Tag: Economy

© Reuters. FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo By Uditha and Jayasinghe COLOMBO (Reuters) -The World Bank has agreed to provide Sri Lanka with $600 million in financial…

© Reuters. FILE PHOTO: Demonstrators shout slogans against Sri Lanka’s President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country’s economic crisis, in Colombo, Sri Lanka, April 23, 2022. REUTERS/Navesh Chitrakar/File Photo (Reuters) – Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International…

2/2 © Reuters. FILE PHOTO – Demonstrators shout slogans against Sri Lanka’s President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country’s economic crisis, in Colombo, Sri Lanka, April 23, 2022. REUTERS/Navesh Chitrakar 2/2 By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Saturday it held “fruitful technical discussions” with Sri Lanka…

2/2 © 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 2/2 By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Indonesian Finance Minister Sri Mulyani Indrawati on Friday joined a growing chorus of officials calling for reforms aimed at…

As the U.S. economy recovers from the pandemic, its growth prospects are running into high inflation and sparking fears of a recession in 2023. While the International Monetary Fund has predicted it will grow nearly 4% this year, inflation in the United States reached 8.5% in March, the highest annualized rate in 40 years. Bringing…

© Reuters. FILE PHOTO: Gita Gopinath, Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF) speaks during a news conference in Santiago, Chile, July 23, 2019. REUTERS/Rodrigo Garrido (Reuters) – Central bankers must act decisively and quickly to tackle the rise in inflation, Gita Gopinath, first deputy managing director of…

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen makes a speech about the current and future state of the U.S. and global economy at the Atlantic Council in Washington, U.S., April 13, 2022. REUTERS/Leah Millis/File Photo WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday said the U.S. economy was proving “very resilient”…

© Reuters. FILE PHOTO: The central bank headquarters building is seen in Brasilia, Brazil May 16, 2017. REUTERS/Ueslei Marcelino BRASILIA (Reuters) – Brazil’s central bank said on Wednesday it would resume data release that were suspended due to a strike by its employees, including a weekly survey seen as critical for the monetary policy conduction.…

© 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 Junko Fujita TOKYO (Reuters) -The Bank of Japan on Wednesday boosted efforts to defend its yield target, making a fresh offer…

The stock market should’ve been down Tuesday, Jim Cramer told his Mad Money viewers, but instead, we had a great run. How’d that happen? It wasn’t bonds, earnings, or housing starts that drove stock prices higher, nor was it any good news on the inflation front. The real reason for today’s rally was sentiment –…