Page 72 - Eco News Today

The European Commission has said it is a priority to conclude a long-delayed trade deal with South America's Mercosur bloc, as the EU seeks new allies to reduce its dependence on China and the United States, according to a document seen by Reuters.

President Tayyip Erdogan is considering appointing Hafize Gaye Erkan, a senior finance executive in the United States, as central bank governor as Turkey prepares for a policy pivot, two senior officials with knowledge of the matter said.

International investors have welcomed respected veteran policy maker Mehmet Simsek's return to the top of Turkey's Finance Ministry, hoping his appointment will come with a licence to steer the country away from the financial precipice.

The deal to end the United States' debt limit standoff was classic Joe Biden politics: eke out a narrow compromise from an ugly beginning and declare victory.

Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default, but does little to slow a massive buildup of total federal debt now on pace to exceed $50 trillion in a decade.

A look at the day ahead in Asian markets from Jamie McGeever.

British Prime Minister Rishi Sunak wants to cut taxes by as much as 2 pence in the pound before the next national election which is expected in 2024, the Telegraph newspaper reported.

It looks like the 'sell in May and go away' maxim won't apply this year.

U.S. House of Representatives Speaker Kevin McCarthy on Sunday lauded the debt ceiling deal he negotiated with Democratic President Joe Biden, but a prominent House conservative warned that McCarthy has "credibility issues" that may prompt some Republicans to seek his ouster as the top Republican in Congress.

Walmart still expects to double the amount of gross merchandise volume it sells in foreign markets to $200 billion in five years, a top executive at the retailer said on Friday, even as the global economy remains on shaky ground.