Economy

Economy News

Australia’s central bank hikes rates, says policy not on pre-set path

By Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Tuesday raised interest rates for a fourth month running, but tempered guidance on further hikes as it forecast faster inflation but.

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Economy News

Russia appoints Sergei Chirkov acting head of state pension fund

MOSCOW (Reuters) – The Russian government has appointed Sergei Chirkov as acting head of the Pension Fund of the Russia Federation to replace Andrei Kigim, a decree showed on Sunday..

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Economy News

Inflation begins to strain finances of young, low-income Americans

By Elizabeth Dilts Marshall NEW YORK (Reuters) – As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to feel financial pressure..

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Economy News

From boom to gloom, Australia’s red hot property market hits reverse

By Byron Kaye SYDNEY (Reuters) – This April, Australian home repairman Reis Saki put his parents’ house on the market in Melbourne’s outskirts, with hopes of a quick sale so.

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Economy News

British PM candidate Sunak vows 20% income tax cut by 2029

LONDON (Reuters) – Rishi Sunak, trailing in the race to become Britain’s next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029 in.

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Economy News

Raghuram Rajan lauds RBI, says India not facing economic problems like Sri Lanka, Pakistan

The former RBI governor, Raghuram Rajan, said the RBI has done a good job in increasing the foreign exchange reserves. Former RBI governor Raghuram Rajan Saturday stated that India has.

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Economy News

Take Five: Time to be forceful?

(Reuters) – Britain and Australia may opt for 50 basis-point rate hikes in coming days, given the high risk that markets will punish any central bank that hesitates to crack.

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Analysis-Same dire problems, new chief: Can Argentina solve economy riddle?

By Lucila Sigal BUENOS AIRES (Reuters) – Argentina’s incoming economy chief, the crisis-racked country’s third in a less than a month, may be its last best chance to right a.

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Business Economy News

As import costs leap, Hungary to allow corporate tax payments in euros or dollars

By Anita Komuves BUDAPEST (Reuters) -Hungary will allow companies to pay their taxes in euros or dollars, the government announced on Saturday, a move which analysts said could boost the.

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Economy News

U.S., Japan to cooperate on semiconductors as part of new economic dialogue

By Simon Lewis and David Brunnstrom WASHINGTON (Reuters) -The United States and Japan launched a new high-level economic dialogue on Friday aimed at pushing back against China and countering the.

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