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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Dollar on back foot as U.S. yields drop despite strengthening U.S. recovery

© Reuters. A man counts U.S. dollar banknotes at a currency exchange shop in Beirut By Kevin Buckland TOKYO (Reuters) – The dollar stabilised near an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with a retreat in Treasury yields from recent peaks despite signs of a robust U.S. […]

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Dollar Falls as U.S. Yields Slip, but Bearish Bets Easing Amid Recovery

© Reuters. By Yasin Ebrahim Investing.com – The dollar fell sharply against its rivals Monday, paced by declining U.S. bond yields, but the pullback could be short-lived as the expected rise in rates has forced some on Wall Street to ease their bearish bets on the greenback. The , which measures the greenback against a […]

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Dollar gains as U.S. recovery bets stoke Treasury yields

2/2 © Reuters. Illustration photo of Japan Yen and U.S. Dollar notes 2/2 By Iain Withers LONDON (Reuters) – The dollar gained against major currencies on Tuesday and climbed to a one-year high against the yen, as accelerating U.S. vaccinations and plans for a major stimulus package stoked inflation expectations and raised Treasury yields. The […]

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IMF sees signs of stronger global recovery, but significant risks remain

© Reuters. FILE PHOTO: The IMF logo is seen outside the headquarters building in Washington By Andrea Shalal WASHINGTON (Reuters) – The No. 2 official at the International Monetary Fund on Saturday pointed to emerging signs of a stronger global economic recovery, but warned that significant risks remained, including the emergence of mutations of the […]

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Oil’s decline continues as inventories rise, demand recovery clouded

© Reuters. Illustration photo of crude oil being dispensed into a bottle TOKYO (Reuters) – Oil prices declined for a fifth consecutive session on Thursday falling around 1% after official data showed a further increase in and fuel inventories, while the ever-present pandemic clouded the prospects for a demand recovery. was down 74 cents, or […]

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Ad man Sorrell eyes roaring recovery, more deals

© Reuters. LONDON (Reuters) – Martin Sorrell, the world’s most famous advertising executive, expects global economies to roar back to life as they recover from the pandemic over the next two years, but is worried about what comes after that.     “The drum beat in our daily meetings is getting louder and louder and louder, […]

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Germany’s AstraZeneca move could stymie recovery, economists say

2/2 © Reuters. Shops affected by the COVID-19 lockdown in the western German city of Essen 2/2 By Michael Nienaber and Rene Wagner BERLIN (Reuters) – Germany’s decision to suspend AstraZeneca (NASDAQ:)’s COVID-19 vaccine could delay progress in reaching herd immunity and postpone a much-hoped for easing of lockdown measures needed for a robust recovery […]

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Slow Gulf economic recovery to have long-lasting impact on banks – S&P

© Reuters. FILE PHOTO: A man walks at the Dubai International Financial Centre in Dubai DUBAI (Reuters) – Economic recovery from the coronavirus crisis in the oil-rich Gulf region will be slow, weighing on the region’s banking sector, S&P Global (NYSE:) Ratings said. Gulf countries fell into a sharp recession last year as the COVID-19 […]

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