Economy

Economy News

Erdogan says interest rates will be lowered and inflation will fall too

ANKARA (Reuters) – President Tayyip Erdogan repeated his unorthodox economic policy on Saturday, saying interest rates would be lowered further and inflation would fall as a result, days before inflation.

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Economy News

Australia seeks to join WTO talks on China-EU trade row

MELBOURNE (Reuters) -Australia will seek to be included in consultations about a trade dispute between the European Union and China launched by the EU at the World Trade Organisation, the.

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Economy News

U.S. House to take up bill next week on China competition, chips industry

By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives will take up a bill next week aimed at increasing competitiveness with China and supporting the U.S. chip industry, including.

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U.S. Senator Brown says ‘no question’ Biden’s Fed nominees qualified

NEW YORK (Reuters) – U.S. Senator Sherrod Brown on Friday said he met with President Joe Biden’s three latest nominees for the Federal Reserve board, calling them qualified and urging.

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Economy News

Wall Street rallies, capping frenetic week with best day of the year

By Stephen Culp NEW YORK (Reuters) – Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by.

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Economy News

High inflation to stick this year, denting global growth: Reuters poll

By Shrutee Sarkar BENGALURU (Reuters) – Persistently high inflation will haunt the world economy this year, according to a Reuters poll of economists who trimmed their global growth outlook on.

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Economy News

Japan Dec factory output seen down slightly for first time in 3 months – Reuters poll

TOKYO (Reuters) – Japan’s factory output likely slid in December for the first time in three months due to lingering supply bottlenecks, a Reuters poll showed. Meanwhile, retail sales were.

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Myanmar lost 1.6 million jobs in 2021 amid COVID, coup: ILO

International Labour Organization says Southeast Asian country’s labour market remains fragile after tumultuous year. Myanmar lost about 1.6 million jobs in 2021 amid the combined shocks of the COVID-19 pandemic.

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Economy News

Locking down homes, Hong Kong takes COVID lesson from Beijing

Residents in the city prevented from leaving apartments as authorities race to halt spread of Omicron. By Rachel Cheung Hong Kong, China – Collecting sewage samples, mandatory mass-testing and sealing off residential.

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Economy News

“Zero capitulation in equity positioning” despite selloff -BofA

LONDON (Reuters) – Investors are undeterred by the recent selloff on Wall Street and have continued to snap up stocks, BofA commented in its weekly flow show report which showed.

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