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Today: March 30, 2025
Today: March 30, 2025

economic growth

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
Business|Economy|Europe|Finance|Political

What does UK's Reeves' removal of a competition regulator mean for growth?

British finance minister Rachel Reeves has forced out the chairman of the country's competition watchdog, saying he did not agree with her views on how to speed up the country's

What does UK's Reeves' removal of a competition regulator mean for growth?
Business|Economy|Europe|Finance|Political

UK watchdog seeks clarity on acceptable failures in push for growth

Britain's government should set out what failures would be acceptable if regulations are eased in the push for economic growth, the bosses of the Financial Conduct

UK watchdog seeks clarity on acceptable failures in push for growth
Business|Economy|Finance|MidEast|Political

Israel central bank chief says 1-2 rate cuts possible in 2025 if inflation cooperates

The Bank of Israel could reduce short-term interest rates one or two times in the second half of 2025 as long as inflation moves back below 3%, Governor Amir Yaron

Israel central bank chief says 1-2 rate cuts possible in 2025 if inflation cooperates
Business|Economy|Europe|Finance|Political|Stock Markets|US

Trump's return to the White House: Market winners and losers

U.S.

Trump's return to the White House: Market winners and losers
Business|Economy|Finance|Political|US

After two years of smooth sailing, Fed ready to navigate rocky bond market, Trump uncertainty

After two years of progress on inflation and surprisingly persistent economic growth, the Federal Reserve next week meets with one eye on new Trump

After two years of smooth sailing, Fed ready to navigate rocky bond market, Trump uncertainty
Asia|Business|Economy|Finance|Political

Economists split on Singapore monetary policy amid Trump 2.0 uncertainties

Economists are split on whether Singapore's central bank will loosen monetary policy this week or leave its settings unchanged to wait to see what policies U.S.

Economists split on Singapore monetary policy amid Trump 2.0 uncertainties
Africa|Arts|Business|Economy|Technology

Nigeria to rebase GDP and inflation data by month-end, stats office says

Nigeria plans to rebase its gross domestic product and inflation data by the end of the month to capture changes in certain sectors of the economy and to reflect current consumption

Nigeria to rebase GDP and inflation data by month-end, stats office says
Business|Economy|Europe|Finance|Political

Bank of England says it is open to pro-growth bank reforms

The Bank of England (BoE) is open to discussions with Britain's government about new ways to help boost economic growth by paring back regulatory requirements for the financial

Bank of England says it is open to pro-growth bank reforms
Americas|Business|Economy|World

Oil output, exports drove Guyana economy's growth of 43.6% in 2024

Guyana's economy achieved its fifth consecutive year of double-digit growth in 2024, expanding 43.6% as oil output and exports showed solid

Oil output, exports drove Guyana economy's growth of 43.6% in 2024
Asia|Business|Economy|Finance|World

IMF says China's economic growth of 5% in 2024 was 'positive surprise'

China notified the International Monetary Fund on Thursday that its economy grew by 5% in 2024, IMF Chief Economist Pierre-Olivier Gourinchas told reporters,

IMF says China's economic growth of 5% in 2024 was 'positive surprise'
Business|Economy|Europe|Finance|Political

UK finance regulator warns government over 'harm' from reduced regulation

Britain's finance watchdog told the government on Friday that it would "take greater risks" to support its drive for more economic growth

UK finance regulator warns government over 'harm' from reduced regulation
Business|Economy|Finance|Political|Stock Markets|US

Small caps lose Trump bump as rising rates sap strength

As investors seek assets that will shine under a Donald Trump presidency, one corner of the U.S. stock market expected to benefit from the Republican's policies

Small caps lose Trump bump as rising rates sap strength
Asia|Business|Economy

China kicks off subsidised auto trade-ins

China's commerce ministry kicked off subsidised auto trade-ins on Friday, extending a program likened to the U.S. "cash-for-clunkers" stimulus that had bolstered China's car sales

China kicks off subsidised auto trade-ins
Business|Economy|Europe|Finance|Political|Stock Markets

Investors strap in for prolonged pain in debt-scarred UK markets

Investors who had been enjoying a brief rebound in long-suffering UK markets are hunkering down for a stretch of losses as

Investors strap in for prolonged pain in debt-scarred UK markets
Business|Economy|Europe|Finance|Political

Tear down barriers to growth, UK finance minister tells regulators

Finance minister Rachel Reeves has urged Britain's regulators to remove barriers to economic growth, tasking them with creating a regulatory environment that boosts investment and

Tear down barriers to growth, UK finance minister tells regulators
Business|Economy|Finance|Political|Technology

J.P.Morgan forecasts spending on data centers could boost US GDP by 20 basis points in 2025-26

J.P.Morgan estimated spending on data centers could contribute between 10-20 basis points to U.S. economic growth in 2025-2026 as technology companies race to benefit from

J.P.Morgan forecasts spending on data centers could boost US GDP by 20 basis points in 2025-26
Business|Economy|Finance|US

US retail sales exit 2024 with momentum; labor market on solid ground

U.S. retail sales increased in December as households bought motor vehicles and a range of other goods, pointing to strong demand in the economy and further

US retail sales exit 2024 with momentum; labor market on solid ground
Business|Economy|US

American shoppers wrap up the year in a spending mood, boding well for the U.S. economy

American consumers wrapped up the year in a spending mood, shopping for all sorts of merchandise from furniture to clothing, and eating out at restaurants, according to the latest government snapshot

American shoppers wrap up the year in a spending mood, boding well for the U.S. economy
Business|Economy|Finance|US

US business inventories edge up in November

U.S. business inventories rose marginally in November, suggesting that restocking will probably not contribute to economic growth in the fourth quarter.

US business inventories edge up in November
Business|Economy|Europe|Political

Greece has tapped 18 billion euros from EU's Recovery Fund

Greece has received 18 billion euros ($18.5 billion) in grants and loans from the European Union's Recovery Fund since 2021, equivalent to about 8% of its economic output, the

Greece has tapped 18 billion euros from EU's Recovery Fund
Business|Economy|Europe|Finance|Political

UK's Reeves says she will press regulators to help deliver growth

Britain's finance minister Rachel Reeves said on Thursday she would press regulators on what more her government can do to deliver growth after data showed the country's economic

UK's Reeves says she will press regulators to help deliver growth
Asia|Economy|Finance|Political

Bank of Korea unexpectedly holds rate steady as political turmoil, won weigh

South Korea's central bank unexpectedly left its policy interest rate unchanged on Thursday and signalled it needs to wait for the domestic political

Bank of Korea unexpectedly holds rate steady as political turmoil, won weigh
Americas|Economy|Political

Venezuela inflation was 48% year-on-year in 2024, Maduro tells lawmakers

Venezuela inflation was 48% annually in 2024, the lowest in 12 years, Venezuelan President Nicolas Maduro told lawmakers in an annual address to the national assembly and other

Venezuela inflation was 48% year-on-year in 2024, Maduro tells lawmakers
Economy|Europe|Finance|Political|World

Portugal's growth likely accelerating, finance minister says

Provisional indicators point to Portugal's economic growth having accelerated in the fourth quarter, giving the government greater confidence that this year's

Portugal's growth likely accelerating, finance minister says
Business|Economy|Europe|Travel|World

Spain expects more tourists this year after record 94 million visitors in 2024

Spain expects even more tourists to flock to the country in 2025 after an estimated record 94 million foreigners visited last year, 10% more than in 2023, Tourism Minister Jordi

Spain expects more tourists this year after record 94 million visitors in 2024
Asia|Business|Economy|Finance|Stock Markets

Bank Indonesia delivers surprise rate cut to support growth

Indonesia's central bank unexpectedly cut policy rates on Wednesday, resuming its monetary easing to prop up growth in Southeast Asia's

Bank Indonesia delivers surprise rate cut to support growth
Economy|Political|US

How Biden's domestic policy record stacks up against public perception

President Joe Biden's tenure in the White House is ending with a gulf between his policy record and his public reputation

How Biden's domestic policy record stacks up against public perception
Business|Economy|Europe

Italy industry output edges up in November but trend remains weak

Italian industrial output was marginally stronger than expected in November, rising 0.3% from the month before, data showed on Tuesday, but the country's manufacturing sector

Asia|Business|Economy|Finance|Political

China's growth seen slowing to 4.5% in 2025 as US tariffs bite: Reuters poll

China's economic growth is likely to slow to 4.5% in 2025 and cool further to 4.2% in 2026, a Reuters poll showed, with policymakers poised to roll out fresh stimulus

China's growth seen slowing to 4.5% in 2025 as US tariffs bite: Reuters poll
Asia|Business|Economy|Finance|Political

India to forecast stronger growth next year while sticking to fiscal deficit goals, sources say

India plans to project higher economic growth for the next fiscal year, two government officials with direct knowledge of the matter said, adding that fiscal

India to forecast stronger growth next year while sticking to fiscal deficit goals, sources say
Business|Economy|Europe|Finance|Political

ECB to end policy restriction by midsummer at latest, Rehn says

The European Central Bank will keep cutting interest rates and should end policy restriction in the coming months, but looming trade tariffs, which may not even be effective,

ECB to end policy restriction by midsummer at latest, Rehn says
Asia|Business|Economy|Finance|Political|US

China exports accelerate amid trade tensions, imports surprise

China's exports gained momentum in December, with imports also showing recovery, though strength at the year-end was in part fuelled by

China exports accelerate amid trade tensions, imports surprise
Asia|Business|Economy

China has ample fiscal space to bolster growth this year

China has ample fiscal policy space and tools to support economic growth this year and it will step up spending to spur investment, Vice Finance Minister Liao Min said on Friday.

China has ample fiscal space to bolster growth this year
Asia|Business|Economy

India's industrial output at 6-month high of 5.2% y/y in November

India's industrial output growth hit a six-month high of 5.2% year-on-year in November helped by a strong rise in output of consumer durables and capital goods, government data

India's industrial output at 6-month high of 5.2% y/y in November
Asia|Business|Economy

Malaysia's November industrial production up 3.6%, above forecast

Malaysia's industrial production rose 3.6% from a year earlier in November, above market expectations, government data showed on Friday.

Business|Economy|Europe|Finance

UK inflation expectations rise in December, Citi/YouGov survey shows

British households' expectations for inflation rose in December, according to a survey published on Thursday that may add to concerns among investors about the slow pace of future

UK inflation expectations rise in December, Citi/YouGov survey shows
Business|Economy|Europe|Finance

Euro zone consumers hold back spending as economy stagnates

Euro zone retail sales grew less than expected in November, confirming that consumption remains in the doldrums and adding to a recent string of gloomy data about the health of

Euro zone consumers hold back spending as economy stagnates
Business|Economy|Finance|US

Drop in US wholesale inventories in November unrevised at 0.2%

U.S. wholesale inventories fell 0.2% in November, as initially estimated last month, amid sharp declines in stocks of long-lasting manufactured goods like motor vehicles and

Drop in US wholesale inventories in November unrevised at 0.2%
Africa|Economy|Finance

Tanzania central bank holds key interest rate unchanged for a third time

Tanzania's central bank left its key interest rate unchanged at 6% on Wednesday, holding it steady for a third consecutive policy meeting, with an aim of

Asia|Business|Economy

China's economic stimulus measures since September

China has expanded the scope of a consumer goods trade-in scheme and will give more subsidies for digital purchases this year, in an effort to revive sluggish domestic demand, an

China's economic stimulus measures since September
Asia|Business|Economy|Political|Stock Markets

India's Modi looks to new economic playbook as risks mount

After world-beating economic growth last year, India's policymakers are scrambling to head off a sharp slowdown as worsening global conditions

India's Modi looks to new economic playbook as risks mount
Australia|Business|Economy

Australia job vacancies rebound 4.2% in November quarter

Job vacancies in Australia rebounded in the November quarter to break nine straight quarters of declines, data showed on Wednesday, in a further sign of resilience in the labour

Australia job vacancies rebound 4.2% in November quarter
Asia|Business|Economy|Finance

Former BOJ chief Kuroda predicts more rate hikes

The Bank of Japan will likely keep raising interest rates in the coming years as inflation appears on track to sustainably hit its 2% target, said former governor

Former BOJ chief Kuroda predicts more rate hikes
Americas|Business|Economy

Argentina economy seen growing 4.5% in 2025, inflation cooling to double-digits

Argentina's economy is seen expanding by 4.5% in 2025 while the country's inflation rate is estimated to end this year at 25.9%, according to the average forecast of analysts

Argentina economy seen growing 4.5% in 2025, inflation cooling to double-digits
Americas|Business|Economy|Finance

Fitch upgrades El Salvador after IMF deal eases financing needs

Fitch Ratings on Tuesday upgraded its rating for El Salvador to B- from its prior CCC+ status, along with a stable outlook, citing a reduction in financing needs helped by a recently

Fitch upgrades El Salvador after IMF deal eases financing needs
Business|Economy|Europe|Finance

Euro zone inflation jumps on higher energy costs

Euro zone inflation accelerated in December, an unwelcome but anticipated blip that is unlikely to derail further interest rate cuts from the European Central Bank.

Euro zone inflation jumps on higher energy costs
Americas|Business|Economy|Finance|Political

Brazil's 2024 growth seen at 3.6%, says finance minister

Brazil's Finance Minister Fernando Haddad said on Tuesday that the country's economic growth likely hit 3.6% in 2024, while the primary deficit for the year is

Brazil's 2024 growth seen at 3.6%, says finance minister
Americas|Business|Economy|Political

Brazil's federal tax revenue posts double-digit growth in November

Brazil's federal tax revenue posted double-digit growth in November, the revenue service said on Tuesday, maintaining the strong momentum seen this year as the government works to

Brazil's federal tax revenue posts double-digit growth in November
Africa|Business|Economy|Political

Kenya's Q3 GDP growth slows on weak construction, mining sectors

Kenya's economic growth slowed in the third quarter of 2024 from the same period a year earlier due to underperformance in most sectors of the economy, the statistics office said

Kenya's Q3 GDP growth slows on weak construction, mining sectors
Asia|Business|Economy

China's residential foreclosures increase in 2024 amid property slump

The number of foreclosed homes in China rose in 2024 from the previous year, a private-sector survey showed on Tuesday, heightening concerns about mortgage delinquencies amid a

China's residential foreclosures increase in 2024 amid property slump

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