WASHINGTON (Reuters) -President Joe Biden and top Republican lawmakers met at the White House for less than an hour on Tuesday to break a deadlock over raising the $31.4 trillion U.S. debt limit, and[...]
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May 16, 2023
Turkey’s market rout deepens after Erdogan’s strong election showing
By Libby George and Canan Sevgili LONDON (Reuters) -Turkey’s market rout deepened on Tuesday amid investor expectations that President Tayyip Erdogan could be able to extend his rule – and[...]
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US government CDS spreads decline as debt ceiling negotiations progress
NEW YORK (Reuters) – A measure of the cost to insure exposure to U.S. government debt declined on Tuesday as Democratic President Joe Biden and top congressional Republican Kevin McCarthy edged[...]
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IMF backs Brazil’s fiscal reform, ‘ambitious’ green agenda
By Brendan O’Boyle and Carolina Pulice (Reuters) -The International Monetary Fund on Tuesday said it “strongly supports” Brazil’s efforts to improve the country’s fiscal[...]
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Marketmind: Eyes on Japan GDP, China losing steam
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Japan’s first quarter GDP figures are the highlight for Asian markets on Wednesday, with the wor[...]
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Ex-bank executive steps down from NY Fed board
By Michael S. Derby (Reuters) – Several days after ending his leadership role at a small New York State bank holding company, Thomas Murphy has also exited the board that oversees the Federal Re[...]
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Nearly 6 million Britons missed payments on bills, regulator says
By Suban Abdulla LONDON (Reuters) – Millions of British borrowers repeatedly missed payments on bills in the six months to January amid the steep surge in the cost of living and higher interest[...]
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Oil dips as weaker China, US economic data offset IEA demand forecast
By Stephanie Kelly NEW YORK (Reuters) – Oil futures dipped on Tuesday as weaker-than-expected economic data in China and the United States offset a forecast of higher global demand from the Inte[...]
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US Fed’s Logan says ‘smaller, less frequent’ hikes may be safer for stability
AMELIA ISLAND, Florida (Reuters) – Changing interest rates in “smaller, less frequent steps” can make it less likely that U.S. Federal Reserve monetary policy causes financial instab[...]
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