A long-awaited U.S. "open banking" rule that could dramatically boost consumer finance competition and increase Americans' access to financial services is being held up by privacy concerns, according to five people with knowledge of the matter.
The Reserve Bank of India raised its key lending rate by 40 basis points to 4.40% on Wednesday to rein in rising inflation, catching markets by surprise with an unscheduled meeting of its monetary policy committee.
The dollar fell to a one-week low against a basket of currencies on Wednesday after Federal Reserve Chairman Jerome Powell played down the prospect of a 75 basis point rate hike, even as he said the U.S.
U.S. stocks rallied and Treasury yields fell on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance sheet in June in a decision seen as less hawkish than some feared.
U.S. and European equities mostly wavered on Wednesday while Treasury yields moved higher ahead of a widely expected Federal Reserve decision to hike interest rates and reduce liquidity to tame inflation rising at the fastest pace in 40 years.
U.S. stocks initially rose and Treasury yields trimmed gains on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance in June.
European stocks slipped on Wednesday, dented by disappointing earnings and nerves ahead of a policy decision by the U.S.
The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion balance sheet as U.S.
North Korea's office workers and factory labourers have been dispatched to farming areas around the country to join a fight against drought, state media reported on Wednesday, amid concerns over prolonged food shortages.
The highest inflation in decades is unraveling whatever policy consensus there was between the world's major central banks since the Great Financial Crisis and global markets could buckle under resulting waves of stress and volatility.
The highest inflation in decades is unraveling whatever policy consensus there was between the world's major central banks since the Great Financial Crisis and global markets could buckle under resulting waves of stress and volatility.
Staff at Britain's Financial Conduct Authority (FCA) went on strike for the first time on Wednesday as a protracted dispute over pay and union recognition remained unresolved.
The top U.S. securities regulator on Tuesday told companies they may have to disclose the impact Russia's invasion of Ukraine could have on their business, such as on operations or employee bases in either country, or if their assets were nationalized.
European stocks rose on Tuesday after a string of upbeat earnings, while banking shares gained as government bond yields hit fresh highs in anticipation of quicker interest rate hikes by global central banks to tackle surging inflation.
Activist investor Clearway Capital has written to the board of Glanbia calling for a break-up of the Irish nutrition company to help boost its value to more than 6 billion euros ($6.33 billion), a letter seen by Reuters showed.
The price of a major U.S. junk bond exchange traded fund (ETF) fell to its lowest in over two years this week, as concerns over the impact of a hawkish Federal Reserve on the economy led investors to pull out of riskier assets.
U.S. job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help keep inflation uncomfortably high.
Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine and other strains cause even longer delays at ports and drive up costs.
The S&P 500 Index ended higher on Tuesday after a choppy session in which each of the major indexes fluctuated between gains and losses as a key meeting of the Federal Reserve got under way.
U.S. stock indexes were mixed on Tuesday as financial shares rose and megacap growth stocks slid, with investors bracing for a big interest rate hike by the Federal Reserve this week to tame surging prices.
Wall Street stocks ended higher on Tuesday after a choppy session in which each of the major indexes fluctuated between gains and losses as a key meeting of the Federal Reserve got under way.
Wall Street's main indexes rose on Tuesday, as investors picked up shares of financials and beaten-down megacap companies, while staying cautious about the Federal Reserve's ability to tame inflation without impeding growth.
The U.S. dollar slipped against a basket of currencies on Tuesday, as investors evaluated how much of the Federal Reserve's expected move to hike rates this week and beyond was already priced in.
The U.S. dollar fell against a basket of currencies on Tuesday, as investors evaluated how much of the Federal Reserve's expected move to hike rates this week and beyond was already priced in.
Russia was set to swerve a debt default after overdue payments on two of its sovereign Eurobonds were sent to creditors, four sources told Reuters.
A gauge of global equity markets edged higher on Tuesday while 10-year U.S.
British factory activity edged up in April after slowing to its weakest in just over a year in March following Russia's invasion of Ukraine, but manufacturers were wary about the outlook as costs leapt and demand faltered, a survey showed on Tuesday.
North Korea's isolated economy will not be insulated from global economic headwinds caused by the Ukraine war and the COVID-19 lockdowns in China, analysts said, with recently resumed border trade taking a hit and inflation exacerbating food shortages.
Australia's central bank on Tuesday raised its cash rate by a surprisingly large 25 basis points to 0.35%, the first hike in over a decade, and flagged more to come as it pulls down the curtain on massive pandemic stimulus.
Indian financial consultant Waqar Khan has seen his income drop by about a fifth since the coronavirus pandemic began.
