(Reuters) – American Electric Power on Thursday beat profit estimates for the third quarter, as the utility benefited from higher electricity rates and customer additions. That helped the company, one…
By Terje Solsvik OSLO (Reuters) – Norway’s central bank kept its benchmark interest rate unchanged at 4.25% on Thursday, as widely expected, and said it would likely raise the cost…
SHANGHAI (Reuters) -China’s financial regulators are investigating a month-end liquidity crunch that saw short-term money rates surge to as much as 50%, asking some institutions to explain why they borrowed…
(Reuters) – DoubleLine Capital CEO Jeffrey Gundlach expects interest rates are about to trend lower as the U.S. economy deteriorates further and tips into a recession in early 2024, he…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that market borrowing costs would need to be sustainably higher for that to bear on…
NEW YORK (Reuters) – The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that…
OSLO (Reuters) – Norway’s central bank is expected to keep its key policy interest rate on hold this week but could hike borrowing costs again by the end of the…
Cooling inflation will likely keep the Federal Reserve on pause in coming months, traders bet on Friday, even as persistent underlying price pressures amid strong consumer spending kept some chance of…
(Reuters) – Despite a stronger-than-expected reading for third-quarter U.S. economic growth, traders on Thursday added to bets the Federal Reserve will keep policy on hold through this year and will…
TOKYO (Reuters) – The Bank of Japan will end its negative interest rate policy next year, according to nearly two-thirds of economists in a Reuters poll, with more now saying…
SYDNEY (Reuters) – Australia’s top central banker on Tuesday warned there were risks inflation would prove more stubborn than expected and that interest rates might have to rise further to…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on CNBC Friday that while inflation remains too high it is coming down…
WASHINGTON – The U.S. Attorney’s Office for the District of Columbia today announced an increase of over 60 percent in the percent of cases charged by the Office in…
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Bank Indonesia unexpectedly raised interest rates on Thursday to arrest the rupiah’s decline amid U.S. monetary tightening and rising geopolitical risks,…
(Reuters) – Tesla CEO Elon Musk spent much of a call with analysts and investors on the electric car maker’s earnings discussing what he sees as the risks from high…
(Reuters) – Richmond Federal Reserve Bank chief Thomas Barkin on Tuesday said that higher long-term borrowing costs are putting downward pressure on demand but it’s unclear how that will affect…
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel hinted on Tuesday that it was in no rush to lower interest rates despite Israel’s war with Hamas in Gaza,…
By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker said on Monday the current level of interest rates has nearly killed off access to the…
By Steven Scheer JERUSALEM (Reuters) – The head of Israel’s parliamentary finance committee on Monday called on Bank of Israel Governor Amir Yaron to lower short-term interest rates as one…
(Reuters) – The Federal Reserve’s aggressive monetary policy tightening is prompting U.S. banks to slow the flow of credit and beef up cash levels after the panic in March when…
MARRAKECH, Morocco (Reuters) – World Bank President Ajay Banga said on Wednesday interest rates will likely stay higher for longer and complicate investments for companies across the globe. He also…
(Reuters) – Federal Reserve Governor Michelle Bowman on Saturday repeated her view that inflation continues to be too high despite “considerable” progress in lowering it, and the U.S. central bank…
SEOUL (Reuters) – South Korea’s central bank governor said there was a high possibility interest rates would stay higher for longer and there was a need to improve the system…
By Amina Niasse NEW YORK (Reuters) – U.S. mortgage interest rates rose to the highest since November 2000 last week, helping to drive home loan application volumes to the lowest…
By Bansari Mayur Kamdar (Reuters) – Exchange-traded funds tracking automakers saw net outflows last month on worries over the United Auto Workers’ (UAW) strike against the “Detroit Three” and higher…