Philippine peso on Friday night hits record low on energy woes
MANILA (Reuters): The Philippine peso slid to a record low on Friday night as concerns over energy costs and…
China moves to stabilise property sector with ‘stronger-than-expected’ policy package
Beijing has unveiled a package of measures to shift home sales in China’s vast property market away from…
Where to Invest: 7 Safe-Havens As Hotter Inflation Hits US, SocGen Says
Hotter inflation is likely coming for the US. Luckily, there are a few places where investors can hide,…
Where Can Russia Find More Money for War?
The Central Bank again cut its key interest rate by a symbolic quarter of a percentage point, to…
Russian Central Bank Warns of Higher Inflation as It Lowers Key Rate to 14%
Russia’s Central Bank lowered its key interest rate from 14.25% to 14% on Friday as it continues down a…
Brazil and US clash over future of payments as popular Pix system stirs global interest
By Marcela Ayres BRASILIA, July 21 (Reuters) – Brazil’s Pix, one of the world’s most successful instant-payment systems,…
Russians turn to cash, putting more strain on slowing wartime economy
Russians are returning to cash, as mobile internet shutdowns disrupt card payments, and more businesses seek to dodge…
Warsh drops inflation bombshell that could reset interest-rate bets
From Main Street to Wall Street, households and businesses had been grappling with higher prices in goods and…
Russian Central Bank Slashes Key Rate to 14.25%
Russia’s Central Bank lowered its key interest rate from 14.5% to 14.25% on Friday, marking its ninth consecutive…
Top Economist Warns That the US Economy Is Flashing Key Warning Signal
The US economy may be growing, but Moody’s chief economist Mark Zandi says that doesn’t mean it’s in…
JPMorgan sees Turkey central bank lift interest rates to 40% imminently
LONDON, May 22 (Reuters) – Investment bank JPMorgan said on Friday that Turkey’s central bank was likely to…
Indonesia unveils ambitious targets, tightens commodities grip in pursuit of ‘magnificent prosperity’
By Gayatri Suroyo and Ananda Teresia JAKARTA, May 20 (Reuters) – Indonesia’s president unveiled ambitious economic targets for…