Search results for: Global

World stocks see choppy start of new month after volatile January

-- 2022-02-02 08:56:48

Global equity markets wavered on Tuesday as a new month saw investors weigh strong earnings from big-name US companies against mixed economic data and inflation worries, Reuters reports. While US job...

India unveils budget aiming to beef up economic growth

-- 2022-02-01 17:46:25

India on Tuesday unveiled a growth-oriented budget aimed at boosting infrastructure like highways, cargo terminals and airports, and proffering its credit guarantee scheme to small firms to help them...

Indian central bank to issue digital rupee

-- 2022-02-01 16:38:52

The Reserve Bank of India (RBI) will issue a new digital rupee powered by blockchain technology starting fiscal 2022-23, Finance Minister Nirmala Sitharaman said during the Union Budget 2022 on Tuesda...

India's budget likely to spur spending to prop up economic growth

-- 2022-02-01 13:37:16

India is likely to step up spending on infrastructure, health services and social programmes in its annual budget on Tuesday, to try to set the economy on a firmer footing as it fights a spike in COVI...

India’s GDP growth likely to slow down to 8.0-8.5pc in 2022/23

-- 2022-01-31 17:31:26

India has forecast its economy will grow 8.0 per cent to 8.5 per cent for the fiscal year starting in April, down from 9.2 per cent projected in the current year, as it fights a spike in Covid-19 case...

Asia shares edge higher, oil still climbing

-- 2022-01-31 10:49:27

Asian shares swung higher on Monday as Wall Street futures stabilised, though tests loom ahead as UK interest rates are expected to rise this week and surging oil prices add to worries over inflation....

Malaysian firms facing US bans over forced labour practices

-- 2022-01-30 16:17:20

The Human Resources Ministry of Malaysia has said that it would call in all companies facing US import bans over suspected forced labour practices to discuss immediate action to address the allegation...

China's January service sector activity growth slows

-- 2022-01-30 10:20:49

Activity in China's services sector grew at a slower pace in January, official data showed on Sunday, as China battles a resurgence of COVID-19 outbreaks that are hitting consumer confidence, Reuters...

China securities regulator met foreign banks to soothe economic concerns

-- 2022-01-29 10:44:08

The China Securities and Regulatory Commission (CSRC) met this week with executives at top western banks and asset managers to reassure them about the country's economic prospects after regulatory cra...

Argentina strikes breakthrough deal with IMF in $45b debt talks

-- 2022-01-29 10:20:51

Argentina has struck an agreement in principle with the International Monetary Fund over a new $44.5 billion standby deal, both sides said on Friday, a major breakthrough in tense talks to restructure...

European stocks slump again

-- 2022-01-28 18:54:09

European stocks fell heavily again on Friday as worries about a sudden halt to central bank stimulus and rising tensions between Western powers and Moscow drove one of the worst ever starts to a year...

High inflation to haunt global economy this year: Reuters poll

-- 2022-01-28 18:43:37

Persistently high inflation will haunt the world economy this year, according to a Reuters poll of economists who trimmed their global growth outlook on worries of slowing demand and the risk interest...

Pakistan passes law for central bank autonomy

-- 2022-01-28 18:01:12

Pakistan's upper house of parliament put the seal on Friday on a law backed by the International Monetary Fund (IMF) to give the State Bank of Pakistan (SBP), the central bank of the country, more ind...

American banks look forward to 'bread-and-butter' growth

-- 2022-01-28 09:05:49

US banks will enjoy stronger growth this year from their "bread-and-butter" business of taking deposits and lending money as the US economy expands and the Federal Reserve prepares to raise interest r...

Asia shares plunge, fearing hawkish Fed move, war in Ukraine

-- 2022-01-24 12:40:21

Asian shares slipped on Monday as investors braced for a Federal Reserve meeting at which it is expected to confirm it will soon start draining the massive lake of liquidity that has supercharged grow...

Netflix forecast erases much of stock's pandemic gains

-- 2022-01-21 15:04:23

Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 per cent and wiping away most of its remaining pandemi...

China steps up monetary stimulus effort to underpin economy

-- 2022-01-20 13:51:11

China stepped up its monetary easing efforts to prop up a slowing economy this week by lowering a set of key policy rates and lending benchmarks, and markets believe Beijing could ease further before...

Inflation breaks records, $100 oil also looming

-- 2022-01-20 12:03:32

Already less transitory than forecast, central bankers' inflation headache may be about to become more acute as they face the prospect of $100-plus oil that lifts consumers' price expectations and int...

Economies returning to normalcy with lower severity of omicron

MARK JOHN AND HOWARD SCHNEIDER, REUTERS 2022-01-18 18:25:17

Governments worldwide are easing quarantine rules, reviewing coronavirus curbs and dialling back pandemic-era emergency support as they bid to launch their economies back into some version of normalit...

China's economy expands 8.1pc in 2021

-- 2022-01-17 15:35:24

China's economy posted stable growth in 2021 despite challenges including sporadic epidemic resurgences and a complicated external environment, official data showed Monday. The country's gross domest...

World Bank cuts 2022 growth forecast to 4.1pc

-- 2022-01-11 22:45:30

The World Bank on Tuesday cut its forecasts for economic growth in the United States, the Euro area and China and warned that high debt levels, rising income inequality and new coronavirus variants th...

Gloomy outlook for global recovery, World Economic Forum survey finds

-- 2022-01-11 16:53:28

Only one in 10 World Economic Forum members surveyed expects the global recovery to accelerate over the next three years, a poll of nearly 1,000 business, government and academic leaders found, with o...

Inflation up, virus down as priorities in US

-- 2022-01-10 17:25:39

Heading into a critical midterm election year, the top political concerns of Americans are shifting in ways that suggest Democrats face considerable challenges to maintaining their control of Congress...

Apple becomes first company to hit $3 trillion stock market value, then slips

-- 2022-01-04 12:02:07

Apple Inc on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-sell...

Crisis-hit Evergrande suspends shares in Hong Kong

-- 2022-01-03 10:36:48

Crisis-hit Chinese real estate giant Evergrande has suspended trade in its shares on the Hong Kong as investors await news on its restructuring plan. The statement to the stock exchange did n...

Countries try to balance Omicron restrictions while keeping economies open

-- 2021-12-30 11:08:08

Global Covid-19 infections hit a record high over the past seven-day period, Reuters data showed on Wednesday, as the Omicron variant raced out of control and governments tried to contain its spread w...

India's market regulator tightens stock market listing rules

-- 2021-12-29 17:51:58

India's market regulator on Tuesday strengthened rules for companies going public, potentially slowing some planned new issues, as it seeks to protect retail investors after a record year of Initial P...

ADB allocates $4.1m for Covid-19 rural recovery in Asia, Pacific

-- 2021-12-27 21:04:38

The Asian Development Bank (ADB) has allocated $4.1 million in technical assistance to help agri-food value chains and rural economies in Asia and the Pacific recover from the impacts of Covid-19 pand...

Gulf bourses fall on rise in Covid-19 cases

-- 2021-12-26 21:08:35

Most stock markets in the Gulf ended lower on Sunday, with the Saudi index shedding the most as rising coronavirus cases across the region weighed on investor sentiment. Covid-19 infections have star...

World economy to top $100 trillion in 2022 for first time, report says

-- 2021-12-26 10:25:27

The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a r...