Economy News

By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in April as households boosted purchases of goods and services, and the increase in...

By Ann Saphir and Howard Schneider (Reuters) - Evidence U.S. inflation is cooling will not budge Federal Reserve policymakers from half-point interest rate hikes planned for...

SOFIA (Reuters) - Bulgaria's government on Friday approved a plan to join the euro zone as of Jan. 1, 2024, amid concerns within the ruling coalition over the lack of detailed...

(Reuters) -Russia needs huge financial resources for its military operation in Ukraine, Finance Minister Anton Siluanov said on Friday, putting the amount of budget stimulus for...

By Julie Gordon Canada's budget deficit in fiscal 2021/22 shrank to C$95.57 billion ($75.02 billion) from C$314.00 billion in the previous year, as emergency spending on the...

WASHINGTON (Reuters) -The administration of President Joe Biden has not made a final decision on student loan cancellation, a White House spokesperson said on Friday, after a news...

BERLIN (Reuters) - A lack of transparency in China's lending poses a threat to developing and emerging countries and could trigger a new debt crisis, German Chancellor Olaf Scholz...

By Sujata Rao and Saikat Chatterjee LONDON (Reuters) - Worsening economic data may force central banks to blink and take a less aggressive rate-rise stance, money markets are...

(Reuters) -The Russian rouble extended its losses on Friday after plunging in the previous session as the country's central bank slashed interest rates, signalling more cuts, and...

By Iain Withers LONDON (Reuters) - The London office of one of Canada's top banks Canadian Imperial Bank of Commerce (CIBC) has been accused of operating a hostile and degrading...

By Abhijith Ganapavaram (Reuters) -Southwest Airlines Co and JetBlue Airways (NASDAQ:JBLU) Corp on Thursday gave upbeat revenue forecasts for the current quarter on strong travel...

By Sergio Goncalves LISBON (Reuters) -Ryanair Group Chief Executive Michael O'Leary said on Wednesday bookings looked very strong for the summer and the load factor should...

By Nichola Saminather TORONTO (Reuters) -National Bank of Canada closed out a mostly strong quarter for Canadian lenders on Friday, reporting second-quarter profit that beat...

(Reuters) - Russia's central bank on Friday authorised Russian residents to buy shares in companies from "friendly" countries, provided the transactions were denominated in...

(Reuters) - Russia will keep on paying its state Eurobond obligations in roubles and will defend its role as a reliable borrower by all possible means, Finance Minister Anton...

(Reuters) - U.S. equity funds attracted net inflows in the week to May 25 as shares rallied, with stock markets breaking the longest streak of weekly declines since the dotcom...

SHANGHAI (Reuters) -State-backed Chinese property developer Greenland Holdings said on Friday it plans to extend the repayment of its $488 million offshore bond maturing in June...

(Reuters) - Global equity funds saw money inflows in the week to May 25 as some investors took heart from a rebound in markets this week, after sharp declines in stock markets in...

By Geoffrey Smith  Investing.com -- The U.S. releases April data for personal income and spending - and the Fed's preferred measure of inflation, the Personal Consumer Expenditures...

By Geoffrey Smith  Investing.com -- Italian Prime Minister Mario Draghi called Russian President Vladimir Putin late on Thursday in an effort to relieve the pressure on world grain...

By Takaya Yamaguchi TOKYO (Reuters) - Japan aims to "drastically strengthen" its military capabilities, according to an economic policy draft seen by Reuters, as officials worry...

LONDON (Reuters) - It's all about the data. Investors are assessing how much U.S rate hikes are biting, whether euro zone inflation is near peaking and how damaging China's COVID...

(Bloomberg) -- Rishi Sunak has bought himself, and UK households, time with his latest £15 billion ($19 billion) aid package, but an unfriendly outlook for energy prices means he’s...

TOKYO (Reuters) - The Bank of Japan included information on measures it is taking to combat climate change, such as figures on its energy use and carbon dioxide emissions, as...

(Reuters) - Spanish retail sales rose 1.5% in April from a year earlier on a seasonally and calendar-adjusted basis, after falling 4.1% in March, the National Statistics Institute...

A look at the day ahead in markets from Sujata Rao. So what if oil prices are up 50% this year? The long Memorial Day weekend will see some 39 million Americans hitting the road...

MANILA (Reuters) - Philippine central bank governor Benjamin Diokno, who takes on a new role as finance secretary next month, said on Friday he does not favour raising taxes even...

By Mike Dolan LONDON (Reuters) - One of the worst starts to a year in decades might lead you to think investors are already braced for an economic storm ahead, but it's far from...

By David Milliken LONDON (Reuters) - Britain's economy regained its pre-COVID size late last year, but in one crucial way it has not recovered: there are 400,000 fewer workers...

MUMBAI (Reuters) - The Reserve Bank of India's primary focus is to bring inflation down closer to target but it cannot disregard the concerns around growth, governor Shaktikanta...

HONG KONG (Reuters) - Hong Kong private home prices reversed a three-month decline in April, the latest official data showed on Friday, as the financial hub stabilised after...

By Tetsushi Kajimoto TOKYO (Reuters) -Japan's net external assets hit a record 411 trillion yen ($3.24 trillion) in 2021, to retain its position as the top creditor for 31 years...

TOKYO (Reuters) - Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Friday the country's core consumer inflation will likely remain around the central bank's 2% target for 12...

By Alistair Smout and Andrea Shalal LONDON/WASHINGTON (Reuters) - Britain will sign its first state-level trade agreement with the U.S. corn belt state of Indiana on Friday, with...

By Lindsay (NYSE:LNN) Dunsmuir (Reuters) - The world is moving rapidly toward increasing use of digital payments and an official digital version of the U.S. dollar could help...