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Day: April 22, 2025

Emerging economies face test from tighter funding as growth slows, says IMF

Emerging economies face test from tighter funding as growth slows, says IMF

By Karin Strohecker and Rodrigo Campos WASHINGTON (Reuters) -The International Monetary Fund on Tuesday cut its 2025 growth outlook for…

April 22, 2025
Taiwan cabinet to ask parliament to unfreeze $4 billion amid budget standoff
Economy

Taiwan cabinet to ask parliament to unfreeze $4 billion amid budget standoff

TAIPEI (Reuters) -Taiwan’s cabinet said on Tuesday it will ask the opposition controlled legislature to release more than $4 billion…

April 22, 2025
Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion
Business

Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion

(Reuters) -Canada’s Barrick Gold said on Tuesday it will exit the Donlin gold Project in Alaska by selling its 50%…

April 22, 2025
China urges Japan to help fight US tariffs together, Kyodo reports
Economy

China urges Japan to help fight US tariffs together, Kyodo reports

TOKYO (Reuters) -Chinese Premier Li Qiang has sent a letter to Japanese Prime Minister Shigeru Ishiba calling for a coordinated…

April 22, 2025
Bank of America’s shareholders OK executive compensations, elect directors
Business

Bank of America’s shareholders OK executive compensations, elect directors

NEW YORK (Reuters) – Bank of America shareholders voted on Tuesday to approve pay packages for CEO Brian Moynihan and…

April 22, 2025
Elliott increases BP stake to just over 5%
Business

Elliott increases BP stake to just over 5%

LONDON (Reuters) – Activist hedge fund Elliott holds 5.006% of voting rights in BP, according to a regulatory notice published…

April 22, 2025
Citi expects higher effect of tariffs on growth in second half, puts recession odds close to 45%

Citi expects higher effect of tariffs on growth in second half, puts recession odds close to 45%

By Tatiana Bautzer NEW YORK (Reuters) -Citigroup’s Chief Economist Nathan Sheets said on Tuesday the U.S. has a 40% to…

April 22, 2025
Exclusive-‘China Track’ bank netting system shields Russia-China trade from Western eyes
General

Exclusive-‘China Track’ bank netting system shields Russia-China trade from Western eyes

MOSCOW (Reuters) -Major Russian banks have set up a netting payments system dubbed “The China Track” for transactions with China,…

April 22, 2025

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