Browsing: Economy

As China’s economic recovery continues to underwhelm, observers’ sights are turning from the country’s intractably weak consumer sector to the more worrying downturn in the enormous…

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% next week and leave it there…

President Joe Biden on Thursday touted the first sale of offshore-wind-power leases in the Gulf of Mexico as he spoke to workers in the key battleground…

U.S. mortgage rates inched lower this week, backing off from an eight-month high as inflation showed welcome signs of cooling.  Mortgage buyer Freddie Mac said Thursday…

SYDNEY (Reuters) – Australia’s biggest telecommunications company Telstra (OTC:) said on Thursday it planned to cut nearly 500 jobs due to changes from digitisation and automation,…

By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will raise interest rates by 25 basis points on July 27, according to all economists in…

The numbers: Construction on new homes fell 8% in June, as U.S. homebuilders sharply slowed down starting on new single-family homes and focusing on finishing existing…

By Abhirup Roy SAN FRANCISCO (Reuters) – Tesla (NASDAQ:) Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and…

The pound fell back below $1.30, U.K. government bond yields dropped sharply and London’s equity futures jumped after data showed Britain’s inflation has dropped to its…

By David Brunnstrom WASHINGTON (Reuters) – China does not want a trade or tech war but will definitely respond if the United States imposes more curbs…