BERLIN (Reuters) – The outlook for employment in Germany, Europe’s largest economy, is positive for the first quarter of next year, the Ifo economic institute said on Wednesday. German unemployment rose in November, though the overall labour market remains stable despite high energy prices and record inflation, the latest official figures showed late last month. …
German employment outlook for Q1 2023 is positive – Ifo Read More »
BERLIN (Reuters) – German consumer sentiment is set to extend its recovery heading into the new year as government relief measures meant to take the bite out of soaring energy prices seem to be having an effect, a GfK institute survey showed on Wednesday. The institute said its consumer sentiment index rose to -37.8 heading …
German consumer sentiment maintains upward trajectory -GfK Read More »
By Mike Dolan LONDON (Reuters) – It’s the time of year for financial and economic forecasting – but you may do as well ignoring them all. An ordinary year assessing the ebb and flow of the business cycle is often tricky enough. Inherent uncertainty about the future sees to that – there’s no crystal ball. …
Column-Forecasts become a vortex of guesswork: Mike Dolan Read More »
DAKAR (Reuters) – The International Monetary Fund’s executive board has concluded a third programme review allowing for an immediate disbursement of about $203 million to Democratic Republic of Congo, it said on Tuesday. Congo has a three-year, $1.5 billion extended credit facility programme with the lender agreed last year, to help meet financing needs associated …
IMF board approves $203 million disbursement to Democratic Republic of Congo Read More »
By Andrea Shalal WASHINGTON (Reuters) -The World Bank on Tuesday said it had approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine as the war with Russia continues. The package includes an additional $500 million loan from the World Bank’s International Bank for Reconstruction and Development (IBRD) …
World Bank approves additional $610 million in financing for Ukraine Read More »
(Reuters) – U.S. companies borrowed 9% more to finance their equipment investments in November from a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday. The companies signed up for $8.6 billion in new loans, leases and lines of credit last month, compared with $7.9 billion a year earlier, according to …
U.S. business equipment borrowings rise 9% in November – report Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved tax measures to help boost public consumption to support the economy as it recovers, the finance minister said. The tax measures include a tax deduction of 40,000 baht ($1,149.4) for shoppers on goods purchases from Jan. 1 to Feb. 15, Finance …
Thailand approves tax breaks to boost public consumption Read More »
PARIS (Reuters) – The French and broader European economy should not suffer any “crash” or “hard landing”, European Central Bank (ECB) member and Bank of France head Francois Villeroy de Galhau told BFM TV on Tuesday. “France should be able to avoid a recession,” he added. On Saturday, the Bank of France forecast that the …
There should not be any ‘crash’ in French and European economy – ECB’s Villeroy Read More »
BERLIN (Reuters) – Sentiment among German exporters rose for the third month in a row in December, reaching its best reading since June, according to a survey by the Ifo economic institute published on Tuesday. “When it comes to their exports, German manufacturers are cautiously optimistic as they head into the new year,” said Ifo …
Sentiment among German exporters brightens for third month in a row – Ifo Read More »
BERLIN (Reuters) – Bundesbank President Joachim Nagel asked the German public for patience in bringing down inflation, warning in an interview with broadcaster N-TV on Thursday that the impact of rate rises could take up to two years to take effect. Nagel, among the ECB hawks who generally favour higher rates, pointed to the bank’s …
ECB’s Nagel pleads with Germans for patience in combating inflation Read More »
