WTO chief warns of catastrophic global growth consequences amid trade wars
Investing.com — The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, issued a stark warning against potential trade wars on Thursday. During a debate at the World Economic Forum in Davos, Okonjo-Iweala discussed the potential fallout from retaliatory trade
Indonesia plans spending cuts worth $18.84 billion, finance ministry says
JAKARTA (Reuters) – Indonesia’s President Prabowo Subianto has instructed his government to cut spending by 306.7 trillion rupiah ($18.8 billion) this year, a finance ministry spokesperson told Reuters on Thursday. Prabowo has frequently highlighted the need for efficient spending under his
UK gilts yields rise; Reeves pledges to new fiscal measures
Investing.com – The yields on UK government bonds rose Thursday after Chancellor Rachel Reeves said she was prepared to announce new measures to ensure it meets its fiscal rules in March. At 06:20 ET (11:20 GMT), the yield on benchmark 10-year
Analysis-Rate sensitivity haunts already elevated Brazil public debt
By Marcela Ayres BRASILIA (Reuters) – Investors already concerned about Brazil’s ballooning public debt load under veteran leftist President Luiz Inacio Lula da Silva are being forced to reckon with an additional risk: a government debt profile with growing sensitivity to
Futures subdued after previous session’s jump; data, earnings on tap
(Reuters) – U.S. stock index futures were subdued on Thursday, as investors paused after Wall Street’s strong performance in the previous session and awaited economic data, more corporate earnings and remarks from President Donald Trump later in the day. At 5:20