WASHINGTON (Reuters) – Andrea Gacki, a veteran U.S. Treasury official who helped design Washington’s Russia sanctions strategy, has been appointed director of the department’s Financ[...]
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Politics
Marketmind: Markets bet July 2023 is ‘peak Fed’
A look at the day ahead in U.S. and global markets from Mike Dolan Surprise news of a 2%-plus print on U.S. headline inflation rate for June has world markets betting the peak of the Federal Reserve[...]
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US lawmakers seek to lower biofuel blending compliance costs
By Stephanie Kelly NEW YORK (Reuters) – A bipartisan group of U.S. lawmakers introduced legislation this week directing the Biden administration to allow oil refiners to purchase compliance cred[...]
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Bank of Canada hikes rates, says prepared to raise them further
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -The Bank of Canada on Wednesday hiked its key overnight rate by a quarter of a percentage point to a 22-year high of 5.0%, and said it could raise[...]
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Germany plans to offer companies $6.6 billion a year in tax relief
BERLIN (Reuters) -Germany’s finance ministry plans to offer companies a tax relief package of around 6 billion euros ($6.61 billion) per year against the backdrop of a difficult economic environ[...]
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Bank of Canada hikes growth forecast and says inflation slowing only gradually
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in April, as excess demand continues feed underlying inflat[...]
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Local markets more upbeat about Brazil’s economy under Lula, poll shows
SAO PAULO (Reuters) – Financial market participants in Brazil are increasingly optimistic about the country’s economic prospects under leftist President Luiz Inacio Lula da Silva, a poll s[...]
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Yellen raised China’s hopes for tariff cut; U.S. politics will crush them
(Clarifies paragraph 4 by restoring missing words) By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen’s trip to China has raised hopes in Beijing that T[...]
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Marketmind: Dollar swoons in upbeat inflation vigil
A look at the day ahead in U.S. and global markets from Mike Dolan World markets leaned positively into another critical U.S. inflation report later on Wednesday, seeding a dollar slide to two-month l[...]
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