Result Page 59 for Latest Economy & Markets News & Archive

People wait to take coronavirus disease (COVID-19) tests at a pop-up testing site in New York City, U.S., July 11, 2022.

Column-The New Economic Normal - Living With COVID: McGeever

Central banks are jacking up interest rates to tackle the highest inflation in decades, economic growth is slowing, recession looms, and financial markets are in a deep funk.

Ten Years On, Draghi Faces Debt Crisis Words Won't Solve

Italian Prime Minister Mario Draghi speaks during the first day of the G7 leaders' summit at Bavaria's Schloss Elmau castle, near Garmisch-Partenkirchen, Germany, June 26, 2022.

Ten years after his 'whatever it takes' pledge saved the euro, Mario Draghi is once again in the middle of a debt crisis - but the Italian prime minister and former head of the European Central Bank will need more than just words to solve this one.

IMF Says China Needs More Fiscal, Monetary Support To Fight COVID Slowdown

The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an economic slowdown brought on by continued COVID-19 lockdowns, but less-restrictive pandemic containment policies also were needed.

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022.

Fed Hawks Say They Want 75 Basis Point Rate Hike In July

Two of the Federal Reserve's most hawkish policymakers on Thursday said they favored another 75-basis-point interest rate increase at the U.S.

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An employee is seen at an oil platform operated by Lukoil company at the Kravtsovskoye oilfield in the Baltic Sea, Russia September 16, 2021.

Column-Recession Would Make Tough Oil Sanctions On Russia More Likely: Kemp

Recession in the major economies is the only sure-fire way to reduce Russia's petroleum revenues - an uncomfortable truth Western policymakers have tried to obfuscate from voters at home.

The number of Americans filing new claims for unemployment benefits rose last week and could increase further in the coming weeks amid disruptions from soaring COVID-19 infections.

U.S. Weekly Jobless Claims Hit 8-month High; Producer Prices Come In Hot

The number of Americans filing new claims for unemployment benefits increased to an eight-month high last week, suggesting some cooling in the labor market amid rising interest rates and tighter financial conditions.

Hedge Fund Ides Ask Monro To Pressure Shareholder Preventing Company Sale

Hedge fund Ides Capital on Thursday asked U.S. car service and tire center operator Monro Inc to pressure its controlling shareholder to drop a veto to a sale of the company.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022.

S&P 500, Dow Close Lower After Bank Earnings, Inflation Data

The S&P 500 pared early losses to close modestly lower on Thursday after investors digested disappointing quarterly results from two large U.S.

Wall St Mixed After Dismal Bank Earnings, Hot Inflation Data

Wall Street stocks pared early losses on Thursday as disappointing quarterly results from two large U.S.

Wall St Set To Open Lower As Earnings Of Big Banks Disappoint

U.S. stocks were set to open lower on Thursday as downbeat earnings from big U.S.

South African Reserve Bank Governor Lesetja Kganyago attends IMFC press conference during the IMF/World Bank spring meeting in Washington, U.S., April 21, 2018.

South African Reserve Bank To Hike Repo Rate 50 Bps On July 21

The South African Reserve Bank will raise its benchmark interest rate by 50 basis points to 5.25% next Thursday as it tries to rein in quicker inflation, a Reuters poll found.

The Bank of England (BoE) building is reflected in a sign, after the BoE became the first major world's central bank to raise rates since the coronavirus disease (COVID-19) pandemic, London, Britain, December 16, 2021.

BoE May Force Banks To Use Buffers In A Crisis, Official Says

The Bank of England may oblige all banks to tap their capital buffer and stop paying dividends in a crisis to avoid a vacuum in lending to households and businesses, one of its senior officials said on Thursday.

A vehicle travels past some of the 39 buildings developed by China Evergrande Group that authorities have issued demolition order on, on the man-made Ocean Flower Island in Danzhou, Hainan province, China January 6, 2022.

China Vows Timely Home Deliveries In Wake Of Property Protests

Chinese regulators on Thursday vowed to help local governments deliver property projects on time after homebuyers threatened to stop mortgage payments on unfinished apartments, in the first sign Beijing was stepping in to end the market chaos.

China Property Protests Threaten To Dent $220 Billion Of Banks' Mortgage Loans

Chinese banks could face hefty writedowns in their mortgage businesses as growing numbers of homebuyers threaten to stop loan repayments to protest against unfinished apartments sold to them, analysts said.

Employees of the foreign exchange trading company Gaitame.com work in front of a monitor showing the Japanese yen exchange rate against the U.S. dollar at its dealing room in Tokyo, Japan June 13, 2022.

World Stocks Skid As Rate Hike Bets Keep Investors Cautious

Global equity markets and oil slipped and the safe-haven dollar rose after the latest red-hot U.S.

European Shares Fall As Rate Hike Bets Keep Investors Cautious

European shares fell on Thursday and the safe-haven dollar rose after the latest red-hot U.S.

Stocks Fall, Dollar Gains As U.S. Inflation Prompts 100 Bps Hike Bets

European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot U.S.

Asian Shares Bruised As U.S. Inflation Data Boosts Recession Fear

Asian shares struggled on Thursday and the safe haven dollar was strong as white hot U.S.

South Korean President Yoon Suk-yeol speaks during a ceremony marking Korean Memorial Day at the Seoul National cemetery on June 06, 2022 in Seoul, South Korea. Chung Sung-Jun/Pool via

South Korea To Ease Debt-service Burden On Vulnerable Borrowers

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 living costs put more pressure on heavily indebted households.

A worker cleans the window of a telecommunications retail store in central Sydney, Australia, June 16, 2017.

Australia Unemployment Dives To 48-year Low As Jobs Boom

Australia's unemployment rate dived to a 48-year low in June as hiring outstripped all expectations, while record vacancies suggested the labour market was set to tighten yet further and perhaps justify even larger increases in interest rates.

Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan, October 5, 2017.

Oil Rises 2% As No Immediate Saudi Output Boost Expected

Oil gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.

Oil Rises On Saudi Oil Production Expectations

Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, with further support from indications that the U.S.

Oil Prices Tumble More Than $4 Ahead Of Potential Large U.S. Rate Hike

Oil prices fell more than $4 on Thursday as investors focused on the prospect of a large U.S.

Oil Prices Drop Ahead Of Potential Large U.S. Rate Hike

Oil prices fell on Thursday as investors focused on the prospect of a large U.S. rate hike that could stem inflation but at the same time hit oil demand.

Oil Prices Fall Ahead Of Potential Large U.S. Rate Hike

Oil prices moved lower on Thursday, paring some losses after falling more than $4 as investors focused on the prospect of a large U.S.

Oil Prices Rise Ahead Of Potential Large U.S. Rate Hike

Oil prices rose on Thursday, with Brent breaking above $100 a barrel, as investors weighed tight supplies against the prospect of a large U.S.

Oil Prices Tick Down As Inflation Woes Take Centre Stage

Oil prices ticked down on Thursday as investors doubled down on the possibility of a rate hike by the U.S. Federal Reserve that would stem inflation and curb oil demand.

Singapore Steps Up Inflation Fight With Surprise Central Bank Tightening

Singapore's central bank tightened its monetary policy on Thursday, in an off-cycle move, saying the action would slow inflation as the city-state joins other economies scrambling to fight mounting price pressures.

IMF Reaches Staff-level Accord With Pakistan To Disburse $1.17 Billion

The International Monetary Fund (IMF) on Thursday said it had reached a staff-level agreement with Pakistan that would pave the way for disbursement of $1.17 billion, if approved by the IMF board, and was considering topping up the programme.

High-rise apartments under construction can be seen in the distance behind a row of residential housing in south London, Britain, August 6, 2021.

UK House Price Growth Falls To Lowest Since March 2021 - RICS

British house prices rose at their slowest pace in more than a year last month as buyer demand softened slightly although the overall breadth of price increases remained well above pre-pandemic levels, a survey showed on Thursday.

Pedestrians make their way at a business district in Tokyo, Japan, December 7, 2020.

More Japan Firms To Pass On Costs Of Rising Commodity Prices, Weak Yen- Reuters Poll

Four out of five large Japanese firms are passing on higher commodity costs to customers or intend to do so, a Reuters poll found, a sharp rise from the previous survey six months ago as surging input prices and a weak yen drive up import costs.

Pakistan Talks With IMF Completed, Announcement Expected Soon -minister

Pakistan's talks with the International Monetary Fund have been completed and an announcement on staff level agreement by the fund is expected soon, the country's finance minister said on Wednesday.

The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018.

U.S. Firms See Growing Signs Of Slowdown As Inflation Persists, Fed Survey Shows

The U.S. economy expanded at a modest pace in from mid-May through mid-July, a Federal Reserve report showed on Wednesday, as the central bank's newly-aggressive actions to curb inflation running at a more than 40-year-high continued to have an impact.

U.S. Firms Flag Toll Of High Inflation As Growth Slows, Fed Survey Shows

The U.S. economy expanded at a modest pace in from mid-May through mid-July, a Federal Reserve report showed on Wednesday as the central bank struggles to curb inflation running at more than a 40-year high.

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