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Economy

Economy

China vows to issue more debt, cut interest rates next year

December 12, 2024
By Ellen Zhang and Kevin Yao BEIJING (Reuters) – China pledged on Thursday to increase the budget deficit, issue more debt and…
Economy

India’s November retail inflation eases, boosts rate cut hopes

December 12, 2024
By Nikunj Ohri NEW DELHI (Reuters) -India’s retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest…
Economy

Pope Francis calls for new global accords on debt, military spending

December 12, 2024
By Joshua McElwee VATICAN CITY (Reuters) -Pope Francis called on Thursday for new international agreements to reduce the debt burden faced by…
Economy

Trump crypto venture partners with platform linked to Middle East militants

December 12, 2024
(Reuters) – A crypto venture recently unveiled by U.S. President-elect Donald Trump and his new Middle East envoy, billionaire Steve Witkoff, has…
Economy

Carlyle’s AlpInvest, Mubadala join forces for new financing partnership

December 11, 2024
By Echo Wang NEW YORK (Reuters) – AlpInvest Partners, the secondary investments unit of buyout firm Carlyle Group (NASDAQ:CG), and Abu Dhabi’s…
Economy

Future pandemic could cause $13.6 trln economic loss -Lloyd’s of London

December 11, 2024
LONDON (Reuters) – Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial…
Economy

Factbox-Brokerages expect 25-bps US rate cut in December ahead of CPI data

December 11, 2024
(Reuters) – Major brokerages, including Morgan Stanley (NYSE:MS) and Goldman Sachs, have reiterated their expectation of a quarter-point interest rate cut by…
Economy

Bank of Canada likely to reduce interest rate by 50bps

December 11, 2024
By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is poised to cut its key policy rate by another 50 basis…
Economy

US tariffs on EU could crimp eurozone growth, UBS says

December 11, 2024
Investing.com — The imposition of a 10% US tariff on all imports from the Eurozone could significantly impact growth, according to UBS…
Economy

Philippines GDP growth hit by typhoons, but outlook robust, says World Bank

December 10, 2024
MANILA (Reuters) – The Philippine economy is expected to grow more slowly than first thought this year after the country was hit…
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