By Michael S. Derby NEW YORK (Reuters) – Leaders of factory and service sector firms in the New York Fed’s district said access to credit has been mostly stable in May over the last three months[...]
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May 16, 2023
Yellen warns US default could trigger recession, ‘break’ financial markets
WASHINGTON (Reuters) – Treasury Secretary Janet Yellen on Tuesday warned that a U.S. default on government debt would leave millions of Americans without income payments, potentially triggering[...]
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UK government rejects criticism that Brexit has failed
LONDON (Reuters) -Britain’s departure from the European Union has not been a failure, Prime Minister Rishi Sunak’s spokesperson said on Tuesday, rebuffing criticism from prominent euroscep[...]
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Column-Yuan won’t be FX reserve currency if no one buys China’s bonds: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – China’s yuan faces significant long-term obstacles to becoming a global reserve currency of any great import, but the biggest challenge in th[...]
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South Africa’s unemployment rate rises amid power crisis
By Kopano Gumbi PRETORIA (Reuters) – South Africa’s unemployment rate rose in the first quarter after declining for four consecutive quarters last year, data showed on Tuesday, as the coun[...]
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Central banks have lost a degree of trust, ECB’s Makhlouf says
DUBLIN (Reuters) – Central banks around the world have lost a degree of trust and need to rebuild it by explaining their decision making to a wider audience and not just financial markets, Europ[...]
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Three in four Americans worry debt-ceiling default could hurt them: Reuters/Ipsos poll
By Andy Sullivan WASHINGTON (Reuters) – Americans are worried about the prospect of the U.S. government defaulting if Congress fails to raise the debt ceiling, but are divided over the action to[...]
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Powell’s legacy tested by inflation, bank crisis, new Fed dynamics
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, who navigated a combative White House and a pandemic in his first years as head of the U.S. central bank, is facin[...]
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Marketmind: Biden, Republicans set for debt ceiling face-off
(Reuters) – A look at the day ahead in U.S. and global markets from Samuel Indyk. Another day, another meeting in Washington. President Joe Biden and senior Republicans, including House Speaker[...]
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