By Ann Saphir, Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden on Friday nominated Federal Reserve Governor Philip Jefferson to be the central bank’s vice chair, a ke[...]
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May 12, 2023
World Bank’s Malpass: U.S. debt limit standoff adds to global economic woes
By Andrea Shalal NIIGATA, Japan (Reuters) -The risk of a U.S. payments default is adding to problems facing a slowing global economy, with rising interest rates and high debt levels already choking ba[...]
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Stocks slip as US consumer confidence slumps, dollar gains
By Herbert Lash NEW YORK (Reuters) -The dollar rose on Friday but a gauge of global stocks retreated on a report that showed U.S. consumer sentiment slumped to a six-month low in May, reinforcing bear[...]
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U.S. bank deposits rise in early May, lending little changed at record high
(Reuters) – Deposits at U.S. banks climbed in early May, ticking up from the lowest level in nearly two years while bank lending was little changed at a record level, Federal Reserve data releas[...]
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Debt ceiling worries deepen as early June U.S. default reinforced
By Richard Cowan WASHINGTON (Reuters) – The Washington standoff over raising the U.S. government’s $31.4 trillion borrowing limit is adding to global economic worries, as a new non-partisa[...]
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Argentina inflation smashes past every forecast to hit 109%
By Miguel Lo Bianco and Hernan Nessi BUENOS AIRES (Reuters) -Argentina’s annual inflation rate soared to 109% in April, the country’s statistics agency said on Friday, smashing past analys[...]
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Dollar on pace for biggest weekly rise since February
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Friday, and was on track for its biggest weekly gain since February, as investors shifted to safe hav[...]
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US extends certain COVID-related exclusions from China tariffs
(Reuters) – The U.S. Trade Representative’s Office said on Friday it was extending exclusions from tariffs for 77 of 81 Chinese medical product import categories related to the COVID-19 pa[...]
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Resolve debt limit dispute or no pay for U.S. lawmakers, House Democrat says
By Moira Warburton WASHINGTON (Reuters) – Lawmakers in the U.S. Congress should have their pay frozen until the fight over whether to increase the country’s debt ceiling is resolved, Democ[...]
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