Tag: Economy

© Reuters. FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – China’s central bank said on Saturday it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement (RMBLA) that will provide…

2/2 © Reuters. A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse 2/2 By Michelle Price and Sinead Cruise WASHINGTON/LONDON (Reuters) -The U.S. units of major European lenders including Deutsche Bank (ETR:DBKGn), Barclays (LON:BARC) and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday,…

© Reuters. FILE PHOTO: Egypt’s Central Bank headquarters are seen in downtown Cairo, Egypt, March 22, 2022. REUTERS/Mohamed Abd El Ghany (Reuters) -Egypt’s central bank kept its overnight interest rates unchanged on Thursday, saying that for the next six months it would tolerate elevated inflation, caused mainly by the Ukrainian conflict, as the economy grows…

It seems that every day, another financial expert predicts that the United States will enter a recession soon.  Last week saw the biggest interest rate hike in 28 years, in the Federal Reserve’s effort to combat inflation. As the economy continues to deal with sky-high gas prices, a wobbly stock market and an ongoing labor shortage,…

The purchasing managers’ index signals expansion at values above 50 and contraction when below. Canva What Is the Purchasing Managers’ Index?The purchasing managers’ index is a major monthly economic indicator that focuses on the performance of the manufacturing sector. It is used to determine periods of expansion and contraction in the U.S. economy. Variations of…

© Reuters. A woman stands near a logo of Bank Audi, as seen at the entrance of the Bank’s head office in Beirut, Lebanon, March 4, 2022. REUTERS/Mohamed Azakir/Files By Timour Azhari and Maya Gebeily BEIRUT (Reuters) -Lebanon’s Bank Audi and Al-Mawarid Bank said on Wednesday they disagreed with a letter sent on behalf of…

© Reuters. U.S. Treasury Secretary Janet Yellen testifies before a Senate Finance Commmittee hearing on President Biden’s 2023 budget, on Capitol Hill in Washington, U.S., June 7, 2022. REUTERS/Evelyn Hockstein By David Lawder ROSEBUD, South Dakota (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday the department’s new Office of Tribal and Native Affairs will…

Updated at 10:09 am EST U.S. stocks rebounded firmly Tuesday, following on from the worst week on Wall Street in more than two years, as investors eased back into risk markets despite persistent concerns over growth and inflation and fears of a near-term recession. The U.S. dollar index, which tracks the greenback against a basket…

© Reuters. FILE PHOTO: Passengers wait in front of check-in counters in a terminal at Zurich Airport, Switzerland June 15, 2022. REUTERS/Arnd Wiegmann By Jamie Freed DOHA (Reuters) -Pent-up demand from the pandemic means consumers are weathering high airfares, but as summer ends and inflation and interest rate rises begin to bite, there are growing…

© Reuters. A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) – Babel Finance, the Hong Kong-based crypto lender which suspended withdrawals and redemption of crypto assets on Friday, said it has reached an agreement with counterparties on the repayment of some debts to ease short-term liquidity. Cryptocurrency valuations have…