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

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

Global economy: Asia’s factories feeble despite China bounce, feeds global recession fears

Global economy: Asia’s factories feeble despite China bounce, feeds global recession fears

A bicycle rider rides past a factory at Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Japan, S. Korea PMIs slow in June on supply constraints Taiwan’s PMI contracts, other Asian PMIs also soft China’s Caixin index expands at the … Read more

Analysis: What’s slowdown? Canada’s economy to top G7 on high oil, crop prices

Analysis: What’s slowdown?  Canada’s economy to top G7 on high oil, crop prices

OTTAWA/WINNIPEG, June 29 (Reuters) – Surging oil and wheat prices are allowing commodities exporter Canada to weather an economic storm threatening to tip many of its fellow G7 rich nations into recession. Russia’s invasion of Ukraine in February stranded the region’s wheat stockpiles and triggered Western sanctions on Russian crude, sending commodity prices surging. Central … Read more

Russia’s jobless rate falls to record low but economic hurdles mount

Russia’s jobless rate falls to record low but economic hurdles mount

A pedestrian walks past the windows of business premises put out for rent in Moscow, Russia June 8, 2022. REUTERS/Evgenia Novozhenina/File Photo Register now for FREE unlimited access to Reuters.com Register MOSCOW, June 29 (Reuters) – Russia’s unemployment rate dropped to a record low in May but industrial output fell and consumer demand, measured by … Read more

Morning Bid: When bad data is just that

Morning Bid: When bad data is just that

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 17, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Julien Ponthus. Much of the market rebound from the lows hit on June 17 was credited to … Read more

Digital economy development in China shifts the focus to the production side

Digital economy development in China shifts the focus to the production side

Just recently, China’s Central Commission for Comprehensively Deepening Reform reviewed various plans for data system, including a guideline on building the basic systems for data and making better use of data resources. The central government’s layout from the construction of the basic system of data is intended to lay a solid foundation for the further … Read more

Morning Bid: The Sintra stage

Morning Bid: The Sintra stage

President of European Central Bank Christine Lagarde addresses a news conference following the meeting of the Governing Council’s monetary in Frankfurt, Germany March 10, 2022. Daniel Roland/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Sujata Rao The Portuguese village of Sintra … Read more