Powell says he expects dollar to remain global reserve currency
(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve currency as long as democratic institutions and the rule of…
(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve currency as long as democratic institutions and the rule of…
NEW YORK (Reuters) – Wells Fargo & Co expects an upside in net interest income going ahead, Chief Financial Officer Mike Santomassimo said on Tuesday. The bank had earlier issued…
LONDON (Reuters) – JPMorgan said on Monday it expects Turkey’s central bank to hike interest rates to 25% from the current 8.5% at its June meeting, adding this could come…
NEW YORK (Reuters) – Morgan Stanley expects to its revenue from trading and investment banking to slump in the second quarter given a more challenging economic environment, co-president Andy Saperstein…
WASHINGTON (Reuters) – President Joe Biden expects to have the debt ceiling bill on his desk by June 5, before the U.S. runs out of money to pay its bills,…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly on Monday said it would be quite surprising for the central bank to…
By Navya Mittal and Yantoultra Ngui (Reuters) – Singapore’s biggest bank DBS Group on Monday said it expects to lift annual earnings to more than S$10 billion ($7.55 billion) within…
(Reuters) – Micron Technology Inc expects China’s ban on company’s infrastructure chips to impact revenue in the low-single to high-single digit percentage, the company said on Monday at a J.P.…
(Reuters) – BlackBerry Ltd on Wednesday forecast as much as 54% jump in 2026 sales from current year on the back of growth in its cybersecurity business, sending shares up…
REHOBOTH BEACH, Delaware (Reuters) -U.S. President Joe Biden said on Sunday he expects to meet with congressional leaders on Tuesday for talks on a plan to raise the nation’s debt…
By Andrea Shalal NIIGATA, Japan (Reuters) – The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in the sector, and regulators…
(Reuters) – JPMorgan in a research note on Friday said it now forecast a 0.2% decline in South Africa’s 2023 gross domestic product versus a previous forecast for 0.3% growth,…
(Reuters) – Australia’s Macquarie Group Ltd is looking to sell its North American port facilities business, Ceres Terminals, for about $1 billion, the Wall Street Journal reported on Tuesday citing…
By Carolina Mandl and Svea Herbst-Bayliss BEVERLY HILLS, California (Reuters) – Wells Fargo & Co CEO Charlie Scharf said on Tuesday the banking industry is “extremely strong” but added he…
PARIS (Reuters) – Food price inflation in France – which has been a major concern for consumers – should ease off by September, said government minister Olivia Gregoire on Sunday.…
BERLIN (Reuters) – Germany expects to post a deficit of 4.25% of gross domestic product (GDP) in 2023, up from a 2.6% deficit the previous year, according to finance ministry…
MEXICO CITY (Reuters) – Mexican airline Volaris expects to operate under the U.S. Category 1 aviation safety rating in the fourth quarter, which would allow the carrier to add global…
By Deena Beasley and Julie Steenhuysen (Reuters) – Eli Lilly and Co expects the U.S. Medicare health plan to back down from strict coverage limits on new Alzheimer’s drugs as…
By Jorgelina do Rosario and Joe Bavier WASHINGTON (Reuters) – Kenya expects at least $1.2 billion in financing inflows between April and May and is in talks for new funding…
MILAN (Reuters) – The head of Italy’s UniCredit expects the European Central Bank (ECB) to take a ‘balanced approach’ on interest rate hikes, acting on the basis of economic data…
Denver Expects To Spend Tens Of Millions On Illegal Immigrants Jennie Taer on April 4, 2023 The city of Denver, Colorado, is expected to spend up to $20 million to…
By Jorgelina do Rosario and Uditha Jayasinghe LONDON/COLOMBO (Reuters) – Sri Lanka will kick off a debt rework of part of its domestic debt next month and aims to finalise…
MUNICH (Reuters) – Former Audi boss Rupert Stadler is likely to become the first top executive to be convicted in the diesel emissions scandal, with a Munich court giving a…
(Reuters) – Republic First Bancorp Inc said on Friday it expects to file its annual report with the U.S. Securities and Exchange Commission by May 1, much later than the…
Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business John Hugh DeMastri on March 23, 2023 Ford expects to lose $3 billion on its electric vehicle department…