Economic Indicators10 hours ago (Apr 12, 2020 04:20AM ET) (C) Reuters. FILE PHOTO: People are seen in front of Burj Khalifa, the world tallest building, in Dubai DUBAI (Reuters) - The United Arab Emirates (UAE) Ministry of Economy said on Sunday it was cutting fees for 94 of its services to reduce the cost of business and support the economy ...

Coronavirus11 hours ago (Apr 12, 2020 03:25AM ET) (C) Reuters. FILE PHOTO: A branch of Banque Du Caire is pictured at the Upper Egypt city of Aswan CAIRO (Reuters) - Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire in an initial public offering (IPO) starting mid-April due to the spread of the coronavirus, ...

Economy14 hours ago (Apr 12, 2020 12:40AM ET) 2/2 (C) Reuters. FILE PHOTO: Flags of U.S. and China are displayed at AICC's booth during China International Fair for Trade in Services in Beijing 2/2 SHANGHAI (Reuters) - China is still implementing the first phase of a Sino-U.S. trade pact, its ambassador to the United States said, but hoped the two ...

Economic Indicators15 hours ago (Apr 12, 2020 12:05AM ET) (C) Reuters. By Manoj Kumar NEW DELHI (Reuters) - India and other South Asian countries are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, the World Bank said on Sunday. The South Asian region, comprising eight countries, is likely to show economic ...

Economy3 hours ago (Apr 11, 2020 07:55AM ET) (C) Reuters. FILE PHOTO: The entrance of Monte Dei Paschi di Siena is seen in San Gusme near Siena, Italy By Angelo Amante ROME (Reuters) - Hackers have accessed the mailboxes of some employees at Italian state-owned bank Monte dei Paschi and sent emails to clients, according to a notice to customers ...

Economy10 hours ago (Apr 11, 2020 12:25AM ET) (C) Reuters. FILE PHOTO: World Bank President David Malpass attends the "1+6" Roundtable meeting at the Diaoyutai state guesthouse in Beijing By Andrea Shalal WASHINGTON (Reuters) - World Bank Group President David Malpass on Friday said he was confident of progress on his joint call with the International Monetary Fund for a ...

Economy3 hours ago (Apr 10, 2020 07:35PM ET) (C) Reuters. The spread of the coronavirus disease (COVID-19) in London (Reuters) - Britain has approved four new lenders to offer government-backed loans to struggling small businesses damaged by the coronavirus outbreak, under the multi-billion pound Coronavirus Business Interruption Loan Scheme (CBILS). The four banks - Co-operative, Cynergy, OakNorth and Starling - ...

Economy3 hours ago (Apr 10, 2020 07:25PM ET) (C) Reuters. FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity WASHINGTON (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva on Friday announced the creation of an external advisory group to provide input on policy challenges, including the coronavirus pandemic and its ...

Economy6 hours ago (Apr 10, 2020 05:05PM ET) WASHINGTON (Reuters) - The International Chamber of Commerce on Friday joined a global trade union and a major civil society group to urge immediate debt relief for the world's poorest countries to help them fight the coronavirus pandemic and mitigate its economic impact. In an open letter to finance ministers, the groups ...

Economy7 hours ago (Apr 10, 2020 04:05PM ET) (C) Reuters. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington By Jonnelle Marte and Howard Schneider (Reuters) - The U.S. economy was on a strong footing before the coronavirus pandemic and Federal Reserve officials are working to help the economy rebound quickly once businesses that were shuttered ...