Nomura warns seven emerging economies face currency crisis danger
LONDON, Nov 22 (Reuters) – Nomura has warned that seven countries – Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan and Hungary – are now...
Japan’s economy unexpectedly shrinks as hot inflation, global slowdown take toll
Japan Q3 GDP down 0.3% q/q, annualised down 1.2% High import costs, global recession risks heap pressure Weak yen magnifies living costs, adds to Tokyo’s...
Turkey’s inflation hits 24-year high of 85.5% after rate cuts
ISTANBUL, Nov 3 (Reuters) – Turkish annual inflation climbed to a new 24-year high of 85.51% in October, official data showed on Thursday, slightly below...
U.S. is not in recession, White House not preparing for one – officials
WASHINGTON, Nov 3 (Reuters) – The United States is not in a recession, White House chief of staff Ron Klain said on Thursday, adding that...
Storm clouds gather over the pound as focus turns back to dire economy
LONDON, Nov 2 (Reuters) – The pound has just staged its biggest monthly rally in a year after shaking off weeks of British political turmoil,...
IMF’s Georgieva says China, other big creditors must work to prevent debt ‘explosion’
International Monetary Fund chief Kristalina Georgieva meets Democratic Republic of Congo President Felix Tshisekedi in Kinshasa, Democratic Republic of Congo, December 8, 2021. REUTERS/ Hereward...
Turkish inflation seen breaching 81% in Aug, falling to 71% by end-2022
A vendor selling seafood serves customers in Ankara, Turkey February 16, 2022. REUTERS/Cagla Gurdogan Register now for FREE unlimited access to Reuters.com Register ISTANBUL, Aug...
China’s factory activity extends declines as heat, COVID hit output
Employees work on the production line at Jingjin filter press factory in Dezhou, Shandong province, China August 25, 2022. REUTERS/Siyi Liu Register now for FREE...
Turkish inflation soars to 73%, highest since 1998
People stroll at Mahmutpasa street, a middle-class shopping area, in Istanbul, Turkey May 6, 2022. REUTERS/Murad Sezer Register now for FREE unlimited access to Reuters.com...
Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan
NEW YORK, April 28 (Reuters) – The dollar hit a 20-year high against rivals on Thursday as the Bank of Japan doubled down on its...