DAVOS, Switzerland – International Monetary Fund Managing Director Kristalina Georgieva on Monday said she does not expect a recession for the world’s major economies but also cannot rule one out.…
By James Davey LONDON – Steve Rowe will next week step down as chief executive of British retailer Marks & Spencer after a turbulent six years in the top job,…
WASHINGTON – The Federal Reserve has “important but quite limited” authorities to police financial risks emanating from climate change, according to Michael Barr, President Biden’s nominee to lead to the…
New York’s Congressional Map Hasn’t Been Finalized, But Dems Are Already Backstabbing Each Other Sebastian Hughes on May 17, 2022 The New York congressional map proposed by a court-appointed special…
BEIJING – China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s…
By Devayani Sathyan and Prerana Bhat BENGALURU – The Reserve Bank of India will follow its surprise May rate rise with another hike at its meeting next month, according to…
By Davide Barbuscia NEW YORK – U.S. loans have outperformed other debt instruments this year because of the protection they offer from rising interest rates, but a sharp deterioration in…
By Leika Kihara TOKYO – The Bank of Japan is dropping hints the recent rise in inflation may prove longer-lasting and driven by solid demand, a sign global price pressures…
(Reuters) – U.S. April inflation at 8.3% remained “hot” but does not yet require the Federal Reserve to switch to three-quarter point rate increases, St. Louis Fed President James Bullard…
WASHINGTON – China would prefer to take over neighboring Taiwan without military action but is working to get to a position where its military could prevail even if the United…
(Reuters) – U.S. household debt rose to a record $15.84 trillion in the first quarter driven almost entirely by a $250 billion increase in home loan balances, but the rise…
By Steven Scheer JERUSALEM – Israel’s central bank said on Monday it had received public support for its plans to possibly issue a digital shekel on grounds it would help…
TAIPEI/BEIJING -It will be “very difficult” for Taiwan to get an invite to a major World Health Organization meeting this month, but efforts are continuing, Taiwan Foreign Minister Joseph Wu…
By Chen Aizhu SINGAPORE – China’s crude oil imports grew nearly 7% in April from the same month a year earlier, its first rise in three months, although weakening fuel…
By Davide Barbuscia NEW YORK – A jump in U.S. real yields back into positive territory is a sign that a hawkish Federal Reserve is succeeding in tightening some financial…
PARIS – French state-owned utility EDF’s first-quarter sales jumped 61% to 35.58 billion euros ($37.40 billion) on the back of higher power and gas prices but the firm was cautious…
Trenton – Senate Majority Leader M. Teresa Ruiz said she woke up to a nightmare last night to find out that the U.S. Supreme Court is on the verge of…
BRASILIA – Industrial production in Brazil rose in March, but ended the first quarter with a negative print, highlighting the challenges for the sector amid problems in global chains and…
TOMS RIVER, NJ – The Toms River Regional Schools’ Bennet Indoor Sports Complex has a new name, but will it stick? Selling the naming rights for buildings in the Toms…
By Arshad Mohammed, John Irish and Parisa Hafezi WASHINGTON/PARIS/DUBAI – Western officials have largely lost hope the Iran nuclear deal can be resurrected, sources familiar with the matter said, forcing…
U.S. President Joe Biden was able to correctly read the words from his teleprompter without screwing them up, but it could have been because he was talking about his arch-nemesis.…
By Shashwat Awasthi (Reuters) – Australia’s “Big Four” banks are set to report a further squeeze on interest margins in their upcoming results dented by growing competition, though the prospect…
TOMS RIVER, NJ – This week, the Toms River Township Council and Toms River Mayor Maurice Hill joined the chorus of New Jersey politicians taking aim only at police officers…
Biden Admin Says Oil Production Is At Historic Levels. But There’s One Problem Thomas Catenacci on April 29, 2022 Domestic crude oil production has sharply decreased for three consecutive months…
BERLIN -The German economy grew slightly in the first quarter of this year, supported by stronger investment, but the war in Ukraine began having an increasing impact from the end…