)FIN

US pending home sales rise for third straight month; loan demand increases

US pending home sales rise for third straight month; loan demand increases

Leave a Comment / Economy / By

WASHINGTON, March 29 (Reuters) – Contracts to buy U.S. previously owned homes rose for a third straight month in February, boosting cautious optimism that the housing market crisis may be bottoming out. The National Association of Realtors (NAR) said Wednesday that its Pending Home Sales Index, based on signed contracts, rose 0.8% last month to …

US pending home sales rise for third straight month; loan demand increases Read More »

Bankuro means that the fear of the recession is creeping back

Bankuro means that the fear of the recession is creeping back

Leave a Comment / Economy / By

March 29 (Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s bailout, and the resulting turmoil in world markets have reignited recession risks that appeared to have subsided just a few weeks ago . Traders are now betting that the Federal Reserve is virtually done raising …

Bankuro means that the fear of the recession is creeping back Read More »

Canada increases investments in clean tech in the budget to compete with the United States

Canada increases investments in clean tech in the budget to compete with the United States

Leave a Comment / Economy / By

OTTAWA, March 28 (Reuters) – Canada sought to close competitive gaps with the United States on Tuesday with a budget aimed at attracting investment in the low-carbon economy, including tax incentives for electric vehicle (EV) makers and expanding the electricity grid. The 2023-2024 fiscal policy document delivered to the House of Commons also has a …

Canada increases investments in clean tech in the budget to compete with the United States Read More »

In 2035, the EU countries approve the phasing out of cars that emit CO2

In 2035, the EU countries approve the phasing out of cars that emit CO2

Leave a Comment / Business / By

BRUSSELS, March 28 (Reuters) – European Union countries on Tuesday gave final approval to a landmark law to stop sales of new CO2-emitting cars by 2035, after Germany won an exemption for cars that run on e-fuel. The approval from EU energy ministers means Europe’s most important climate policy for cars can now come into …

In 2035, the EU countries approve the phasing out of cars that emit CO2 Read More »

Gold eases as banking sector unwinding slows safe-haven flows

Gold eases as banking sector unwinding slows safe-haven flows

Leave a Comment / Economy / By

Gold may break the resistance at $2,070 in H2 – technical The US dollar fell 0.2 per cent. Global stocks rise on Tuesday March 28 (Reuters) – Gold fell on Tuesday as risk appetite improved after efforts by regulators to quell fears about the global banking system slowed safe-haven inflows into bullion. Spot gold was …

Gold eases as banking sector unwinding slows safe-haven flows Read More »

Stocks rise, dollar falls as banking fears ease

Stocks rise, dollar falls as banking fears ease

Leave a Comment / Business / By

HONG KONG, March 28 (Reuters) – Global shares rose and the dollar softened on Tuesday as a deal backed by U.S. regulator First Citizens BancShares to buy failed Silicon Valley Bank soothed broader concerns about problems in the sector. MSCI’s broadest index of Asia-Pacific shares outside Japan ( .MIAPJ0000PUS ) rose 0.6% in early afternoon …

Stocks rise, dollar falls as banking fears ease Read More »

World Bank warns of 'lost decade' in global growth without bold policy shifts

World Bank warns of ‘lost decade’ in global growth without bold policy shifts

Leave a Comment / Economy / By

New financial crisis may lead to “sharper” slowdown Increasing investment, reducing trade costs can reverse the trend An increased labor force participation would increase the growth rate WASHINGTON, March 27 (Reuters) – Average potential global economic growth will fall to a three-decade low of 2.2% a year through 2030, heralding a “lost decade” for the …

World Bank warns of ‘lost decade’ in global growth without bold policy shifts Read More »

Biggest strike in decades brings Germany to a standstill

Biggest strike in decades brings Germany to a standstill

Leave a Comment / Economy / By

BERLIN/FRANKFURT, March 27 (Reuters) – Airports and bus and train stations across Germany came to a standstill on Monday morning, causing disruption for millions at the start of the working week in one of the biggest walkouts in decades as Europe’s largest economy reeling from inflation. The 24-hour strikes, called by the Verdi union and …

Biggest strike in decades brings Germany to a standstill Read More »

In inflation-stricken Germany, massive strike over wages to paralyze transport

In inflation-stricken Germany, massive strike over wages to paralyze transport

Leave a Comment / Economy / By

BERLIN/FRANKFURT, March 27 (Reuters) – A massive strike in Germany was due to begin early on Monday, paralyzing mass transit and airports in one of the biggest work stoppages in decades, as Europe’s biggest economy reels from rising inflation. In the hours leading up to the strike, both sides dug in, with union bosses warning …

In inflation-stricken Germany, massive strike over wages to paralyze transport Read More »

Scroll to Top