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IMF's Georgieva says any slowdown in AI-driven growth would be factor for central banks

IMF's Georgieva says any slowdown in AI-driven growth would be factor for central banks

By Andrea Shalal WASHINGTON, Nov 6 (Reuters) - Central bankers around the world would need to consider any slowdown in AI-driven growth as they assess steps in their fight against inflation, International Monetary Fund Managing Director Kristalina Georgieva said on Friday.
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Analysis-Trader angst pivots from inflation to growth as tech rout deepens

Analysis-Trader angst pivots from inflation to growth as tech rout deepens

By Dhara Ranasinghe and Karin Strohecker LONDON, Nov 6 (Reuters) - The rout in tech stocks further clouds the outlook for a global economy bolstered by the AI boom, leaving traders questioning whether central banks will have scope for further interest rate hikes to contain an Iran war-induced energy
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IMF Forecasts Burkina Faso's Economy to Grow by 4.8% in 2027, Driven by Gold and Agriculture

IMF Forecasts Burkina Faso's Economy to Grow by 4.8% in 2027, Driven by Gold and Agriculture

The International Monetary Fund (IMF) projects Burkina Faso's economy to expand by 4.8% in 2027, an increase from the anticipated 4.4% growth in 2026. This positive outlook is primarily fueled by strong gold output and an expected rebound in the agricultural sector. High gold prices, increased production, and reforms aimed at formalizing artisanal mining are contributing to economic activity. Additionally, investments in agriculture, such as improved fertilizer access, expanded irrigation networks, dam rehabilitation, and new boreholes, have bolstered the sector's resilience against unfavorable rainfall. Despite this positive forecast, the IMF warns of significant economic risks, including potential threats to food security from El Niño-related weather conditions and increased inflationary and fiscal pressures due to rising global oil prices linked to the Middle East conflict.
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Indian Rupee Advances as US Dollar Weakens Post-Midterm Elections

Indian Rupee Advances as US Dollar Weakens Post-Midterm Elections

Indian Rupee Advances as US Dollar Weakens Post-Midterm Elections
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US job growth beats expectations in October; unemployment rate falls to 4.1%

US job growth beats expectations in October; unemployment rate falls to 4.1%

By Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - US nonfarm payrolls increased more than expected in October and the unemployment rate fell to 4.1%, suggesting the labor market remained resilient and giving the Federal Reserve more scope to focus on inflation stemming from the Middle East conflict.
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US Dollar Weakens Against Major Currencies Following Democratic Election Victories

US Dollar Weakens Against Major Currencies Following Democratic Election Victories

US Dollar Weakens Against Major Currencies Following Democratic Election Victories
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Oil and data centre stocks sink after US midterms

Oil and data centre stocks sink after US midterms

SINGAPORE, Nov 5 (Reuters) - Oil, chip stocks and the dollar were under pressure in Asia on Thursday and just about everything else was up after US voters swept the Democrats to a series of stunning midterm election wins, a result that raised hopes for an end to the US-Iran war.
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Dollar retreats as Democratic wins in US midterms stoke AI regulation jitters

Dollar retreats as Democratic wins in US midterms stoke AI regulation jitters

By Li Gu, Ankur Banerjee and Niket Nishant Nov 4 (Reuters) - A sweeping victory by Democrats in the US midterm elections sent the dollar tumbling on Wednesday, as investors weighed the prospect of tighter AI regulation and its potential drag on economic growth.
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US consumer sentiment improves in November; worries about AI bubble emerge

US consumer sentiment improves in November; worries about AI bubble emerge

WASHINGTON, Nov 6 (Reuters) - US consumer sentiment improved in early November, though concerns over the higher cost of living remained and households worried about a possible artificial intelligence bubble, a survey showed on Friday.
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IMF Country Director Reports Pakistan's Economic Growth Rate Rising to 3.5%

IMF Country Director Reports Pakistan's Economic Growth Rate Rising to 3.5%

International Monetary Fund (IMF) Country Director Mahir Binici announced that Pakistan's economic growth rate is increasing from 2% to 3.5%. Speaking at a conference organized by the Sustainable Development Policy Institute (SDPI) in Islamabad, Binici characterized this development as significant, indicating that Pakistan has transitioned from an economic crisis to a period of stability. He highlighted the ongoing implementation of economic reforms and the importance of sustaining this growth momentum. Binici also mentioned discussions with Pakistani authorities aimed at boosting tax revenues and improving the tax-to-GDP ratio. Concurrently, Asian Development Bank (ADB) Country Director for Pakistan Dr. Emma Xiaoqing Fan emphasized the necessity of providing greater growth opportunities for the private sector and reducing industrial costs to enhance exports. She also pointed out that over half of Pakistan's female population is not contributing to economic development and advocated for increased opportuni...
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Dollar little changed as oil prices bounce, payrolls eyed

Dollar little changed as oil prices bounce, payrolls eyed

By Chuck Mikolajczak NEW YORK, Nov 5 (Reuters) - The dollar index was roughly unchanged on Thursday, as oil prices rebounded following a sharp drop in the prior session and investors weighed the possibility of a slowdown in AI-related spending dampening economic growth.
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2026 APEC CEO Summit in Shenzhen Attracts Strong U.S. Business Participation Amidst Regional Economic Focus

2026 APEC CEO Summit in Shenzhen Attracts Strong U.S. Business Participation Amidst Regional Economic Focus

2026 APEC CEO Summit in Shenzhen Attracts Strong U.S. Business Participation Amidst Regional Economic Focus