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Malaysia plans record $18 billion subsidy spend in inflation fight

KUALA LUMPUR (Reuters) – Malaysia is expected to spend 77.3 billion ringgit ($17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the.

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EU plan for life without Russian gas a priority as leaders meet

By Jan Strupczewski BRUSSELS (Reuters) -EU leaders will on Friday discuss how the bloc would cope without Russian gas, and are expected to accuse Moscow of “weaponising” energy via a.

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European banks ace U.S. Fed’s stress test, show strong capital levels

By Michelle Price and Sinead Cruise WASHINGTON/LONDON (Reuters) -The U.S. units of major European lenders including Deutsche Bank (ETR:DBKGn), Barclays (LON:BARC) and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday,.

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Another election puts Israel’s efforts to reduce cost of living on back burner

By Steven Scheer JERUSALEM (Reuters) -Israel’s economy is expected to be resilient during yet another election cycle, but households will suffer as reforms to reduce the cost of living are.

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Retail Inflation May Exceed Top Of RBI Band Until December: Shaktikanta Das

India’s central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December,.

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Business Economy News

RBI Charts Out Plan For IT Services Outsourcing By Banks

Regulated entities have been extensively leveraging IT and IT-enabled services to support their business models and services offered to customers New Delhi:  In order to ensure effective management of risks.

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Business Economy News

U.S. business borrowing for equipment rises 16% in May – ELFA

(Reuters) – U.S. companies borrowed 16% more in May to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday,.

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Ukraine Wins Crucial Nod on Long Path to EU Membership

(Bloomberg) — European Union leaders granted Ukraine candidate status in a historic step for the war-torn nation on the long and difficult path to membership in the bloc. The government.

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Economy News

Your Markets Roundup After The Opening Bell: Global Stocks Up

Investors bet that central banks would reign in inflation, sending stocks and bonds on their way to their first weekly gains in a month. Investors on Friday increased their bet.

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U.S. to cancel $6 billion in student loans for 200,000 defrauded borrowers

By Kanishka Singh WASHINGTON (Reuters) -The United States will cancel $6 billion in student loans for 200,000 borrowers who claimed they were defrauded by their colleges, the administration of U.S..

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