Reuters US Economy

PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Monday that France’s economic growth this year will be better than the government’s forecast of 6.25%, even though inflation was currently strong and weighing on people’s spending power. “Let’s stick to the official forecast of 6.25% but I think we’ll do better,” Le Maire …

France’s Le Maire: economic growth will be better in 2021 than current 6.25% forecast Read More »

By Steven Scheer JERUSALEM (Reuters) -Israel’s banking regulator said on Monday that Israeli banks could resume regular divided payouts starting in 2022, cancelling a temporary directive made at the outset of the COVID-19 pandemic while cautioning banks over market uncertainty caused by the virus. “With the return to orderly economic activity, the need for providing …

Israeli banks may resume regular dividends in 2022, regulator says Read More »

By Dhara Ranasinghe and Saikat Chatterjee LONDON (Reuters) – Thursday’s European Central Bank meeting looks like a crucial one – officials are set to call time on pandemic-triggered stimulus. The question now is how much support to leave in its place given the emergence of the Omicron COVID-19 variant and uncomfortably high inflation. Here are …

Life after PEPP: Five questions for the ECB Read More »

LIVERPOOL, England (Reuters) – The Group of Seven major industrialized countries are concerned about the “coercive” economic policies of China, British Foreign Secretary Liz Truss said on Sunday. “We have been clear at this meeting this weekend that we are concerned about the coercive economic policies of China,” Truss said at a G7 news conference …

G7 is concerned about China’s ‘coercive’ economic policies – UK’s Truss Read More »

WASHINGTON (Reuters) – White House spokesperson Jen Psaki said on Friday the White House will defer to the Federal Reserve on decisions about whether to raise interest rates. Asked about the possibility of the Fed raising rates to fight inflation, Psaki told reporters the Fed is an independent agency and makes its own decisions. (Reporting …

White House says it defers to Fed on interest rate decisions Read More »

OTTAWA (Reuters) – The Bank of Canada and the finance ministry are scheduled hold a news conference on Monday, officials said on Friday, a clear sign they will announce the renewal of their five-year monetary policy framework. Reuters reported on Thursday the central bank would soon announce it was leaving its inflation target at 2% …

Canada Finance Minister, Bank of Canada set to unveil monetary policy framework Read More »

MOSCOW (Reuters) – The Russian economy can easily weather the carbon border tax as proposed by the European Union in July 2021, the World Bank said on Friday, calling on Moscow to take cooperative action along the global path to a green transition. The EU proposed a Carbon Border Adjustment Mechanism (CBAM), or CO2 tariff, …

Russia can weather EU’s planned carbon border tax, World Bank says Read More »

MADRID (Reuters) – Spain’s cabinet approved a suite of tax breaks for entrepreneurs and investors and simplified the process of setting up a new business on Friday as part of a new bill to make the country more attractive to startups. Known as the “startup law”, the legislation forms part of a package of reforms …

Spain to ease conditions for startups to attract entrepreneurs, investment Read More »