By Joe Cash BEIJING (Reuters) -China’s urban employment fell for the first time in six decades last year and per capita spending also marked a rare decline, as harsh COVID-19 curbs ravaged the world’s second-biggest economy. The new data from the National Bureau of Statistics also showed the smallest income growth in more than three …
China urban employment, per capita spending logged rare declines in 2022 Read More »
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – Bank of America Corp promoted Lindsay Hans to lead its Merrill Private Wealth Management, international and institutional groups, the company said on Monday. Hans’ appointment takes immediate effect after her predecessor, Don Plaus, decided to retire after 32 years with the company. She has overseen …
BofA promotes Lindsay Hans to lead private wealth management Read More »
By Howard Schneider WASHINGTON (Reuters) -Inflation for a broad array of services in the United States remains “stubbornly high,” Federal Reserve Governor Philip Jefferson said Monday, though slower-growing wages might help slow prices in those parts of the economy as well. Though the Fed has seen some progress in slowing price increases for goods and …
Fed’s Jefferson: “No illusion” inflation fight will be quick Read More »
BRASILIA (Reuters) – The Brazilian government is closely monitoring the credit market to ensure liquidity and considering measures for specific sectors, Treasury Secretary Rogerio Ceron said on Monday. His comments come amid concerns of the new leftist administration of President Luiz Inacio Lula da Silva regarding the impact of high borrowing costs on economic growth, …
Brazil is closely monitoring credit market to ensure liquidity -Treasury Read More »
BRASILIA (Reuters) – Brazil Finance Minister Fernando Haddad told reporters on Monday that the names to head two top central bank positions would not be released by the government this week, when the terms of the current directors expire. Both the terms of Bruno Serra, director of Monetary Policy, and Paulo Souza, director of Supervision, …
Brazil’s Haddad says central bank nominees not to be disclosed this week Read More »
BRASILIA (Reuters) – Brazil’s central government posted a better-than-expected primary budget surplus in January on the back of record tax revenues, Treasury data showed on Monday, although the outlook for the year is for a large deficit. The central government, comprised of the Treasury, central bank and social security, reported a primary budget surplus of …
Brazil’s central govt tops expectations with record January budget surplus Read More »
By Lucia Mutikani WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods increased by the most in five months in January while shipments of those so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter. Some of the larger-than-expected rise in core capital goods orders …
U.S. core capital goods orders post largest gain in five months; shipments surge Read More »
By Shankar Ramakrishnan (Reuters) -Some highly rated U.S. companies have issued bonds that convert to shares to raise several billion dollars so far this year, in what bankers said signals a shift in a market that has long been dominated by companies with few other options to raise money. Investment-grade-rated companies have traditionally avoided such …
Some highly rated US companies take unusual funding route as rates rise Read More »
COLOMBO (Reuters) – The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka a $400 million cross-currency swap facility to help fund essential imports. Three private banks, which together deal with over 30% of Sri Lanka’s remittances and exports, will receive the facility to fund essential imports, including medicine, …
World Bank’s IFC to provide Sri Lanka with $400 million financing Read More »
ISTANBUL (Reuters) – Turkey’s foreign trade deficit widened 38.4% year-on-year to $14.24 billion in January, official data showed on Monday, with imports surging 20.7% and exports up 10.3%. The Turkish Statistical Institute said imports climbed to $33.61 billion in January, while exports rose to $19.37 billion. Under an economic programme unveiled in 2021, Turkey aims …
Turkish trade deficit jumps 38% to $14.2 billion in January Read More »
