KHARTOUM, Sudan — Friday night by the Nile, and a love song wafted on the warm breeze that blew across Tuti Island, a crescent of land at the confluence of the river’s two great branches. Hundreds of people had gathered on the beach for iftar, the sunset meal that breaks the daily fast during the […]

LONDON (Reuters) – The Bank of England looks set to take its first steps next week towards selling some of the 875 billion pounds ($1.11 trillion) of government bonds it amassed between 2009 and 2021, leading markets into uncharted territory.FILE PHOTO: FILE PHOTO: The Bank of England (BoE) building is reflected in a sign, after […]

JAKARTA (Reuters) – Indonesia’s central bank may hike its reserve requirement ratio (RRR) further if inflation starts to pick up, while the option to raise interest rates will be its last resort, its senior deputy governor said in a seminar on Friday.FILE PHOTO: FILE PHOTO: Logo of Indonesia’s central bank, Bank Indonesia, as seen in […]

LONDON (Reuters) -Britain’s consumers increased visits to retailers and leisure providers in the run-up to the Easter holiday weekend and bookings at restaurants were their strongest in seven months, according to data published by the country’s statistics agency.FILE PHOTO: A shopper carries a basket in a supermarket in London, Britain April 11, 2017. REUTERS/Neil HallVisits […]

WASHINGTON (Reuters) – Russia’s economy will not recover anytime soon from sweeping sanctions imposed by Western nations over its war in Ukraine, and could see further damage if those sanctions are expanded to hit energy exports, the new chief economist of the International Monetary Fund said Tuesday.FILE PHOTO: A participant stands near a logo of […]

LONDON (Reuters) – Thursday’s European Central Bank meeting could mark another tense moment for policymakers caught between record high inflation and the economic hit from the war in Ukraine.FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph OrlowskiAs some of the most dovish major central banks change tune to […]

Slideshow ( 2 images )TOKYO (Reuters) – The proportion of Japanese households expecting prices to rise a year from now has hit a 14-year high, a central bank survey showed on Thursday, as inflationary pressures from rising raw material costs grew. The quarterly survey also showed more households felt worse off than three months ago […]

FILE PHOTO: A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf HussainMUMBAI (Reuters) – India’s macroeconomic fundamentals remain strong but the unfolding global developments pose downside risks in terms of spillover, the Reserve Bank of India said in its monthly bulletin […]

FILE PHOTO: A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas WhiteTOKYO (Reuters) – Japan is considering compiling a fresh economic stimulus package centred on easing the pain from high energy costs, which are expected to persist given the conflict in Ukraine, Kyodo news agency reported on Wednesday. The […]

FILE PHOTO: A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas WhiteTOKYO (Reuters) – Japan is considering compiling a fresh economic stimulus package centred on easing the pain from high energy costs, which are expected to persist given the conflict in Ukraine, Kyodo news agency reported on Wednesday. The […]