World Bank approves $1 billion in financing for Ethiopia
(Reuters) – The World Bank said on Tuesday its board had approved a $1 billion credit for Ethiopia, as the Horn of Africa country tries to push ahead with a…
Bank of Canada pivots to boosting economic growth, raising rate cut bets
By Promit Mukherjee and Fergal Smith OTTAWA (Reuters) – The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further…
Take Five: Cancel Summer?
LONDON (Reuters) – Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and…
Saudi Arabia’s net foreign direct investment rises 5.6% in first quarter
DUBAI (Reuters) – Net foreign direct investment (FDI) inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion) in the first quarter of 2024, government data showed on…
World Bank approves $1.25 billion loans for the Philippines
MANILA (Reuters) – The World Bank said on Saturday its board of executive directors has approved $1.25 billion in loans for the Philippines’ education and public infrastructure sectors. In a…
Cocoa climbs back above $10,000 as chocolate industry outlook worsens
By Maytaal Angel LONDON (Reuters) – World cocoa prices rose back above $10,000 a ton on Thursday, heading towards the year’s record peaks as the chocolate industry’s supply crisis worsened…
China state-owned banks sold dollars as yuan fell to near seven-month low, sources say
SHANGHAI/BEIJING (Reuters) – China’s major state-owned banks were seen selling dollars for yuan in the onshore spot foreign exchange market on Tuesday to prevent the local currency from falling too…
Explainer-What S&P’s ratings downgrade means for France
By Leigh Thomas PARIS (Reuters) – Standard & Poor’s (S&P) decision to downgrade its rating on France’s sovereign debt should in the short term deliver more political sting than pain…
ECB has significant room for rate cuts – Villeroy
PARIS (Reuters) – The European Central Bank has plenty of room for rate cuts and current market expectations for easing over the long-run are reasonable, ECB policymaker Francois Villeroy de…
ECB set scene for June rate cut at last meeting, account shows
FRANKFURT (Reuters) -Euro zone inflation remains on track to fall back to 2% next year, so European Central Bank policymakers will likely start cutting interest rates from a record high…