By Michel Rose CHALAMPE, France (Reuters) -President Emmanuel Macron on Monday touted 21 new foreign investment projects in France and a booming economy as proof his economic reforms have been bearing fruit less than three months before a presidential election in which he is expected to run. During a visit to Alsace in the east, …
Macron touts rosy French economy, new jobs ahead of election Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years, raising doubts about its ability to pay its creditors. On Tuesday, the island nation will repay $500 million towards an international sovereign bond, the first tranche of a total of $4.5 billion …
Explainer-Sri Lanka on the edge as debt burden mounts Read More »
(Reuters) -With U.S. earnings season well underway, banking heavyweights such as Goldman Sachs are lining up to report next. The Bank of Japan is the first major central bank to meet in 2022 and investors get a slew of China data to pour over. Davos goes virtual for a second year and how long will …
Take Five: U.S. bank earnings, BoJ and (another) virtual Davos Read More »
(Reuters) – Australian retail conglomerate Wesfarmers Ltd on Monday said it expects to report first-half net profit after tax between A$1.18 billion ($851.72 million) and A$1.24 billion, a drop from last year’s A$1.41 billion hurt by coronavirus-induced restrictions. The Kmart Group, one of the top revenue-contributing units of Wesfarmers, lost about a quarter of its …
Australia’s Wesfarmers flags lower first-half profit hurt by coronavirus curbs Read More »
BEIJING (Reuters) – China’s state planner on Sunday urged local governments to minimise the impact from COVID-19 restrictions over the upcoming Lunar New Year holiday to help a rebound in consumption, as rising cases of the Omicron variant threaten economic growth. “Local governments should avoid simplified, one-size-fits-all … COVID-19 epidemic and control measures (over the …
China urges local govts to minimize impact from COVID-19 curbs over Lunar New Year Read More »
By Deisy Buitrago BARINAS, Venezuela (Reuters) – Cattle ranchers in Barinas state, one of Venezuela’s main agricultural regions, milk their herds in the small hours each morning before selling the milk in dollars to make ends meet, as a lack of credit worsens a long-running economic crisis. Venezuela’s agriculture industry has been hit by years …
Milk for dollars helps Venezuela’s ranchers weather economic woes Read More »
LIMA (Reuters) – The Peruvian economy grew by 3.47% year-on-year in November, the lowest rate since March, the government said on Saturday, citing an advance in consumption that was offset by a drop in the country’s key mining sector beset by environmental protests. In November of 2020, the economy of the world’s second largest copper …
Peru’s economy grows 3.47% in November, but mining contracts amid protests Read More »
By Ali Kucukgocmen ISTANBUL (Reuters) -Turkey’s annual inflation rate will be in single digits by the time presidential and parliamentary elections set for mid-2023 are held, Finance Minister Nureddin Nebati said on Saturday. Inflation hit a 19-year high of 36% in December after the central bank slashed interest rates under pressure from President Tayyip Erdogan, …
Turkish finance minister sees single-digit inflation by mid-2023 Read More »
MEXICO CITY (Reuters) -An arbitration panel looking at a Mexican complaint regarding U.S. interpretation of how free trade rules apply to the continental automotive industry should make a ruling by the third quarter of this year, Mexican Economy Minister Tatiana Clouthier said on Friday. Canada on Thursday indicated that it would join Mexico in requesting …
Mexico says panel should rule on auto dispute with U.S. by Q3 Read More »
BEIRUT (Reuters) -Lebanon’s central bank said on Friday it aimed to boost the Lebanese pound’s value by easing restrictions on dollar purchases after the currency hit a record low, fuelling fresh protests about rising prices and a collapsing economy. The pound, which has lost more than 90% of its value since Lebanon’s financial crisis erupted …
Lebanese central bank seeks to strengthen currency after slump Read More »
