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Yellen renews pressure on Congress to address U.S. debt limit

Yellen renews pressure on Congress to address U.S. debt limit

2/2 © Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies before the Senate Appropriations Subcommittee on Financial Services about the FY22 Treasury budget request on Capitol Hill, in Washington, DC, U.S., June 23, 2021. Shawn Thew/Pool via REUTERS/File 2/2 WASHINGTON (Reuters) – Democrats will not include a provision to raise the federal government’s borrowing…

White House: U.S. states to decide whether to extend lapsed jobless benefits

White House: U.S. states to decide whether to extend lapsed jobless benefits

© Reuters. Hundreds of people line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, U.S. June 18, 2020. REUTERS/Bryan Woolston By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) – Local officials who want to extend enhanced unemployment benefits can do so, the White House said on…

Japan’s July household spending rises less than expected

Japan’s July household spending rises less than expected

© Reuters. FILE PHOTO: People wear protective masks in a shopping district amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, December 14 , 2020. REUTERS/Kim Kyung-Hoon/File Photo/File Photo By Kantaro Komiya and Daniel Leussink TOKYO (Reuters) – Japan’s household spending grew less than expected in July as a resurgence in COVID-19 cases hindered consumer…

European banks still booking profits in tax havens, says report

European banks still booking profits in tax havens, says report

© Reuters. FILE PHOTO: Arrangement of various world currencies including Chinese yuan, U.S. dollar, Euro, British pound, pictured January 25, 2011 REUTERS/Kacper Pempel/Illustration/File Photo LONDON (Reuters) – Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the…

China to improve monetary policy controls, build risk warning system

China to improve monetary policy controls, build risk warning system

© Reuters. FILE PHOTO: People walk in Lujiazui financial district during sunset in Pudong, Shanghai, China July 13, 2021. Picture taken July 13, 2021. REUTERS/Aly Song SHANGHAI (Reuters) – China will continue to improve monetary policy controls and its prudent macroeconomic policy framework, and construct an early-warning system to monitor and evaluate financial risks, a…