Result Page 23 for Latest Economy & Markets News & Archive

Sales of existing homes in the United States cooled in July to an annual rate of 4.1 million, said the National Association of Realtors

Pending Home Sales Sink Amid High Mortgage Rates

The index that follows signed contracts for home sales fell in all regions of the U.S.

Sri Lanka Fails To Reach Agreement With IMF To Unlock Next Installment Of Bailout Package

Sri Lanka's President Ranil Wickremesinghe attends an interview with Reuters in Colombo

After a two-week visit to Sri Lanka, an IMF team said the South Asian country failed to make enough progress in boosting tax collection and other economic reforms. Despite encouraging signs of improvement, Sri Lanka's recovery is "not yet assured" after the first review of its $2.9 billion bailout.

Government Shutdown More Likely As McCarthy Rebuffs Senate's Initiative

Republican House Speaker Kevin McCarthy said he had given the green light for the opening of an impeachment inquiry against President Joe Biden

The House Speaker rejected Senate's alternative plan to temporarily fund the government.

A Lockheed Martin F-35 aircraft is seen at the ILA Air Show in Berlin, Germany, April 25, 2018.

Durable Goods Orders Surprise With Increase In August

The report shows that demand for military equipment is helping the manufacturing industry.

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The 1929 Wall Street Crash marked the start of the Great Depression in the United States

Stock Market Sell-Off – A Buying Opportunity For Long-Term Investors

September is usually a dismal time for investors. It's the month after the end of the summer when money managers make portfolio adjustments and trade volume picks up.

Michelle Bowman said additional rate hikes "will be necessary" to tame inflation

Two Fed Officials Suggest Interest Rates Will Rise Again  

Michelle Bowman and Susan Collins said that inflation is expected to remain above target for long period.

French activity shrank sharply, falling to its lowest level since November 2020

Eurozone Economic Contraction Less Severe In September

Eurozone economic activity shrank further in September but the rate of decline has slowed, a key survey showed on Friday.

Bank of Japan governor Kazuo Ueda (C) and the policy board stood pat on monetary policy and said it stood ready to ease further if necessary

Japan Sticks To Ultra-loose Monetary Policy

The Bank of Japan stuck to its ultra-loose monetary policy Friday, though officials face increasing pressure to turn more hawkish as the yen weakens and after fresh data showed inflation remained stubbornly high.

A sweeping national security law imposed on Hong Kong by Beijing aimed to quell dissent following massive 2019 protests

Singapore Ends Hong Kong's 53-Year Reign As World's Freest Economy Amid Beijing's Repressions

As Hong Kong's economic freedom declines due to the Chinese government's restraints on tenets that affect Hong Kong's economy, Singapore's improvements in government and regulations have allowed it to blow out HK's 53-year candle.

The Bank of England said top UK lenders would remain resilient even 'if economic conditions turned out to be much worse than we expect'

BoE Keeps Interest Rates Unchanged For First Time In Almost Two Years 

The pause comes after 14 consecutive increases as consumer prices in the UK rise less than expected.

India's economy bounced back last year after a drastic Covid lockdown that brought factories and consumer spending to a standstill

India To Offer Over $2 Billion In Incentives To Boost Manufacturing

Noting that only a fraction of the PLI incentives has been claimed so far, the Indian government is looking to allocate the unused funds in new sectors to boost local manufacturing.

The Fed is expected to hold interest rates on Wednesday

US Fed Pauses Rate Hikes But Predicts Long Fight Against Inflation

After 11 interest rate increases since March last year, inflation has fallen sharply but remains stuck stubbornly above the Fed's long-run target of two percent per year -- keeping pressure on officials to consider further policy action.

US Fed Likely To Pause Rate Hikes And Raise Growth Forecast

Analysts expect the US Federal Reserve to pause interest rate hikes on Wednesday as the central bank looks to tame inflation while avoiding a recession, despite a recent energy-fueled rise in consumer prices.

Fed minutes show some members backed an additional hike heading into the previous FOMC meeting

Fed September Meeting: Another Hawkish Pause Before A Pivot In 2024?

The gains in gasoline prices place the nation's central bank on alert for a resumption of inflation, making the September interest rate hike a hawkish rather than a dovish pause.

A Ticket To Elite 'Blue Club': After Moon, India Eyes The Ocean Depths With Samudrayaan Mission

Only a few countries now have the technological capabilities to conduct deep-sea explorations. The success of the Samudrayaan mission may give India a ticket to the "elite blue club" that includes nations like the U.S., France and China.

Indian Prime Minister Narendra Modi shakes hands with Saudi Arabia's Crown Prince Mohammed bin Salman (L) at the G20 Leaders' Summit, where the two joined other world leaders in unveiling plans to create a modern-day Spice Route to help boost trade

India, Saudi Pact Could Change Oil Buyer-Seller Relationship To Energy Transition Partnership

The agreement, which comes as the world is finding ways to accelerate the adoption of clean energy, is aimed at reducing "the effects of climate change, such as carbon capture, utilization and storage."

10 Years Of BRI: A Decade Of Mounting Debts, Souring Relations And Kidnappings

China's BRI is a decade old, but beyond its ambitious promises of trans-national connectivity, the initiative is looked at with skepticism and is seen as a debt trap for developing countries.

The idea of "de-globalisation" has gained traction since the war in Ukraine and pandemic-related lockdowns in China disrupted supply chains

WTO Warns Of 'First Signs' Of Trade De-globalisation

The de-globalisation of international trade is far from being a reality, but "the first signs of fragmentation" are appearing, the WTO warned Tuesday, concerned of the effects of the phenomenon on growth and development.

Illustration shows Chinese Yuan and U.S. dollar banknotes

Why China's Yuan Is Collapsing Against The Dollar

The rapid depreciation of the Chinese currency sounds like a paradox. China is still a significant exporter of manufacturing goods with a trade surplus, creating a strong demand for its currency.

The onshore yuan, whose trade is regulated by Beijing, last week briefly hit its lowest level against the US dollar in almost 16 years

China Says To Curb 'Disruption' In Currency Market

China's central bank said on Monday it would crack down on speculation that distorts the value of the yuan as the country's currency sees persistent volatility.

Wall Street stocks have been battered amid moves to raise interest rates to combat blistering inflation

Stocks Caught Between A Resilient Economy, Big Tech Woes And Rising Bond Yields

Equities came under pressure from a sell-off in big tech companies like Apple, Qualcomm and Nvidia, which weigh heavily on major equity indexes.

The ECB is walking a tightrope between high inflation and a weakening economy

Pause Or Hike? ECB Rate Decision On A Knife Edge

The European Central Bank is walking a tightrope between still-high inflation and a darkening eurozone outlook as it decides whether to lift interest rates again or finally pause its historic hiking cycle.

The African Union is expected to join the G20 to give the continent more of a voice on the global stage

Group Of 20 Expands As African Union Joins Bloc

The African Union joined the Group of 20 leading economies at its summit on Saturday, giving the continent more of a voice on the global stage, with host Indian Prime Minister Narendra Modi saying it turned the often divided bloc into the "people's G20".

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