By Nayera Abdallah and Nadine Awadalla CAIRO (Reuters) – Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budg[...]
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June 13, 2023
China cuts short-term borrowing costs to support recovery
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market con[...]
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Exclusive-Pakistan paid in Chinese currency for discounted Russian oil – minister
By Ariba Shahid and Asif Shahzad ISLAMABAD (Reuters) -Pakistan paid for its first government-to-government import of discounted Russian crude oil in Chinese currency, the South Asian country’s p[...]
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China’s May new loans miss forecasts, more stimulus likely
By Judy Hua and Kevin Yao BEIJING (Reuters) – China’s new bank loans picked up in May from the previous month, as the central bank kept policy accommodative to support the economy, but sig[...]
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German investor morale improves but challenges remain – ZEW
BERLIN (Reuters) -A modest improvement in investor morale in June fuelled hopes on Tuesday that Germany’s current recession could be a mild one, but economists were quick to warn that there was[...]
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Fed kicks off meeting-by-meeting policymaking amid high uncertainty
By Ann Saphir and Michael S. Derby (Reuters) – Federal Reserve officials sit down Tuesday for their first meeting in 15 months with no pre-determined interest rate hike on the table in what amou[...]
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Marketmind: Inflation anxiety, yet S&P 500 keeps on running
A look at the day ahead in U.S. and global markets from Samuel Indyk. Jerome Powell and his band of brothers on the Federal Open Market Committee will be sitting nervously. At 0830 EDT (1230 GMT), the[...]
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US small business sentiment edges up in May, NFIB says
WASHINGTON (Reuters) – U.S. small business confidence rebounded in May, but worries about the economy’s outlook and inflation remained, according to a survey released on Tuesday that also[...]
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World Bank’s new chief Banga to sharpen focus on projects with measurable impact
By David Lawder LIMA (Reuters) – World Bank President Ajay Banga wants the lender to focus on more “scalable, replicable” projects across Latin America and elsewhere for transport an[...]
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