Economy

Economy News

RBI to raise rates in August but no consensus on size of hike – Reuters Poll

By Arsh Tushar Mogre BENGALURU (Reuters) – The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus.

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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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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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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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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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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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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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Mexican manufacturing tumbles as price hikes bite

MEXICO CITY (Reuters) – Mexico’s manufacturing sector declined in July, with demand for the country’s goods hit by inflation after a long pandemic-driven downturn, a survey showed on Friday, despite.

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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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