Economy

KARACHI: Pakistan's central bank has reported the country is scheduled to repay maturing foreign debt and make interest payment on the accumulated external debt totalling $30.35 billion in 12 months (August 2024 to July 2025) including those significant loans which bilateral creditors roll over every year. Citing State Bank of Pakistan's…

The world’s largest sovereign wealth fund has warned that investors face years of low returns as the surge in inflation becomes a permanent feature of the global economy.Nicolai Tangen, chief executive of Norway’s $1.3tn oil fund, told the Financial Times he was “the team leader for team permanent” in the fierce debate over whether the…

By Liangping Gao and Ryan Woo BEIJING (Reuters) -China's consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus measures quickly to revive flagging demand and shaky economic activity. Finance Minister Lan Foan told a news conference on Saturday there…

China plans to increase debt issuance to boost its economy.It announced plans for a new fiscal stimulus package on Saturday.The size of the package remains unclear.…

China unveiled stimulus measures to boost an economy blighted by a years-long property sector crisis and chronically low consumption (ADEK BERRY)China said Saturday it would issue special bonds to help its sputtering economy, signalling a spending spree to bolster banks, shore up the property market and ease local government debt as part of one…

Bank of America (BofA) analysts are warning of a collapsing U.S. labor market and a potential rise in unemployment next year. They also recommended selling a stock market rally ahead of the likely surge in job losses. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street consumer sentiment as inflation in 2022,” stated…

By Kevin Yao and Joe CashBEIJING (Reuters) -China pledged on Saturday to "significantly increase" debt to revive its sputtering economy, but left investors guessing on the overall size of the stimulus package, a vital detail to gauge the longevity of its recent stock market rally.Finance Minister Lan Foan told a press conference Beijing will…

Overview of shoppers filling the halls a New York mall. Photo: Howard Schnapp/Newsday RM via Getty ImagesA record $9.12 billion was spent online for Black Friday, with electronics driving much of the growth compared to last year, according to new Adobe Analytics data.Why it matters: These record-breaking sales happened amid rising concerns…

By Davide Barbuscia and Shankar RamakrishnanNEW YORK (Reuters) - U.S. corporate credit spreads hit fresh multi-year lows in recent days in a sign of growing investor confidence, although some market participants worry corporate debt investors may be too optimistic given economic risks ahead.The spread on the ICE BofA U.S. Corporate Index, a…

CNN  —  Inflation for US producers slowed further in September, adding to hopes that prices aren’t getting jacked up before they get to consumers. The Producer Price Index, which measures average price changes seen by producers and manufacturers, came in…