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Tag: ECI

U.S. Treasury posts sharply higher 8 billion June deficit

U.S. Treasury posts sharply higher $228 billion June deficit

July 13, 2023July 13, 2023 · World News

WASHINGTON, July 13 (Reuters) – The U.S. government posted a $228 billion budget deficit for June, up 156% from a year earlier as revenues continued to weaken and…

Read more U.S. Treasury posts sharply higher $228 billion June deficit
Chip wars: How ‘chiplets’ are emerging as a core part of China’s tech strategy

Chip wars: How ‘chiplets’ are emerging as a core part of China’s tech strategy

July 13, 2023July 15, 2023 · World News

July 13 (Reuters) – The sale of struggling Silicon Valley startup zGlue’s patents in 2021 was unremarkable except for one detail: The technology it owned, designed to cut…

Read more Chip wars: How ‘chiplets’ are emerging as a core part of China’s tech strategy
Canada housing market upturn could delay shift to BoC rate cuts

Canada housing market upturn could delay shift to BoC rate cuts

May 14, 2023May 15, 2023 · World News

TORONTO, May 14 (Reuters) – Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the…

Read more Canada housing market upturn could delay shift to BoC rate cuts
Biden says US debt ceiling talks are moving along

Biden says US debt ceiling talks are moving along

May 14, 2023May 16, 2023 · World News

WASHINGTON, May 13 (Reuters) – President Joe Biden said on Saturday that talks with Congress on raising the U.S. government’s debt limit were moving along and more will…

Read more Biden says US debt ceiling talks are moving along
It’s not 2020 anymore. Biden’s re-election campaign faces new challenges

It’s not 2020 anymore. Biden’s re-election campaign faces new challenges

April 24, 2023April 26, 2023 · World News

WASHINGTON, April 23 (Reuters) – It won’t be a campaign from the basement this time. As U.S. President Joe Biden gears up for a bruising re-election battle, the…

Read more It’s not 2020 anymore. Biden’s re-election campaign faces new challenges
Exclusive: India’s Bank of Baroda stops clearing payment for above-cap Russian oil – sources

Exclusive: India’s Bank of Baroda stops clearing payment for above-cap Russian oil – sources

April 4, 2023April 4, 2023 · World News

NEW DELHI, April 4 (Reuters) – India’s Bank of Baroda (BOB.NS) has stopped clearing payments for Russian oil sold above the price cap set by the West from…

Read more Exclusive: India’s Bank of Baroda stops clearing payment for above-cap Russian oil – sources
Saudi Arabia could invest in Iran ‘very quickly’ after agreement – minister

Saudi Arabia could invest in Iran ‘very quickly’ after agreement – minister

March 15, 2023March 16, 2023 · World News

RIYADH, March 15 (Reuters) – Saudi Arabia’s Finance Minister Mohammed Al-Jadaan said on Wednesday that Saudi investments into Iran could happen “very quickly” following an agreement to restore…

Read more Saudi Arabia could invest in Iran ‘very quickly’ after agreement – minister
China sets modest growth target of about 5% as parliament opens

China sets modest growth target of about 5% as parliament opens

March 5, 2023March 6, 2023 · World News

GDP target around 5% at low end of expectations Work report focuses on consumption, jobs Defence spending to rise 7.2%, up from 7.1% rise Budget deficit target at…

Read more China sets modest growth target of about 5% as parliament opens
Canada’s deep yield curve inversion adds to BoC rate hike dilemma

Canada’s deep yield curve inversion adds to BoC rate hike dilemma

December 4, 2022December 5, 2022 · World News

TORONTO, Dec 4 (Reuters) – As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought…

Read more Canada’s deep yield curve inversion adds to BoC rate hike dilemma
Consumer inflation in Japan’s capital rises at fastest pace in 40 years

Consumer inflation in Japan’s capital rises at fastest pace in 40 years

November 24, 2022November 25, 2022 · World News

Tokyo Nov core CPI up 3.6% vs f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for 6th straight month Data underscores broadening inflationary pressure TOKYO, Nov 25…

Read more Consumer inflation in Japan’s capital rises at fastest pace in 40 years
Ghana plans to buy oil with gold instead of U.S. dollars

Ghana plans to buy oil with gold instead of U.S. dollars

November 24, 2022November 27, 2022 · World News

ACCRA, Nov 24 (Reuters) – Ghana’s government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said…

Read more Ghana plans to buy oil with gold instead of U.S. dollars
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