Economy

Economy News

Volvo Cars to leave ACEA car lobby group over climate goals

By Nick Carey LONDON (Reuters) – Volvo Cars said on Friday it will leave the European Automobile Manufacturers Association (ACEA) by the end of 2022, citing differences between its zero-emission.

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Economy News

New Zealand Central Bank warns NAB’s local unit over anti-money laundering breaches

By Lucy Craymer (Reuters) -New Zealand’s central bank on Friday issued a formal warning to National Australia Bank (OTC:NABZY) Ltd’s local unit for failing to report around 50,000 transactions as.

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Economy News

Peru again hikes key interest rate in bid to tame inflation

LIMA (Reuters) – Peru’s central bank boosted borrowing costs on Thursday with a 12th consecutive hike of its key interest rate to reach 6.0%, as the bank struggles to tamp.

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Business Economy News

UK jobs market lost a bit more steam in June, REC says

LONDON (Reuters) – British employers slowed their hiring via recruitment agencies once again in June as vacancies increased at the weakest rate in more than a year, according to a.

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Economy News

South Korea takes more steps to cut living costs

SEOUL (Reuters) – South Korea unveiled on Friday measures valued at some 810 billion won ($624.84 million) to help ease people’s living costs, including removal of tariffs on some food.

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Economy News

Asian stocks track Wall Street gains ahead of U.S. payroll data

By Sam Byford TOKYO (Reuters) – Asian shares tracked overnight Wall Street gains in early trading on Friday as fears of an economic slowdown cooled and sterling began to claw.

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Economy News

Boris Johnson ‘up for a fight’ as clamour to quit grows

By Elizabeth Piper, Kate Holton and Alistair Smout LONDON (Reuters) -British Prime Minister Boris Johnson defied pressure to quit on Wednesday from senior ministers and a mounting rebellion within his.

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Economy News

IMF’s Georgieva had ‘very good call’ with Argentina’s new economy chief -tweet

By Andrea Shalal WASHINGTON (Reuters) -The IMF’s managing director, Kristalina Georgieva, said on Wednesday she discussed the implementation of a $44 billion International Monetary Fund program with Argentina’s new economy.

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Economy News

IMF chief says ‘cannot rule out’ possible global recession

By Andrea Shalal (Reuters) -The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had “darkened significantly” since April and she could not.

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Economy News

New UK finance minister Zahawi pledges to boost economy

By William Schomberg LONDON (Reuters) -Britain’s new finance minister Nadhim Zahawi pledged on Wednesday to rebuild and grow the struggling economy and said he would look at all policy options,.

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