NYC Mayor To Kick Out Migrants Under New, Tighter Rules
NYC Implements Stricter Regulations on Migrants in City Shelters NEW YORK – In response to New York City’s escalating immigration crisis, Mayor Eric Adams has announced a decree to enforce tighter regulations…
Russia may need tighter policy to bring inflation to target -c. bank analysts
MOSCOW (Reuters) – Inflation in Russia continues to accelerate and a return to the central bank’s 4% target may require additional monetary policy tightening, according to a review by central bank analysts…
Brazil’s central bank seeks tighter cryptocurrency regulation, brokerage oversight
BRASILIA (Reuters) – Brazil’s central bank governor Roberto Campos Neto on Wednesday said policymakers are aiming to tighten cryptocurrency regulation and subject brokerages to their supervision. Speaking during a hearing in Congress,…
Germany wants tighter foreign investment controls amid China ‘de-risking’
BERLIN (Reuters) – German Economy Minister Robert Habeck wants to tighten the process for reviewing foreign investments with a new law that would aim to enhance economic security, according to a ministry…
New Jersey Lawmaker Wants Tighter Controls of Youth Use of Social Media
TRENTON, NJ – Conservative darling Senator Ed Durr, a truck driver from South Jersey said social media is harming America’s youth. Legislation sponsored by Senator Durr, aimed at delving into the effects…
Fed’s Powell says tighter credit conditions ease rate hike pressure
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Friday that the aftereffects of recent banking sector troubles takes some pressure off the U.S. central bank to raise rates. Tighter credit…
Russia goes after remote workers with tighter income tax draft law
(Reuters) – Russia’s finance ministry on Thursday outlined proposals to tax people working remotely from abroad for Russian companies at the standard income tax rate even if they lose their tax residency,…
Tighter ECB policy could push up bad debt levels – de Guindos
FRANKFURT (Reuters) – European Central Bank interest rate hikes are in their final stretch, ECB Vice President Luis de Guindos told an Italian newspaper, while warning that higher borrowing costs could put…
Tighter lending seen bringing mild recession later this year-Vanguard
By Davide Barbuscia NEW YORK (Reuters) – Tighter lending conditions after recent bank failures will likely drive the U.S. economy into a shallow recession in the second half of this year, bolstering…
Vietnam plans tighter limits on stakes in banks in blow to foreign investors
By Phuong Nguyen HANOI (Reuters) – Vietnam’s central bank is seeking to reduce the maximum stake investors can hold in Vietnamese banks, according to a published draft document on a regulatory change…
Fed’s Daly: tighter policy, for a longer time, ‘likely’ needed
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Saturday sounded a clear warning on the inflationary threat, and signaled that the U.S. central bank may raise interest rates further,…
Tighter monetary policy reduces rent inflation- SF Fed paper
(Reuters) – A tightening of monetary policy by the Federal Reserve results in a reduction in rent inflation albeit at a slow pace, according to a San Francisco Fed analysis released on…
Fed loan officer survey finds tighter loan standards, reduced demand
By Michael S. Derby (Reuters) – Lending officers at major banks told the Federal Reserve that in the final three months of last year they tightened standards and saw reduced demand across…
EU lawmakers to vote on tighter crypto, ESG rules for banks
By Huw Jones LONDON (Reuters) – Banks would have to set aside a punitive amount of capital to cover holdings of cryptoassets under a draft law due to be voted on by…
NY Fed: Bank liquidity may be tighter than thought, with policy implications
By Michael S. Derby (Reuters) – The way the banking system manages its cash suggests the financial system may not be as flush as many now understand, and that could have implications…
Euro zone banks see falling loan demand, tighter access to credit in Q4
FRANKFURT (Reuters) – Euro zone banks expect to tighten access to credit further in the fourth quarter and see a drop in loan demand as economic growth slows and interest rates rise,…
Morgan Stanley sees tighter oil market ahead, ups Q1 forecasts
(Reuters) – Morgan Stanley raised its oil price forecast for the first quarter of 2023, and predicted tight supply going forward due to a steep output cut agreed by OPEC+ producers coupled…
OPEC+ sees tighter market in 2022, risks to oil demand growth
By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) – The oil market will have a small surplus of just 0.4 million bpd in 2022, much less than forecast earlier, according to OPEC+,…
New web-based poll predicts tighter Brazil presidential race
BRASILIA (Reuters) – A new poll using data collected from the internet predicted on Thursday a narrowing presidential race in Brazil, with leftist front-runner Luiz Inacio Lula da Silva just 8.4 percentage…
Wall Street eyes Walmart results for signs of tighter margins, slower growth
By Arriana McLymore and Siddharth Cavale NEW YORK, NY – When Walmart on Thursday reports how it fared during the holiday quarter, investors also will want to see how higher labor, transportation…
Japan eyes tighter curbs to counter cyberattacks
TOKYO – Japan will consider imposing tighter curbs on companies in security-sensitive sectors that procure overseas software as part of efforts to ramp up steps to counter cyberattacks, according to a proposal…
China’s SMIC needs tighter export curbs from Biden -senators
WASHINGTON -U.S. Republican senators are urging the Biden administration to close a “loophole” in export controls imposed by former President Donald Trump on China’s top chipmaker, SMIC, which they call a “clear…
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