Browsing: Economy

MANILA (Reuters) – Philippine President Ferdinand Marcos Jr. has approved the extension of reduced tariffs on rice and other food items until the end-2024 to keep…

The U.S. added a surprisingly large 2.7 million new jobs in 2023 as the economy defied a widely forecasted recession, but monthly increases were exaggerated by…

LONDON (Reuters) – Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make a $33 million “coupon” payment on its…

The numbers: Initial jobless benefit claims inched lower by 1,000 to 202,000 in the week ended Jan. 6, the Labor Department said Thursday.   This is the…

By Swati Bhat MUMBAI (Reuters) -India’s current account deficit narrowed more than expected in the July-September quarter largely due to a lower merchandise trade deficit while…

Mortgage rates rose slightly in the latest week, but that didn’t deter home buyers. The 30-year fixed-rate mortgage rose and averaged 6.66% as of January 11,…

(Reuters) -U.S. retail sales rose 3.1% between Nov. 1 and Dec. 24, as shoppers looked for last-minute Christmas deals amid big promotions, a Mastercard (NYSE:) report…

The numbers: The U.S. federal budget deficit widened to $129 billion in December, up from $85 billion in the same month last year, the Treasury Department…

BRASILIA (Reuters) – Brazil will launch a program this week to encourage companies to update their machinery and acquire more modern equipment to increase productivity, Finance…

Cleveland Fed President Loretta Mester on Thursday threw cold water on market expectations of an interest rate cut as soon as March. Asked in an interview…