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Economy

Economy

Five key charts for the new Treasury secretary to watch

(Reuters) – Donald Trump on Friday said he would nominate Scott Bessent to be the 79th U.S. Treasury secretary and frontman for…
Economy

Sri Lanka’s central bank likely to resume rate cuts to foster growth: Reuters poll

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to renew easing of interest rates on Wednesday, with a…
Economy

China industrial profits plunge in September, extending slump

BEIJING (Reuters) – China’s industrial profits plunged in September, extending their declines with the year’s steepest monthly fall, official data showed on…
Economy

60% tariff on Chinese goods could slash GDP growth by 2.4%, Citi warns

Investing.com — As per analysts at Citi Research, if a 60% universal tariff were imposed on Chinese goods entering the U.S., the…
Economy

Washington Post reports Elon Musk briefly worked illegally in US in 1990s

WASHINGTON (Reuters) – The Washington Post reported on Saturday that South African-born billionaire businessman Elon Musk worked illegally in the United States…
Economy

Taiwan reports Chinese ‘combat patrol’ after Beijing slams US arms deal

By Ben Blanchard and Ryan Woo TAIPEI/BEIJING (Reuters) -Taiwan’s defence ministry said on Sunday that Chinese warplanes and warships had carried out…
Economy

G7 leaders agree to deliver $50 billion in loans to Ukraine as soon as December

By Angelo Amante and David Lawder ROME/WASHINGTON (Reuters) – Leaders of the Group of Seven wealthy democracies on Friday reached consensus on…
Economy

US approves $2 billion arms sale to Taiwan including Ukraine tested missile system

By Mike Stone and Ben Blanchard WASHINGTON/TAIPEI (Reuters) -The United States has approved a potential $2 billion arms sale package to Taiwan,…
Economy

China expresses concern over tariffs, sanctions in US meeting

HONG KONG (Reuters) – China expressed concern over U.S. tariffs and Russia-related sanctions during a meeting of the two countries’ Economic Working…
Economy

Citi quantifies the impact of a unilateral tariff increase by the US

Investing.com — Citi Research has quantified the impact of a unilateral tariff increase by the United States, offering a comprehensive understanding of…
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