Economy

Economy News

U.S. economy slowing, but recession not inevitable, Yellen says

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but she said a downturn was.

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Economy News

Spain says ECB’s tool to control government bond spreads are ‘appropriate’

MADRID (Reuters) – Spain’s Economy Minister Nadia Calvino said that the European Central Bank’s tools to try to keep government bond spreads down are adequate. “The tools the ECB is.

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Economy News

UK retail sales slip in June as consumers struggle with inflation

LONDON (Reuters) -British retail sales edged down in June as drivers cut back on record-priced fuel, with consumers reducing shopping less than expected, data showed, though the trend remained weak.

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Indian economy is relatively better placed amid grim global scenario: RBI Guv Shaktikanta Das

RBI Governor Shaktikanta Das Speech: Speaking at the BOB Annual Banking Conclave 2022, Das said that the rupee is holding up well as compared to its advanced and emerging market.

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Despite Didi’s $1.2 billion fine, China tech’s regulatory woes may not be over

By Josh Ye, Eduardo Baptista and Yingzhi Yang HONG KONG/BEIJING (Reuters) – China’s $1.2 billion fine on Didi Global draws a line under the ride hailing company’s regulatory woes, but.

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Indonesia seeks to crack down on “unhealthy” peer-to-peer lenders

JAKARTA (Reuters) – Indonesia has launched a crackdown on peer-to-peer (P2P) lenders through a new regulation and capital requirements, in a move that industry sources say should help clean up.

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Global slowdown fears darken prospects for Asian factories

By Leika Kihara TOKYO (Reuters) – Worries over a global slowdown are casting a shadow over Asia’s recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure.

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South Korea’s economy likely lost some steam in Q2 – Reuters poll

By Anant Chandak BENGALURU (Reuters) – South Korea’s economic growth probably slowed a bit in the second quarter as falling exports and soaring import costs hurt private consumption that makes.

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Australia gov’t to double foreign investment fees, penalties

SYDNEY (Reuters) – Australia will double the fees for foreign investors looking to buy assets in the country, Treasurer Jim Chalmers said on Friday, as he grapples with protracted budget.

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Samsung Elec seeks tax breaks on $192 billion potential chip plants in Texas

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics has begun applications for tax breaks for 11 potential chip plants in Texas adding up to investments of about $192.

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