Fed’s Powell: U.S. economy at an ‘inflection point’ – CBS ’60 Minutes’

2/2 © Reuters. FILE PHOTO: Chair of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing in Washington 2/2 By Dan Burns and Howard Schneider (Reuters) – The U.S. economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks […]

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Italy’s economy seen growing 4.1% this year, business lobby says

© Reuters. Outbreak of the coronavirus disease (COVID-19) in Rome ROME (Reuters) – Italy’s virus-hit economy is expected to grow 4.1% this year and 4.2% in 2022 in an “uncertain ascent from the abyss”, the country’s business lobby Confindustria said on Saturday. The Italian economy shrank by a post-war record of 8.9% last year, and […]

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Guardians of World Economy See Long Road for Pandemic Recovery

© Reuters. Guardians of World Economy See Long Road for Pandemic Recovery (Bloomberg) — The guardians of the global economy this week implored governments to act to avoid a two-speed rebound where vaccinated, rich nations recover more strongly from the pandemic than poorer countries languishing under the burden of disease and debt. The International Monetary […]

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Economy in focus, Argentina’s pandemic strategy shifts for second wave

© Reuters. FILE PHOTO: People wearing faces mask as a protection against the coronavirus disease (COVID-19) wait for the bus, in Buenos Aires By Agustin Geist BUENOS AIRES (Reuters) – Argentina’s President Alberto Fernandez was clear when COVID-19 first hit the country early last year: saving lives at all costs trumped any economic concerns. Now […]

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Biden hails strong jobs report, but warns economy could slow if COVID surges again

2/2 © Reuters. The spread of the coronavirus disease (COVID-19), in Fayetteville 2/2 WASHINGTON (Reuters) -U.S. President Joe Biden on Friday welcomed data that showed the U.S. economy created the most jobs in seven months in March but warned Americans that the progress on the economy could be reversed if the coronavirus surges through the […]

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Dollar Edges Lower; Trend Points Higher as U.S. Economy Recovers

© Reuters. By Peter Nurse Investing.com – The dollar handed back some gains in early European trading Wednesday as bond yields edged off highs, but remained in demand as fiscal stimulus and an aggressive vaccine rollout are seen prompting a strong U.S. economic recovery.   At 3:15 AM ET (0815 GMT), the , which tracks the […]

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German economy is slumping on anti-virus curbs, Bundesbank says

© Reuters. FILE PHOTO: Shops affected by the COVID-19 lockdown in the western German city of Essen FRANKFURT (Reuters) – The German economy is likely to shrink sharply this quarter as pandemic-fighting curbs hit the services sector and even the booming construction industry slows, the Bundesbank said on Monday. In its latest monthly report, the […]

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Canadian dollar adds to Monday’s rally as economy grows

© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto TORONTO (Reuters) – The Canadian dollar edged higher against its U.S. counterpart on Tuesday, adding to the previous day’s rally as oil prices rose and domestic data showed faster-than-expected economic growth. Canada’s economy […]

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Japan economy minister Nishimura says economy recovery at half-way point

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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India’s budget aiming to revive economy despite limited fiscal headroom

© Reuters. FILE PHOTO: India’s Finance Minister Nirmala Sitharaman holds budget papers as she leaves her office to present the federal budget in the parliament in New Delhi By Manoj Kumar NEW DELHI(Reuters) – India’s finance minister is likely to announce measures including a hike in infrastructure spending and tax cuts to boost the pandemic-hit […]

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