Economy News

Global Finance & Economic Policies

Track global economic trends, policy decisions, financial markets, and international trade developments that shape the world economy.

Exxon Mobil to cut nearly 400 jobs in Texas, filing says By Reuters

DENVER (Reuters) -Exxon Mobil will decrease virtually 400 jobs in Texas following its aquire of shale producer Pioneer Pure Assets (NYSE:), based mostly totally on a regulatory submitting. The company...

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Geopolitics overshadow COP29 talks on climate cash, as Argentina walks away By Reuters

By Kate Abnett, Olesya Astakhova and Virginia Furness BAKU (Reuters) -Countries at the COP29 summit tried to manufacture progress on develop as a lot as $1 trillion in local weather finance for the wo...

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Wholesale prices rose 0.2% in October, in line with expectations

Customers shop at a Costco Wholesale store in Miami on Dec. 15, 2023. Joe Raedle | Getty Photos Files | Getty Photos Wholesale prices nudged increased in October, though largely in accordance with exp...

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Fed’s Kugler says Fed has made good progress on achieving mandates By Reuters

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve governor Adriana Kugler acknowledged Thursday the central financial institution has made appreciable development in working to accomplish its jo...

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Sotheby’s settles New York tax fraud case, pays damages By Reuters

By Jonathan Stempel NEW YORK (Reuters) -Sotheby’s can pay $6.25 million and undertake reforms to make a decision Contemporary York Attorney Overall Letitia James’ lawsuit accusing the famed public sal...

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Euro zone industrial production falls more than expected in Sept By Reuters

FRANKFURT (Reuters) – Euro zone industrial production fell extra than expected in September with Germany struggling basically the most attention-grabbing tumble among the bloc’s most attention-grabbin...

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Climate talks urged to find $1 trillion a year for poorer countries By Reuters

By Kate Abnett, Olesya Astakhova and Virginia Furness BAKU (Reuters) – Pay now to abet poorer international locations deal with native climate change or pay extra later, negotiators have been warned o...

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ECB to cut interest rates further as prices converge towards goal, De Guindos says By Reuters

MADRID (Reuters) – The European Central Monetary institution is on its direction to lower hobby rates additional as recent euro zone records instruct inflation will not be astray to reach the bank’s 2...

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Cross-border challenges widen wealth gap between Europe and US, IMF study finds By Reuters

By Jan Strupczewski BRUSSELS (Reuters) – Abominable border challenges are widening the outlet between the output of Europeans and American citizens, who were inspiring ahead since the Nineties, a expl...

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BOJ should raise rates to 1% to reverse weak yen, says opposition lawmaker By Reuters

By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Monetary institution of Japan would maybe perhaps silent elevate pastime rates no lower than to 1% to roll merit an “abnormally” astronomical st...

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Asia shares stumble; long-end US bond yields rise with dollar By Reuters

By Rae Wee SINGAPORE (Reuters) -Asian shares fell broadly on Thursday, while longer-dated U.S. bond yields rose alongside the greenback as investors assessed the monetary policy and inflation outlook ...

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BOJ calls for vigilance to presence of non-bank financial institutions By Reuters

TOKYO (Reuters) – The rising presence of non-financial institution financial institutions (NBFI) warrants consideration, as some reports display they account for practically half of of enterprise inte...

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