Reuters US Economy

By Christian Kraemer and Maria Martinez BERLIN (Reuters) – German Finance Minister Christian Lindner considers the budget demands made by his government coalition partners to be excessive and “simply unrealistic”, he told Reuters in a TV interview on Monday. “Their wishes are disconnected from the economic fundamentals,” Lindner told Reuters in response to a question …

Budget demands of German coalition partners unrealistic, says finance minister Read More »

By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90% from last year as the rupee’s depreciation slowed down imports, the central bank said on Monday. In less than a month, the cash strapped nation’s currency has lost more than a quarter of its …

Pakistan current account deficit falls to $0.2 billion in Jan – cenbank Read More »

CAIRO (Reuters) -Lebanon’s embattled central bank chief Riad Salameh said on Sunday he would leave his post once his latest term ends in July even if he is asked to stay longer. “No one has asked me to continue [as central bank chief] but even if they do, I think this is enough,” he said …

Lebanon’s central bank chief says he will not renew his term Read More »

By Kanishka Singh WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai on Friday met with European Union Executive Vice President Valdis Dombrovskis and discussed the U.S. Inflation Reduction Act, Tai’s office said in a statement. EU countries fear the U.S. legislation’s $369 billion of subsidies for electric vehicles and other clean technologies could put companies …

U.S. trade official Tai discussed Inflation Reduction Act with EU’s Dombrovskis Read More »

WASHINGTON (Reuters) – The International Monetary Fund on Friday said it reached a staff-level agreement with Ukraine, setting the stage for talks on a full loan program that would support Kyiv’s economy and its bid to join the European Union. The IMF said the agreement on the first and final review of a Program Monitoring …

IMF, Ukraine reach staff-level deal, paving way for full loan talks Read More »

By Lindsay Dunsmuir and Howard Schneider (Reuters) -Two Federal Reserve officials on Friday added to a chorus of U.S. central bankers this week in signaling that interest rates will need to go higher in order to successfully quash inflation, although one guarded against inferring too much from recent unexpectedly-strong economic data. “I think there’s a …

More Fed policymakers point to higher rates in inflation fight Read More »

(Reuters) – Russia’s central bank said on Friday that inflationary pressures across the economy had remained strong during the first two weeks of February, citing a slump in the rouble as a factor. Russia recorded inflation of 11.8% on an annual basis in January, almost three times the central bank’s official 4% target. It signalled …

Russia’s central bank says falling rouble driving inflation higher Read More »