By Karen Brettell NEW YORK (Reuters) – The dollar dipped on Thursday after data showed U.S. jobless claims rose more than expected last week, raising hopes that a softening labor market will red[...]
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March 9, 2023
Chile’s tax reform rejection could raise debt, Moody’s says
(Reuters) – Chile’s rejection of a tax reform put forward by leftist President Gabriel Boric will complicate the country’s process of fiscal consolidation and gradually push up the c[...]
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US Treasury eyes effective hike in overseas corporate minimum tax to 21%
WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday said it has proposed raising the effective minimum rate that U.S. corporations pay on overseas income to 21% from about 10.5% as i[...]
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Banks tumble as SVB ignites capitalization fears
By Sinéad Carew (Reuters) – The S&P 500 bank index tumbled nearly 6% on Thursday in its biggest one-day drop in over two years as investors fled the industry following SVB Financial Group[...]
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Investors fear inflation, higher yields may make U.S. equities ‘dead money’
By David Randall NEW YORK (Reuters) -Renewed hawkishness from the Federal Reserve is pushing investors to game out how a regime of “higher for longer” interest rates could weigh on U.S. stocks. Some b[...]
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U.S. household wealth rebounded to $147.7 trillion in 4th quarter
(Reuters) -Rising stock market prices pumped wealth back into Americans’ pockets at the end of last year, but declining property values, slowed credit growth, and a drop in corporate profits may[...]
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US pick to lead World Bank, Ajay Banga, wins more support
WASHINGTON (Reuters) -Three Nobel laureates and dozens of civil society, climate change and philanthropic leaders on Thursday endorsed U.S. President Joe Biden’s nominee to lead the World Bank,[...]
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U.S. job cuts over Jan-Feb hit highest since 2009 – report
By Akash Sriram (Reuters) – Layoffs by U.S. companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of the over 180,000 job cuts[...]
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Analysis-Fate of Tunisia’s stalled IMF loan lies in hands of unwilling president
By Angus McDowall TUNIS (Reuters) – Tunisia’s bailout talks with the International Monetary Fund have looked stalled for months, and there is little sign President Kais Saied is willing to[...]
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