Tag: finance

Updated at 9:14 am EST The Federal Reserve’s preferred measure of U.S. inflation eased further from multi-decade highs last month, data indicated Friday, adding to investors hopes that consumer price pressures have peaked in the world’s biggest economy. The April core PCE Price Index rose 4.9% from last year, easing from the highest levels since 1983,…

© Reuters. FILE PHOTO: Shaktikanta Das, the new Reserve Bank of India (RBI) Governor, attends a news conference in Mumbai, India, December 12, 2018. REUTERS/Danish Siddiqui MUMBAI (Reuters) – The Reserve Bank of India’s primary focus is to bring inflation down closer to target but it cannot disregard the concerns around growth, governor Shaktikanta Das…

© Reuters. Philippine president-elect Ferdinand “Bongbong” Marcos Jr., son of late dictator Ferdinand Marcos, attends a news conference at his headquarters in Mandaluyong City, Metro Manila, Philippines, May 23, 2022. REUTERS/Lisa Marie David By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -Philippines President-elect Ferdinand Marcos gave strong indications that he will maintain continuity…

3/3 © Reuters. A woman in a protective suit stands on a street during lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, May 26, 2022. REUTERS/Aly Song 2/3 By Ryan Woo and Stella Qiu BEIJING (Reuters) -Pandemic-hit Shanghai, China’s financial hub, unveiled more post-lockdown plans on Thursday as it moves towards a return…

© Reuters. FILE PHOTO: Swiss National Bank (SNB) Chairman Thomas Jordan gestures as he addresses a news conference in Bern, Switzerland June 17, 2021. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Global monetary policy is moving into a new phase of higher interest rates to combat resurgent inflation, Swiss National Bank Chairman Thomas Jordan told Bilanz magazine…

© Reuters. FILE PHOTO: Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF) Gita Gopinath speaks during an interview with Reuters in the Alpine resort of Davos, Switzerland May 23, 2022. REUTERS/Arnd Wiegmann DAVOS, Switzerland (Reuters) – While government debt levels are climbing around the world, with debt burdens in…

© Reuters. FILE PHOTO: The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington, February 23, 2011. REUTERS/Jason Reed By Pete Schroeder WASHINGTON (Reuters) -U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion, as larger firms grew their loan loss provisions in response to heightened…

© Reuters. FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christop ATLANTA, Ga (Reuters) – The quick response in financial markets to tighter monetary policy offers hope that other parts…

© Reuters. General view of people walking past the World Economic Forum (WEF) logo during the forum in Davos, Switzerland May 23, 2022. REUTERS/Arnd Wiegmann By Balazs Koranyi and Dan Burns DAVOS, Switzerland (Reuters) -Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos think-fest on Monday, with…

© Reuters. Lebanese President Michel Aoun heads a final cabinet meeting before the government enters a caretaker status at the presidential palace in Baabda, Lebanon May 20, 2022. Dalati Nohra/Handout via REUTERS By Maya Gebeily, Timour Azhari and Laila Bassam (Reuters) – Lebanon’s government foresees cancelling “a large part” of the central bank’s foreign currency…