By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar edged higher on Tuesday in choppy trading, with no clear direction, as investors kept an eye on debt ceiling talks to avert a possible[...]
Read more
May 16, 2023
Brazil’s government eyes tax tweaks to boost revenue -sources
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s Finance Ministry is preparing a new set of initiatives to increase tax revenue, including a review of deductions and exemp[...]
Read more
Wall St mixed, Treasury yields climb on mixed data; debt ceiling talks take center stage
By Stephen Culp NEW YORK (Reuters) – The S&P 500 and the Dow lost ground on Tuesday and benchmark Treasury yields continued to climb as mixed economic data, weak corporate results and impend[...]
Read more
US bank regulators vow tougher rules, oversight after bank failures
By Pete Schroeder and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve will unveil its plan to ratchet up capital rules for banks this summer and will ensure supervisors more aggressively police l[...]
Read more
US regional bank shares bounce as debt ceiling overshadows crisis
By Chibuike Oguh and Niket Nishant (Reuters) – Shares of U.S. regional lenders rose on Monday, led by a rebound in PacWest Bancorp, as investors turned their attention to the U.S. debt ceiling d[...]
Read more
Tighter work requirements for welfare programs on table in debt ceiling talks – sources
By Jarrett Renshaw WASHINGTON (Reuters) – Aides for President Joe Biden and Republican House Speaker Kevin McCarthy have been discussing tightening work requirements for food and other programs[...]
Read more
US consumer spending appears solid early in second quarter
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending appears to have increased solidly in April, with households boosting purchases at online retailers as well as spending more at res[...]
Read more
UN forecasts world economic growth of 2.3% in 2023, 2.5% in 2024
UNITED NATIONS (Reuters) – Global economic growth is projected to be 2.3% in 2023, up 0.4 percentage points from a January forecast, and the prediction for 2024 has dropped 0.2 percentage points[...]
Read more
Fed’s Barkin: ‘Comfortable’ with more hikes if needed – Bloomberg TV
(Reuters) – Richmond Federal Reserve President Thomas Barkin on Tuesday he likes the “optionality” implied in the central bank’s latest policy statement, but he is “comfo[...]
Read more