LONDON (Reuters) – Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain’s king…
Category: Economy
Peru gets 300 million euros credit from German bank KfW for digital transformation
(Reuters) – Peru’s government said on Saturday that it would receive a credit of up to 300 million euros ($325.08 million) from the German bank KfW Development Bank to spend on a…
Saudi Arabia’s net foreign direct investment rises 5.6% in first quarter
DUBAI (Reuters) – Net foreign direct investment (FDI) inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion) in the first quarter of 2024, government data showed on Sunday. Inflows…
World Bank approves $1.25 billion loans for the Philippines
MANILA (Reuters) – The World Bank said on Saturday its board of executive directors has approved $1.25 billion in loans for the Philippines’ education and public infrastructure sectors. In a statement, the…
Global 2% wealth levy a starting point for taxing super-rich, says proposal author
By Marcela Ayres BRASILIA (Reuters) – An annual 2% levy on fortunes exceeding $1 billion is the starting point for a global proposal to increase the burden on undertaxed billionaires, French economist…
India approves $9-billion port to boost trade with Europe
NEW DELHI (Reuters) – India’s cabinet approved development on Wednesday of a new deep-water port that the government said will be a crucial part of a plan to connect the Asian country…
IDB eyes joint goals statement with multilateral banks on Saturday
By Marcela Ayres WASHINGTON (Reuters) – The Inter-American Development Bank plans to release a statement on Saturday with joint goals of multilateral development banks that is expected to entail priority-sharing and the…
US stocks end down, crude slides amid Fed, geopolitical crosscurrents
By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed lower on Wednesday as crude prices tumbled and investors weighed cautious U.S. Federal Reserve commentary and ongoing geopolitical strife against mixed quarterly earnings….
US dollar weakens as market consolidates gains, but uptrend intact
By Herbert Lash and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar on Wednesday fell for the first time in six days, as investors consolidated gains after Federal Reserve officials repeated the interest…
Oil settles down 3% as demand worries outweigh Middle East supply risks
By Laura Sanicola (Reuters) -Oil prices settled down 3% on Wednesday, pressured by a rise in U.S. commercial inventories, weaker economic data from China and U.S. progress on Ukraine and Israel aid…