MUMBAI, June 1 (Reuters) – A surge in investments that offset sluggish consumption to boost India’s growth in 2022-23 is expected to power the economy in the current financial year as the government pushes ahead with massive capital expenditure plans, economists said. This, in turn, could reflect across sectors like construction, which have a multiplier […]
WASHINGTON, May 30 (Reuters Breakingviews) – The U.S. government could soon shrink one of its most promising investments. The budget deal agreed to by President Joe Biden and top congressional Republican Kevin McCarthy would move $20 billion away from the Internal Revenue Service over the next two years. The change shores up cash for other […]
[1/2] Pakistan’s Finance Minister Ishaq Dar gestures during a news conference to announce the economic survey of fiscal year 2016-2017, in Islamabad, Pakistan, May 25, 2017. REUTERS/Faisal Mahmood ISLAMABAD, May 28 (Reuters) – Pakistan will share its upcoming budget details with the International Monetary Fund (IMF) in order to unlock stalled funds, Finance Minister Ishaq […]
NEW YORK, May 27 (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government’s $31.4 trillion debt ceiling, ending a months-long stalemate, two sources familiar with the negotiations said on Saturday. But the deal still faces a difficult path to pass through Congress […]
US GDP estimates, initial jobless claims due at 1230 GMT Dollar scales more than 2-month high May 25 (Reuters) – Gold prices edged up on Thursday, as investors awaited developments in the drawn-out debt ceiling negotiations in Washington, with gains in bullion capped by the U.S. dollar rising to an over two-month high. Spot gold […]
May 25 (Reuters) – Workspace Group (WKP.L) forecast rental income and pricing growth in its fiscal 2023/24 year after the London-focused office-space provider posted an annual loss on Thursday, hurt by a more than 3% drop in the valuation of its properties. Office space providers across the globe have been battling valuation declines due to […]
May 25 (Reuters) – Oil prices were little changed on Thursday as uncertainty over whether the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts. Brent crude futures eased 1 cent to $78.35 a barrel by 04290 GMT. U.S. West Texas Intermediate crude (WTI) fell 11 cents, or […]
Reviews smaller markets to chase bigger Asian growth Looking to add 2,000 Chinese wealth managers over 2 years LONDON, May 24 (Reuters) – HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial […]
[1/3] Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/File Photo May 23 (Reuters) – Things are heating up on the bitcoin blockchain. Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glassnode, almost 40% higher than the previous peak […]
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced that it had agreed to sell $2.6 billion worth of real estate construction loans at a discount in a bid to improve its balance sheet. PacWest’s stock rose nearly 20% on the deal, giving the Los Angeles-based […]
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