Tag: Economic

© Reuters. FILE PHOTO: The tower of the headquarters of the Bank for International Settlements (BIS) is seen in Basel, Switzerland March 18, 2021. REUTERS/Arnd Wiegmann By Marc Jones LONDON (Reuters) – Global central bank umbrella body, the BIS, eased its hardline stance on inflation on Monday, calling recent progress encouraging, but stressed that central…

The administration says EV sales have tripled under President Joe Biden, but a new proposal could make it harder to make the switch from gas engine cars…

© Reuters. FILE PHOTO: A view of Central Bank of Nigeria headquaters next to National Ecumenical Centre in Abuja, Nigeria November 23, 2021. REUTERS/Afolabi Sotunde/File Photo By Chijioke Ohuocha and Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s central bank will tighten policy over the next two quarters to manage inflation while directing banks to boost capital to…

© Reuters. A view of the city skyline in Singapore December 31, 2020. Picture taken December 31, 2020. REUTERS/Edgar Su/ File Photo By Xinghui Kok SINGAPORE (Reuters) -Singapore’s economy grew faster than initial estimates in the third quarter, helped by a resurgence in tourism and service sector activity, although authorities warned of risks to the…

Mark Benioff made a play for OpenAI workers that won’t be easy to ignore…

Lowe’s echoed Home Depot’s concern that a slowdown in big ticket DIY spending will likely hit holiday sales…

© Reuters. FILE PHOTO: FILE PHOTO: British Chancellor of the Exchequer Jeremy Hunt leaves Downing Street in London, Britain, September 13, 2023. REUTERS/Toby Melville/File Photo By Kylie MacLellan and Andy Bruce LONDON (Reuters) -British finance minister Jeremy Hunt said on Sunday he would not implement tax cuts that would push up inflation, days before he…

The more credit cards you have, the more complicated your money system becomes…

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MUMBAI – The Reserve Bank of India (RBI) has announced an increase in risk weights for consumer credit, including personal loans and credit card receivables. This move comes as a measure to curb the rapid growth in certain consumer credit sectors and manage the escalating risks associated with them. As per the latest circular issued…