Economy

Economy News

Bank of Canada leaves interest rates unchanged, signals hikes coming soon

By Julie Gordon and David Ljunggren OTTAWA (Reuters) -The Bank of Canada held its key interest rate unchanged on Wednesday while signaling it would soon start hiking it, a move.

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Economy News

WTO lets China impose tariffs on U.S. in Obama-era case

BRUSSELS (Reuters) -The World Trade Organization (WTO) authorised China on Wednesday to impose $645 million of compensatory tariffs against the United States in a ruling likely to receive a cool.

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Economy News

Cuban peso in free fall against the dollar

By Marc Frank HAVANA (Reuters) – The Cuban peso was trading at nearly 100 to the dollar on the informal market Tuesday, according to a trader and online trackers, a.

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Economy News

Tech rebound: US stocks jump higher before Fed decision

Upbeat Microsoft forecast is propelling tech shares higher, as Wall Street awaits the Fed’s guidance on interest rates.  By Radmilla Suleymanova US stocks jumped higher on Wednesday following two days of.

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Economy News

4 things to know about the proposed sanctions against Russia

The US and UK have doubled down on their threats to include personal measures targeting Putin if Russia attacks Ukraine. Western powers have upped the stakes against Russia as the crisis.

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Lebanon’s economic depression “orchestrated by elite”, World Bank says

DUBAI (Reuters) -Lebanon’s economic depression “is orchestrated by the country’s elite” and “has come to threaten the country’s long-term stability and social peace,” the World Bank said in a press.

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Economy News

South Korea’s GDP growth hits 11-year high as exports boom

Bank of Korea data shows Asia’s fourth-largest economy expanded 4 percent in 2021. South Korea’s economy expanded at the fastest pace in 11 years in 2021 thanks to a jump.

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Economy News

Selloff to Resume, Microsoft Earnings, German Confidence – What’s Moving Markets

By Geoffrey Smith  Investing.com — The selloff in  U.S. equities looks set to resume at the open, despite Monday’s violent short squeeze. Microsoft (NASDAQ:MSFT), Johnson & Johnson (NYSE:JNJ) and General Electric (NYSE:GE).

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Economy News

Looming Fed rate hikes have emerging markets dreading deja vu

Indonesia, Brazil, Mexico, South Africa and Turkey could be roiled when the US Federal Reserve starts raising interest rates, say analysts. By Michael Moran If there were a character in literature.

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Economy News

Recovery disrupted: IMF cuts global economic growth forecast

Cut to global forecast largely reflects downward revisions to US and China outlooks. By Al Jazeera Staff The global economy is entering 2022 “in a weaker position than previously expected,” the.

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