By Syed Raza Hassan KARACHI, Pakistan (Reuters) – Pakistan on Saturday received a $3 billion loan from Saudi Arabia, the prime minister’s finance adviser said, as part of an economic support package. The South Asian country has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating …
Pakistan receives $3 billion loan from Saudi Arabia Read More »
DUBAI (Reuters) – The Iranian rial currency dipped on Saturday but remained above historic lows after news that talks with world powers to revive the 2015 Iran nuclear accord may have run into difficulties. Indirect U.S.-Iranian talks on saving the 2015 Iran nuclear deal broke off on Friday until next week, with European officials voicing …
Iran currency falls as nuclear talks seem to hit roadblock Read More »
By Azra Ceylan ISTANBUL (Reuters) -Turkish President Tayyip Erdogan said on Saturday he hoped that volatile foreign-exchange and inflation rates would stabilise shortly and he again promised low interest rates, after a historic plunge in the lira currency to record lows. The lira shed some 30% over the last month in a selloff driven by …
Erdogan says he hopes volatile Turkish lira will steady soon Read More »
By Mayela Armas CARACAS (Reuters) – Venezuela’s government – subject to sanctions by the United States and others – is increasingly paying providers in U.S. dollars as it seeks to reduce spending in its bolivar currency to control inflation, three sources with knowledge of the matter told Reuters. State oil company PDVSA, government entities and …
Exclusive-Venezuela government paying providers in dollars – sources Read More »
By Andrea Shalal WASHINGTON (Reuters) – The U.S. Treasury on Friday kept Germany on its Monitoring List for problematic currency practices and urged the incoming coalition government to keep up its “bold” COVID-19 spending rather than return to persistent fiscal surpluses. In its semi-annual currency report, Treasury said Germany had extended most pandemic fiscal support …
U.S. Treasury tells new German government: Be bold, keep spending Read More »
By Julie Gordon OTTAWA (Reuters) – Canada’s economy posted an unexpectedly large job gain in November, driving the jobless rate down and hours worked up to pre-pandemic levels, data showed on Friday, but economists say it is unlikely to change the Bank of Canada’s guidance amid worries over a new coronavirus variant. The Canadian economy …
Canada posts hefty job gains, but outlook clouded by Omicron variant Read More »
TORONTO (Reuters) – The Canadian economy added a net 153,700 jobs in November, beating expectations, and the jobless rate slipped to 6.0% from 6.7% in October, Statistics Canada said on Friday. Economists polled by Reuters had predicted a gain of 35,000 jobs in November and for the unemployment rate to fall to 6.6%. STORIES: Market …
Instant View: Canada reports bumper job gains, unemployment rate dips to 6.0% Read More »
(Reuters) – U.S. bond funds witnessed a surge in outflows in the week to Dec. 1 on rising prospects that the U.S. Federal Reserve will ramp up the pace of unwinding its bond purchases and will lift rates as soon as mid-2022. According to Refinitiv Lipper data, investors sold U.S. bond funds worth a net …
U.S. bond funds see higher outflow in the week to Dec. 1 -Lipper Read More »
(Reuters) – Global equity funds faced massive outflows in the week ended Dec. 1 on worries about the economic impact from the spread of the Omicron coronavirus variant, while the U.S. Federal Reserve’s hawkish tilt on unwinding its stimulus support also added to investor concerns. Investors sold global equity funds worth a net $15.56 billion, …
Global equity funds see biggest outflow in over seven months – Lipper Read More »
By Swathi Nair and Sarupya Ganguly BENGALURU (Reuters) – The Bank of Canada will raise interest rates by the end of the third quarter next year, according to nearly all economists polled by Reuters, with a growing minority expecting a first hike as early as end-June. Those expectations, based on the view inflation is less …
Bank of Canada Q3 2022 rate hike expected, Q2 rise possible: Reuters poll Read More »
