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China expected to hit 2024 GDP target, but tariffs loom

January 17, 2025

By Kevin Yao BEIJING (Reuters) – China’s economy likely rebounded in the fourth quarter as several rounds of policy stimulus kicked in, enabling

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Trump’s US Treasury pick says question of debt limit repeal is ‘nuanced’

January 17, 2025

(Reuters) – Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Thursday said the question of eliminating the

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Morning Bid: Awaiting China data deluge, US yields drift lower

January 16, 2025

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Relief from the positive U.S. and UK inflation surprises this

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Brazil final tax rate slightly higher than the one approved by Congress, special tax secretary says

January 16, 2025

SAO PAULO (Reuters) – The final version of the Brazilian tax reform sanctioned on Thursday by Brazil President Luiz Inacio Lula da

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World Bank warns U.S. tariffs could dent global economic growth

January 16, 2025

Investing.com — The World Bank said on Thursday that a 10% across-the-board tariff imposed by the U.S. could decrease the global economic

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Fed’s Goolsbee says he feels more comfortable that labor market is stabilizing, WSJ reports

January 16, 2025

(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing, the Wall

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Tear down barriers to growth, UK finance minister tells regulators

January 16, 2025

LONDON (Reuters) – Finance minister Rachel Reeves has urged Britain’s regulators to remove barriers to economic growth, tasking them with creating a

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World Bank warns that US tariffs could reduce global growth outlook

January 16, 2025

By Andrea Shalal WASHINGTON (Reuters) – The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global

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Trump’s US Treasury pick Bessent says extending tax cuts a top priority

January 16, 2025

(Reuters) – Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Thursday said that extending Trump’s 2017 tax

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Fed should stay independent, Trump’s pick for US Treasury Secty says 

January 16, 2025

(Reuters) – The Federal Reserve should stay independent, Trump’s pick to be U.S. Treasury Secretary told a Senate panel on Thursday. “I think

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Scott Bessent’s hearing for Treasury Secretary: tariffs, taxes and spending in focus

January 16, 2025

Investing.com — Scott Bessent, the fund manager selected by President-elect Donald Trump to head the Treasury Department, faced questions on tariffs, tax

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Tariff-fuelled dollar gains pose global stagflation risks, BIS warns

January 16, 2025

By Marc Jones LONDON (Reuters) – Staff at central bank umbrella group, the Bank for International Settlements, have warned of a global bout

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French PM Bayrou survives no-confidence vote

January 16, 2025

By Makini Brice, Elizabeth Pineau and Dominique Vidalon PARIS (Reuters) – French Prime Minister Francois Bayrou passed the first test of his new

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WHO calls for international support to fund aid in Gaza after ceasefire deal

January 16, 2025

By Jennifer Rigby and Christy Santhosh (Reuters) – The World Health Organization called for the international community to step up and fund a

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Capital Economics sees economic progress in South Africa

January 16, 2025

Capital Economics highlighted the progress made by South Africa’s Government of National Unity (GNU) in the six months since its formation, noting

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New York Fed says as of January reserve levels still abundant

January 16, 2025

By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve Bank of New York released data Thursday that suggest it faces no

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