By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks dropped for a third straight session and suffered a second straight week of losses on Friday as fears continued to mount that the Federal Re[...]
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December 16, 2022
Fed may push rates higher, keep them there longer, policymakers say
By Michael S. Derby and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) -Federal Reserve policymakers may need to lift U.S. borrowing costs above the peak 5.1% they penciled in just this week, and keep th[...]
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World shares extend rout, oil prices drop on recession worries
By Chris Prentice, Dhara Ranasinghe and Naomi Rovnick NEW YORK/LONDON (Reuters) -A rout in global equities extended on Friday and government bond markets came under fresh selling pressure as hawkish t[...]
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U.S. bank stocks falter as recession worries take hold
By Lewis Krauskopf (Reuters) – Shares of U.S. banks are taking a beating in December, as worries over an expected recession and weakening profit margins dull the industry’s appeal. The S[...]
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Fed’s Mester sees rates rising more than most policy makers have forecast
By Michael S. Derby (Reuters) – Cleveland Federal Reserve bank President Loretta Mester said on Friday that she believes the U.S. central bank will have to raise interest rates higher than the l[...]
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World Bank’s IFC sees ‘huge’ potential to boost investment in Africa
By Andrea Shalal WASHINGTON (Reuters) – The World Bank’s private investment arm sees huge potential to boost investment in Africa and help support entrepreneurship and digital transformati[...]
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Retail investors turn to ETFs as recession fears knock down meme stocks
By Medha Singh (Reuters) – Retail investors are doubling down on Exchange Traded Funds (ETFs) as rising interest rates and volatile markets curb their appetite for risky assets such as meme stoc[...]
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Ecuador not looking for new agreement with IMF, will maintain ties
GUAYAQUIL (Reuters) – Ecuador has fully financed its budget for next year and is not looking for a new credit agreement with the International Monetary Fund (IMF), the country’s economy mi[...]
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China agrees to formation of global sovereign debt ’roundtable’ -IMF chief
By Andrea Shalal WASHINGTON (Reuters) -Chinese officials have agreed to participate in a global sovereign debt “roundtable” that would include a wide variety of stakeholders, including pri[...]
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