Economy

Economy News

Hungarians rally against Orban’s reforms, skeptical of change

By Gergely Szakacs BUDAPEST (Reuters) – Around 1,000 Hungarians demonstrated against Prime Minister Viktor Orban’s government on Saturday in the latest of a series of smaller demonstrations this week since.

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Philippines Finance Minister says economy robust enough to absorb aggressive rate hike

MANILA (Reuters) – The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank’s benchmark interest rates, given an expansion in economic activity.

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India bonds will suffer most in Asia in a US recession scenario

The threat of a US downturn is the latest risk confronting Indian bonds after a weakening rupee and accelerating inflation propelled benchmark yields to the highest in over two years.

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Italian Bond Yields Soar as Draghi Threatens Resignation

By Geoffrey Smith  Investing.com — Italian bond yields soared on Thursday as Prime Minister Mario Draghi threatened to resign if the 5 Stars Movement stops supporting his government. The yield.

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China hopes Australia can take actions to promote trade relations – commerce ministry

BEIJING (Reuters) – China hopes Australia can take pragmatic actions to create favourable conditions for the healthy and stable development of bilateral trade relations, China’s commerce ministry said on Thursday..

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South Korea to ease debt-service burden on vulnerable borrowers

By Choonsik Yoo SEOUL (Reuters) – South Korean President Yoon Suk-yeol pledged on Thursday to help ease the debt-service burden on low-income earners as a surge in interest rates and.

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China’s fiscal revenue growth quickens as economy recovers

BEIJING (Reuters) -China’s fiscal revenue growth accelerated in January-June from the first five months, the finance ministry said on Thursday, as the economy showed signs of a slow recovery in.

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Japan gov’t concerned by rapid yen falls, closely eyeing FX with BOJ

By Kantaro Komiya TOKYO (Reuters) -Japan’s government is concerned about the yen’s recent sharp falls and will monitor the currency market with even more sense of urgency while working closely.

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Crypto lender Celsius files for bankruptcy

(Reuters) -U.S. crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices..

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Singapore Barely Avoids Slump as Growth Stays Flat in 2Q

(Bloomberg) — Singapore’s economy flatlined in the second quarter, as soaring prices weighed on retail activity.  Gross domestic product in the April-June period posted zero growth from the prior three.

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