Category: Economy

Greenback strength to persist on delayed Fed rate cut calls
May 2, 2024 No Responses

Greenback strength to persist on delayed Fed rate cut calls

By Sarupya Ganguly BENGALURU (Reuters) – A rallying U.S. dollar will stand resolute and may even trade more strongly than predicted in coming months if the policies of the Federal Reserve and other major central banks diverge, according to FX...
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Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks
March 13, 2024 No Responses

Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply disruptions after Ukrainian attacks on...
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Pakistan to ask for new, longer-term bailout during IMF review
March 13, 2024 No Responses

Pakistan to ask for new, longer-term bailout during IMF review

By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -The International Monetary Fund (IMF) will hold a second and last review of Pakistan’s $3 billion stand-by arrangement (SBA) this week, the finance ministry and the IMF said on Wednesday, during which...
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Ukrainian drones damage Russian oil refineries in second day of attacks
March 13, 2024 No Responses

Ukrainian drones damage Russian oil refineries in second day of attacks

By Guy Faulconbridge and Lidia Kelly MOSCOW (Reuters) – Ukraine struck Russian oil refineries in a second day of heavy drone attacks on Wednesday, causing a fire at Rosneft’s biggest refinery in one of the most serious attacks against Russia’...
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Room for Hungary rate policy moves is narrowing, central bank warns
March 13, 2024 No Responses

Room for Hungary rate policy moves is narrowing, central bank warns

By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank on Wednesday repeated a warning that government moves to curb its independence could limit the room for monetary policy manoeuvring as Prime Minister Viktor Orban moved to tighten overs...
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March 13, 2024 No Responses

US lawmakers to propose legislation seeking more scrutiny of Chinese real estate purchases

By David Shepardson WASHINGTON (Reuters) – Two U.S. lawmakers are set to introduce legislation on Thursday to significantly expand government foreign investment reviews of real estate purchases by buyers from China and other foreign countries posing nati...
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China gives details of equipment and consumer goods trade-in plan
March 13, 2024 No Responses

China gives details of equipment and consumer goods trade-in plan

BEIJING (Reuters) – China’s cabinet on Wednesday issued details of its plan to promote large-scale equipment upgrades and sales of consumer goods, one of a series of steps China is taking to boost the economy which has struggled to recover...
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