LONDON (Reuters) – The Bank of England must stay the course to ensure the level of inflation falls back to its 2% target, the central bank’s Governor Andrew Bailey said on Thursday.[...]
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May 11, 2023
Yellen warns US default would threaten global economy, undermine its leadership
By Andrea Shalal NIIGATA, Japan (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday urged Congress to raise the $31.4 trillion federal debt limit and avert an unprecedented default that would[...]
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Marketmind: Disinflation cheer, debt cap fear
A look at the day ahead in U.S. and global markets from Mike Dolan Investor relief that ongoing U.S. disinflation takes pressure off the Federal Reserve to resume its 14-month interest rate rise campa[...]
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Analysis-China’s deposit pile stands in the way of recovery
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s increasingly urgent efforts to tip its mountain of savings into the economy are running up against depositors shy of[...]
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Outgoing Thyssenkrupp CEO pledges leadership change won’t slow execution
By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) – Thyssenkrupp’s outgoing Chief Executive Martina Merz sought to assuage investor fears that her exit would slow down the conglom[...]
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Yellen says G7 members looking at how to counter China’s ‘economic coercion’
By Andrea Shalal NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said many members of the Group of Seven advanced economies shared U.S. concerns about China’s u[...]
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Cost of insuring against U.S. default rises to highest since 2009
LONDON (Reuters) – The cost of insuring against a U.S. default rose to its highest since early 2009 on Thursday, in the latest sign of investor nerves over the debt ceiling standoff. U.S. 5-year[...]
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Euro zone consumers raise inflation expectations – ECB survey
FRANKFURT (Reuters) -Euro zone consumers raised their inflation expectations in March for the first time since the autumn, even as the rate of price growth fell and the European Central Bank kept rais[...]
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Brazil’s Haddad raises concerns about economic situation, drought in Argentina
By Andrea Shalal NIIGATA, Japan (Reuters) – Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina’s economic challenges and a major drought there[...]
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