The European Central Bank left policy unchanged as expected on Thursday, keeping copious stimulus flowing even as it predicted a firm rebound in the euro zone economy in the coming months as pandemic restrictions are lifted. The ECB is keeping borrowing costs pinned near record lows via massive bond purchases to see the 19country currency […]

LONDON, April 22 Reuters British manufacturers expectations of a rebound from the economic slump caused by the COVID pandemic rose to their highest in almost 50 years this month, the Confederation of British Industry said on Thursday. The CBI said its quarterly survey of manufacturers also pointed to a recovery in investment and hiring plans […]

OTTAWA, April 21 Reuters The Bank of Canada on Wednesday said it feared high housing prices could result in stretched borrowing and lending, leaving some households and financial institutions vulnerable to an economic downtown. National resales have hit record highs amid the COVID19 pandemic while inventories of existing homes are at record lows, with demand […]

OTTAWA, April 21 Reuters The Bank of Canada sharply hiked its outlook for the Canadian economy on Wednesday and said it expected slack to be absorbed in the second half of 2022, suggesting rates could rise sooner than the previous forecast of sometime in 2023. The central bank, in its spring Monetary Policy Report, also […]

Rating agency SP affirmed Japans AA1 sovereign debt ratings on Wednesday, citing its rich current account surplus and an expected gradual economic recovery from the COVID19 pandemic. The global rating agency said its outlook for Japan remains stable, reflecting prospects the worlds thirdlargest economy will achieve average nominal growth of about 1.8 over the next […]

Just as some patients recovering from Covid19 suffer longlasting symptoms, its becoming clear that the same will be true for the global economy once this years Vshaped rebound fades. While 26 trillion worth of crisis support and the arrival of vaccines have fueled a faster recovery than many anticipated, the legacies of stunted education, the […]

The U.S. economys comeback is firing on all cylinders with employment, retail spending and manufacturing exhibiting strong gains. Thursdays barrage of economic data showed that some parts of the economy, like retail sales, have returned to or exceeded prepandemic levels. Applications for unemployment benefits, while still elevated, hit the lowest in 13 months. The rebound […]

Greenhouse gas emissions regulated under Europe39;s carbon market fell by 13.3 last year, with those from the airlines sector down by almost twothirds, the European Commission said late on Thursday. Around 40 of the European Union39;s output of greenhouse gases is regulated by the Emissions Trading System ETS, the bloc39;s flagship policy for tackling global […]

Europes economy is on track to return to its precrisis levels in 2022, the International Monetary Fund said on Wednesday, though this projection depends on the regions Covid19 vaccination campaign. European countries have been forced to introduce new restrictions or toughen previous public health measures in recent weeks as Covid infections have surged. This led […]

U.S. consumer prices rose by the most in more than 812 years in March as increased vaccinations and massive fiscal stimulus unleashed pentup demand, kicking off what most economists expect will be a brief period of higher inflation. The report from the Labor Department on Tuesday also showed a firming in underlying prices last month […]