Biden and Xi clash over Taiwan in Bali but Cold War fears are lukewarm

Biden and Xi met for 3 hours before the G-20 Both leaders stress the need to put relations back on track Indonesia seeks partnerships on global economy at G20 Ukrainian President Zelensky to address the G20 on Tuesday NUSA DUA, Indonesia, Nov. 14 (Reuters) – U.S. President Joe Biden and Chinese President Xi Jinping held … Read more

US consumer spending rebounded, but high inflation slowed demand

Consumer spending rose 0.4% in August Personal income rose 0.3%; The savings rate is fixed at 3.5% Core PCE price index jumps 0.6%; 4.9% year-over-year increase WASHINGTON (Reuters) – U.S. consumer spending increased more-than-expected in August, but stubbornly high inflation is dampening demand, which could limit an expected rebound in economic growth this quarter. The … Read more

Wall Street fell due to growing economic growth concerns

The S&P 500 Index is back to its lowest level in nearly two years Airlines and cruises canceled due to Hurricane Ian CarMax slips by missing second-quarter forecast Indices down: Dow 1.54%, S&P 2.15%, Nasdaq 3.05% (Reuters) – Wall Street fell on Thursday, on fears of a global economic slowdown from aggressive central bank policy … Read more

Britain is pushing investors to flee with historic tax and borrowing cuts

Kwarteng cuts top income tax rate in a rush of growth Huge increase in planned British government bond issuance Thrombosis suffers its biggest recession in decades The pound fell 3% to a 37-year low against the dollar LONDON (Reuters) – Britain’s new chancellor Kwasi Quarting unleashed historic tax cuts and massive borrowing increases on Friday … Read more

Reserve Bank of India raises interest rates again, a slim majority of economists expect a 50 basis point increase according to a Reuters poll

A picture of the logo of the Reserve Bank of India (RBI) at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo Register now to get free unlimited access to Reuters.com Register BENGALURU (Reuters) – The Reserve Bank of India is set to raise interest rates again next week, … Read more

The Fed decided to raise the interest rate by 75 basis points; Axial early unlikely

A woman holds US dollar bills in this illustration taken on May 30, 2022. REUTERS/Dado Rovich/Illustration Register now to get free unlimited access to Reuters.com Register BENGALURU (Reuters) – The Federal Reserve will raise interest rates by 75 basis points next week and is likely to keep the rate on hold for an extended period … Read more