President Donald Trump's inauguration promise in January that "the golden age of America begins right now" remains unfulfilled in the outlook of Federal Reserve officials who so far see his policies slowing the economy, raising unemployment and inflation, and clouding the horizon with a still-unres
Southeast Asia witnessed a 10 per cent increase in foreign direct investment (FDI) in 2024, reaching $225 billion—the second-highest level in the region’s history, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2025 released on Thurs
Syria this week carried out its first international bank transfer via the SWIFT international payment system since the outbreak of the country’s 14-year civil war, central bank governor Abdelkader Husriyeh said on Thursday, a milestone in Syria’s push to reintegrate into the global fina
India's central bank plans to use the cash reserve ratio more frequently to manage liquidity and aid policy transmission, rather than deploying it only during extreme cash swings, a source told Reuters on Wednesday. The person aware of the Reserve Bank of India's thinking declined to be identified
The first meeting of the China-U.S. economic and trade consultation mechanism opened here in London on Monday. Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, attended the meeting with U.S. representatives.
The US economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump's trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate. First-quarter growth was brought down by a surge in imports as
The European Union (EU) and the United Arab Emirates (UAE) have formally launched negotiations for a bilateral Free Trade Agreement (FTA), marking a potential breakthrough towards the EU's first comprehensive trade deal in the Gulf region, said the European Commission on Wednesday. This initiative
The outlook for the US economy remains weak despite a temporary cooling of the US-China trade war, a Reuters poll of economists showed, with a debate over the country's fiscal health hanging in the balance. A 90-day truce to temporarily slash steep US-China import duties has marginally reduced US
India's foreign exchange reserves increased by 4.553 billion US dollars to $690.617 billion during the week ended May 9, showed the latest weekly data released by country's central bank the Reserve Bank of India (RBI). During the said week, while the foreign currency assets rose by $196 million to
The United Nations on Thursday forecast slower global economic growth this year and next, pointing to the impact of the surge in US tariffs and increasing trade tensions. UN economists also cited the volatile geopolitical landscape and threats of rising production costs, supply chain disruptions a
China will commit credit lines of just under $10 billion to Latin American countries to support development, but in yuan, its top leader said when addressing a summit of Latin American and Caribbean officials in Beijing on Tuesday.President Xi Jinping delivered a speech to kick off a ministerial me
The International Monetary Fund executive board approved on Friday a fresh $1.4 billion loan to Pakistan under its climate resilience fund and approved the first review of its $7 billion program, freeing about $1 billion in cash."Pakistan’s policy efforts under the (program) have already deli
Ukraine is starting to consider a shift away from the US dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central Bank Governor Andriy Pyshnyi told Reuters. Potential accession to the European Union, a "strengthenin
