Economy News

Sri Lanka’s political crisis trigger major economic concerns By Reuters

© Reuters. FILE PHOTO: Sri Lanka’s President Maithripala Sirisena listens to a speech during a Parliament session marking the 70th anniversary of Sri Lanka’s Government, in Colombo By Shihar Aneez and Abhirup Roy COLOMBO/MUMBAI (Reuters) – A decision by Sri Lanka’s president to fire the prime minister has raised doubts among global investors and credit analysts about the near-term economic ...

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UK upgrades growth forecasts: finance minister By Reuters

© Reuters. UK upgrades growth forecasts: finance minister LONDON (Reuters) – Britain has raised its official forecast for economic growth in 2019 while the outlook for subsequent years was unchanged or slightly higher, finance minister Philip Hammond said on Monday as he outlined his annual budget. The country’s official budget forecasters now expect gross domestic product will grow by 1.6 ...

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Indian government very upset with central bank for making rift public: sources By Reuters

© Reuters. FILE PHOTO: A guard stands next to the {{0|Reserve Bank of India}} (RBI) logo outside its headquarters in Mumbai NEW DELHI (Reuters) – Indian government officials are very upset with the central bank for publicly talking about a rift with the government, fearing it could tarnish the country’s image among investors, senior officials said on Monday. On Friday ...

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Fed’s Evans does not comment on economic, policy outlook By Reuters

© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Evans visits the online music retailer Sweetwater in Fort Wayne (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Monday did not touch on monetary policy or the U.S. economic outlook in prepared remarks to an annual summit on regional competitiveness in Chicago, in which he called for local leaders ...

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Top 5 Things to Know in The Market on Monday By Investing.com

© Reuters. Top 5 things to know today in financial markets Investing.com – Here are the top five things you need to know in financial markets on Monday, October 29: 1. Wall Street Points to Tentative Rebound After Last Week’s Rout U.S. stock futures pointed to a positive start to the trading week, with the major indices edging higher, as ...

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China environment facing pressures from economic slowdown: minister By Reuters

© Reuters. China environment facing pressures from economic slowdown: minister SHANGHAI (Reuters) – China’s pollution control efforts are coming under increasing pressure from the nation’s slowing economy and officials must not drop their guard this winter, the country’s environment minister said in remarks published on Monday. At a meeting last week, Minister of Ecology and Environment Li Ganjie told officials ...

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Italy Budget Deal Could Use `Standby’ on Some Items: Messaggero By Bloomberg

© Reuters. Italy Budget Deal Could Use `Standby’ on Some Items: Messaggero (Bloomberg) — Prime Minister Giuseppe Conte is seeking to mediate between the coalition partners backing Italy’s government and the European Union to ease tensions amid a standoff over the country’s proposed budget for 2019, Il Messaggero reported Sunday. Among the proposals for compromise: up to 17 billion euros ...

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Exclusive: BOJ eyes tweaks to bond-buying program, but won’t rush changes

Exclusive: BOJ eyes tweaks to bond-buying program, but won’t rush changes – sources By Leika Kihara TOKYO (Reuters) – The Bank of Japan is considering tweaking its bond buying operations to allow the government debt market to better reflect fundamentals, people familiar with the matter said, following years of heavy central bank buying in the sector. The proposed changes, which ...

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