The Los Angeles Post
U.S. World Business Lifestyle
Today: March 30, 2025
Today: March 30, 2025

economic growth

Americas|Business|Economy

Canada's economy posts surprise annualized fourth quarter growth of 2.6%

Canada's gross domestic product in the fourth quarter expanded by 2.6% on an annualized basis, surpassing widespread expectations, as a jump in consumer spending

Canada's economy posts surprise annualized fourth quarter growth of 2.6%
Asia|Business|Economy

India's infrastructure output rises 4.6% on-year in January

India's infrastructure output grew 4.6% year-on-year in January, backed by a pick up in cement and refined petroleum product output, government data showed on Friday.

India's infrastructure output rises 4.6% on-year in January
Business|Economy|Finance|Political|Stock Markets|US

Rising investor angst about economy to be tested by US jobs data

The stakes are high for the monthly U.S. jobs report in the coming week, as investors gauge whether a string of worrisome data is signaling significant concern about the

Rising investor angst about economy to be tested by US jobs data
Business|Economy|Europe|Finance

Softer inflation, weak growth bolster case for ECB rate cuts

Euro zone inflation prospects improved while growth remained anaemic, fresh data showed on Friday, solidifying the case for further ECB rate cuts to stimulate an economy that has

Softer inflation, weak growth bolster case for ECB rate cuts
Asia|Business|Economy|Europe|Finance|Political|US

Dollar jumps as Trump tariffs loom

The dollar jumped on Thursday and was poised for its biggest daily percentage gain in more than two months as U.S.

Dollar jumps as Trump tariffs loom
Business|Economy|Europe|Finance|Political

ECB to cut rates again on March 6 as focus turns to growth: Reuters poll

The European Central Bank will trim its deposit rate again next week to 2.50%, according to all 82 economists polled by Reuters who expected two further cuts by

ECB to cut rates again on March 6 as focus turns to growth: Reuters poll
Business|Economy|Political|US

US economic growth slows in fourth quarter

U.S. economic growth slowed in the fourth quarter, the government confirmed on Thursday, and the loss of momentum appears to have persisted early this quarter amid cold

US economic growth slows in fourth quarter
Asia|Business|Economy|Finance

IMF keeps India's 'stabilised' exchange rate classification through 2024

The International Monetary Fund retained its classification of India's "de facto" exchange rate regime as "stabilised" for the period of December 2022 to November 2024

IMF keeps India's 'stabilised' exchange rate classification through 2024
Asia|Business|Economy

Thailand seeks ways to boost growth to 3.0%-3.5% this year, finance minister says

Thailand will meet central bank and planning agency officials to discuss ways to boost growth to 3% to 3.5% this year, its finance minister said on Thursday.

Thailand seeks ways to boost growth to 3.0%-3.5% this year, finance minister says
Africa|Asia|Business|Economy|Europe|MidEast

Growth outlook slows again and 'peace dividend' fades, EBRD says

Weak external demand and the impact of conflicts slowed economic growth again in countries covered by the European Bank for Reconstruction and Development (EBRD),

Growth outlook slows again and 'peace dividend' fades, EBRD says
Business|Economy|Europe

Swiss economy grows 0.5% in fourth quarter, boosted by pharma and chemicals

The Swiss economy grew by a better than expected 0.5% in the fourth quarter, the government said on Thursday, as the country's pharmaceuticals sector compensated for

Swiss economy grows 0.5% in fourth quarter, boosted by pharma and chemicals
Business|Economy|Finance|Political|World

Japan tells G20 free, open trade crucial for global growth

Japan told its G20 counterparts that free, open and rules-based trade was important to sustain global economic growth, a senior finance ministry official told

Japan tells G20 free, open trade crucial for global growth
Americas|Business|Economy|Finance|Political

Brazil will take no exceptional measures to boost economic growth, official says

Brazilian President Luiz Inacio Lula da Silva's chief of staff said on Wednesday that the government will take no exceptional measure to boost economic growth, and

Brazil will take no exceptional measures to boost economic growth, official says
Business|Economy|Europe|Political

Hungary economy may grow 2%-3% this year, below forecast in budget, official says

Hungary's economic growth this year is likely to come in between 2% and 3%, below the official government forecast of 3.4%, Prime Minister Viktor Orban's chief of staff said in a

Hungary economy may grow 2%-3% this year, below forecast in budget, official says
Business|Economy|Europe

Dutch economic growth stronger than expected in 2025, CPB says

Economic growth in the Netherlands will be stronger than previously expected this year, as wage growth offsets persistently high inflation, economic policy adviser CPB said on

Dutch economic growth stronger than expected in 2025, CPB says
Asia|Business|Economy|Finance|Stock Markets

Thai central bank cuts policy rate amid slow growth, global trade risks

Thailand's central bank cut its benchmark interest rate by a quarter percentage point on Wednesday, a move it said was a response

Thai central bank cuts policy rate amid slow growth, global trade risks
Asia|Business|Economy|Political|Technology

Taiwan slightly cuts 2025 GDP growth outlook amid Trump tariffs concern

Taiwan's trade-reliant economy is expected to grow at a slower pace in 2025 than previously forecast, with the threat of turbulence from tariffs that

Taiwan slightly cuts 2025 GDP growth outlook amid Trump tariffs concern
Asia|Business|Economy|Finance

China to start re-capitalizing banks with $55 billion, Bloomberg News reports

China plans to inject at least 400 billion yuan ($55.13 billion) into its biggest banks in coming months as part of a broader stimulus package to revive growth in the economy, Bloomberg

China to start re-capitalizing banks with $55 billion, Bloomberg News reports
Business|Economy|Finance|Stock Markets|US

Fed expected to respond strongly to inflation, job market conditions, research shows

Investors and economists expect the U.S. central bank to respond "strongly and systematically"  to changes in inflation and the labor market, according to research published

Fed expected to respond strongly to inflation, job market conditions, research shows
Business|Economy|Finance|Political|Stock Markets|US

Trump policy concerns send US consumer confidence plummeting to eight-month low

U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February while 12-month inflation expectations surged, offering further signs that

Trump policy concerns send US consumer confidence plummeting to eight-month low
Americas|Business|Economy|Finance|Political

Brazil should not focus solely on improving public accounts, Haddad says

Brazil has scope to further improve public accounts but should not make that its sole focus, Finance Minister Fernando Haddad said on Tuesday, emphasizing that economic growth was

Brazil should not focus solely on improving public accounts, Haddad says
Asia|Business|Economy|Finance

India's RBI partly dials back strict loan rules for micro credit, non-bank lenders

The Reserve Bank of India has partially reversed tighter rules for bank loans to small borrowers and non-bank lenders, according to two separate circulars issued on Tuesday.

India's RBI partly dials back strict loan rules for micro credit, non-bank lenders
Business|Economy|Finance|Political|World

Global debt marches to record high, raising risk of bond vigilantes, IIF says

The global debt-to-GDP ratio rose for the first time since 2020 last year, as the world's debt stock hit a new year-end record of $318 trillion and economic growth

Global debt marches to record high, raising risk of bond vigilantes, IIF says
Asia|Business|Economy

Bank of Korea cuts rates to bolster growth, lowers GDP forecast

The Bank of Korea cut interest rates by 25 basis points and significantly lowered its GDP forecasts on Tuesday, steering Asia's fourth-largest economy

Bank of Korea cuts rates to bolster growth, lowers GDP forecast
Business|Economy|Europe|Finance|Political

Bank of England's Dhingra says policymakers divided over rate-cut pace

Bank of England policymakers do not have a consensus about how fast the central bank should cut interest rates, even though they all agreed to use the word "gradual

Bank of England's Dhingra says policymakers divided over rate-cut pace
Business|Economy|Finance|MidEast

Bank of Israel holds rates but leaves hope for cuts this year

The Bank of Israel kept short-term interest rates unchanged for a ninth straight meeting on Monday, but held out the prospect for further easing this year should

Bank of Israel holds rates but leaves hope for cuts this year
Americas|Business|Economy

Peru's economy seen growing 4% this year with stable inflation

Peru's gross domestic product (GDP) will likely expand by 4% this year and rank as the second-fastest growing economy in Latin America, a senior official told

Peru's economy seen growing 4% this year with stable inflation
Business|Economy|Europe|Finance|Political

ECB's Wunsch warns of risk of 'sleepwalking' into excessive rate cuts, FT reports

European Central Bank policymaker Pierre Wunsch said the euro zone faces the risk of "sleepwalking" into excessive interest rate cuts and must be prepared to stop soon, the Financial Times

ECB's Wunsch warns of risk of 'sleepwalking' into excessive rate cuts, FT reports
Asia|Business|Economy|Finance

Bank of Thailand to hold rates at 2.25% on February 26, cut once in Q2: Reuters poll

The Bank of Thailand (BOT) will keep its key interest rate unchanged on Wednesday and cut only once this year to preserve a policy buffer amid growing global

Bank of Thailand to hold rates at 2.25% on February 26, cut once in Q2: Reuters poll
Business|Economy|Europe|Finance

ECB's Villeroy reaffirms deposit rates could be at 2% by this summer

The European Central Bank could cut its deposit rate down to 2% by this summer, said Bank of France head and ECB policymaker Francois Villeroy de Galhau in an interview published on

ECB's Villeroy reaffirms deposit rates could be at 2% by this summer
Americas|Business|Economy

Canada December retail sales up 2.5%, beating market expectations

Canada's retail sales in December grew by a robust 2.5% on a monthly basis, beating analysts' expectations, as a sales tax holiday bumped up spending on food and

Canada December retail sales up 2.5%, beating market expectations
Business|Economy|Europe

German growth edges up as manufacturing decline slows, PMI shows

Business activity in Germany's private sector picked up slightly in February, driven by a steady performance in services and reduced drag from manufacturing,

German growth edges up as manufacturing decline slows, PMI shows
Asia|Business|Economy|Finance

IMF says further Thai rate reduction would support inflation

A further reduction in Thailand's policy interest rate would support inflation and improve the debt-servicing capacity of borrowers, the International Monetary Fund said.

IMF says further Thai rate reduction would support inflation
Business|Economy|Finance

RBNZ chief economist says data consistent with pick-up in economy

High-frequency data is consistent with the central bank's view that New Zealand's economy bottomed out in the middle of 2024 and started to slowly pick up in

RBNZ chief economist says data consistent with pick-up in economy
Asia|Business|Economy

Japan's factory activity shrinks for 8th straight month, PMI shows

Japan's factory activity extended declines for an eighth straight month in February but at a slower pace, a private-sector survey showed on Friday, in a sign struggling factories may

Japan's factory activity shrinks for 8th straight month, PMI shows
Asia|Business|Economy

Bank of Korea to cut rates by 25 bps on February 25 amid growth worries: Reuters poll

The Bank of Korea (BOK) will cut its key interest rate by 25 basis points on Tuesday, offering support to an economy which barely grew last quarter, according to

Bank of Korea to cut rates by 25 bps on February 25 amid growth worries: Reuters poll
Economy|Finance|MidEast|Political

Bank of Israel to hold rates again after inflation spike: Reuters poll

The Bank of Israel is expected to leave short-term interest rates unchanged at a policy meeting next week after inflation spiked in January, although analysts

Bank of Israel to hold rates again after inflation spike: Reuters poll
Americas|Business|Economy|Political

Mexican president sees economic growth in 2025, despite tariff threat

Mexican President Claudia Sheinbaum said on Thursday that her government believes 2025 will be a good year for economic growth, despite the uncertainty created by the threat of

Mexican president sees economic growth in 2025, despite tariff threat
Business|Economy|Finance|Political|US

'Stagflation' fears haunt US markets despite Trump's pro-growth agenda

Stubborn inflation and President Donald Trump's hard-line trade policies have rekindled fears of stagflation, a worrying mix of sluggish growth and

'Stagflation' fears haunt US markets despite Trump's pro-growth agenda
Business|Economy|Finance|Political|US

Fed's Jefferson says Fed can take time on next interest rate decision

By Michael S.

Fed's Jefferson says Fed can take time on next interest rate decision
Americas|Business|Economy|Finance

Bank of Mexico sees recession possibility, halves 2025 growth view

The Bank of Mexico on Wednesday halved its growth forecast for the Mexican economy this year and even sees a possibility it will slide into a recession,

Bank of Mexico sees recession possibility, halves 2025 growth view
Asia|Business|Technology

Ant Group enters China's growing humanoid robot industry amid rising tech interest

Ant Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech companies exploring this emerging field.

Ant Group enters China's growing humanoid robot industry amid rising tech interest
Asia|Business|Economy|Finance

Bank Indonesia pauses easing cycle, but says more cuts to come

Indonesia's central bank kept interest rates steady on Wednesday, emphasizing its focus on stabilising the rupiah currency amid global

Bank Indonesia pauses easing cycle, but says more cuts to come
Asia|Business|Economy|Political

Vietnam parliament approves 2025 growth target, paves way for Starlink entry

Vietnam's National Assembly on Wednesday approved raising the economic growth target for this year and backed major infrastructure projects, including a rail link to China and the

Vietnam parliament approves 2025 growth target, paves way for Starlink entry
Asia|Business|Economy|Political|Technology

Xi's new frontline corporate guard showcases his priorities, control

When President Xi Jinping hosted entrepreneurs at a rare meeting in Beijing in 2018, the executives granted coveted front-row seats came

Xi's new frontline corporate guard showcases his priorities, control
Asia|Business|Economy|Political

Singapore offers support for consumers as polls, global tensions loom

Singapore offered broad support for workers and businesses, as well as assistance with living costs, with the economy bracing for a rise

Singapore offers support for consumers as polls, global tensions loom
Asia|Business|Economy|Political

Thailand's central bank and government must work together, PM says

Thailand's government will push for 3.5% economic growth this year and will seek to work closer with the central bank to support small businesses, Prime Minister Paetongtarn

Thailand's central bank and government must work together, PM says
Business|Economy|Environment|Political|Travel

‘Everyone must go!’: New Zealand’s latest tourism campaign sparks ridicule

‘Everyone must go!’: New Zealand’s latest tourism campaign sparks ridicule

‘Everyone must go!’: New Zealand’s latest tourism campaign sparks ridicule
Business|Economy|Europe|Finance

Bank of England's Bailey says inflation is slowing, 2025 jump will not last

Bank of England Governor Andrew Bailey said in an interview published on Monday that inflation was slowing and an expected pick-up in price growth later this year was unlikely to

Bank of England's Bailey says inflation is slowing, 2025 jump will not last
Business|Economy|Finance|Stock Markets|US

US retail sales post biggest drop in nearly two years amid winter freeze

U.S. retail sales dropped by the most in nearly two years in January, likely weighed down by frigid temperatures, wildfires and motor vehicle shortages,

US retail sales post biggest drop in nearly two years amid winter freeze
Asia|Business|Economy|Finance

Sri Lanka's cenbank sees inflation peak above target in Q2 next year

Sri Lanka's headline inflation is expected to peak around 2 percentage points above the central bank's target in the second quarter of 2026, the bank said in a monetary policy

Sri Lanka's cenbank sees inflation peak above target in Q2 next year
Economy|Election|Europe|Finance|Political|Stock Markets

Markets need convincing that German election will bring spending boost

As Germany heads to the polls next week, the message from investors is clear: it is the one big economy with room to

Markets need convincing that German election will bring spending boost
Asia|Business|Economy|Election|Political

Singapore budget to tackle living costs and jobs as election looms

Singapore's government is expected to focus on cost of living issues, housing and employment in next week's budget, as it heads towards an election buoyed by

Singapore budget to tackle living costs and jobs as election looms
Australia|Business|Economy|Finance

RBA to deliver first rate cut in a short series on February 18: Reuters poll 

Easing inflation has opened the door for the Reserve Bank of Australia to begin an anticipated brief series of interest rate cuts, starting with a quarter

RBA to deliver first rate cut in a short series on February 18: Reuters poll 
Australia|Business|Economy|Finance

RBNZ to cut rates by another 50 bps on February 19 on growth concerns: Reuters poll

New Zealand's central bank will follow through on plans to cut interest rates more with a 50 basis-point reduction on Wednesday to 3.75%,

RBNZ to cut rates by another 50 bps on February 19 on growth concerns: Reuters poll
Africa|Business|Economy|Finance

Rwanda central bank holds key rate despite pickup in inflation

Rwanda's central bank kept its key interest rate unchanged at 6.5% for the second monetary policy meeting in a row, saying that despite a recent pickup in

Rwanda central bank holds key rate despite pickup in inflation
Business|Economy|Europe|Political|US

Under threat of Trump tariffs, UK posts rare goods trade deficit with US

Britain entered a rare deficit in its goods trade with the United States at the end of last year, according to data published on Thursday that London will hope bolsters its

Under threat of Trump tariffs, UK posts rare goods trade deficit with US
Americas|Business|Economy|Political

Brazil cuts economic growth forecast for this year to 2.3%, sees inflation at 4.8%

Brazil's government on Thursday lowered its economic growth forecast for this year to 2.3%, down from a previous estimate of 2.5% in November, as the economy slows from last

Brazil cuts economic growth forecast for this year to 2.3%, sees inflation at 4.8%
Business|Economy|Europe|Finance

Bank of England's Pill 'cautious' about further rate cuts

The Bank of England needs to move cautiously with cutting interest rates because the long process of wrestling down inflation is not yet

Bank of England's Pill 'cautious' about further rate cuts
Business|Economy|Finance|Political|Stock Markets|US

Hotter January inflation jolts markets, dimming rate cut hopes

Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming tariffs could corner the Federal

Hotter January inflation jolts markets, dimming rate cut hopes
Americas|Business|Economy

Brazil's services activity posts surprise drop in December as economy cools

Services activity in Brazil ended 2024 on a negative note despite notching its fourth consecutive year of gains, with the sector unexpectedly slipping in December as the local

Brazil's services activity posts surprise drop in December as economy cools
Business|Economy|Finance|Political|Stock Markets

India's new cenbank chief joins Modi's effort to regain lost growth

India's new central bank chief Sanjay Malhotra is likely to take a growth-supportive approach over the next few months, as he joins Prime Minister

India's new cenbank chief joins Modi's effort to regain lost growth
Asia|Business|Economy|Political

South Korea acting president calls for agreement on extra budget amid slowing economy

South Korea's acting President Choi Sang-mok on Wednesday said he hoped for a swift agreement within the country's parliament on an extra budget to support an economy

South Korea acting president calls for agreement on extra budget amid slowing economy
Business|Economy|Finance|Stock Markets|US

JPMorgan sees investment banking fees rising by mid-teens percentage in first quarter

JPMorgan Chase's investment banking fees have grown by a mid-teens percentage so far in the first quarter as clients' economic optimism grows,

JPMorgan sees investment banking fees rising by mid-teens percentage in first quarter
Business|Economy|Finance|Political|US

Citadel's Griffin sees tariffs posing risk to US growth

Ken Griffin, founder and CEO of investment firm Citadel, said on Tuesday that U.S.

Citadel's Griffin sees tariffs posing risk to US growth
Business|Economy|Europe|Political

Poland's Tusk expects $160 billion of investment in 2025 to spur growth

Poland is likely to see total investment of more than 650 billion zlotys ($160 billion) in 2025, Prime Minister Donald Tusk said on Monday, as

Poland's Tusk expects $160 billion of investment in 2025 to spur growth
Africa|Business|Economy|Finance

Botswana sees 3.3% growth in 2025 amid upturn in diamond market

Botswana's economy is forecast to grow 3.3% this year after a contraction in 2024, due to an expected recovery in the global diamond market, its

Botswana sees 3.3% growth in 2025 amid upturn in diamond market
Asia|Business|Economy|Finance|Food

India inflation likely fell to 4.60% in January as food price rises moderated: Reuters poll

India's consumer inflation likely fell sharply to a five-month low of 4.60% in January from 5.22% in December on slowing food price rises, according to

India inflation likely fell to 4.60% in January as food price rises moderated: Reuters poll
Americas|Business|Economy|Finance

Bank of Mexico's governor says inflation fight enters new phase

Mexico's inflationary environment is expected to allow policymakers to keep cutting the benchmark interest rate, the head of the Bank of Mexico told Reuters

Bank of Mexico's governor says inflation fight enters new phase
Australia|Business|Economy|Political|Travel

New Zealand to loosen visa rules to lure foreign investors

New Zealand will relax visa rules to attract more foreign investors, in efforts to stimulate economic growth, its centre-right government said on Sunday.

New Zealand to loosen visa rules to lure foreign investors
Business|Economy|Finance|Political|US

US Treasury taps former regulator Hood to lead bank watchdog

The U.S.

US Treasury taps former regulator Hood to lead bank watchdog
Business|Economy|Political|US

Data shows a healthy US job market. Trump disagrees — and blames Biden

Data shows a healthy US job market. Trump disagrees — and blames Biden

Data shows a healthy US job market. Trump disagrees — and blames Biden
Business|Economy|Finance|US

US wholesale inventories drop by unrevised 0.5% in December

U.S. wholesale inventories fell in December amid strong sales growth, government data showed on Friday.

US wholesale inventories drop by unrevised 0.5% in December
Economy|Europe|Finance

ECB still has several rate cuts to go before hitting 'neutral' level, paper finds

The European Central Bank may still be several interest rate cuts away from the level where it stops holding back economic growth, it said in a paper on Friday, though it

ECB still has several rate cuts to go before hitting 'neutral' level, paper finds
Asia|Business|Economy|Food|MidEast|World

Global wheat import demand dented by local output, economic woes

Global wheat imports are likely to drop this year as slowing economic growth among top buyers, a stronger greenback and higher local

Global wheat import demand dented by local output, economic woes
Asia|Business|Economy

Thailand aims for 3.5% GDP growth in 2025, official says

Thailand is targeting economic growth of 3.5% this year, supported by tourism, foreign investment and government stimulus, a deputy finance minister said on Friday.

Thailand aims for 3.5% GDP growth in 2025, official says
Asia|Business|Economy|Finance

Singapore banks to post higher Q4 profit, but Trump tariffs could hurt 2025 growth

Singaporean banks are set to report stronger profits for the fourth quarter, but growth could take a hit this year as U.S.

Singapore banks to post higher Q4 profit, but Trump tariffs could hurt 2025 growth
Asia|Business|Economy|Finance|Stock Markets

India cuts rates for first time in nearly 5 years to boost growth as inflation eases

The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on Friday, as it seeks to boost the sluggish

India cuts rates for first time in nearly 5 years to boost growth as inflation eases
Asia|Business|Economy|Finance

China's January bank lending seen surging, but demand still fragile - Reuters poll

China's new yuan loans likely surged in January compared to December but still remained below the record level hit a year earlier, a Reuters poll showed

China's January bank lending seen surging, but demand still fragile - Reuters poll
Asia|Business|Economy|Finance

India's central bank cuts repo rate for first time in nearly 5 years

The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its

India's central bank cuts repo rate for first time in nearly 5 years
Business|Economy|Finance|Political|US

BIS warns on risks to economies, central bank policy over Trump uncertainties

The world's leading central bank umbrella group, the Bank for International Settlements, has delivered its first public warning about the risks posed by U.S.

BIS warns on risks to economies, central bank policy over Trump uncertainties
Americas|Economy|Political

Argentina analysts more upbeat on 2025 inflation, economic growth

Argentine analysts nudged down their forecasts for this year's inflation, according to the central bank's market expectations survey published on Thursday, while also turning slightly more

Argentina analysts more upbeat on 2025 inflation, economic growth
Asia|Business|Economy|Finance|Stock Markets

India eyes historic rate cut, global easing momentum mounts

A look at the day ahead in Asian markets. 

India eyes historic rate cut, global easing momentum mounts
Business|Economy|Europe|Finance|Stock Markets

Bank of England cut rates again, sterling falls

The Bank of England cut interest rates by a quarter of a percentage point on Thursday, judging a sharp upward revision to its inflation forecasts for this year will prove temporary.

Bank of England cut rates again, sterling falls
Business|Economy|Europe|Finance|Political

Bank of England cuts rates and growth outlook, sees inflation 'bump'

The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would

Bank of England cuts rates and growth outlook, sees inflation 'bump'
Business|Economy|Europe

German industrial orders rise more than expected in December

German industrial orders rose significantly more than expected in December due to substantial growth in large-scale orders such as aircraft, ships, trains and military vehicles, the

German industrial orders rise more than expected in December
Business|Economy|Europe|Finance|Political

Bank of England poised to cut rates but inflation worries linger

The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it

Bank of England poised to cut rates but inflation worries linger
Business|Economy|Europe|Finance

Czech central bank cuts key interest rate to 3.75% as inflation stays higher than expected

The Czech Republic’s central bank has cut its key interest rate again amid higher than expected inflation

Czech central bank cuts key interest rate to 3.75% as inflation stays higher than expected
Business|Economy|Europe|Finance|Political

ECB's Centeno hopes key interest rate will drop to 2% sooner, not later

The European Central bank may need to cut interest rates below a neutral level to stimulate economic growth as inflation is at risk of falling

ECB's Centeno hopes key interest rate will drop to 2% sooner, not later
Economy|Europe|Finance|Political

Italy's budget watchdog cuts growth estimates as problems mount

Italy's growth this year and next will be weaker than the government's official targets, the country's budget watchdog said on Wednesday, casting a shadow over

Italy's budget watchdog cuts growth estimates as problems mount
Business|Economy|Europe

Italian services sector growth slows, employment drops, PMI shows

Italy's services sector grew marginally in January but underlying demand conditions remained weak and employment levels decreased, a survey showed on Wednesday.

Italian services sector growth slows, employment drops, PMI shows
Business|Economy|Europe

Euro zone business activity returns to growth in Jan, PMI shows

Euro zone business activity returned to growth at the start of the year after two months of contraction as demand stabilised, a survey showed on Wednesday.

Euro zone business activity returns to growth in Jan, PMI shows
Business|Economy|Europe

German service sector activity accelerates, PMI shows

Germany's service sector began 2025 on a positive note, with business activity growth reaching a six-month high and employment seeing a modest rise, a survey showed on Wednesday.

German service sector activity accelerates, PMI shows
Business|Economy|Europe

Russian services sector sees fastest growth in a year, PMI shows

Russia's services sector saw its fastest growth in a year in January, buoyed by a sharp increase in new business, a survey showed on Wednesday.

Russian services sector sees fastest growth in a year, PMI shows
Asia|Business|Economy|Political

Indonesia's economy expands 5% in 2024, more rate cuts seen in bumpy 2025

Indonesia's economy grew 5.03% in 2024, roughly similar to the previous year's rate and in line with expectations, but the pace was the

Indonesia's economy expands 5% in 2024, more rate cuts seen in bumpy 2025
Asia|Business|Economy

Thailand to roll out next phase of handout scheme in Q2, plans more stimulus

Thailand's government will implement the third phase of its 450 billion baht ($13.4 billion) stimulus scheme in the second quarter of 2025, and will also discuss more measures

Thailand to roll out next phase of handout scheme in Q2, plans more stimulus
Asia|Business|Economy

China's services activity grows at slower pace, Caixin PMI shows

China's services activity expanded at a slower pace in January, with the Lunar New Year holidays worsening employment, but business sentiment improved, a private sector survey

China's services activity grows at slower pace, Caixin PMI shows
Asia|Business|Economy

Japan's service activity grows thanks to Asian demand, PMI shows

Japan's service activity expanded for a third straight month in January, helped by a rebound in new export business on Asian demand, a private-sector survey showed on Wednesday.

Japan's service activity grows thanks to Asian demand, PMI shows
Americas|Business|Economy

Analysts lower Mexico's 2025 economic growth forecast, see weaker peso

Private sector analysts expect the Mexican economy to grow 1.00% this year, a slight drop from their December forecast, a Mexican central bank survey showed on Tuesday.

Analysts lower Mexico's 2025 economic growth forecast, see weaker peso
Africa|Business|Economy|MidEast

Egypt's non-oil private sector posts growth in January, PMI shows

Egypt's non-oil private sector expanded in January, marking its best performance in over four years and its first growth since August as output and sales volumes increased, a

Egypt's non-oil private sector posts growth in January, PMI shows
Australia|Business|Economy|Finance

Australia household spending rises for third straight month in Dec

Australian household spending rose for a third straight month in December due to higher discretionary spend, data showed on Tuesday, suggesting consumption is picking up after a

Australia household spending rises for third straight month in Dec
Business|Economy|Finance|Political|Stock Markets|US

PIMCO focuses on Trump's market-tuned policy tweaks amid inflation risks

U.S.

PIMCO focuses on Trump's market-tuned policy tweaks amid inflation risks
Business|Economy|Europe|Finance

ECB's Simkus sees cut in March and a couple more

European Central Bank policymaker Gediminas Simkus said on Monday he expected an interest rate cut in March and "a couple more" in the following months.

ECB's Simkus sees cut in March and a couple more
Business|Economy|Europe

Spain's manufacturing growth slows sharply in January, PMI shows

Spain's manufacturing sector lost momentum at the start of 2025, as both output and new orders rose at a much slower pace than in December, a survey showed on Monday.

Spain's manufacturing growth slows sharply in January, PMI shows
Asia|Business|Economy

Hong Kong Q4 GDP expands 2.4% y/y, slightly faster than forecast

Hong Kong's economy increased in the fourth quarter by 2.4% from a year earlier, official advance estimates showed on Monday, expanding for an eighth quarter.

Hong Kong Q4 GDP expands 2.4% y/y, slightly faster than forecast
Economy|Europe|Finance

ECB 'not quite there' with rate cuts but cautious flexibility needed, Kazimir says

European Central Bank interest rates have room to fall further given weak growth and a slowdown in inflation, but uncertainty is so high that any more precise guidance on rates

ECB 'not quite there' with rate cuts but cautious flexibility needed, Kazimir says
Australia|Business|Economy|Finance

Australia shoppers lured by discounts, shore up economy in 4Q

Australian retail sales dipped in December as pay back for a Black Friday splurge the month before, but discounting helped shoppers make a desperately-needed

Australia shoppers lured by discounts, shore up economy in 4Q
Business|Economy|Europe|Political

French PM urges ECB to cut rates to boost growth

French Prime Minister Francois Bayrou urged the European Central Bank to cut rates faster to help bolster economic growth in Europe now that inflation is back to normal levels,

French PM urges ECB to cut rates to boost growth
Asia|Business|Economy|Political

India cuts income tax in a bid to boost consumption

India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest pace in four

India cuts income tax in a bid to boost consumption
Asia|Business|Economy|Finance|Political

Modi turns to India's vast middle class to revive growth in rough global year

India slashed personal tax rates in its annual budget on Saturday, as the world's fifth largest economy focuses on

Modi turns to India's vast middle class to revive growth in rough global year
Business|Economy|Education|Technology

Bridging the Divide: How Smaller Communities Can Thrive in the Tech Economy

Bridging the Divide: How Smaller Communities Can Thrive in the Tech Economy

Business|Economy|Europe|Finance|Political

Portugal's 2024 budget surplus plunges 95% in 2024 from higher spending

Portugal's budget surplus plunged by 95% in 2024 after Prime Minister Luis Montenegro's government cut taxes for families and businesses and raised wages and pensions to boost the

Portugal's 2024 budget surplus plunges 95% in 2024 from higher spending
Business|Economy|Finance|US

US inflation increases in December; consumer spending robust

U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would

US inflation increases in December; consumer spending robust
Asia|Economy|Education|Political

Indonesia's bigger free meals budget to add 2 pct points to growth, president's adviser says

Indonesia's additional budget of 100 trillion rupiah ($6.14 billion) for its programme to give free meals to school children this year will add nearly 2 percentage points to the

Indonesia's bigger free meals budget to add 2 pct points to growth, president's adviser says
Business|Economy|Europe|Finance

ECB policymakers hint at more rate cuts on inflation optimism

European Central Bank policymakers backed further policy easing on Friday just a day after the bank's fourth straight rate cut, despite fresh surveys pointing to

ECB policymakers hint at more rate cuts on inflation optimism
Asia|Business|Economy|Finance

Thailand's economy may underperform with consumption weak, warns central bank chief

Thailand's economic growth may falter at under 2.9% this year after a weaker-than-expected fourth quarter despite a

Thailand's economy may underperform with consumption weak, warns central bank chief
Business|Economy|Europe|Finance

ECB cuts rates and governors expect more amid weak growth

The European Central Bank cut interest rates on Thursday and policymakers guided for a further reduction in March as concerns over

ECB cuts rates and governors expect more amid weak growth
Business|Economy|Europe|Finance

ECB governors see one more cut before debate heats up, sources say

A further European Central Bank interest rate cut is likely to go through in March without much resistance among policymakers before the debate between them on further easing

ECB governors see one more cut before debate heats up, sources say
Business|Economy|Europe|Finance|World

Greece's economy projected to grow 2.1% in 2025, IMF says

Greece's economy is projected to grow 2.1% in 2025, mainly driven by investment, the International Monetary Fund mission said on Thursday, adding that any crisis in major euro area

Greece's economy projected to grow 2.1% in 2025, IMF says
Economy|Europe|Finance|Stock Markets

Weak growth, ECB boost traders' euro area rate cut confidence

Traders grew more confident on Thursday that the European Central Bank would deliver three more rate cuts this year, as weak growth data followed

Weak growth, ECB boost traders' euro area rate cut confidence
Business|Economy|Political|US

The US economy just had another robust year

The US economy just had another robust year

The US economy just had another robust year
Business|Economy|Europe|Finance|Stock Markets

ECB cuts rates again, keeps door open to further easing

The European Central Bank cut interest rates on Thursday and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about

ECB cuts rates again, keeps door open to further easing
Asia|Business|Economy

Philippines Q4 GDP grows 5.2% y/y, below expectations

The Philippine economy expanded a lower than expected 5.2% in the fourth quarter from a year earlier, official data showed on Thursday, weighed down

Philippines Q4 GDP grows 5.2% y/y, below expectations
Economy|Finance|Political|Stock Markets|US

Fed stands pat, leans hawkish with omission of inflation-progress reference

The Federal Reserve left interest rates in the 4.25% to 4.50% target range on Wednesday and gave little insight into when further easing may take place in an economy where inflation remains

Fed stands pat, leans hawkish with omission of inflation-progress reference
Asia|Economy|Political

More Indians losing hope of improved quality of life under Modi, survey shows

More Indians are becoming less hopeful about their quality of life as stagnant wages and higher living costs cloud future prospects, a survey showed, in disappointing news for

More Indians losing hope of improved quality of life under Modi, survey shows
Business|Economy|Environment|Europe|Political|Travel

What challenges does the UK face if it backs the new Heathrow runway plan?

British finance minister Rachel Reeves is expected to back the expansion of Heathrow Airport on Wednesday, turning to the country's most controversial infrastructure project in her

What challenges does the UK face if it backs the new Heathrow runway plan?
Business|Economy|Environment|Europe|Political

UK government backs contentious third runway at London's Heathrow Airport

U.K. Treasury chief Rachel Reeves says that the new Labour government is backing the construction of third runway at London’s Heathrow Airport

UK government backs contentious third runway at London's Heathrow Airport
Americas|Business|Economy|World

Peru plans bond sales to finance ballooning fiscal deficit, minister says

Peru, the world's no. 2 copper exporter, plans to issue up to three sovereign bonds this year to finance its ballooning fiscal deficit after economic growth edged

Peru plans bond sales to finance ballooning fiscal deficit, minister says
Business|Economy|Europe|Political

UK backs third runway at London's Heathrow Airport

Britain's Labour government will back the construction of a third runway at London's Heathrow Airport to boost trade and economic growth, finance

UK backs third runway at London's Heathrow Airport
Business|Economy|Europe|Finance

Swedish central bank cuts policy rate to support weak economy

Sweden's central bank cut its key policy rate to 2.25% from 2.50% as expected on Wednesday to boost sluggish economic growth and said its forecast for interest rates held though

Swedish central bank cuts policy rate to support weak economy
Asia|Business|Economy|Finance

BOJ to raise rates again by July, eventually eye hike to 1.5%, says ex-policymaker

The Bank of Japan will likely raise interest rates again around June or July, and seek to triple its policy rate to at least 1.5% in the next two

BOJ to raise rates again by July, eventually eye hike to 1.5%, says ex-policymaker
Americas|Business|Economy

Canada December wholesale trade most likely up 0.1% - Statscan flash estimate

Canadian wholesale trade most likely rose 0.1% in December from November, largely driven by higher sales in the motor vehicle and motor vehicle parts and accessories subsector,

Canada December wholesale trade most likely up 0.1% - Statscan flash estimate
Business|Economy|Europe|Finance|World

Russian government advisers warn of corporate bankruptcies wave

Russia could face a wave of corporate bankruptcies this year as the share of enterprises with risky levels of debt in total corporate revenue doubled in 2024, a leading think tank

Russian government advisers warn of corporate bankruptcies wave
Asia|Business|Economy

China's Jan non-manufacturing activity growth slows

China's January non-manufacturing activity grew but at a slower pace than in December, an official survey showed on Monday, suggesting policymakers need to introduce even more

China's Jan non-manufacturing activity growth slows
Business|Economy|Europe|Political|World

British growth plans get positive response in Davos, minister says

British industry and energy minister Sarah Jones said that meetings in Davos this week with CEOs considering where to make their

British growth plans get positive response in Davos, minister says
Business|Economy|Finance|Stock Markets|US

Next week: General Motors earnings, Fed policy meeting and the government's first Q4 GDP estimate

General Motors reports its fourth-quarter financial results on Tuesday, The Federal Reserve wraps up its two-day policy meeting on Wednesday and on Thursday the Commerce Department issues its first estimate of how the U.S. economy performed in the final quarter of 2024

Business|Economy|Europe|Finance

Stumbling growth and stubborn inflation: the BoE's rate cut challenge

The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut

Stumbling growth and stubborn inflation: the BoE's rate cut challenge
Asia|Business|Economy|Political

China Jan manufacturing activity seen expanding for fourth month: Reuters poll

China's factory activity likely expanded for a fourth month in January, highlighting the supply-side strength of the world's No.2 economy, which is bracing for U.S. tariff hikes

China Jan manufacturing activity seen expanding for fourth month: Reuters poll
Asia|Business|Economy|Finance|Political

China 2024 fiscal revenue growth shrinks, non-tax income jumps

China's fiscal revenue in 2024 grew 1.3% from a year earlier, slowing sharply from a 6.4% rise in 2023, finance ministry data showed on Friday, as a protracted property market slump

China 2024 fiscal revenue growth shrinks, non-tax income jumps
Business|Economy|Europe|Political

French services sector contracts further in January, PMI shows

France's services sector shrank further in January as businesses faced weak demand and political uncertainty, according to a closely-watched business survey by S&P Global published

French services sector contracts further in January, PMI shows
Business|Economy|Europe

Euro zone businesses start year with modest return to growth, PMI shows

Euro zone business began the new year with a modest return to growth as stable services activity in January was complemented by an easing of the long-running

Euro zone businesses start year with modest return to growth, PMI shows
Africa|Business|Economy|Political|World

Nigeria needs to double economic growth within a year or two, finance minister says

Nigeria needs to double economic growth within the next year or two from an annualized rate of 3.5% in the third quarter to lift its population out of

Nigeria needs to double economic growth within a year or two, finance minister says
Americas|Business|Economy|Finance

Canada November retail sales flat; likely up 1.6% in December

Canada's retail sales were flat in November as consumers purchased less from supermarkets, grocery stores, alcohol outlets and furniture shops but the numbers

Canada November retail sales flat; likely up 1.6% in December
Asia|Economy|Political|World

Bangladesh's high growth under ousted PM Hasina was 'fake', interim head Yunus says

The head of Bangladesh's interim government, Nobel laureate Muhammad Yunus, said on Thursday that his country's high growth under

Bangladesh's high growth under ousted PM Hasina was 'fake', interim head Yunus says
Asia|Economy|Finance|Political

Singapore December core inflation hits its lowest since November 2021

Singapore's key consumer price gauge rose 1.8% in December from a year earlier, more than economist forecasts and the lowest in more than three years, official

Singapore December core inflation hits its lowest since November 2021
Australia|Business|Economy|Finance|Political

New Zealand will relax rules to woo foreign investment, PM says

New Zealand will relax rules to lure foreign investment, Prime Minister Christopher Luxon said on Thursday, as his centre-right government tries to spur economic growth and boost jobs.

New Zealand will relax rules to woo foreign investment, PM says
Africa|Business|Economy

S.Africa's Reserve Bank to cut rates by 25 bps Jan 30 to 7.50%- Reuters poll

The South African Reserve Bank will trim its repo rate next week by a quarter of a percentage point to 7.50% and repeat that in March, but then delay its final

S.Africa's Reserve Bank to cut rates by 25 bps Jan 30 to 7.50%- Reuters poll
Asia|Business|Economy|Environment|Europe|Political|Technology|World

Davos 2025: Trade, tariffs, AI and UN chief Guterres dominate World Economic Forum agenda

A speech by U.N. Secretary-General Antonio Guterres criticizing fossil fuel use and warning of the perils of artificial intelligence has headlined the agenda at the World Economic Forum’s annual event in Davos

Davos 2025: Trade, tariffs, AI and UN chief Guterres dominate World Economic Forum agenda

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