By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar’s dominance in international trade and finance will persist for decades despite new challenges and even when a more multipolar cur[...]
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May 25, 2023
Exclusive-Slimmed-down U.S. debt ceiling deal takes shape -sources
By Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) -U.S. President Joe Biden and top Republican lawmaker Kevin McCarthy are edging close to a deal on the U.S. debt ceiling, with the parties just[...]
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Fed’s Collins open to pausing rate hikes at June meeting
By Michael S. Derby NEW YORK (Reuters) – Boston Federal Reserve President Susan Collins said on Thursday the time may be at hand for the U.S. central bank to push the pause button on its interes[...]
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Brazil inflation hits 2-1/2 year low; cenbank pressured to lower rates
SAO PAULO (Reuters) – Inflation in Brazil continued to slow down in early May, data from statistics agency IBGE showed on Thursday, in a move that surprised markets and is likely to put more pre[...]
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South Africa lifts interest rates to 14-year high to fight inflation
By Anait Miridzhanian, Bhargav Acharya and Kopano Gumbi PRETORIA (Reuters) -South Africa’s central bank raised its main interest rate on Thursday to a 14-year high, a move Governor Lesetja Kgany[...]
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U.S. pending home sales unchanged in April
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes were unchanged in April amid tight inventory, which could delay a recovery in the housing market. The National Association of[...]
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German economy entered recession as inflation hurt consumers
BERLIN (Reuters) – The German economy was in recession in early 2023 after household spending in Europe’s economic engine finally succumbed to the pressure of high inflation. Gross domesti[...]
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Pakistan cuts growth forecast, foreign exchange reserves drop
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan has cut its GDP growth estimate for fiscal year 2022-23 to 0.29%, from an earlier estimate of 2%, the national accounts committee said, with a cont[...]
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First Republic Bank paid some employees salaries of more than $10 million before collapse – Bloomberg News
(Reuters) – First Republic Bank was paying dozens of employees more than $10 million apiece annually in the heyday before its collapse, Bloomberg News reported on Thursday, citing people familia[...]
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