Japan tightens sanctions against Russia after deadly missile strikes in Ukraine

Japan tightens sanctions against Russia after deadly missile strikes in Ukraine

TOKYO, Jan 27 (Reuters) – Japan on Friday tightened sanctions against Russia following its latest wave of missile attacks in Ukraine, adding goods to an export ban list and freezing the assets of Russian officials and entities. The decision comes after Russia launched missile attacks in Ukraine, killing at least 11 people on Thursday, following … Read more

Explanation: Why is Turkey blocking Sweden and Finland from joining NATO?

Explanation: Why is Turkey blocking Sweden and Finland from joining NATO?

STOCKHOLM, Jan 25 (Reuters) – Swedish and Finnish hopes of early NATO membership have hit a snag in the form of objections from Turkey, which holds a veto over membership. military alliance. The three nations reached an agreement on how to proceed in Madrid last June, but Turkish President Tayyip Erdogan has said Sweden, in … Read more

Strong US economic growth expected in the fourth quarter, darkening outlook

Strong US economic growth expected in the fourth quarter, darkening outlook

GDP is expected to increase by 2.6% in the fourth quarter Strong consumer spending observed; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON, Jan 26 (Reuters) – The U.S. economy likely maintained a healthy pace of growth in the fourth quarter as consumers increased their spending on goods, but momentum appears … Read more

China proposes Sri Lanka debt moratorium, IMF aid still uncertain

China proposes Sri Lanka debt moratorium, IMF aid still uncertain

China offers debt service relief in 2022, 2023 Sri Lankan sources unsure if China’s letter will be enough for IMF Broad IMF-China deal on Zambia could provide clues NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year debt moratorium and said it would support the country’s efforts … Read more

UK’s National Grid will pay people to use less energy during the cold snap

UK’s National Grid will pay people to use less energy during the cold snap

LONDON, Jan 23 (Reuters) – Britain’s National Grid (NG.L) said it would pay customers to use less electricity on Monday night and had asked for three coal-fired generators to be warmed up in case they are needed. the country is facing a cold snap. The group said it would activate a new program called Demand … Read more

Bank of Japan policy change sparked rare government demand for pause

Bank of Japan policy change sparked rare government demand for pause

TOKYO, Jan 23 (Reuters) – Government officials who attended the Bank of Japan’s policy meeting in December were granted a half-hour adjournment to contact their ministries, minutes show, pointing out the importance of the central bank’s decision to change its bond market peg. At the December 19-20 meeting, the BOJ maintained its ultra-loose monetary policy … Read more

Brazil and Argentina will discuss a common currency

Japan tightens sanctions against Russia after deadly missile strikes in Ukraine

BUENOS AIRES, Jan 22 (Reuters) – Brazil and Argentina are aiming for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentinian leader Alberto Fernandez said in a joint article they wrote. “We intend to overcome the barriers to our exchanges, simplify and modernize the rules … Read more

US home sales fall to 12-year low; glimmers of hope are emerging

US home sales fall to 12-year low;  glimmers of hope are emerging

Existing home sales fall 1.5% in December Sales fall 17.8% in 2022, the biggest annual drop since 2008 Median home price rises 2.3% from a year ago WASHINGTON, Jan 20 (Reuters) – U.S. existing home sales fell to their lowest level in 12 years in December, but falling mortgage rates prompted cautious optimism that the … Read more

The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

BENGALURU, Jan 20 (Reuters) – The U.S. Federal Reserve will end its tightening cycle after hiking 25 basis points at each of its next two policy meetings, then likely keep interest rates stable for at least the next rest of the year, according to most economists in a Reuters poll. Fed officials generally agree that … Read more

Amazon to lay off staff in US, Canada and Costa Rica by end of day

Amazon to lay off staff in US, Canada and Costa Rica by end of day

Jan 18 (Reuters) – Amazon.com Inc will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, a said the e-commerce giant. in a note to staff seen by Reuters. The layoffs are the latest in the U.S. tech … Read more