Today: April 20, 2024
Today: April 20, 2024

Economy

BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising

WASHINGTON (Reuters) - Bank of Japan Governor Kazuo Ueda said on Friday the central bank will "very likely" be raising interest rates if underlying inflation continued to go up.

Japan's finance minister gives fresh warning on excessive yen moves

WASHINGTON (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Friday authorities would take appropriate action against excessive currency market moves, repeating his warning to investors

IMF says Latam, Caribbean economies resilient but more growth is needed

By Rodrigo Campos (Reuters) - Stronger macroeconomic policy is partly behind the resilience of economies across Latin America and the Caribbean, the International Monetary Fund said Friday in its

IMF urges Bank of Japan to tread cautiously in raising interest rates

By Leika Kihara WASHINGTON (Reuters) - The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the

BoE's Ramsden says inflation could hold around 2% target over next three years

WASHINGTON (Reuters) - Bank of England Deputy Governor Dave Ramsden said on Friday that inflation could hold around the central bank's 2% target for the next three years rather than rise higher as set

Worsening US debt outlook seen more in gold and bitcoin than in bonds

(Reuters) - Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the

'Crowded' megacap trade in US stocks awaits earnings test

By Lewis Krauskopf NEW YORK (Reuters) - Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has

Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve

The Biden administration has finalized rules that would restrict new oil and gas leasing and development in portions of a federal petroleum reserve in Alaska that are considered particularly sensitive as the Arctic continues to warm

San Francisco mayor announces the city will receive pandas from China

San Francisco is the latest U_S_ city preparing to receive a pair of pandas from China, in a continuation of Beijing’s famed “panda diplomacy.”

Take Five: Dancing to the dollar's beat

(Reuters) - Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the dollar is forcing other central bankers to protect their currencies and

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flare

Asian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights

Would you like a cicada salad? The monstrous little noisemakers descend on a New Orleans menu

They may look like little monsters

Fed's rate-cut foot-dragging grates on global peers at IMF meetings

By Marcela Ayres, Leika Kihara and Karin Strohecker WASHINGTON (Reuters) - Finance chiefs from economies large and small are scrambling to keep pace with the Federal Reserve's rapid resetting of rate-

Stocks sink, oil surges on reports of Middle East attacks

By Kevin Buckland TOKYO (Reuters) - Asian shares and bond yields sank on Friday while the dollar, yen, oil and gold surged after reports of a sharp escalation in Middle East hostilities.

Oil prices ease on prospect of persistently high US interest rates

By Laila Kearney NEW YORK (Reuters) - Oil prices slipped in early trade on Friday as U.S. jobs data pointed to higher interest rates for longer and easing tensions in the Middle East dampened supply

Can patience and a housing boom ease millennials' homebuying crisis?

Owning a home is proving to be a tough hurdle for millennials. Those born between 1981 and 1996, are facing challenges in purchasing homes. Coming in at 72 million, millennials have now surpassed baby boomers to become the largest generation in the nation. The vast group and high demand for housing has led to inventory shortages and price increases, making homeownership unattainable for many. This tidal wave of demand quickly overwhelmed an already tight housing supply. “Millennials represent a vast pool of new homebuyers at a time when new construction and listings have lagged well behind population growth,” said Ralph

Widening development gap risks triggering destabilization, UN official says

By Andrea Shalal WASHINGTON (Reuters) - The world's poorest countries are facing debt distress and fiscal crises as foreign investment wanes and the gap with richer economies widens, risking political

Biden administration moves to make conservation an equal to industry on US lands

The Biden administration is moving to let conservationists lease government land for restoration

Fed's Williams doesn't see urgent need to cut interest rates

By Michael S.

IMF chief says productivity, Chinese consumer spending key to boosting global growth

By David Lawder and Andrea Shalal WASHINGTON (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva bemoaned the slow pace of global growth on Thursday, saying that Europe

G20 to review multilateral development banks reform roadmap in October, says Brazil

WASHINGTON (Reuters) - Brazil's presidency of the G20 will submit a roadmap for reforming multilateral development banks for approval by member countries at the finance track meetings scheduled for

This ancient snake in India might have been longer than a school bus and weighed a ton

Researchers in India have found fossils of an ancient giant snake that could have been longer than a school bus

Fed to cut rates in September and maybe once more this year: Reuters poll

By Indradip Ghosh BENGALURU (Reuters) - The U.S.

IMF's Georgieva warns "there's plenty to worry about'' in world economy -- including inflation, debt

The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but “there is plenty to worry about,″ including stubborn inflation and rising levels of government debt

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