Today: May 17, 2024
Today: May 17, 2024

Economy

White House's Brainard says China's exports can undermine investments in US

White House National Economic Adviser Lael Brainard said on Thursday China's industrial capacity and exports in certain sectors are so large, they can undermine the viability of

White House's Brainard says China's exports can undermine investments in US

Panama president-elect builds business-friendly cabinet

By Raul Cortes and Kylie Madry (Reuters) -Panama President-elect Jose Raul Mulino on Thursday pulled business leaders and an economist into his ranks, the first cabinet selections in what Mulino has

Panama president-elect builds business-friendly cabinet

IMF says US inflation data 'higher than we would like'

The International Monetary Fund on Thursday views recent U.S. inflation data as "overall higher than we would like to see" and is urging the Federal Reserve to stay cautious and

IMF says US inflation data 'higher than we would like'

Gazprom CEO Miller is not on Putin's China trip

MOSCOW (Reuters) -Gazprom CEO Alexei Miller was not on Russian President Vladimir Putin's state visit to China because he was holding talks with the Iranian leadership, the world's biggest natural gas

Gazprom CEO Miller is not on Putin's China trip

Leaders from Western Balkans, EU, meet to discuss growth plan, reforms

KOTOR, Montenegro (Reuters) -The six Western Balkan countries, aspiring to join the European Union, met in Montenegro on Thursday to discuss how to speed up necessary reforms, create their own single

Leaders from Western Balkans, EU, meet to discuss growth plan, reforms

US labor market fairly tight, broader economy losing steam

The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump at the start of the month, indicating that

US labor market fairly tight, broader economy losing steam

German experts cut their tax revenue forecasts for 2024-28 by 1.5%

By Maria Martinez BERLIN (Reuters) -Germany's council of tax experts cut their forecast for total tax revenue over the next five years by 1.5% on Thursday, which could add another layer of complexity

German experts cut their tax revenue forecasts for 2024-28 by 1.5%

Factbox-Major cases before the US Supreme Court this term

(Reuters) -The U.S.

Factbox-Major cases before the US Supreme Court this term

Long-term mortgage rates retreat for second straight week, US average at 7.02%

The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing sky-high prices and a shortage of supply

Long-term mortgage rates retreat for second straight week, US average at 7.02%

FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week

FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

Major brokerages retain US rate-cut view after soft inflation data

Top global brokerages have retained their expectations for when the U.S.

Major brokerages retain US rate-cut view after soft inflation data

IBM to add 800 AI-related jobs in Ireland

IBM plans to hire up to 800 more people in Ireland to help build advanced software underpinned by AI technology, the biggest job announcement in the country's multinational sector

IBM to add 800 AI-related jobs in Ireland

Chile gives Albemarle option to boost lithium quota by 240,000 metric tons

Chile's economic development agency CORFO on Wednesday said it reached an agreement with Albemarle to establish an option for the U.S. company to increase its production quota by

Chile gives Albemarle option to boost lithium quota by 240,000 metric tons

Russian tycoon Deripaska calls latest US sanctions 'balderdash'

Russian tycoon Oleg Deripaska dismissed the latest U.S. sanctions on a series of companies that the U.S.

Russian tycoon Deripaska calls latest US sanctions 'balderdash'

Dow sprints past 40,000-mark on earnings boost, rate-cut bets

The Dow Jones Industrial Average breached the 40,000-point level for the first time ever on Thursday, its fastest 10,000-point climb, powered by strong quarterly

Dow sprints past 40,000-mark on earnings boost, rate-cut bets

Argentine economy chief praises fourth-straight month of fiscal surplus

By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina will post a budget surplus in April for the fourth consecutive month under the new government, the country's economy chief said Wednesday, touting

Argentine economy chief praises fourth-straight month of fiscal surplus

China's Nio launches Onvo brand to challenge Tesla's best-selling model

Chinese electric vehicle maker Nio on Wednesday launched the first vehicle in its new lower-priced brand Onvo which aims to compete there with Tesla's Model Y, the

China's Nio launches Onvo brand to challenge Tesla's best-selling model

Commercial property is weak link in euro zone finance, ECB says

Commercial property has become the weak link of the euro zone's financial system, with losses there threatening to hurt banks, insurers and funds, a European Central Bank report

Commercial property is weak link in euro zone finance, ECB says

Swap old for new: China's latest property market plan off to a poor start

A campaign by Chinese authorities to encourage people to replace their old apartments with new ones is attracting interest, but faces one

Swap old for new: China's latest property market plan off to a poor start

European shares snap nine-day winning streak as Siemens weighs

By Ankika Biswas and Johann M Cherian (Reuters) -European shares snapped a nine-day winning streak on Thursday, weighed by Germany's Siemens after a second-quarter industrial profit miss, while a

European shares snap nine-day winning streak as Siemens weighs

White House moves to protect US solar manufacturers from Chinese competition

The White House on Thursday said it would protect domestic solar factories from Chinese competition by scrapping a tariff exemption for imported double-sided panels and

White House moves to protect US solar manufacturers from Chinese competition

Foreign investors snap up long-term Japan bonds after three-week selling streak

Foreign investors ended a three-week trend of selling Japanese bonds by purchasing long-term securities, although analysts suggest the rebound could be fleeting amid ongoing market

Foreign investors snap up long-term Japan bonds after three-week selling streak

Transcript of interview with New York Fed's Williams

Federal Reserve Bank of New York President John Williams was interviewed by Reuters on Wednesday.

Transcript of interview with New York Fed's Williams

A second Trump presidency would target IEA's green focus, advisers say

Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election to shift the energy

A second Trump presidency would target IEA's green focus, advisers say

Digitalisation of banking creates new risks, says global watchdog

The digitalisation and entry of Big Tech into finance create new vulnerabilities and amplify existing risks in the banking system that may need new rules to mitigate,

Digitalisation of banking creates new risks, says global watchdog
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