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Economy

Explainer-Charting the Fed’s policy path

BY Reuters  • August 4, 2023August 4, 2023
(Reuters) – Investors are increasingly of a mind that the U.S. Federal Reserve has delivered the final installment of what has been most aggressive policy-tightening cycle in four decades, but c[...]
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Business Economy Updated US

US banks’ residential mortgages face mandates exceeding global standards – Bloomberg News

BY Reuters  • July 19, 2023July 19, 2023
(Reuters) -U.S. bank regulators are set to release their plans next week for a sweeping overhaul of capital rules, with the latest draft including requirements for large lenders’ residential mor[...]
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Business Economy Updated US

Argentina delegation travels to Washington for IMF talks

BY Reuters  • July 18, 2023July 18, 2023
BUENOS AIRES (Reuters) -A delegation from Argentina’s Economy Ministry traveled to Washington on Tuesday to finalize details on the goals and disbursements involved in a $44 billion Internationa[...]
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Bank results lift stocks; Dow up for seventh straight session

BY Reuters  • July 18, 2023July 18, 2023
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks advanced on Tuesday, partly boosted by a round of solid bank earnings which helped put the Dow on track for its longest streak of daily gain[...]
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Business Economy Updated US

Global shares rise, dollar rebounds as Fed seen on target for rate hike

BY Reuters  • July 18, 2023July 18, 2023
By Herbert Lash NEW YORK (Reuters) – The dollar rebounded off a 15-month low and global stock markets rose on Tuesday as upbeat earnings on Wall Street and retail sales pointing to a resilient U[...]
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Asia Business Economy Europe Top News Updated US

Dollar bounces from 15-month low on strong core U.S. retail sales

BY Reuters  • July 18, 2023July 18, 2023
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar rose from a 15-month low against a basket of currencies on Tuesday after core retail sales saw strong gains in June, as investors wait on t[...]
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US retail sales rise moderately; economy plodding along

BY Reuters  • July 18, 2023July 18, 2023
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose less than expected in June as receipts at service stations and building material stores declined, but consumers boosted or maintai[...]
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Business Economy Top News Updated US

Cuba still struggling to earn foreign currency

BY Reuters  • July 18, 2023July 18, 2023
By Marc Frank HAVANA (Reuters) – Cash-starved Cuba fell short of its export and import plans through June of this year amidst grave shortages linked to its dependence on food, fuel and inputs fo[...]
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IMF urges Pakistan to continue monetary policy tightening cycle

BY Reuters  • July 18, 2023July 18, 2023
By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan must continue its monetary tightening cycle, the International Monetary Fund (IMF) said in a staff report on Tuesday, a week after the lend[...]
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