US factory activity slumps further in December as tariffs loom
By Lucia Mutikani WASHINGTON (Reuters) - U.S. manufacturing activity contracted further in December, with a measure of factory output dropping to the lowest level in more than...
India must do more to tax its super-rich, France's Piketty says
(This Dec. 13 story has been corrected to say 'outflows', not 'overflows', in paragraph 7) By Manoj Kumar NEW DELHI (Reuters) - India should do more to tax its super-rich given...
WTO fixes date for major meeting in Cameroon in early 2026
GENEVA (Reuters) - World Trade Organization members agreed on Monday to hold the next ministerial conference in Cameroon in early 2026, the global trade watchdog said in a...
Pakistan central bank cuts key rate by 200 bps, fifth in a row
By Ariba Shahid KARACHI (Reuters) -Pakistan's central bank cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since...
UBS dissects the UK economy into 2025
- UBS looks forward to the new year from the perspective of the UK economy, having rounded up the current year. Despite many forecasts to the contrary, the country...
Fed to flag slower pace of easing, Jan rate cut no longer expected- Goldman Sachs
-- The Federal Reserve is likely to signal a slower pace of interest rate cuts in 2025 this week, Goldman Sachs said, and is unlikely to trim rates in January amid...
Britain to publish economic and fiscal forecasts on March 26
LONDON (Reuters) - Britain will publish its next set of economic and fiscal forecasts from the Office for Budget Responsibility (OBR) on March 26, finance minister Rachel Reeves...
Germany to implement provisional budget in 2025 amid elections
Germany's finance ministry has announced the adoption of a provisional budget for the onset of 2025. This decision was taken in the wake of the dissolution of Chancellor Olaf...
Moody's lowers France's credit rating to Aa3
Moody's (NYSE:MCO) Investors Service has reduced France's credit rating to Aa3 with a stable outlook from the previous Aa2 with a negative outlook. This unexpected downgrade...
Fed sees a glimmer that recent US productivity gains may last
By Howard Schneider WASHINGTON (Reuters) - Dreanda Cordero reentered the job market this year after a five-year break to raise three children, landing a data entry position she...