Economy

By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s economy ministry proposed on Monday that savings in private pension accounts can be used tax-free for housing purposes as a one-off measure next year…

By Simon Johnson, Mark John STOCKHOLM (Reuters) -Three U.S.-based academics won the 2024 Nobel economics prize on Monday for their research into why global inequality persists, especially in countries dogged…

PARIS (Reuters) -The EU’s planned tariffs on Chinese-made EVs will lead to higher prices and deter buyers, Chinese EV giant BYD (SZ:002594) warned on Monday, adding the tariffs proposed for…

By Rahul Trivedi BENGALURU (Reuters) – Bank Indonesia (BI) will leave interest rates unchanged on Wednesday despite inflation falling to its lowest level since 2021, as receding expectations of aggressive…

By Mark John and Philip Blenkinsop (Reuters) – For Europe’s economy, the Nov. 5 U.S. election offers a “least bad” outcome of a challenging Kamala Harris presidency or a second…

By David Kirton and Nicoco Chan SHENZHEN, China (Reuters) – Chinese finance industry professional Zhang Jing made enough money from a recent stock market rally to consider hopping on the…

LONDON (Reuters) – A second Donald Trump presidency could lead to significantly lower economic growth in several Asian economies, with China, South Korea and Vietnam particularly affected, ratings agency Fitch…

Investing.com — US stock futures were muted on Monday after the S&P 500 and Dow Jones Industrial Average notched fresh record closes in the prior session thanks in large part…

BERLIN (Reuters) – Current economic indicators point to continued weakness in the German economy in the past quarter, the economy ministry said in its monthly report on Monday. “The weak…

By Anant Chandak BENGALURU (Reuters) – The Philippine central bank will cut its key policy rate by 25 basis points both in October and December to support economic growth as…