Economic News

HONG KONG/SINGAPORE (Reuters) -Cryptocurrency-linked stocks dropped in Hong Kong on Monday morning, after Chinese authorities intensified their crackdown on the industry, while...

By Kevin Buckland TOKYO (Reuters) - The safe-haven yen sank to its lowest in nearly three months on Monday, while the risk-sensitive Australian dollar continued to recover from an...

By Chuck Mikolajczak NEW YORK (Reuters) - The dollar rose on Friday and was poised for its third straight week of gains against a basket of major currencies, as uncertainty over...

By Lewis Krauskopf and Tommy Wilkes NEW YORK/LONDON (Reuters) - European equity markets fell on Friday and major U.S. indexes were little changed as worries over fallout from...

By Alun John, Samuel Shen and Tom Wilson SHANGHAI/LONDON (Reuters) - China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on...

By Devik Jain (Reuters) - U.S. stock indexes fell on Friday following a two-day rally, weighed down by technology and healthcare shares, while a dour sales forecast from Nike...

(Bloomberg) -- U.S. household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and the largest-ever increase in the value of...

(Bloomberg) -- Federal Reserve Chair Jerome Powell said the U.S. economy is experiencing “fundamental shifts” as people and businesses pivot to “meet the demands of a new...

By Andy Bruce LONDON (Reuters) - Growing worries over energy bills, food costs and tax hikes prompted a hefty drop in British consumer confidence this month as people became more...

(Bloomberg) -- The Bank of England could raise interest rates twice by May to curb a surge in inflation, but that largely depends on how high unemployment rises after the end of...

By Geoffrey Smith Investing.com -- Treasury bonds stabilize after their biggest one-day sell-off in months. Jerome Powell and two other top Fed officials may speak to that later....

(Bloomberg) -- Holders of China Evergrande Group’s dollar bonds have been left on edge after the distressed developer gave no signs of meeting a Thursday deadline for an $83.5...

(Bloomberg) -- China’s central bank will push to reform its emergency-funding facility to make it easier for banks to access cash, a move that could help smooth out the volatility...

SANTIAGO (Reuters) - Chilean President Sebastian Pinera unveiled an $82.1 billion draft budget for 2022 on Thursday that he said would begin to tame a ballooning deficit in the...

By Lewis Krauskopf and Marc Jones NEW YORK/LONDON (Reuters) - World stock markets rallied on Thursday and the U.S. dollar retreated from one-month highs as worries faded about...

By David Shepardson WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo said on Thursday it is time to get "aggressive" in addressing the worsening semiconductor chip...

(Bloomberg) -- Soaring food costs driven by supply-chain snarls and other disruptions hurting the agriculture industry will prove “transitory” and should dissipate in time, says...

(Bloomberg) -- U.S. household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and the largest-ever increase in the value of...

(Bloomberg) -- To understand why more than 100 container ships are waiting to enter U.S. ports from Southern (NYSE:SO) California to Savannah, Georgia, it helps to keep tabs on the...

(Bloomberg) -- A measure of activity at U.S. service providers and manufacturers in September grew at the slowest pace in a year, restrained by nagging supply-chain and labor...

By Ali Kucukgocmen and Jonathan Spicer ISTANBUL (Reuters) -Turkey's central bank unexpectedly cut its policy rate by 100 basis points to 18% on Thursday, delivering stimulus long...

(Bloomberg) -- Turkey’s central bank unexpectedly cut its benchmark rate on Thursday, risking further volatility in the lira amid high inflation and reflecting the long shadow cast...

By Geoffrey Smith  Investing.com -- Global markets extend their gains on relief at the lack of immediate tightening by the Federal Reserve and a stay of execution for China...

By Sujata Rao LONDON (Reuters) - The dollar slipped on Thursday off one-month highs reached after the Federal Reserve set the stage for interest rate hikes next year and a pick-up...

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The Swiss National Bank stuck with ultra-low interest rates in...

A look at the day ahead from Karin Strohecker. It's deadline day for China's embattled property giant Evergrande , labouring under a $305 billion mountain of debt, to pay its...

By Alexandra Alper, Stephen Nellis and David Shepardson (Reuters) - Intel Corp (NASDAQ:INTC) Chief Executive Pat Gelsinger plans to attend a virtual White House meeting on the...

SYDNEY (Reuters) - Australians are finding a silver lining to lockdowns as super-cheap credit lifts the value of homes and shares to record highs, a windfall of wealth that gives...

(Bloomberg) -- China’s central bank net-injected the most short-term liquidity in eight months into the financial system, with markets roiled by concerns over China Evergrande...

LUSAKA (Reuters) -Zambia's president is due to meet officials at the International Monetary Fund and World Bank in Washington, his spokesman said on Wednesday, as the southern...

By David Milliken LONDON (Reuters) - Britain's central bank looks set to keep interest rates steady later on Thursday as it approaches the end-point of its 895 billion pound...

(Bloomberg) -- A number of China’s publicly-traded banks rushed to assuage investors who are concerned about risks from the deepening crisis at China Evergrande Group. At least...

NEW YORK (Reuters) - The Federal Reserve on Wednesday cleared the way to reduce its monthly bond purchases "soon" and signaled interest rate increases may follow more quickly than...

(Updates with Fed policy statement) By Chuck Mikolajczak NEW YORK (Reuters) - The U.S. dollar was choppy on the heels of the latest policy announcement by the Federal Reserve on...

By Yasin Ebrahim Investing.com - The Federal Reserve kept interest rates unchanged Wednesday, and signaled it would trim its monthly bond-buying program before year-end. The...