(Reuters) – New Zealand will make temporary changes to immigration rules, a minister said on Sunday, aiming to lure 12,000 workers over the next year with a working holiday scheme designed to fill labour gaps as businesses scramble to find staff. The jostling for workers is part of a global trend that has helped push …
New Zealand to temporarily boost worker intake amid shortfall Read More »
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr asked Congress on Monday for a record 5.29 trillion pesos ($94.40 billion) government budget in 2023 to support an ambitious policy agenda aimed at boosting growth and lifting millions out of poverty. Marcos’ proposed budget, which is equal to 22.2% of the country’s total economic output, is …
Philippines’ Marcos seeks record $94 billion budget for 2023 Read More »
LONDON (Reuters) -More than 1,900 workers at Britain’s biggest container port are due on Sunday to start eight days of strike action which their union and shipping companies warn could seriously affect trade and supply chains. The staff at Felixstowe, on the east coast of England, are taking industrial action in a dispute over pay, …
Workers at UK’s biggest container port Felixstowe due to begin 8-day strike Read More »
By Horacio Soria BUENOS AIRES (Reuters) – Some women wore black funeral attire and sported flower crowns. Other people in the procession in Buenos Aires carried a gigantic coffin. But this funeral procession in the Argentine capital was not honoring a person. Instead it was to mourn the “death” of the wages of Argentine workers …
‘The paycheck has died’: Argentine workers hold funeral for wages Read More »
(Reuters) – Global ratings agency S&P Global on Friday raised Ukraine’s foreign currency sovereign credit ratings, noting the country has completed a distressed debt restructuring. The long- and short-term foreign currency sovereign credit ratings are now raised to “CCC+/C” from “SD/SD”, S&P said. Last week, Ukraine’s overseas creditors backed its request for a two-year freeze …
S&P Global increases Ukraine’s foreign currency rating Read More »
(Reuters) – Retail favorites GameStop and AMC Entertainment fell on Friday, undoing much of their recent gains after billionaire Ryan Cohen abruptly dumped his stake in struggling retailer Bed Bath & Beyond days after he took a bullish options position in the stock. Bed Bath & Beyond Inc’s shares extended their plunge, falling 42% to …
Meme stocks in reverse as Bed Bath & Beyond slump spooks investors Read More »
KARACHI, Pakistan (Reuters) – Pakistan named Jameel Ahmad, a deputy governor of the State Bank of Pakistan (SBP), as the central bank’s new governor on Friday, appointing him for a five-year term. The Pakistani central bank had been without a full-time governor since May and one of Ahmad’s first tasks will be to chair a …
Pakistan picks central bank veteran Jameel Ahmad as new governor Read More »
By Nelson Bocanegra BOGOTA (Reuters) – An expected slowing of Colombia’s economic growth and more gradual rise in inflation suggest a lesser need for interest rate hikes as rates get closer to peaking, central bank board member Roberto Steiner said on Thursday. The bank’s board has raised the benchmark interest rate by 725 basis points …
Colombia interest rate rises close to their end – policymaker Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Inflation figures from Japan, which could put the central bank’s ultra-loose monetary policy under even more intense scrutiny, and a smattering of Chinese earnings are the juiciest morsels for investors in Asia to get their teeth into on Friday. Analysts expect …
Marketmind: Japan inflation could pile pressure on yen, BOJ Read More »
By Ali Kucukgocmen and Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank shocked markets on Thursday by cutting its main interest rate by 100 basis points to 13%, saying it needed to keep driving economic growth despite inflation hitting nearly 80% and a monetary tightening trend among its peers worldwide. The lira dropped as much …
Turkey’s cenbank shocks with 100 basis point rate cut despite soaring inflation Read More »
