China consumer inflation accelerates in Dec; PPI falls with soft demand
BEIJING, Jan 12 (Reuters) – China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained...
Biden signs $1.66 trillion FY 2023 government funding bill
CHRISTIANSTED, St. Croix, Dec 29 (Reuters) – President Joe Biden on Thursday signed a $1.66 trillion bill funding the U.S. government for fiscal year 2023,...
ECB should avoid things that worsen the economy, Italy PM says
ROME, Dec 29 (Reuters) – Italy’s Prime Minister Giorgia Meloni on Thursday said the European Central Bank should avoid making “pejorative choices” and communicate well...
Gold price soars in Egypt as local currency weakens
CAIRO, Dec 27 (Reuters) – The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency...
How 2022 shocked, rocked and rolled global markets
World stocks down 20% in worst year since financial crisis Bond market has been pounded as rates have risen Wild swings in commodity and FX...
Japan to unveil record $864 bln budget driven by military costs
TOKYO, Dec 23 (Reuters) – Japan is set to unveil on Friday a record $864 billion budget for the next fiscal year from April, pushed...
Republican senators propose overhaul of Federal Reserve amid concerns about politics
NEW YORK, Dec 21 (Reuters) – Seven Republican U.S. senators on Wednesday announced a new bill aimed at reshaping the Federal Reserve’s 12 regional banks,...
China calls US ‘destroyer’ of global trading system at WTO
GENEVA, Dec 14 (Reuters) – China accused Washington on Wednesday of using subsidies to prop up national industries and refusing to abide by the rules...
U.S. Senate passes record $858 billion defense act, sending bill to Biden
WASHINGTON, Dec 15 (Reuters) – The U.S. Senate passed legislation on Thursday authorizing a record $858 billion in annual defense spending, $45 billion more than...
Chinese leaders to signal more stimulus for 2023 as COVID clouds outlook
BEIJING, Dec 13 (Reuters) – When China’s leaders gather this month to set next year’s economic agenda, they will likely map out more stimulus steps,...