Reuters US Economy

By Ryan Woo BEIJING (Reuters) -China’s explicit call to cut the amount of cash banks set aside as reserves and boost lending has reinforced expectations for imminent policy easing, but economists say any credit loosening may not be enough to beat back the prospect of a deep economic downtrend. Growth in the world’s second-largest economy …

China set to loosen credit but economic woes may be too deep for quick turnaround Read More »

A look at the day ahead in markets from Sujata Rao After a hectic period, traders (and reporters) will be looking forward to the long Easter weekend but they must first get through what promises to be an eventful Thursday. Already in Asia, the normally staid Bank of Korea delivered a surprise rate hike — …

Marketmind: Central banks flying into storm clouds Read More »

By Kaori Kaneko and Takaya Yamaguchi TOKYO (Reuters) -Japan’s ruling Liberal Democratic Party (LDP) on Thursday urged the government to introduce jet fuel subsidies and launch a tourism campaign as part of a relief package to cushion the blow from global commodity inflation driven up by the Ukraine war. While the proposal did not mention …

Japan’s ruling party seeks jet fuel subsidies in govt relief package Read More »

BRASILIA (Reuters) – The Brazilian government plans an across-the-board 5% salary increase for public servants starting in July, in an effort to end protests and strikes affecting public services, two Economy Ministry sources said on Wednesday. According to one of the sources, who requested anonymity to discuss private deliberations, the move will cost the federal …

Brazil government plans 5% salary bump for public servants from July -sources Read More »

WELLINGTON (Reuters) – Tighter lending criteria and rising interest rates, coupled with inflation, continue to weigh on house prices and sales activity in New Zealand, the Real Estate Institute of New Zealand (REINZ) said on Thursday. Seasonally adjusted nationwide median house prices fell 4.8% in March from February but remain up 7.4% year on year, …

New Zealand house prices fall as interest rates and inflation weigh Read More »

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -China should help end Russia’s “heinous war” in Ukraine or face a loss of its standing in the world, U.S. Treasury Secretary Janet Yellen said on Wednesday, warning that those who seek to undermine Western sanctions face economic consequences. Yellen said in a landmark speech that she …

Yellen to China: Help stop Russia’s war in Ukraine or lose standing in the world Read More »

NAIROBI (Reuters) – Kenya plans to deport the CEO of fuel storage and distribution company Rubis Energy Kenya over a fuel crisis, The Daily Nation newspaper reported on Wednesday, citing senior government sources who said the state signed a deportation order. The government has cancelled the work permit of Jean-Christian Bergeron, who has led the …

Kenya to deport Rubis CEO amid fuel crisis – local media Read More »

(Reuters) – Russian weekly inflation fell to 0.66% in the latest week, First Deputy Prime Minister Andrei Belousov said on Wednesday. Weekly inflation in Russia slowed to 0.99% in the week to April 1 from 1.16% a week earlier, taking the year-to-date increase in consumer prices to 9.99%, data from statistics service Rosstat showed last …

Russian weekly inflation falls to 0.66% – first deputy PM Read More »

ROME (Reuters) – A plan for Italy’s Generali put forward by a rebel investor would aim to increase the insurer’s debt leverage to near 25% for any worthy operations, the CEO candidate proposed by the group’s second-largest shareholder said on Wednesday. Europe’s third-largest insurer is at the centre of a shareholder battle over the board …

Generali challenger’s plan would increase debt leverage to near 25% – paper Read More »

By Leika Kihara TOKYO (Reuters) -The Bank of Japan (BOJ) will not introduce a digital yen as a means to achieve negative interest rates, an idea sometimes discussed in academic circles, a senior central bank official said on Wednesday. In upcoming experiments on issuing a central bank digital currency (CBDC), the BOJ will explore features …

BOJ won’t introduce digital yen as means for negative rates – central bank official Read More »