China 2024 fiscal revenue growth shrinks, non-tax income jumps
BEIJING (Reuters) -China’s fiscal revenue in 2024 grew 1.3% from a year earlier, slowing sharply from a 6.4% rise in 2023, finance ministry data showed on Friday, as a protracted property market slump and slowing domestic demand weighs on the
As Cuba-US relations sour, the island needs dollars more than ever
By Marc Frank HAVANA(Reuters) – Cash-starved Cuba this month opened the first grocery store to accept hard U.S. currency on the island in nearly two decades, the latest sign in a trend towards dollarization in the Communist-run country. The store, open just
Futures dip on Trump policy uncertainty; data, earnings awaited
(Reuters) – U.S. stock index futures dipped on Friday, as uncertainty about President Donald Trump’s trade policies prevailed, while investors also awaited data and corporate earnings reports that could throw light on the state of the economy. At 5:47 a.m. ET,
Stumbling growth and stubborn inflation: the BoE’s rate cut challenge
By William Schomberg and Sumanta Sen LONDON (Reuters) – The Bank of England must contend with a slowdown in Britain’s economy but also stubborn inflation pressures when it considers whether to cut interest rates in early February as well as its
Fed to hold rates steady at an unsteady moment
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve policymakers meeting next week are expected to keep interest rates on hold but the larger story unfolding will be how the central bank confronts early moves by President Donald Trump that are