BEIJING, Nov 24 (Reuters) – China reported record high COVID-19 infections on Thursday, with cities nationwide imposing localized lockdowns, mass testing and other curbs that are fueling frustration and darkening the outlook for the world’s second largest economy. The resurgence of infections, nearly three years after the pandemic emerged in the central city of Wuhan, … Read more
‘Most members’ of G20 condemn war in Ukraine – statement Threat of use of nuclear weapons ‘inadmissible’ Agreement to calibrate monetary tightening To pursue efforts to limit temperature rise to 1.5C NUSA DUA, Indonesia, Nov 16 (Reuters) – Leaders of the Group of 20 (G20) nations deplored Russia’s aggression in Ukraine “in the strongest terms” … Read more
Draft declaration: ‘Most’ G20 members condemn Ukraine war Ukraine’s Zelenskiy pushes his plan to end conflict Indonesia appeals for end to political polarization Inflation, debt, monetary policy also on the agenda US President Biden skips gala dinner on island of Bali NUSA DUA, Indonesia, Nov 15 (Reuters) – A Western-led push to condemn Russia’s invasion … Read more
Biden, Xi hold 3-hour Bali meeting ahead of G20 Both leaders stress need to get ties back on track Russia rejects reports of foreign minister’s hospitalization Indonesia seeking concrete progress on global economy at G20 Ukraine’s Zelenskiy due to address G20 on Tuesday NUSA DUA, Indonesia, Nov 14 (Reuters) – US President Joe Biden said … Read more
GDP in Q3 -0.2% q/q vs Reuters poll -0.5% Seven economic output -0.6% m/m vs poll -0.4% GDP in July and August revised up Economists still see UK going into recession Finance minister predicts “tough road ahead” LONDON, Nov 11 (Reuters) – Britain’s economy shrank in the three months to September at the start of … Read more
WASHINGTON, Nov 7 (Reuters) – Household cash is near record levels in the United States, and consumers are using it to pack restaurants and airplanes and buy new cars. Jobs are there for taking. Net worth is 30% higher than before the pandemic, more so for those in the bottom half. And people have soured … Read more
Employees work on the production line of vehicle components during a government-organized media tour to a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register China July official manufacturing PMI below forecast July official services … Read more
US economy contracts in the second quarter Meta Platforms revenue drops for first time Ford shares gain after results Indexes: Dow up 1%, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, July 28 (Reuters) – US stocks on Thursday rallied for a second day, with all three major indexes ending up more than 1% … Read more
Fed raises policy rate to 2.25%-2.50% range US central bank flags weakening economic data Fed’s Powell to speak at 2:30 pm EDT (1830 GMT) WASHINGTON, July 27 (Reuters) – The Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point on Wednesday in an effort to cool the most intense breakout … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Walmart cuts profit forecast; news hits retailers McDonald’s up as sales, profit top estimates Coca-Cola up on forecast raise NEW YORK, July 26 (Reuters) … Read more