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Explainer-Sri Lanka’s reluctance to tap IMF helped push it into an economic abyss

Explainer-Sri Lanka’s reluctance to tap IMF helped push it into an economic abyss

© Reuters. FILE PHOTO: Demonstrators apply a sticker on a passing car during a protest against Sri Lankan President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country’s economic crisis, in Colombo, Sri Lanka, April 16, 2022. REUTERS/Navesh Chitr By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s worst economic crisis has triggered…

China’s Q1 GDP beats forecast, but March activity heightens risks to outlook

China’s Q1 GDP beats forecast, but March activity heightens risks to outlook

© Reuters. FILE PHOTO: A construction site is pictured in Beijing, China April 14, 2022. Picture taken April 14, 2022. REUTERS/Tingshu Wang By Kevin Yao and Stella Qiu BEIJING (Reuters) -China’s economy slowed in March as consumption, real estate and exports were hit hard, taking the shine off faster-than-expected first-quarter growth numbers and worsening an…

the street news image

Why the Fed Can’t Control Inflation Alone

Among the many issues confronting investors these days, inflation remains a dominant concern.  The Action Alerts Plus team looked closely at the results from March’s economic indicators. First, inflation continues to rise in most major economies worldwide. In the EU, it has topped 7 percent; the same for the UK. Australia reports 3.5 percent, which…

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Is Elon Musk a Fan of Marijuana?

What is your lucky number?  Many people have often been asked this question. Basically, the number that corresponds to them or the number or combination that they will have in mind if they decide to play the lotto.  It is one of the few commonly-shared superstitions. The richest man in the world seems to share…

Ukraine’s prime minister, finance officials to visit Washington next week

Ukraine’s prime minister, finance officials to visit Washington next week

© Reuters. FILE PHOTO: Ukrainian Prime Minister and head of the country’s delegation Denys Shmyhal attends a joint news conference after an EU-Ukraine Association Council meeting in Brussels, Belgium February 11, 2021. Francois Walschaerts/Pool via REUTERS By Andrea Shalal WASHINGTON (Reuters) – Ukrainian Prime Minister Denys Shmyhal and top Ukrainian finance officials will visit Washington…