Argentina’s economy minister, architect of IMF deal, resigns as government crisis deepens

Argentine Economy Minister Martin Guzman poses for a photo before an interview with Reuters at the Economy Ministry, in Buenos Aires, Argentina, December 10, 2020. REUTERS/Agustin Markarian Register now to get free unlimited access to Reuters.com Register BUENOS AIRES (Reuters) – Argentina’s Economy Minister Martin Guzman, the architect of a recent major debt deal with … Read more

US meets with refineries on high pump prices; No plan yet – sources

US Energy Secretary Jennifer Granholm has expressed interest in a possible lifting of smog-fighting gasoline rules to combat high pump prices and backed away from a plan to ban fuel exports during a wide-ranging meeting with refiners, two industry sources said. Thursday. With tensions rising between US President Joe Biden and Big Oil, the two … Read more

Saudi Crown Prince, Erdogan meets in Turkey with full normalization on the horizon

Ankara halts Khashoggi’s trial to cement ties An official says talks are going slowly over a potential foreign exchange swap line Erdogan faces tough elections with economic tension ANKARA (Reuters) – Saudi Crown Prince Mohammed bin Salman arrived in Turkey for the first time in years on Wednesday for talks with President Recep Tayyip Erdogan … Read more

China’s oil imports from Russia may rise to a record high, overtaking Saudi Arabia’s largest oil supplier

Oil and gas tanks at an oil depot in the port of Zhuhai, China, October 22, 2018. (Reuters) / Ali Song Register now to get free unlimited access to Reuters.com Register Russia overtakes Saudi Arabia as the largest supplier after a gap of 19 months Russia imports nearly two million barrels per day in May … Read more

Analysis: Market crash exposes Europe’s divisions

Defeat markets focus on Europe’s Achilles heel The European Central Bank’s attempt to restore confidence that has been curbed by high prices Ministers deadlocked over a ten-year plan to support banks LONDON (Reuters) – A sell-off in the markets brought back memories of the euro zone debt crisis more than a decade ago, highlighting the … Read more

Putin said on Friday that the sanctioned Kremlin is depriving Russia’s Davos of its elite

Flags bearing the emblem of the Saint Petersburg International Economic Forum (SPIEF) flutter near Saint Isaac’s Cathedral in Saint Petersburg, Russia June 14, 2022. REUTERS/Maxim Shemetov Register now to get free unlimited access to Reuters.com Register International Economic Forum June 15-18 in St. Petersburg There are no prominent Western figures in the “Russian Davos” because … Read more

In the “miracle” city of Shenzhen, concerns about China’s economic future

SHENZHEN, China, June 13 (Reuters) – (This story was rewritten on June 12 to make it clear where in the penultimate paragraph) David Fong made his way from a poor village in central China to the booming southern city of Shenzhen as a young man in 1997. Over the next twenty-five years, he worked for … Read more

Global stocks near new lows in 2022 amid inflation fears

LONDON (Reuters) – Global stocks plunged towards 2022 lows and the Japanese yen fell to levels not seen in nearly a quarter of a century on Monday as sweltering inflation in the United States fueled fears of a more aggressive policy tightening in a large region. Central Bank Week. The significantly higher-than-expected US CPI reading … Read more

Malaysian companies rejected applications due to lack of expatriate workers

KUALA LUMPUR (Reuters) – Malaysian companies from palm oil growers to semiconductor makers are rejecting orders and ditching billions in sales as a shortage of more than a million workers threatens the country’s economic recovery. Despite the lifting of the COVID-19 freeze on recruiting foreign workers in February, Malaysia has not seen a significant return … Read more

Biden unveils immigration plan, capping division-ridden Americas summit

LOS ANGELES (Reuters) – U.S. President Joe Biden and his Western Hemisphere colleagues on Friday rolled out a new set of measures to tackle the regional migration crisis in a bid to salvage the divided Summit of the Americas. Biden aides had touted the immigration declaration as a cornerstone of the Summit of the Americas … Read more