Reuters US Economy Archives - Page 624 of 625

Modi’s farm reform reversal to deter investment in India’s agriculture

6 Dec 2021 6 Dec 2021

By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) -India’s repeal of agriculture laws aimed at deregulating produce markets will starve its vast farm sector of much-needed private investment and saddle the government with budget-sapping subsidies for years, economists said. Late last year, Prime Minister Narendra Modi’s government introduced three laws meant to open up …

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UK trade minister to seek closer ties on U.S. trip, deal remains distant

5 Dec 2021 5 Dec 2021

LONDON (Reuters) – Britain will seek to strengthen its trading relationship with the United States this week when trade minister Anne-Marie Trevelyan visits New York and Washington, but a full free-trade agreement remains a distant prospect. Trevelyan will meet U.S. Trade Representative Katherine Tai and U.S. Commerce Secretary Gina Raimondo in Washington on Tuesday, and …

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China regulator says govt policies not necessarily linked to overseas IPOs

5 Dec 2021 5 Dec 2021

BEIJING (Reuters) -China’s securities regulator said on Sunday that Beijing’s recent policy moves were not aimed at specific industries or private firms, and were not necessarily linked to companies seeking to list in overseas markets. China has implemented a sweeping regulatory crackdown https://www.reuters.com/business/china-wall-street-regulatory-crackdown-not-aimed-restricting-private-firms-2021-09-20 in recent months on internet companies, for-profit education, and real estate developers, …

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Bahrain central bank plans to offer digital Dinar – Sky News Arabia

5 Dec 2021 5 Dec 2021

DUBAI (Reuters) – The Central Bank of Bahrain plans to offer a digital Dinar through a digital payments platform which will be available around the clock, Sky News Arabia reported on Sunday. The central bank also aims to gradually raise the share of financing for small- and medium-sized enterprises to 20% of the financial portfolios …

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Egypt PMI steady in Nov as input costs rise

5 Dec 2021 5 Dec 2021

CAIRO (Reuters) – Egyptian non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey showed on Sunday. IHS Markit’s Purchasing Managers’ Index (PMI) came in at 48.7 – below the 50.0 threshold that separates …

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Saudi non-oil private sector keeps expanding, jobs growth modest – PMI

5 Dec 2021 5 Dec 2021

DUBAI (Reuters) – Saudi Arabia’s non-oil private sector continued to grow in November on the back of strong demand and modest price pressures for businesses, but lower growth of new orders meant it was the least marked expansion since August, a survey showed on Sunday. The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index …

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Pakistan receives $3 billion loan from Saudi Arabia

5 Dec 2021 5 Dec 2021

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 …

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Iran currency falls as nuclear talks seem to hit roadblock

4 Dec 2021 4 Dec 2021

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 …

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Erdogan says he hopes volatile Turkish lira will steady soon

4 Dec 2021 4 Dec 2021

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 …

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Exclusive-Venezuela government paying providers in dollars – sources

3 Dec 2021 3 Dec 2021

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 …

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