Reuters US Economy

(Reuters) – The United States and Saudi Arabia signed 18 partnership agreements in fields including energy, communications, space and healthcare during a visit by U.S. President Joe Biden, Saudi state TV al-Ekhbariya reported. The agreements include deals with U.S. aerospace and defence firms Boeing and Raytheon, as well as healthcare companies Medtronic, Digital Diagnostics, and …

U.S. and Saudi Arabia sign 18 agreements in energy, other areas -state TV Read More »

MOSCOW (Reuters) – The Russian government approved investing up to a half of its rainy-day National Wealth Fund (NWF) in Russian state bonds, a decree showed on Friday, months after foreign investors stopped buying high-yielding debt papers. After Moscow started what it calls a “special military operation” in Ukraine on Feb. 24, the finance ministry …

Russian government OKs investing 50% of rainy-day fund in OFZ bonds Read More »

SANTIAGO (Reuters) -Chile’s central bank announced a $25 billion intervention in the foreign exchange market to support the peso after it fell to a record low, giving the currency a boost on Friday. In a statement released Thursday night, the bank said the peso had depreciated with unusually high intensity and volatility over the last …

Chile central bank to intervene in currency market after peso slump Read More »

(Reuters) – The European Central Bank is late to the rate-hike party but at least it’s on its way, unlike the Bank of Japan. But both banks will find their plans for tackling the inflation versus growth dilemma confronting the world’s central banking elite examined closely. The news elsewhere could make for more grim reading. …

Take Five: A world of pain, about to get worse Read More »

By Saikat Chatterjee A look at the day ahead in markets from Saikat Chatterjee. China’s economic growth data on Friday is a stark reminder of the challenges facing global policymakers. Gross domestic product fell 2.6% in the second quarter from the previous quarter, official data showed, compared with expectations for a 1.5% decline. That means …

Marching into the clammy grip of recession Read More »

By Francesco Canepa and Gavin Jones FRANKFURT/ROME (Reuters) – Ten years after Mario Draghi’s “whatever it takes” pledge saved the euro, Italy is once again in the middle of a debt crisis – but the country’s prime minister and former head of the European Central Bank may struggle to solve this one. Just like a …

Ten years on, Italy faces debt crisis Draghi may not solve Read More »

By Mike Dolan LONDON (Reuters) – A more insular world economy will come at a high price if the era of global currency reserve building follows globalisation into reverse. By some estimates, it could risk up to half the bond bull run of the past 30 years and usher in a protracted period of higher …

Column: Undermining half the 30-year bond bull run: Mike Dolan Read More »

LIMA (Reuters) – Peruvian Finance Minister Oscar Graham said on Thursday that he still expects the country’s economy to grow 3.6% in 2022, reiterating an earlier forecast despite growing concerns about the potential for a worldwide economic slowdown. “With the information we have from the first four months, we still maintain the 3.6% forecast, however …

Peru maintains 3.6% growth forecast for 2022 despite slowdown concerns Read More »

WARSAW (Reuters) – Poland’s central bank said on Thursday it will ask prosecutors to investigate opposition leader Donald Tusk for threatening behaviour, after the former European Council president said its governor was reappointed illegally and should be sacked. The move marks an escalation in a war of words between central bank chief Adam Glapinski and …

Polish central bank threatens legal action against Tusk over ‘threats’ Read More »