Teen charged with murder in fatal March shooting of 16-year-old on Liberty Avenue
QUEENS, N.Y. — A 16-year-old from St. Albans has been charged with second-degree murder for allegedly fatally shooting another teen in broad daylight after both exited an MTA bus in Jamaica on…
Fed, FDIC officials to testify on recent bank failures before House committee March 29
WASHINGTON (Reuters) – The top regulatory officials for the Federal Reserve and Federal Deposit Insurance Corporation will testify before a House panel on March 29 to discuss the recent failures of Silicon…
Hedge funds whiplashed in wild March markets
By Summer Zhen, Nell Mackenzie and Yoruk Bahceli LONDON/HONG KONG (Reuters) – Trend-following and macro hedge funds have been badly wrong-footed in a week of wild market gyrations and are selling stocks…
U.S. consumer sentiment ebbs in March; inflation expectations fall
WASHINGTON (Reuters) – U.S. consumer sentiment fell for the first time four months in March, though households expected inflation to subside over the next 12 months and beyond, a survey showed on…
Global money market funds draw massive inflows in week to March 15
(Reuters) – Global money market and government bond funds obtained massive weekly inflows as investors rushed to safer assets on fears of contagion from the collapse of three U.S. banks last week.…
Fed to stay the course with 25 bps rate hike on March 22: Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will raise interest rates by 25 basis points on March 22 despite recent banking sector turmoil, according to a…
Santander’s Mexico arm to launch digital bank by March 2024
By Valentine Hilaire and Noe Torres MERIDA, Mexico (Reuters) – The Mexican arm of Spain’s Banco Santander plans to launch digital lender Openbank by the end of March 2024 to offer checking…
Swedish 5-year inflation expectations fall in March
STOCKHOLM (Reuters) – Long-term inflation expectations among financial and business groups in Sweden fell in March, a poll commissioned by the central bank showed on Thursday. Inflation measured with a fixed interest…
Australia consumer mood stuck in the doldrums in March
SYDNEY (Reuters) – Australian consumer sentiment stayed stuck at historically depressed levels in March amid concerns over inflation and interest rates, a survey showed on Tuesday, with the appetite for buying big-ticket…
Goldman analysts no longer expect Fed rate hike in March after SVB failure
(Reuters) – Goldman Sachs’ analysts on Sunday said they no longer expect the U.S. Federal Reserve to deliver a rate hike at its March 22 meeting with considerable uncertainty about the path…
Canada govt to present 2023-24 budget on March 28, finance minister says
OTTAWA (Reuters) – Canada’s federal government will present its budget for fiscal year 2023-24 on March 28, Finance Minister Chrystia Freeland said on Friday. “Our government is focused on the clean Canadian…
UK online job adverts rise by 4% in early March – ONS
LONDON (Reuters) – The number of online job adverts in Britain increased by 4% in the week to March 3 compared with the previous week, but was 20% lower than a year…
Fed’s Powell: No call made yet on size of March rate rise
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that officials have not yet made a call on the size of the rate increase they are…
Taking Fed’s lead, UK investors fully price in BoE hike in March
LONDON (Reuters) – British investors on Wednesday fully priced in a 0.25 percentage point increase in Bank of England interest rates at its March meeting, after the U.S. Federal Reserve signalled that…
RBA to lift rates to 3.60% on March 7, finish at 3.85% in Q2: Reuters Poll
By Sujith Pai BENGALURU (Reuters) – The Reserve Bank of Australia will hike its interest rate again by 25 basis points to 3.60% on Tuesday, followed by one more lift next quarter,…
Ford to restart F-150 Lightning production on March 13
By David Shepardson WASHINGTON (Reuters) – Ford Motor Co said Thursday it will restart production of its F-150 Lightning on March 13 after it halted output of the electric truck after a…
Fed Chair Powell to testify at House Financial Services Committee March 8
(Reuters) – Federal Reserve Chair Jerome Powell will testify on the U.S. central bank’s semiannual monetary policy report to the House Financial Services Committee on March 8 at 10 a.m. ET, the…
Brides to be will converge at the Jersey Shore in March
Wildwoods, NJ – Brides to be will drag their fiance’s to the Jersey Shore in two weeks to attend one of the biggest wedding extravaganzas on the east coast and it’s happening…
Marketmind: Markets March on China boomlet
A look at the day ahead in U.S. and global markets from Mike Dolan If there were still doubts about a re-acceleration of the world economy into 2023, China’s February business boom…
ECB may need big rates hikes beyond March, steeper QT from July, Nagel says
FRANKFURT (Reuters) – The European Central Bank may need significant rate hikes beyond March and should accelerate the rundown of its oversized bond portfolio to fight stubbornly high inflation, Bundesbank President Joachim…
March madness could be in store for markets after a somber February
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – March madness? After a euphoric January was followed by a somber February, with bonds and equities selling off as strong data renewed rate-hike…
Hong Kong to scrap COVID mask mandate from March 1
By Farah Master HONG KONG (Reuters) -Hong Kong will drop its COVID-19 mask mandate, chief executive John Lee said on Tuesday, in a move to lure back visitors and business and restore…
UK’s Hunt has extra 30 billion pounds to play with in March budget, IFS says
By David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt may have a 30 billion-pound ($36 billion) windfall at next month’s budget, but this will be too short-lived to fund permanent…
Ghana to ensure payments of coupons, principals of old bonds resume on March 13
ACCRA (Reuters) – Ghana’s finance ministry said on Monday it was taking steps to ensure payments of coupons and principals of old bonds resume on March 13 following the conclusion of a…
Marketmind: Long March ahead
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan As March hoves into view with another intense bout of inflation and interest rate anxiety, markets…
Philippines central bank chief expects one more rate hike this year, possibly in March
MANILA (Reuters) – The Philippine central bank will likely raise interest rates one more time this year and that could happen at its next monetary policy meeting in March, most likely by…
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