By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund (IMF) mission in Sri Lanka will evaluate progress made on reforms so far and complete an exercise to improve governance in key a[...]
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May 15, 2023
Fed’s Goolsbee says May rate hike was ‘close call’ for him
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Monday that his decision to support an interest rate hike at the U.S. central bank’s most recent meeting in May w[...]
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India’s April merchandise and services trade deficit at 21-month low
By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) – India’s merchandise and services trade deficit narrowed to a 21-month low in April as imports dropped partly due to some slackenin[...]
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African Devt Bank proposes ‘fast track’ compensation for Zimbabwe white ex-farmers
By Nyasha Chingono HARARE (Reuters) – The African Development Bank (AFDB) has developed financial instruments to “fast track and front load” $3.5 billion in compensation to white far[...]
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China central bank to keep liquidity ample, support economic recovery
BEIJING (Reuters) – China’s central bank said on Monday it would keep liquidity reasonably ample and interest rates reasonable and appropriate, focusing on supporting domestic demand amid[...]
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Global equity funds see 4th week of outflows on slowdown worries
(This May 12 story has been corrected to change the inflation-linked bonds’ outflows to $125.3 million from $268 billion in paragraph 13) By Patturaja Murugaboopathy (Reuters) – Global equ[...]
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Take Five: A summit with a ceiling
(Reuters) -Right now, it’s all about deadlines, as lawmakers race to thrash out a deal on the U.S. borrowing limit, time runs short for Russia and Ukraine to agree on how to keep grain exports f[...]
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Euro zone industry output falls sharply, with Ireland plunge
BRUSSELS (Reuters) – Euro zone industrial production fell by far more than expected in March as output of capital goods plunged, although the sharp reduction appeared to be a result of figures f[...]
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EU exec sees stronger 2023, 2024 euro zone growth, but higher inflation
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone economic growth will be faster than previously expected this year and next thanks to faster expansion in Italy and Spain, but inflation will al[...]
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