© Reuters. White House Press Secretary Jen Psaki holds a press briefing at the White House in Washington, U.S., January 25, 2022. REUTERS/Leah Millis By David Shepardson WASHINGTON (Reuters) -The White House plans to host the chief executives of major U.S. companies including auto and tech sector firms on Wednesday to discuss President Joe Biden’s…
© Reuters. FILE PHOTO: A truck drives between shipping containers at a container terminal at Incheon port in Incheon, South Korea, May 26, 2016.REUTERS/Kim Hong-Ji TPX IMAGES OF THE DAY/File Photo By Cynthia Kim SEOUL (Reuters) -South Korea’s economy expanded at the fastest pace in 11 years in 2021 helped by a jump in exports…
© Reuters. FILE PHOTO: A customer looks at products marked with discounted prices on display at a chemist in a shopping mall in central Sydney, Australia, July 25, 2018. REUTERS/David Gray By Wayne Cole SYDNEY (Reuters) – Australia’s core inflation flew to its fastest annual pace since 2014 in the December quarter as fuel and…
China Rate Cuts Not Enough to Stabilize Economy: Ex-PBOC Adviser (Bloomberg) — Looser monetary policy in China won’t be sufficient to stabilize the economy and a faster increase in government spending is needed, according to a former adviser to the central bank. “Under the current economic situation, the role the PBOC can play is limited,”…
© Reuters. FILE PHOTO: Japan’s new Minister for Economic Revitalisation Daishiro Yamagiwa arrives at prime minister’s office in Tokyo, Japan October 4, 2021. REUTERS/Issei Kato TOKYO (Reuters) – Japan is drafting an economic growth measure taking climate action into account and aims to release a preliminary estimate by the end of March, economy minister Daishiro…
© Reuters. People walk inside a shopping mall during holiday season in Hazmieh, Lebanon December 29, 2021. Picture taken December 29, 2021. REUTERS/Mohamed Azakir/File Photo BEIRUT (Reuters) – Lebanon is suffering an economic meltdown that began in 2019 when the financial system collapsed under colossal state debts and the unsustainable way they were funded, while…
© Reuters Goldman Sees Risk Fed Will Tighten at Every Meeting From March (Bloomberg) — Goldman Sachs Group Inc. (NYSE:GS) economists said they see a risk the Federal Reserve will tighten monetary policy at every policy meeting from March, a more aggressive approach than the Wall Street bank currently anticipates. The Goldman Sachs economists led…
© Reuters. FILE PHOTO: Light poles are pictured without power during an outage in Mexico’s electricity network, in Ciudad Juarez, Mexico February 15, 2021. REUTERS/Jose Luis Gonzalez (Reuters) – Mexico faces risks to economic growth and potential for a credit rating downgrade in the medium term from political developments including the likely passage of a…
© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 6, 2022. REUTERS/Brendan McDermid By David Randall NEW YORK (Reuters) – Expectations of rising interest rates are bolstering the shares of regional banks, as a tumble in technology stocks pushes investors to search for assets…
© Reuters. U.S. Treasury Secretary Janet Yellen addresses the U.S. Conference of Mayors winter meeting in Washington, U.S. January 19, 2022. REUTERS/Jonathan Ernst By David Lawder and Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday rebranded the Biden administration’s economic agenda as “modern supply-side economics,” using a Reagan-era phrase favored by Republicans…
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