By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said its executive board on Friday approved rule changes that would allow the IMF to approve new loan programs for countries facin[...]
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March 17, 2023
S&P, Moody’s positive on Saudi Arabia’s non-oil reforms
(Reuters) – S&P Global on Friday raised its sovereign rating on Saudi Arabia to “A/A-1”, citing expected reform and diversification plans to boost development of the kingdom[...]
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Wall Street ends sharply lower on bank contagion fears
By Stephen Culp NEW YORK (Reuters) – Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis in the banking sector and the gathering storm cloud[...]
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IMF’s Georgieva to travel to China at end of March-IMF sources
By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva will travel to China from March 24 to March 30, IMF sources told Reuters on Friday. Geo[...]
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‘That’s a lie’ accusation obscures bipartisan Social Security reform talks -sources
By Richard Cowan WASHINGTON (Reuters) – A Republican U.S. senator’s accusation on Thursday that Treasury Secretary Janet Yellen had lied during a tussle over the future of the Social Secur[...]
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Global equities fall, gold surges as banking worries linger
By Chris Prentice and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Investor sentiment remained fragile on Friday despite massive rescue for the banking sector, leaving global equities under pr[...]
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Uber challenge to California contractor law revived by U.S. appeals court
By Daniel Wiessner (Reuters) -A U.S. appeals court on Friday revived a lawsuit by Uber Technologies Inc and subsidiary Postmates Inc challenging a California law that would require them to provide mor[...]
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Brazil’s Finance Ministry cuts 2023 GDP due to high interest rates
BRASILIA (Reuters) -Brazil’s Finance Ministry on Friday reduced its estimates for economic growth this year citing the impact of higher basic interest rates on activity and credit, and it said i[...]
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Dollar slips as banking turmoil snares markets
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar fell on Friday as further declines in the shares of Credit Suisse and First Republic Bank rattled markets fearful of contagion a[...]
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