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Economy

Economy

China’s GDP to hit government’s target for 2024: President Xi

Investing.com — China’s economy is on track to expand by about 5% in 2024, President Xi Jinping said, signaling the country is…
Economy

AI boom, Fed rate cuts lift U.S. stocks to new highs in 2024

(Reuters) – U.S. stocks index futures edged higher in the last trading session of 2024, continuing its bull run from more than…
Economy

Indonesia’s president says VAT hike to apply only on luxury goods

JAKARTA (Reuters) – Indonesia’s President Prabowo Subianto on Tuesday said a planned increase in value-added tax (VAT) rate by one percentage point…
Economy

Chinese manufacturing, Bitcoin’s monthly fall, Gold gains – what’s moving markets

Investing.com — Wall Street is seen trading slightly lower Tuesday, the last trading day of what has been a positive year on…
Economy

Turkey’s fuel, tobacco tax moves will not harm inflation goal, Simsek says

ISTANBUL (Reuters) – Turkey’s tax hikes for fuel and tobacco next year will be set in a way that will not endanger…
Economy

European stocks slip as bond yields stay high

(Reuters) – European stocks edged lower on Monday as elevated government bond yields prompted investors to pull out of equities at the…
Economy

Analysis-Lula’s embrace of new Brazil central banker has markets wary

By Marcela Ayres BRASILIA (Reuters) – After months of rancor, ties between President Luiz Inacio Lula da Silva and Brazil’s central bank…
Economy

Pakistan’s economy grows 0.92% in Q1 of ongoing fiscal year

KARACHI (Reuters) – Pakistan’s economy grew by 0.92% in the first quarter of the fiscal year 2024-25, despite a contraction in the…
Economy

Wall St futures slip on elevated Treasury yields

(Reuters) – U.S. stock index futures slipped in light trading volumes on Monday as elevated Treasury yields threatened to pressure a historically…
Economy

Why Fed Chair Jerome Powell is walking an old tightrope into 2025

Investing.com — Federal Reserve Chair Jerome Powell is navigating familiar territory as he heads into 2025, aiming to balance the central bank’s…
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