By Rachna Uppal ABU DHABI (Reuters) -The United Arab Emirates’ economy expanded 7.6% last year, a senior official said on Thursday, about double the rise in gross domestic product (GDP) recorded[...]
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March 2, 2023
German policy response to energy crisis ‘very mixed’ -DIW’s Kemfert
BERLIN (Reuters) – Germany’s policy response to the energy crisis sparked by Russia’s invasion of Ukraine is “very mixed,” Claudia Kemfert from German economic research g[...]
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Pakistani rupee touches record low, bonds fall as IMF talks drag
By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Pakistan’s rupee touched a record low and its dollar bonds slumped on Thursday as the country struggles to unlock critical IMF funding, whil[...]
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Sticky inflation fuels some of ECB’s worst fears
By Balazs Koranyi FRANKFURT (Reuters) – A surprise surge in underlying inflation across the 20-nation euro zone bolstered bets for more oversized European Central Bank rate hikes this spring, wi[...]
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Mexico president to launch anti-inflation plan with Latin American counterparts
MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador said on Thursday he will launch a plan to tame inflation with other Latin American governments. Lopez Obrador said he has already s[...]
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US fourth-quarter labor costs revised higher; productivity growth lowered
WASHINGTON (Reuters) – U.S. labor costs grew faster than initially thought in the fourth quarter, though the pace has slowed from the prior quarters. Unit labor costs – the price of labor[...]
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Russia to extend capital controls amid continued economic pressure
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) -Russia’s central bank said on Thursday that it would extend capital controls affecting foreign currency withdrawals and transfers abro[...]
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China’s external environment poses serious challenges to trade – commerce minister
By Joe Cash BEIJING (Reuters) – Pressure on China’s imports and exports will increase significantly this year, Wang Wentao, commerce minister, told a news conference on Thursday, three day[...]
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ECB confronts a cold reality: companies are cashing in on inflation
By Francesco Canepa FRANKFURT (Reuters) – Huddled in a retreat in a remote Arctic village, European Central Bank policymakers faced up last week to some cold hard facts: companies are profiting[...]
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