Author: user (UserName LastName)

The Japanese yen slid 1 percent against the dollar on 19 April to 0.007 cents, extending its losses  for a 13th consecutive day, its longest losing streak against the buck since Bloomberg started comparing the two currencies in 1971. The yen has since stabilized but not recovered any significant value. The yen slipped on 19...

Germany’s producer prices—the prices factories charge for their products—rose 30.9 percent in March compared to a year earlier, according to the Federal Statistics Office, the fastest rise ever recorded since the country began keeping records in 1949, the Financial Times said. “The extent and breadth of the rise suggests that German inflation will remain very...

A range of indicators in China, Japan, South Korea, and Taiwan show the region’s economic activity being dragged down by China’s COVID lockdowns, inflation in Europe, and the Ukraine war and its sanctions, The Wall Street Journal reported. China’s imports declined for the first time in two years and exports fell 6 percent in March...

About one in four emerging nations that owe debt payments in hard currencies such as dollars or euros now see their bonds categorized as “distressed,” according to the International Monetary Fund (IMF). “Distressed” means that the bonds’ yields are at least ten percentage points above the yields of U.S. treasury securities. When interest rates were...

To cope with the global economic crisis sparked by Russia’s war in Ukraine and resulting sanctions, the World Bank is putting together an aid fund larger than the one it assembled to deal with COVID’s worldwide infestation. The bank is contemplating a $170-billion package that would be disbursed over 15 months. The program would begin...

Although China’s first-quarter economic growth of 4.4 percent this year matched the previous quarter’s expansion, most of that growth took place in January and February. In March, the shutdowns began. As Omicron cases began appearing, China slammed shut city after city, including tech hub Shenzhen and Shanghai, the country’s most populous city and home to...

The International Monetary Fund (IMF) has again cut its outlook for China’s economic expansion this year as part of its semi-annual Global Economic Outlook report. China’s economy will expand by 4.4 percent this year, the IMF now says.  Last October, the IMF had predicted 5.6 percent growth for China in 2022, then scaled back its...

The International Monetary Fund (IMF) has scaled back its outlook for the world’s economic expansion this year, whittling its 4.4-percent January forecast to 3.6 percent now amid rising interest rates, unchecked inflation, Russia’s relentless war in Ukraine, and Western sanctions. Last October, the IMF had foreseen global growth in 2022 to be 4.9 percent. The...