The Organisation for Economic Co-operation and Development this week noted a decline in development aid for Africa last year -- while it surged for Ukraine.
British homes sales recovered to within a whisker of pre-pandemic levels in March, representing a recovery from September when the failed economic plan of former prime minister Liz Truss sparked turmoil across markets, a survey showed on Wednesday.
The Fed is now allowing just shy of $100 billion per month in bonds it owns to expire and not be replaced.
Cannabis company Greenlight said on Tuesday it has issued a dividend to its shareholders, calling the move a first by a large multi-state operator.
Barry Sternlicht has thrown jabs at the Fed over the past months, calling out the government's methods in reporting rental data.
Americans said last month that access to credit was at its toughest level in nearly a decade, as they also braced for higher levels of inflation over the next few years, a report from the New York Fed said Monday.
World Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward to 2% from a January forecast of 1.7% but the slowdown from stronger 2022 growth will increase debt distress for developing countries.
Oil prices nudged higher in early Asian trade on Monday, supported by the prospect of tighter supplies from OPEC+ producers from May, but concerns about the global economic outlook capped gains.
Will historic gains for Black workers be eroded by the economic downturn?
Home prices reportedly lagged inflation by 2.5% between July 2022 and January 2023.
Bullard said this week's better-than-expected report on labor market openings still showed a job market that remained very strong by historical standards.
Oil prices eased in early Asian trade on Thursday after weak U.S. job openings data signalled cooling economic conditions which may hit demand.
Change of control approvals by regulators typically can take up to 60 working days to secure in Britain.
A slump in U.S. manufacturing activity in March to its lowest level in nearly three years, and weak manufacturing activity in China last month have raised concerns about oil demand.
Wall Street's main indexes were muted on Tuesday as investors awaited key economic data that could decide the U.S.
The easing of inflation comes at a time when higher interest rates have begun to take their toll on the nation's regional banks.
The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose a threat to growth, Italy's economy minister said on Saturday, sending a warning to the European Central Bank (ECB).
The International Monetary Fund (IMF) executive board approved changes to Argentina's reserves accumulation target set in their $44 billion program, as the agriculture powerhouse faces a severe drought seen pummeling both exports and economic growth.
Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid.
The International Monetary Fund (IMF) approved Argentina's fourth review under its $44 billion loan program on Friday, unlocking the disbursement of $5.4 billion to the indebted country, the lender said in a short statement.
Wall Street's main indexes climbed on Thursday as fears of a banking crisis eased, with rate-sensitive realty and technology stocks leading gains ahead of key inflation data that could shape the Federal Reserve's policy path.
By Laura SanicolaCrude prices moved in a narrow range in early Asian trade on Tuesday after rallying in the previous session, with oil markets focused on developments in the banking crisis as well as on supply concerns and indications of strengthening demand.
Fed Vice Chair for Supervision Michael Barr said SVB's collapse was a "textbook case of mismanagement," citing the firm's concentrated business model and exceedingly fast growth.
Fighting the Fed is a bad idea on Wall Street. It can be harmful to traders and investors who do just that.
Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe.
Investors are settling in for a long slog in the U.S. stock market in coming months, braced for more tumult in the banking sector and worries over how the Federal Reserve's tightening will ripple through the economy.
The response of U.S. regulators to recent bank stress was strong and fast enough to contain the damage and let Federal Reserve interest rate policy continue to focus on lowering inflation, St.
The Federal Reserve once again raised interest rates by 25 bps during its meeting on Wednesday with FOMC chair Jerome Powell noting that "we no longer expect that ongoing rate increases will be appropriate."
U.S. motorists face a repeat of last summer's high gasoline prices, analysts warned on Wednesday, with fuel stockpiles heading towards multi-year lows ahead of the peak summer driving season that begins in two months.
The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two U.S.
