By Ankur Banerjee SINGAPORE (Reuters) – As a swift and broad rally in Asian stock markets after China’s reopening from COVID curbs peters out, investors are targeting beaten down stocks in[...]
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February 9, 2023
U.S. government to start imposing inflation penalties on drugmakers in 2025
WASHINGTON (Reuters) -The U.S. government will begin imposing penalties in 2025 on drug companies that charge its Medicare program prices that rise faster than inflation, the Centers for Medicare[...]
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Fed releases 2023 stress test scenarios for banks, including extra new shock for big firms
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve on Thursday released the hypothetical economic strains they will use to test the strength of big bank finances in its 2023 stres[...]
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Stocks, dollar slip as rate hike fears unsettle investors
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – The dollar slid and a global equity rally lost steam on Thursday as nagging concerns about the economy and the future pace of central ba[...]
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U.S. dollar falters as Fed outlook weighs; focus on next week’s inflation data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell across the board on Thursday, moving in line with lower Treasury yields, as investors stuck to their views that the Federal[...]
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Banxico boosts rate more-than-expected, signals smaller hikes ahead
By Brendan O’Boyle and Anthony Esposito MEXICO CITY (Reuters) -The Bank of Mexico’s five-member governing board unanimously voted to increase the benchmark interest rate by 50 basis points[...]
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Oil falls as earthquake impact on crude eases, rate hike fears rise
By Laila Kearney NEW YORK (Reuters) -Crude prices eased on Thursday as oil infrastructure appeared to have escaped serious damage from the earthquake that devastated parts of Turkey and Syria, while U[...]
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IMF says Peru unrest could dent growth, recommends temporary stimulus
By Brendan O’Boyle (Reuters) – Peru’s economic outlook is “very uncertain,” but strong economic fundamentals could provide a buffer against prevailing risks, the Internat[...]
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Egypt’s headline inflation surges to 25.8% in January
CAIRO (Reuters) – Egypt’s annual urban consumer price inflation jumped to a higher-than-expected 25.8% in January, its fastest in more than five years, data from statistics agency CAPMAS s[...]
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