Economic News

By Elida Moreno PANAMA CITY (Reuters) – More than 400,000 migrants could cross the treacherous Darien Gap linking Panama with Colombia this year, the United Nations said on Friday, well up from nearly 250,000 in 2022 as the number of people making the journey surged over

KYIV (Reuters) – Ukraine will “test and use” any non-banned weapons to liberate its territory, including Russian-occupied Crimea, the head of its National Security and Defence Council said on Friday.

RIO DE JANEIRO (Reuters) – Brazilian Defense Minister Jose Mucio said late Thursday that countries such as Sweden and Colombia had expressed interest in buying Embraer’s KC-390 military cargo aircraft.

BERLIN (Reuters) – German Finance Minister Christian Lindner is planning an austerity package with a volume of up to 20 billion euros ($22.12 billion), Germany’s Der Spiegel reported on Friday.

SEOUL (Reuters) -North Korea said on Friday it has tested a new solid-fuel intercontinental ballistic missile (ICBM) Hwasong-18 aimed at boosting the country’s nuclear counterattack capability, state media reported.

By Dominique Patton BEIJING (Reuters) – China’s agriculture ministry issued a three-year action plan on Friday to reduce soymeal use in animal feed as it continues to try to reduce its heavy reliance on soybean imports.

BEIJING (Reuters) – China’s economy is likely to grow around 5% this year, People’s Bank of China Governor Yi Gang said in remarks published on Friday, in line with the government’s annual target.

(Reuters) – The West still has time to remove “obstacles” hindering the implementation of the Black Sea grain deal before a deadline on May 18, senior Russian diplomat Mikhail Ulyanov said on Friday.

ISLAMABAD (Reuters) – The United Arab Emirates has confirmed to the International Monetary Fund that it will provide support of $1 billion to Pakistan, the South Asian country’s finance minister said on Friday.

BEIJING (Reuters) – China central bank said on Friday it will keep liquidity ample, stabilise growth and jobs and focus on expanding domestic demand.

(Reuters) – Russia has put its Pacific naval fleet on high alert as part of a surprise inspection aimed at building its defensive capabilities, Defence Minister Sergei Shoigu said on Friday.

By Ahmad Ghaddar LONDON (Reuters) – European Union and G7 restrictions on Russian oil exports led to a global shift in oil flows, with Asian refiners soaking up discounted Russian crude, in part explaining the recent OPEC+ decision to curtail output further, the West’s energy watchdog

(Reuters) – U.S. money market funds received inflows for a fifth straight week after recent data pointed to a still-strong labor market, bolstering bets for a rate hike by the Federal Reserve in May.

By Yuka Obayashi and Katya Golubkova SAPPORO, Japan (Reuters) – Canada is ready to become a reliable provider of critical minerals to its international allies including Japan, a senior official said, as the Group of Seven (G7) countries deem such minerals essential for climate goals and

By Filipp Lebedev and Gleb Stolyarov (Reuters) – A Chinese company bought at least $7.4 million worth of copper alloy ingots from a plant in a Russian-annexed region of Ukraine that is subject to Western sanctions, according to Russian customs data reviewed by Reuters.

By Howard Schneider ATLANTA (Reuters) – One more quarter-percentage-point interest rate hike can allow the Federal Reserve to end its tightening cycle with some confidence inflation will steadily return to the U.S. central bank’s 2% target, Atlanta Fed President Raphael Bostic said.

BRUSSELS (Reuters) – Eva Kaili, the former European Parliament vice president accused of accepting bribes in one of the biggest scandals to hit European Union institutions, was released from custody to house arrest on Friday.

By Harry Robertson LONDON (Reuters) – Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse of Silicon Valley Bank, according to Bank of America figures released on Friday.

A look at the day ahead in U.S. and global markets from Mike Dolan

BEIJING (Reuters) – China denied on Friday that it had imposed a no-fly zone in the seas north of Taiwan for Sunday, even though Taipei said it was told by Beijing that China would impose one.