Sri Lanka c. bank to focus on stronger crisis recovery in 2025
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will focus on stronger recovery this year after the island nation posted real GDP growth of 5% in 2024, the highest in…
Economy
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Wildfires rage in Los Angeles, forcing tens of thousands to flee
By Jorge Garcia and Mike Blake LOS ANGELES (Reuters) – A rapidly growing wildfire raged across an upscale section of Los Angeles on Tuesday, destroying numerous buildings and creating traffic…
Futures higher, Exxon Mobil flags hit to Q4 earnings – what’s moving markets
Investing.com – US stock futures inch up after a solid set of economic figures contributed to a slide in equities in the previous session. More data on Wednesday could give…
Factbox-China’s economic stimulus measures since September
BEIJING (Reuters) – China has expanded the scope of a consumer goods trade-in scheme and will give more subsidies for digital purchases this year, in an effort to revive sluggish…
Tanzania central bank holds key interest rate unchanged at 6%
DAR ES SALAAM (Reuters) – Tanzania’s central bank left its key interest rate unchanged at 6% on Wednesday, holding it steady for a third consecutive policy meeting. When it launched…
EU warns of ‘serious blow’ from Trump on climate change
By Kate Abnett and Christian Levaux BRUSSELS (Reuters) – Global efforts to address climate change will be dealt a severe blow if U.S. President-elect Donald Trump again pulls the country…
ASEAN entering 2025 with strong starting position on growth, BofA says
Investing.com– ASEAN economies are entering 2025 with a strong starting position for growth, BofA analysts said in a note, citing resilient domestic activity, improving labor markets, rising exports and recovering…
Morning Bid: Strong dollar, rising yields hog the spotlight
A look at the day ahead in European and global markets from Ankur Banerjee The dollar stood tall on Wednesday boosted by elevated Treasury yields after strong U.S. data rekindled…
Analysis-India’s Modi looks to new economic playbook as risks mount
By Shivangi Acharya and Nikunj Ohri NEW DELHI (Reuters) – After world-beating economic growth last year, India’s policymakers are scrambling to head off a sharp slowdown as worsening global conditions…
Asia dollar bond volumes seen rising 20% as China deals gather pace
By Scott Murdoch SYDNEY (Reuters) – Asian dollar bond issuance is expected to rise around 20% in 2025 over last year, driven by Chinese debt deals and as U.S. interest…