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Economic News
Fed’s Barkin says “comfortable doing more” if inflation does not fall
By Howard SchneiderWASHINGTON (Reuters) - Richmond Federal Reserve president Thomas Barkin said Friday he is comfortable with further…
US producer prices fall more than expected in May on energy costs
WASHINGTON (Reuters) - U.S. producer prices fell more than expected in May and the annual increase in producer inflation was the smallest in…
Pakistan targets deficit of 6.54% in fiscal year from July
By Asif Shahzad and Gibran Naiyyar PeshimamISLAMABAD (Reuters) -Pakistan's government will target a budget deficit of 6.54% of economic…
Global equity funds suffer seventh straight week of outflows
(Reuters) - Global equity funds saw a seventh straight week of outflows in the seven days to May 31 on global economic slowdown concerns…
Toyota says some customers in Asia, Oceania face risk of data leak
By Daniel LeussinkTOKYO (Reuters) -Toyota Motor Corp said on Wednesday that information on customers in some countries in Oceana and…
U.S. debt ceiling deal to face its first test in Congress
By Moira Warburton and Andy SullivanWASHINGTON (Reuters) - A bipartisan deal to raise the $31.4 trillion U.S. debt ceiling faces its…
UK retail sales fall in May after April rise, outlook less gloomy: CBI
LONDON (Reuters) - British retail sales declined this month after a modest rise in April but stores expect sales volumes to stabilise in…
Fed’s Bowman backs ‘targeted’ bank rules reform but not ‘radical’…
Federal Reserve Governor Michelle Bowman on Friday repeated her call for the U.S. central bank to hire an outside party to analyze the…
Sri Lankan economy expected to contract by 3% in 2023: IMF official
By Uditha JayasingheCOLOMBO (Reuters) - The Sri Lankan economy is expected to contract by 3% in 2023 given the weak external…
Big U.S. firms adopt cautious tone on China recovery
(Reuters) - Several U.S. companies, including PepsiCo (NASDAQ:PEP), Qualcomm (NASDAQ:QCOM) and Cummins (NYSE:CMI), struck a cautious note on…