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January 28, 2022

econ

Fiscal stimulus fuels U.S. economy in 2021 to its best performance since 1984

Reuters
Warehouse workers deal with inventory stacked up to the ceiling at an ABT Electronics Facility in Glenview, Illinois, U.S. December 4, 2018. REUTERS/Richa Naidu/File Photo Register now for FREE unlimited access to Reuters.com Register Fourth-quarter GDP increases at 6.9% rate Inventory investment accounts for bulk of growth Growth in 2021......

Expats head for the exit as ‘easy’ Singapore’s COVID controls bite

Reuters
SINGAPORE, Jan 27 (Reuters) – Atar Sandler arrived in Singapore in 2019, seizing the opportunity to live in a buzzing global city that is also a convenient base to jet off to more exotic locales nearby. But after two years of mask-wearing, socialising in small groups and travel restrictions to......

Fed says U.S. interest rates could rise ‘soon’

Reuters
Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen as a trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 15, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Central bank......

Hong Kong risks exodus over extended COVID isolation, Euro chamber says

Reuters
Hong Kong skyline is pictured from Victoria Peak in Hong Kong, China January 2, 2020. REUTERS/Navesh Chitrakar Register now for FREE unlimited access to Reuters.com Register HK reopening seen delayed until China rolls out mRNA vaccine High costs include exodus of international residents Appeal as global business hub seen fading......

U.S. business borrowing for equipment fell 3% in December – ELFA

Reuters
A U.S. one dollar banknote is seen in this illustration taken November 23, 2021. REUTERS/Murad Sezer/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 25 (Reuters) – U.S. companies borrowed 3% less in December to finance their investments in equipment, the Equipment Leasing and Finance Association (ELFA)......

Italy clears hurdle to buy export agency SACE in $4.8 bln deal

Reuters
ROME, Jan 25 (Reuters) – Italy approved a long-awaited decree needed for the Treasury to buy credit insurance agency SACE from state lender Cassa Depositi e Prestiti (CDP) in a deal expected to be worth around 4.25 billion euros ($4.81 billion), sources told Reuters. The Treasury wants to directly control......

Dollar edges higher on geopolitical tensions ahead of the Fed

Reuters
Pound and U.S. dollar bills are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Jan 25 (Reuters) – The dollar edged higher on Tuesday to within striking distance of its two-week peak, as investors bought safe-haven currencies amid tensions......

S.Korea’s GDP growth at 11-year high in 2021 as exports boom

Reuters
A truck drives between shipping containers at a container terminal at Incheon port in Incheon, South Korea, May 26, 2016.REUTERS/Kim Hong-Ji TPX IMAGES OF THE DAY/File Photo Register now for FREE unlimited access to Reuters.com Register S.Korea Q4 GDP s/adj +1.1% Q/Q (Reuters poll +0.9%) -BOK S.Korea Q4 exports +4.3%......

Ukraine tensions lift dollar, send euro lower

Reuters
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK/LONDON, Jan 24 (Reuters) – The dollar rose to a two-week high on Monday against......

Lebanese cabinet meets after hiatus, amid friction over budget

Reuters
Lebanon’s newly appointed Finance Minister Youssef Khalil looks on during a handover ceremony in Beirut, Lebanon September 14, 2021. REUTERS/Mohamed Azakir Register now for FREE unlimited access to Reuters.com Register Cabinet sessions blocked by dispute over Beirut port blast probe Lebanon due to begin online talks with IMF on Monday......

Olympics China warns of air pollution risk during Beijing Winter Games

Reuters
BEIJING, Jan 24 (Reuters) – Chinese authorities will take action against polluters to ensure next month’s Winter Olympics will be held in a “good environment”, an environment ministry spokesman said on Monday, as particularly heavy smog shrouded the capital, Beijing. The Feb. 4-20 Games will be held in Beijing and......

Asia shares tense as Fed looms, Ukraine a concern

Reuters
TV camera men wait for the opening of market in front of a large screen showing stock prices at the Tokyo Stock Exchange in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Asian stock markets : Nikkei off 1%, Wall St futures......

Hong Kong’s financial sector faces talent crunch as expats head for the exit

Reuters
HONG KONG, Jan 24 (Reuters) – Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with the city’s strict coronavirus restrictions. Sibree, who said she had enjoyed the previous five years in......

Yellen rebrands Biden economic agenda as ‘modern supply-side economics’

Reuters
U.S. Treasury Secretary Janet Yellen addresses the U.S. Conference of Mayors winter meeting in Washington, U.S. January 19, 2022. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Jan 21 (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday rebranded the Biden administration’s economic agenda as “modern supply-side......

Ireland drops most COVID restrictions in wake of ‘Omicron storm’

Reuters
No restrictions on hospitality, events Masks still required in shops, transport Few fell seriously ill from Omicron wave DUBLIN, Jan 21 (Reuters) – Ireland is to scrap almost all its COVID-19 restrictions on Saturday after coming though the storm of the Omicron variant that led to a massive surge in......

Analysis: A handbook of (mostly failed) radical inflation-fighting efforts

Reuters
LONDON/NEW YORK, Jan 21 (Reuters) – More governments are seeking ways to prevent surging inflation whipping up economic trouble – and even public unrest – without raising interest rates. But as the examples below show, past attempts to rein in soaring prices without hiking borrowing costs have often ended badly.......

A divided nation: Western Australia stays shut as COVID deaths mount in east

Reuters
The words “OMICRON SARS-COV-2” are seen reflected in a drop from a syringe needle in this illustration taken December 11, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SYDNEY, Jan 21 (Reuters) – Australia will remain a divided nation with the vast mining state of Western......

UK government accused of ‘blackmail’ to keep scandal-plagued Johnson in power

Reuters
Senior lawmaker says lawmakers were targeted Johnson pledges to fight on Wakeford said he was threatened over a vote Not aware of any evidence, says Downing Street LONDON, Jan 20 (Reuters) – A senior Conservative lawmaker accused the British government on Thursday of intimidating and attempting to “blackmail” those lawmakers......

Global energy transition to cause short-term economic pain -report

Reuters
Power-generating windmill turbines are seen behind a church in the village of Inchy-en-Artois, France, November 1, 2021. REUTERS/Pascal Rossignol Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Jan 20 (Reuters) – The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global......

Afghan women losing jobs fast as economy shrinks and rights curtailed

Reuters
KABUL, Jan 20 (Reuters) – In a small tailoring workshop in Kabul, 29-year-old Afghan entrepreneur Sohaila Noori looks on as her dramatically reduced workforce of around 30 women sew scarves, dresses and baby clothes. A few months ago, before the hardline Islamist Taliban movement seized power in August, she employed......

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