New UK finance minister Zahawi inherits faltering economy, soaring inflation

New UK finance minister Zahawi inherits faltering economy, soaring inflation

British New Finance Minister Nadhim Zahawi leaves 10 Downing Street, in London, Britain, July 5, 2022. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON, July 5 (Reuters) – Britain’s new finance minister Nadhim Zahawi takes the reins of an economy struggling under the strain of nearly double-digit inflation and a slowdown … Read more

Euro plunges to two-decade low vs dollar as economic fears mount

Euro plunges to two-decade low vs dollar as economic fears mount

LONDON, July 5 (Reuters) – The euro sank to a two-decade low versus the dollar on Tuesday as another surge in natural gas prices reignited worries about the health of the euro zone economy and data showed euro zone business growth slowed sharply in June . The euro tumbled 0.9% against the dollar to $1.0325, … Read more

Inflation at 24-yr high adds to strains in South Korea’s economy

Inflation at 24-yr high adds to strains in South Korea’s economy

A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June inflation at highest since 1990s Asia financial crisis Foreign exchange reserves fall in June by most since … Read more

Column: Oil bulls retreat as economic outlook darkens

Column: Oil bulls retreat as economic outlook darkens

An Oil and Natural Gas Corp’s (ONGC) well is pictured in an oil field on the outskirts of the western city of Ahmedabad, India, February 10, 2016. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register LONDON, July 4 (Reuters) – Investors continued to liquidate bullish long positions in petroleum last week as … Read more

Dollar holds firm as growth fears stalk markets

Dollar holds firm as growth fears stalk markets

South Korean won, Chinese yuan and Japanese yen notes are seen on US $100 notes in this file photo illustration shot December 15, 2015. REUTERS/Kim Hong-Ji//Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, July 4 (Reuters) – The dollar kept trade-sensitive currencies pinned near multi-year lows on Monday and the euro was … Read more

Has Indonesia shaken its ‘fragile’ status among emerging markets?

Has Indonesia shaken its ‘fragile’ status among emerging markets?

An employee counts Indonesian rupiah banknotes at a currency exchange office in Jakarta, Indonesia October 23, 2018. REUTERS/Beawiharta Register now for FREE unlimited access to Reuters.com Register JAKARTA, July 4 (Reuters) – A decade ago Indonesia earned the unwelcome label of being among the so-called “Fragile Five” emerging markets, highly vulnerable to capital outflows and … Read more

Analysis: Hasty exit by Argentina’s economy minister could deepen market crisis

Analysis: Hasty exit by Argentina’s economy minister could deepen market crisis

Argentine Economy Minister Martin Guzman gestures during an interview with Reuters, in Buenos Aires, Argentina March 11, 2020. REUTERS/Agustin Marcarian/File Photo Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, July 3 (Reuters) – The abrupt departure of Argentina’s minister and lack of a clear successor economy could threaten to further destabilize an … Read more

Reuters end-Q2 global sovereign bond markets poll results

Reuters end-Q2 global sovereign bond markets poll results

A man wearing a protective mask amid the coronavirus disease (COVID-19) outbreak, looks at a board displaying the Japanese yen exchange rate against the US dollar outside a brokerage in Tokyo, Japan June 16, 2022. REUTERS/Kim Kyung-Hoon/ File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, July 1 (Reuters) – Reuters polled … Read more

US factory activity slows to two-year low as clouds gather over economy

US factory activity slows to two-year low as clouds gather over economy

Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, US November 4, 2019. REUTERS/Charles Mostoller Register now for FREE unlimited access to Reuters.com Register ISM manufacturing index falls 3.1 points to 53.0 in June New orders, employment contract Construction spending dips 0.1% in May WASHINGTON, July 1 (Reuters) … Read more

EU agrees to tame ‘Wild West’ with new crypto market rules

EU agrees to tame ‘Wild West’ with new crypto market rules

Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters – Cryptocurrency companies will need a license and customer safeguards to issue and sell digital tokens … Read more