Reuters US Economy

TOKYO (Reuters) – Japan’s government has decided on an emergency economic package to help alleviate the pain on industries and households from sweeping U.S. tariffs, Prime Minister Shigeru Ishiba said on Friday. The package includes stronger support for corporate financing, as well as subsidies to lower gasoline prices by 10 yen ($0.0700) per litre and …

Japan puts together economic package to help ease tariff pain, PM Ishiba says Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes rose on Thursday, with technology shares leading Wall Street higher as investors awaited further developments in the U.S.-China trade conflict, while the dollar slipped after recent gains. The S&P 500 technology sector jumped 3.5% on the day, the most of any sector in the benchmark index. …

Stocks jump with tech shares; dollar dips after recent gains Read More »

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The International Monetary Fund’s managing director Kristalina Georgieva said on Thursday that Argentina should not “derail the will for change” in the upcoming midterm elections, in a rare comment on local politics from the global lender. Georgieva said Argentina has demonstrated decisiveness in putting its economy on …

IMF’s Georgieva urges Argentina to ‘stay the course’ on economic policy Read More »

WASHINGTON (Reuters) -European Central Bank policymaker Olli Rehn on Thursday played up the chance of an interest rate cut in June as the ECB’s new forecasts “may well” point to inflation falling too far. The ECB cut rates for the seventh time in a year last week and warned that economic growth will take a …

ECB policymaker Rehn plays up chance of rate cut in June Read More »

By William Schomberg WASHINGTON (Reuters) -Bank of England Governor Andrew Bailey said on Thursday he was focused on an expected shock to economic growth from U.S. President Donald Trump’s import tariffs and retaliatory measures by other countries, but did not foresee a recession in Britain. “We are certainly quite focused on the growth shock,” Bailey …

Bank of England’s Bailey focuses on growth hit from tariffs Read More »