Economy

Economy News

WTO chief warns of rocky road to deals amid ‘polycrisis’

By Philip Blenkinsop and Emma Farge GENEVA (Reuters) -World Trade Organization chief Ngozi Okonjo-Iweala expressed cautious optimism on Sunday that more than 100 trade ministers meeting in Geneva would achieve.

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Economy News

Japan edges closer to intervention in yen after rare gov’t, cbank joint statement

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japan’s government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint.

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Economy News

Facing tough vote, France’s Macron dangles anti-inflation sweeteners

By Leigh Thomas PARIS (Reuters) – French President Emmanuel Macron is banking on a new package of inflation-busting sweeteners for voters to secure a majority in legislative elections this month.

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Economy News

Fitch Revises Outlook On India To Stable From Negative

Fitch Ratings has revised India’s long term foreign currency issuer default rating (IDR) to stable from negative while retaining the ‘BBB-‘ rating Fitch Ratings has revised India’s long term foreign.

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Economy News

“Don’t Want RBI To Become Extension Of Government”: Ex CEA Arvind Subramanian

Mr Subramanian, while reacting to RBI’s outlook on inflation, expressed disappointment that though prices have been rising for almost three years, it was late in taking measures to check them,.

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Business Economy News

Government Mulls Fridge Import Curbs To Spur Local Manufacturing

India is considering restricting imports of refrigerators to promote local manufacturing, two industry sources told Reuters NEW DELHI:  India is considering restricting imports of refrigerators to promote local manufacturing, two.

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Economy News

UK lenders no longer too big to fail, says BoE

By Iain Withers and Sinchita Mitra LONDON (Reuters) -The Bank of England said on Friday it was satisfied lenders had taken steps to ensure they were no longer “too big.

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Economy News

Rates must rise but ECB will fight fragmentation: policymakers

PARIS/FRANKFURT (Reuters) -The European Central Bank needs to take “resolute” action to tame inflation but it is also fully determined to contain any undue increase in borrowing costs on the.

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Economy News

Russian central bank to scrutinise banks’ plans for fees on FX accounts

(Reuters) -Russia’s central bank said on Friday it would study the legality of plans by some banks to impose fees on foreign currency accounts, warning that lenders should not worsen.

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Business Economy News

Despite Falling Inflows, India Remained Among Top 10 Investment Destinations In 2021: UN

FDI inflows to India declined $19 billion to $45 billion in 2021 but the country still remained among the top 10 global economies for FDI last year United Nations:  Foreign.

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