Economy

Economy News

Shanghai says will hand out $22 billion in tax relief to firms amid COVID fight 

SHANGHAI (Reuters) -China’s Shanghai on Tuesday said it would roll out policies to help the local economy cope with a surge in COVID-19 cases in the city, including offering refunds.

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Economy News Uncategorized

Australia budget has cost-of-living mountain to climb to sway voters

By Wayne Cole SYDNEY (Reuters) – Australia’s government is hoping to use budget goodies to offset cost of living pressures for disgruntled voters ahead of an election expected in May,.

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Economy News

EU Commission approves Sweden’s 3.3 billion euro recovery plan

BRUSSELS (Reuters) – The European Commission approved on Tuesday Sweden’s post-pandemic recovery plan that will allow the country to get 3.3 billion euros in grants from the European Union until.

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Economy News

Russia says it has fully paid $102 million coupon on 2035 Eurobond

(Reuters) – The Russian finance ministry said on Tuesday it has fully paid a coupon on Russia’s Eurobond due in 2035, its third payout since unprecedented Western sanctions called Moscow’s.

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Economy News

Japan to revise foreign exchange law to end crypto loophole for sanctions on Russia

By Kantaro Komiya TOKYO (Reuters) – Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow’s invasion of Ukraine through cryptocurrency assets, top.

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Economy News

Analysis-U.S. Treasury yield curve divergence sends mixed recession signals

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Two measures of the U.S. Treasury yield curve that are widely watched for recession warnings have veered in opposite directions, raising questions as.

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Economy News

Australia’s budget windfall allows election sweeteners with a topping of fiscal repair

By Wayne Cole SYDNEY (Reuters) – Australia’s centre-right government is set to unpack a budget larded with cash give-aways, petrol tax cuts and infrastructure spending as it seeks to claw.

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Economy News

GM workers in northern Mexico vote to keep union contract

MEXICO CITY (Reuters) – General Motors Co (NYSE:GM) workers in northern Mexico have voted by a broad margin to keep their collective contract with one of Mexico’s biggest unions, weeks.

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Business Economy News

BOJ offers to buy unlimited 10-year bonds to defend yield ceiling

By Leika Kihara TOKYO (Reuters) – The Bank of Japan on Monday offered to buy unlimited amounts of 10-year Japanese government bonds (JGBs) at 0.25%, stepping into the market to.

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Business Economy News

China Jan-Feb industrial profit up but mired in single-digits

BEIJING (Reuters) – Profits at China’s industrial firms grew at a faster pace in January-February, official data showed on Sunday, in line with other signs of momentum in the economy,.

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