Fed’s Daly: growth will slow, but don’t expect economy to shrink
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said she believes the U.S. economy will slow to below 2% annual growth as the Fed raises interest…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said she believes the U.S. economy will slow to below 2% annual growth as the Fed raises interest…
(Reuters) – Euro zone governments should not expect unconditional support under the European Central Bank’s new tool to stop borrowing costs from rising too far for the most indebted countries,…
LONDON – The British government needs to be sensible about public sector pay, junior treasury minister Simon Clarke said on Monday, warning that above-inflation rises would only worsen general inflation…
(Reuters) -Russia said on Thursday it did not expect Gazprom to cut gas supplies to any more European customers and said its scheme to make buyers pay for gas in…
DAVOS, Switzerland – Saudi Arabia does not expect an immediate shortage of oil and only a certain shortage of oil products, the country’s foreign minister Prince Faisal bin Farhan Al…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Monday said the U.S. economy has a lot of momentum, and said the central bank can raise interest rates…
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 Saikat Chatterjee LONDON – Two major banks expect more pain for the U.S. stock markets after benchmark indexes posted on Wednesday their worst one-day losses in two years. In…
By Manoj Kumar and Aftab Ahmed NEW DELHI – India’s central bank is expected to frontload more aggressive interest rate hikes in its effort to tame high inflation, at least…
SHANGHAI -China’s central bank kept borrowing costs of its medium-term policy loan unchanged for the third straight month as expected on Friday, despite Beijing calling for more monetary stimulus to…
FRANKFURT – A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the cost, German coal importers’…
PARIS -France should not have any problems with energy supplies, the head of the country’s CRE regulatory body said on Wednesday, adding that requests for users to be careful were…
By Fergal Smith TORONTO – As Canada’s inflation outlook worsens, investors are betting the country’s central bank will begin hiking its key interest rate in half-percentage-point increments, with the first…
LONDON/NEW YORK – Bank of America (BofA) and Citi have joined a small but growing number of top investment banks calling for more aggressive interest rate increases from the U.S.…
By Mark Miller – If you need help filing for Social Security, Medicare or disability benefits, I have good news and bad news. The good news: The sprawling network of…
– The recent surge in COVID-19 cases across China is likely to have a minimal impact on the country’s GDP this year, two brokerages said in their reports, while adding…
By Jan Wolfe WASHINGTON – Prosecutors can expect a wave of guilty pleas from some of the hundreds of people charged with joining the assault on the U.S. Capitol, after…
WASHINGTON – U.S. Senate Majority Leader Chuck Schumer said on Tuesday he aimed to pass an omnibus government spending bill by the end of the week that will include more…
SHANGHAI – A growing number of Chinese firms with business in Ukraine or Russia say the impact from the region’s crisis is limited for now, as some sought to reassure…
ZURICH – Staffing group Adecco does not expect the Russian invasion of Ukraine to derail the global economic upswing, Chief Financial Officer Coram Williams told Reuters on Thursday. “What is…
By Sergiy Takhmazov NOVOLUHANSKE, Ukraine – Zoya, a pensioner, cowered under the stairs in the early hours of Tuesday as fresh shelling shook her home near the frontline of the…
WASHINGTON – Banks in the United States do not expect a material financial impact on their businesses, or broader risk contagion, as a result of sanctions Washington and other countries…
Jersey City, NJ – In the heart of the pizza capital of the world along the Hudson River, a New York themed pizza franchise is trying to make it big somewhere…
By Jonnelle Marte – U.S. consumers expect their monthly spending to grow above pre-pandemic levels this year but people are becoming less likely to spend big on vacations and other…
So you think you have contracted the omicron variant of the COVID-19 virus, but can’t verify this because you can’t find test kits or get an appointment at a testing…