Page 104 - Bon News Today

(Bloomberg) -- The euro-area economy kicked off 2022 on a weak footing, with pandemic restrictions taking a toll on confidence and growing fears that Germany may be on the brink of a recession for the second time since the crisis began.

(Bloomberg) -- Almost exactly a year after China’s property-market debt squeeze sparked the first in a wave of defaults by developers, the industry is fighting for survival.

(Bloomberg Opinion) -- “That woman from Michigan” is the T-shirt worn by the 49th governor of the 10th-largest U.S. state after President Donald Trump berated her for ordering some indoor business services closed in 2020.

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast The European Central Bank should wind down net bond-buying in the summer, while giving itself more flexibility on the timetable for any subsequent interest-rate increase, according to G

(Bloomberg Markets) -- In the hinterland of Argentina, Mario Pizarro’s office looks like a shrine to China. There’s the framed photo of a Chinese peasant with Pizarro’s face superimposed beneath the conical farmer hat. There’s the blue-robed smiling Buddha statue.

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(Bloomberg) -- Each morning Ng Kok Song meditates for 25 minutes to clear his mind. Later he may tend to his garden or even take a nap. But far from enjoying a quiet retirement, the 74-year-old has built one of Singapore’s fastest-growing investment firms with plans to make it a global player.

(Bloomberg) -- Namibia raised its key interest rate for the first time in six years, safeguarding its currency peg with South Africa’s rand.  The monetary policy committee lifted the rate by 25 basis points to 4%, Governor Johannes !Gawaxab told reporters Wednesday in the capital, Windhoek.

(Bloomberg) -- More European Central Bank officials are conceding that interest rates will likely need to rise late this year in the face of a stronger inflation outlook.

(Bloomberg Opinion) -- When the going gets tough in the U.S., the tough go shopping. The Commerce Department said Wednesday that retail sales surged 3.8% in January, the most in 10 months and well above the 2% median estimate of economists surveyed by Bloomberg.