Tag: Economic

© Reuters. FILE PHOTO: People shop at a Walmart Supercentre in Toronto, Ontario, Canada March 13, 2020. REUTERS/Carlos Osorio/File Photo By Julie Gordon OTTAWA (Reuters) – Canada’s headline inflation may have peaked after hitting a 31-year high in March, economists said, though the central bank still faces an uphill battle to bring rocketing prices back…

BEIJING (AP) — China’s credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its war on Ukraine, cutting off a possible alternative after Visa and Mastercard stopped serving them, according to the Russian news outlet RBC.UnionPay’s decision affects Sberbank, Russia’s biggest commercial bank, and smaller…

© Reuters. FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s new chief economist said on Tuesday he is concerned about increasing signals that inflation expectations…

© 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…

© 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/File Photo/File Photo By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan (BOJ) is likely to raise its inflation forecast for this…

3/3 © Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo 2/3 By Michelle Price and Matt Scuffham WASHINGTON (Reuters) -Some big U.S. banks have again started stockpiling cash to cushion potential loan losses due to growing…

© Reuters. FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, December 8, 2016. REUTERS/Ralph Orlowski By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank confirmed plans on Thursday to end its hallmark stimulus scheme in the third quarter, worried that high inflation…

© Reuters. FILE PHOTO: Charles Scharf, CEO, Wells Fargo speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. REUTERS/David Swanson/File Photo NEW YORK (Reuters) -Wall Street’s major banks and asset managers were cautious about the economy as they detailed how both consumers and institutional clients were struggling to…

© Reuters. FILE PHOTO: A Russian rouble coin and a U.S. dollar banknote in this picture illustration taken October 26, 2018. REUTERS/Maxim Shemetov LONDON (Reuters) – The EMEA Credit Derivatives Determinations Committee (CDDC) on Tuesday accepted a request to address the question of whether a potential failure to pay occurred on Russia’s hard-currency bonds, possibly…

© Reuters. FILE PHOTO: U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration By Alun John HONG KONG (Reuters) – The dollar index was back above 100 on Tuesday morning, supported by high U.S. yields ahead of inflation data that is expected to show U.S. prices gained the most in…