Tag: Economy

© Reuters. Philippine president-elect Ferdinand “Bongbong” Marcos Jr., son of late dictator Ferdinand Marcos, attends a news conference at his headquarters in Mandaluyong City, Metro Manila, Philippines, May 23, 2022. REUTERS/Lisa Marie David By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -Philippines President-elect Ferdinand Marcos gave strong indications that he will maintain continuity…

3/3 © Reuters. A woman in a protective suit stands on a street during lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, May 26, 2022. REUTERS/Aly Song 2/3 By Ryan Woo and Stella Qiu BEIJING (Reuters) -Pandemic-hit Shanghai, China’s financial hub, unveiled more post-lockdown plans on Thursday as it moves towards a return…

© Reuters. FILE PHOTO: Swiss National Bank (SNB) Chairman Thomas Jordan gestures as he addresses a news conference in Bern, Switzerland June 17, 2021. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Global monetary policy is moving into a new phase of higher interest rates to combat resurgent inflation, Swiss National Bank Chairman Thomas Jordan told Bilanz magazine…

© Reuters. FILE PHOTO: Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF) Gita Gopinath speaks during an interview with Reuters in the Alpine resort of Davos, Switzerland May 23, 2022. REUTERS/Arnd Wiegmann DAVOS, Switzerland (Reuters) – While government debt levels are climbing around the world, with debt burdens in…

© Reuters. FILE PHOTO: The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington, February 23, 2011. REUTERS/Jason Reed By Pete Schroeder WASHINGTON (Reuters) -U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion, as larger firms grew their loan loss provisions in response to heightened…

© Reuters. FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christop ATLANTA, Ga (Reuters) – The quick response in financial markets to tighter monetary policy offers hope that other parts…

© Reuters. General view of people walking past the World Economic Forum (WEF) logo during the forum in Davos, Switzerland May 23, 2022. REUTERS/Arnd Wiegmann By Balazs Koranyi and Dan Burns DAVOS, Switzerland (Reuters) -Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos think-fest on Monday, with…

© Reuters. Lebanese President Michel Aoun heads a final cabinet meeting before the government enters a caretaker status at the presidential palace in Baabda, Lebanon May 20, 2022. Dalati Nohra/Handout via REUTERS By Maya Gebeily, Timour Azhari and Laila Bassam (Reuters) – Lebanon’s government foresees cancelling “a large part” of the central bank’s foreign currency…

Mike Novogratz first went silent.  And this lasted almost 10 days. And then he opened up and explained. He, like a large number of institutional investors and retail investors, watched the prices of the UST stablecoin and its sister token Luna tumble and then crash. From May 9 to May 13, at least $55 billion of…

© Reuters. FILE PHOTO: A general view of city skyline and skyscrapers under construction during sunset as the spread of the coronavirus disease (COVID-19) continues in Moscow, Russia May 16, 2020. REUTERS/Maxim Shemetov (Reuters) – Russia’s economy will contract by no more than 5% in 2022, presidential adviser Maxim Oreshkin said on Thursday, giving a…