Tag: Economic

© Reuters. By Yasin Ebrahim Investing.com – The Federal Reserve raised interest rates on Wednesday by a half percentage point for the first time since 2000 as the fight against elevated inflation heats up. The Federal Open Market Committee raised its benchmark rate to a range of 0.75% to 1% from 0.25% to 0.5% previously. Ahead…

© Reuters. FILE PHOTO: A street vendor counts his money at the Namdaemun Market in Seoul, South Korea, May 30, 2017. REUTERS/Kim Hong-Ji By Jihoon Lee and Choonsik Yoo SEOUL (Reuters) – South Korea’s consumer prices in April rose much faster than expected and at their quickest pace in 13-and-a-half years over a year earlier,…

© Reuters. FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before a Senate Finance Committee hearing on President Biden’s trade policy agenda on Capitol Hill in Washington, U.S., March 31, 2022. REUTERS/Jonathan Ernst By Andrea Shalal WASHINGTON (Reuters) – All tools are on the table to address rising inflation, including reductions of tariffs on Chinese…

5/5 © Reuters. FILE PHOTO: Democratic gubernatorial candidate Marco Lopez stands for a portrait after speaking with Reuters about inflation concerns in Phoenix, Arizona, U.S., April 19, 2022. REUTERS/Caitlin O’Hara 2/5 (Fixes election year in paragraph 35) By Tim Reid and Brad Brooks PHOENIX/COMMERCE CITY, Colo. (Reuters) -Ricardo Aguirre sits near his two taco trucks…

© Reuters. FILE PHOTO: People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, make their way at a shopping district in Tokyo, Japan, March 16, 2022. REUTERS/Kim Kyung-Hoon By Kantaro Komiya and Kentaro Sugiyama TOKYO (Reuters) – Japanese mother of three Maiko Takahashi was never one to pinch pennies or accept hand-me-downs for her…

© Reuters. Investors and guests arrive for the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 29, 2022. REUTERS/Scott Morgan OMAHA, Neb. (Reuters) – Warren Buffett said on Saturday that inflation “swindles almost everybody” and that it was “extraordinary” how much inflation had been seen in Berkshire Hathaway…

© Reuters. FILE PHOTO: Mexican President Andres Manuel Lopez Obrador delivers a speech at the National Palace in Mexico City, Mexico April 12, 2022. REUTERS/Henry Romero MEXICO CITY (Reuters) – Mexico’s government next week will unveil a plan agreed with business groups to level prices nationwide for staples such as corn, beans, rice and milk…

© Reuters. FILE PHOTO: A truck driver stands next to his truck as he gets ready to transport a shipping container at Pusan Newport Terminal in Busan, South Korea, July 1, 2021. REUTERS/Kim Hong-Ji By Jihoon Lee SEOUL (Reuters) -South Korea’s economic growth nearly halved in the first quarter from the preceding three months on…

© Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon By Leika Kihara TOKYO (Reuters) – The Bank of Japan is set to maintain ultra-low interest rates on Thursday and hold off from major…

© Reuters. Indonesian Finance Minister Sri Mulyani Indrawati answers questions during an interview at the World Bank in Washington, U.S., April 22, 2022. REUTERS/Evelyn Hockstein By Andrea Shalal and David Lawder WASHINGTON (Reuters) – As the world’s dominant creditor, China must demonstrate leadership in addressing the growing debt problem facing many low-income and emerging market…