for 3.66 billion yuan ($575 million) to two state-owned firms.

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Economy News

Japan boosts defence of benchmark yield as global pressures persist

By Leika Kihara TOKYO (Reuters) -Japan’s central bank stepped up efforts to stop a key bond yield rising on Wednesday, offering to buy more government debt, including through ad-hoc purchases,.

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Economy News

Explainer-U.S. yield curve inversion: What is it telling us?

By David Randall, Davide Barbuscia and Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. Treasury yield curve inverted on Tuesday for the first time since 2019, as investors priced.

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Business Economy News

Vietnam’s Vinfast to build $2 billion electric vehicle factory in U.S

By Phuong Nguyen and Hyunjoo Jin HANOI/SAN FRANCISCO (Reuters) – Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a.

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Economy News

Biden says budget targets Trump’s ‘fiscal mess,’ raises taxes on wealthy 

By Andrea Shalal and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden on Monday submitted a $5.79 trillion budget plan to Congress that calls for record peacetime military spending and.

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