Economy News

PARIS (Reuters) - French President Emmanuel Macron's government will unveil on Tuesday the details of a pension reform that unions have already said they would take to the streets...

By Antony Paone and Yiming Woo PARIS (Reuters) -French train drivers, teachers and refinery workers were among those who walked off their jobs on Thursday in a nationwide day of...

By Leika Kihara and Takaya Yamaguchi TOKYO (Reuters) - The Bank of Japan (BOJ) may raise a cap set around its 10-year bond yield target to 0.75% or double it to 1.0% by around...

(This Jan. 18 story has been corrected to change the timing of IMF MD Georgieva's visit to Zambia from "in two weeks" to "next week" in paragraph 14) By Marc Jones and Rachel...

FRANKFURT (Reuters) - The euro zone swung back to a current account surplus in November on an improved balance in the trade of goods and services, European Central Bank data...

TAIPEI (Reuters) - Taiwan's central bank debated a larger interest rate hike at its last board meeting in December, with one board member saying the bank had been too optimistic...

By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia's central bank raised its key policy rate by 25 basis points (bps) on Thursday, its sixth hike since August,...

FRANKFURT (Reuters) - Markets may be underestimating planned rate hikes by the European Central Bank and most of the remaining increases will be done in multiples of 50 basis...

By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) - The European Bank for Reconstruction and Development expects a record loss in 2022, primarily due to...

By Kathryn Lurie DAVOS, Switzerland (Reuters) - Climate change came to the fore at the World Economic Forum's annual meeting, where U.N. Secretary-General Antonio Guterres called...

DAVOS, Switzerland (Reuters) - The European Central Bank has yet to win its fight against sky high inflation so its guidance for big rate hikes in the months ahead remains valid,...

KUALA LUMPUR (Reuters) - Malaysia's central bank on Thursday unexpectedly kept its benchmark interest rate unchanged at 2.75%, saying it was assessing the impact of four...

SHANGHAI (Reuters) -China is expected to keep benchmark lending rates unchanged for a fifth month in January, a Reuters survey showed, although analysts think cuts next month are...

By David Kirton SHENZHEN, China (Reuters) - Christian Gassner, whose furniture components factory in the southern Chinese city of Shenzhen had a dismal end of 2022 amid COVID-19...

(Reuters) - A global rebound in air travel has brought pilots back to work after a pandemic-induced slump, but many men and women in the cockpit have concerns over salary, a...

By Hyunsu Yim SEOUL(Reuters) - The administration of South Korean president Yoon Suk Yeol wants to allow people to work up to 69 hours a week - up from the current 52 - and bank...

By Howard Schneider and Lindsay (NYSE:LNN) Dunsmuir (Reuters) -Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several...

By David Shepardson WASHINGTON (Reuters) -A group of four U.S. senators on Wednesday asked passenger railroad Amtrak Chief Executive Stephen Gardner to answer questions about a...

By Hyonhee Shin SEOUL (Reuters) - North Korea's parliament has outlined plans to normalise industrial production and meet its economic goals this year, despite the "worst-ever...

By Walter Bianchi and Jorgelina do Rosario BUENOS AIRES (Reuters) - Argentina will buy back overseas bonds equivalent to over $1 billion to improve its debt profile, Economy...

By Michael S. Derby NEW YORK (Reuters) -Philadelphia Federal Reserve President Patrick Harker reiterated on Wednesday that he is ready for the U.S. central bank to move to a...

By Brenda Goh and Enrico Dela Cruz DAVOS, Switzerland/MANILA (Reuters) - Philippines President Ferdinand Marcos Jr said his country would resist global recessionary headwinds, but...

DAVOS, Switzerland (Reuters) - China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most...

MUMBAI (Reuters) - The Indian government bought back bonds maturing in 2024 from the Reserve Bank of India on Tuesday, while also issuing bonds maturing in 2032 worth a similar...

By Ann Saphir (Reuters) - Dallas Federal Reserve Bank President Lorie Logan on Wednesday laid out a case for slowing the pace of the U.S. central bank's interest-rate hikes so as...

By Andrea Shalal ZURICH (Reuters) - U.S. Treasury Secretary Janet Yellen agreed with Chinese Vice Premier Liu He to enhance communication about macroeconomic and financial issues...

MEXICO CITY (Reuters) - Mexican lawmakers voted Wednesday to confirm the government's nominee as the newest Bank of Mexico board member, filling a vacancy left at the end of 2022...

By Antonio Bronic and Daria Sito-Sucic ZAGREB (Reuters) - The Croatian government and businesses are at loggerheads as traders dismiss measures aimed at battling price hikes after...

By Michael S. Derby NEW YORK (Reuters) - Last year, the inflation data that forced the Federal Reserve to embark on a historically aggressive path of rate rises was a bigger mover...

(Reuters) - Asian American/Pacific Islander (AAPI) households and those with lower incomes have experienced higher inflation over the past few months as a rise in the costs of...

BRASILIA (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Wednesday that the country's minimum wage must rise in line with its economic growth, after the...

By Kate Chappell KINGSTON (Reuters) - Olympic champion Usain Bolt is seeking to recover more than $12.7 million that disappeared from his account with a Jamaican investment firm...

By Kanishka Singh WASHINGTON (Reuters) - Columbia University named former Bank of England Deputy Governor and current London School of Economics President Nemat "Minouche" Shafik...

By Howard Schneider WASHINGTON (Reuters) - The Federal Reserve's current structure, with the Washington-based Board of Governors and 12 quasi-autonomous regional banks, has...

By Ann Saphir WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Wednesday and is experiencing mild symptoms from the virus, the U.S....