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Economic News
FTSE Russell proposes Xiaomi index re-inclusion after court suspends U.S. ban
SHANGHAI (Reuters) - FTSE Russell has proposed that Xiaomi (OTC:XIACF) Corp should be eligible for re-inclusion in FTSE Russell indexes…
U.S. weekly jobless claims rise moderately; labor market regaining footing
By Lucia MutikaniWASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, likely…
UK jobless rate rises to highest since 2016
LONDON (Reuters) - Britain's unemployment rate rose to 5.0%, its highest since 2016, as the coronavirus pandemic continued to take its toll…
ECB to delve into what ‘favourable financing’ means as questions mount: sources
FRANKFURT (Reuters) - European Central Bank policymakers are set to delve deeper at their next meeting into how they measure borrowing costs…
Bank of Japan revises up next year’s growth forecast, holds fire on policy
TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Thursday and revised up its economic forecast for next fiscal year,…
Exclusive: India’s budget seen raising import duties by 5%-10% on dozens of items, sources say
By Aftab Ahmed and Manoj KumarNEW DELHI (Reuters) - India is considering hiking import duties by 5%-10% on more than 50 items including…
BOJ will mull cutting this year’s growth forecast: Nikkei
By Leika KiharaTOKYO (Reuters) - The Bank of Japan will consider cutting its economic forecast for the current fiscal year ending in…
KKR closes its first Asia Pacific infrastructure fund at $3.9 billion
HONG KONG (Reuters) - U.S.-based investment powerhouse KKR & Co (NYSE:KKR) said Monday it has closed a fund targeting…
Biden to nominate Rhode Island governor for Commerce, Boston mayor for Labor
By Andrea Shalal and David LawderWASHINGTON (Reuters) - President-elect Joe Biden will nominate Rhode Island Governor Gina Raimondo as…
EU ambassadors approve provisional application of Brexit trade deal
BRUSSELS (Reuters) - Ambassadors of European Union governments in Brussels approved on Monday the provisional application from Jan 1, 2021…