Tag: ECON

  • Sri Lanka appoints nine new cabinet members

    COLOMBO, May 20 (Reuters) – Sri Lanka named nine new members of its cabinet on Friday, including ministers in charge of critical health, trade and tourism portfolios, as the island nation battles the worst economic crisis in the world. his history. “Nine ministers of the new multi-party government were sworn in before President Gotabaya Rajapaksa,” […]

  • Stocks fall as fears for global growth rise

    FILE PHOTO – An investor sits in front of a board displaying stock information at a brokerage office in Beijing, China December 7, 2018. REUTERS/Thomas Peter Join now for FREE unlimited access to Reuters.com Register BEIJING/HONG KONG, May 19 (Reuters) – Asian stocks fell on Thursday, following a sharp sell-off on Wall Street, as investors […]

  • Stock market rebound falters, UK inflation hits 40-year high

    LONDON, May 18 (Reuters) – A rebound in equities petered out on Wednesday as concerns over the outlook for economic growth and rising inflation rattled sentiment, while a British inflation reading of 9 % highlighted just how much interest rates could rise. Asian stocks managed to post their fourth consecutive session of gains, but in […]

  • Wall Street ends sharply higher, fueled by Apple

    Walmart slips after cutting profit forecast April retail sales rise in line with estimates S&P 500 +2.02%, Nasdaq +2.76%, Dow Jones +1.34% May 17 (Reuters) – Wall Street ended sharply higher on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. Ten […]

  • Stocks rally even as inflation fears linger

    Pristine prices are displayed on the stock quotation boards of the Tokyo Stock Exchange (TSE) after the TSE temporarily suspended all trading due to system problems in Tokyo, Japan October 1, 2020. REUTERS/Issei Kato/Files Join now for FREE unlimited access to Reuters.com Register LONDON/HONG KONG, May 17 (Reuters) – Asian stocks led a global rally […]

  • Billionaire FTX chief says bitcoin has no future as a payment network – FT

    Representation of the Bitcoin cryptocurrency is shown on a keyboard in front of binary code in this illustration taken September 24, 2021. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register May 16 (Reuters) – The founder of cryptocurrency exchange FTX said bitcoin has no future as a payment network and criticized the […]

  • Asian stocks in trouble after terrible Chinese data

    Traders are seen in front of a screen with trading numbers in red at the Stock Exchange of Thailand in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Retail sales in China fall 11.1%, production falls 2.9% Nikkei Cuts Gains, S&P 500 Futures Fall Dollar […]

  • Sri Lanka eases curfew as new PM begins to form cabinet

    A man walks along a deserted road in Colombo, Sri Lanka, May 11, 2022. REUTERS/Dinuka Liyanawatte Join now for FREE unlimited access to Reuters.com Register COLOMBO, May 14 (Reuters) – Sri Lanka lifted a 12-hour nationwide curfew on Saturday, further easing tough restrictions as new Prime Minister Ranil Wickremesinghe appointed the prime minister after clashes […]

  • Hungarian Orban presents an economic challenge to the former assistant to the Minister of Finance

    Hungarian Prime Minister Viktor Orban attends the opening session of the new Hungarian Parliament in Budapest, Hungary May 2, 2022. REUTERS/Bernadett Szabo Join now for FREE unlimited access to Reuters.com Register BUDAPEST, May 13 (Reuters) – Hungary’s Prime Minister on Friday handed former central banker Marton Nagy and Finance Minister Mihaly Varga responsibility for tackling […]

  • Stocks plummet, dollar soars as fears of hard landing grow

    A broker reacts while trading on his computer terminal at a securities brokerage firm in Mumbai, India February 1, 2020. REUTERS/Francis Mascarenhas Join now for FREE unlimited access to Reuters.com Register Global stocks fall to a year-and-a-half low, down almost 20% since the start of the year Europe opens 2% lower on US stock futures […]