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Economy

Economy

What Scott Bessent’s Treasury nomination could mean for the economy, tariffs

Investing.com — President-elect Donald Trump announced on Friday that he will nominate Scott Bessent, a prominent investor, as the next US Treasury…
Economy

Nigeria’s central bank raises key interest rate to 27.50%

The Central Bank of Nigeria has announced an increase in the Monetary Policy Rate (MPR) by 250 basis points, taking it from…
Economy

UK police forces quietly withdraw from X platform amid content concerns

By Andy Bruce (Reuters) – Several British police forces have largely withdrawn from Elon Musk’s X social media platform as concerns over…
Economy

UK retailer confidence plunges, sales decline expected to worsen, according to CBI survey

Retailers in the United Kingdom (TADAWUL:4280) are facing a challenging outlook as sentiment about their business situation over the next three months…
Economy

US 10-year yields drop to 2-week low as bonds rally on Bessent pick

By Stefano Rebaudo and Tom Westbrook (Reuters) – U.S. Treasuries rallied on Monday as investors cheered the selection of Scott Bessent as…
Economy

Slackening demand likely weighed on India’s GDP growth in September quarter: Reuters poll

By Vivek Mishra BENGALURU (Reuters) – India’s economy likely grew at its slowest pace in one-and-a-half years in the three months to…
Economy

Trump’s big tax-cut plans could be slowed by a wary bond market

By David Lawder and David Morgan WASHINGTON (Reuters) – Donald Trump’s Republicans are promising to hit the gas next year when they…
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…
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