Economy

Economy News

U.S. business borrowing for equipment rises 16% in May – ELFA

U.S. business borrowing for equipment rises 16% in May – ELFA

The skyline is seen in Manhattan, New York City, U.S., August 21, 2021. REUTERS/Andrew Kelly (Reuters) – U.S. companies borrowed…
Fed’s inflation fight is ‘unconditional,’ Powell says

Fed’s inflation fight is ‘unconditional,’ Powell says

Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on…
Ukraine Wins Crucial Nod on Long Path to EU Membership

Ukraine Wins Crucial Nod on Long Path to EU Membership

Ukraine Wins Crucial Nod on Long Path to EU Membership (Bloomberg) — European Union leaders granted Ukraine candidate status in…
Brazil’s central bank aims for inflation ‘around’ 3.25% target in 2023

Brazil’s central bank aims for inflation ‘around’ 3.25% target in 2023

Food prices are displayed at a market in Rio de Janeiro, Brazil April 8, 2022. REUTERS/Ricardo Moraes BRASILIA (Reuters) –…
U.S. to cancel $6 billion in student loans for 200,000 defrauded borrowers

U.S. to cancel $6 billion in student loans for 200,000 defrauded borrowers

FILE PHOTO: A graduating student waits to cross the street in Cambridge, Massachusetts, U.S., June 7, 2019. REUTERS/Brian Snyder/File Photo…
OPEC+ to stick to oil supply rise plan as Biden heads to Saudi – sources

OPEC+ to stick to oil supply rise plan as Biden heads to Saudi – sources

FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna,…
Egypt central bank keeps interest rates steady

Egypt central bank keeps interest rates steady

FILE PHOTO: Egypt’s Central Bank headquarters are seen in downtown Cairo, Egypt, March 22, 2022. REUTERS/Mohamed Abd El Ghany (Reuters)…
Morgan Stanley’s Wilson Says Chance of Recession Still Below 50%

Morgan Stanley’s Wilson Says Chance of Recession Still Below 50%

© Bloomberg. Mike Wilson (Bloomberg) — Morgan Stanley’s Mike Wilson, a stock-market bear who predicted this year’s selloff, isn’t yet…
Column-Markets not braced for Japanese, Swiss cenbank liquidity drain: McGeever

Column-Markets not braced for Japanese, Swiss cenbank liquidity drain: McGeever

FILE PHOTO: A sign is pictured on the Swiss National Bank (SNB) in Bern, Switzerland, October 11, 2021. REUTERS/Denis Balibouse/File…
Analysis: UK’s Brexit woes threaten another flagship policy – levelling-up

Analysis: UK’s Brexit woes threaten another flagship policy – levelling-up

FILE PHOTO: The European Union and Union Jack flags are flown outside the Houses of Parliament, in London, Britain February…
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