By Jorge Otaola BUENOS AIRES (Reuters) – Argentina and the International Monetary Fund (IMF) are zeroing in on an agreement for more flexible currency reserves targets this year dependant on the[...]
Read more
March 3, 2023
How deep are Egypt’s economic troubles?
CAIRO (Reuters) – Egypt’s economy has come under severe pressure over the past year, with the Egyptian pound tumbling, foreign currency drying up, and inflation soaring. WHAT CAUSED EGYPT[...]
Read more
Fed Collins reiterates more rate rises need to squish inflation
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston leader Susan Collins reiterated in comments made public Friday that more central bank rate rises will be needed to lower h[...]
Read more
China’s central bank says will adjust policy in a timely way as economy recovers
By Kevin Yao BEIJING (Reuters) -China’s central bank will adjust monetary policy in a timely and appropriate manner, and cutting banks’ reserve requirements to release long-term liquidity[...]
Read more
US services sector grows steadily; prices stubbornly high
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. services sector grew at a steady clip in February, with new orders and employment rising to more than one-year highs, suggesting the economy con[...]
Read more
Fed “acutely aware” of trouble inflation is causing – report
By Howard Schneider WASHINGTON (Reuters) -The U.S. Federal Reserve is “acutely aware” of the challenges high inflation poses to the economy and is “strongly committed” to its 2[...]
Read more
European shares lifted by miners’ best week in nearly two years
By Shreyashi Sanyal, Johann M Cherian and Bansari Mayur Kamdar (Reuters) – European shares rose on Friday as hopes the U.S. Federal Reserve could adopt a measured approach to rate hikes lifted t[...]
Read more
Take Five: A manic March
(Corrects date of Fed meeting in theme 4, par 23 to March 22 from March 16.) LONDON (Reuters) -It’s an action-packed week ahead for world markets again grappling with the prospect of major centr[...]
Read more
Zimbabwe adopts new inflation rate based on U.S. dollar, local currency
HARARE (Reuters) – Zimbabwe will from now on measure inflation using a weighted average of items priced in Zimbabwean dollars and U.S. dollars, the government said on Friday. Previously the offi[...]
Read more