Economy

Economy News

Chinese premier Li confirms he will step down next March

BEIJING (Reuters) – China’s Premier Li Keqiang confirmed on Friday plans to step down after his current term expires next March. The No. 2 in the hierarchy of China’s ruling.

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Economy News

U.S. Senate passes $1.5 trillion gov’t funding bill with Ukraine aid

By Makini Brice and Richard Cowan WASHINGTON (Reuters) – The U.S. Senate on Thursday approved legislation providing $1.5 trillion to fund the federal government through Sept. 30 and to allocate.

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Business Economy News

Global central banks stay inflation-focused, see growth continuing despite war

By Howard Schneider, Balazs Koranyi and Leika Kihara (Reuters) – The Russian attack on Ukraine may slow global growth and raise new economic risks, but top central banks are keeping.

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Economy News

Bearish bets on Asia FX rise amid Ukraine crisis, rupee shorts near two-year high – Reuters Poll

By Shashwat Awasthi and Harshita Swaminathan (Reuters) – Investors raised their bearish views on most Asian currencies, with short bets on the Indian rupee at a near two-year high, as.

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Economy News

Bank of Korea Sees Inflation Elevated for Considerable Period

(Bloomberg) — Stubbornly high inflation overshadowing South Korea’s economic recovery is likely to continue for a considerable time, the Bank of Korea said Thursday, citing the crisis in Ukraine and.

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Economy News

Rio Tinto slashes ties with Russian businesses over Ukraine war

(Reuters) -Rio Tinto on Thursday became the first major mining company to announce it was cutting all ties with Russian businesses, joining a raft of leading Western companies in a.

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Economy News

Indian inflation likely slipped in Feb but set to rebound soon – Reuters Poll

By Tushar Goenka BENGALURU (Reuters) – Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists in a Reuters poll who still warned that.

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Economy News

2023 U.S. rate cut bets appear before hiking even starts: McGeever

By Jamie McGeever ORLANDO, Fla. (Reuters) – A flattening yield curve and slumping consumer confidence have been warning for months that U.S. recession risks are rising, but the alarm bells.

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Economy News

Singapore central bank poll of economists sees 2023 GDP growth at 3%

SINGAPORE (Reuters) – Singapore’s economy is expected to grow 3% in 2023, as the city-state gradually reopens its borders to international travel, a survey of economists conducted by the city-state’s.

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Economy News

Congress passes $50 billion U.S. Postal Service relief bill

By David Shepardson WASHINGTON (Reuters) -The U.S. Senate voted overwhelmingly on Tuesday to provide the long loss-making Postal Service (USPS) with about $50 billion in financial relief over a decade.

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