Result Page 37 for Latest Economy & Markets News & Archive

A cargo ship and containers are seen at an industrial port in Tokyo

Japan Upgrades Q2 GDP As Easing COVID Curbs Lift Spending

Japan's economy grew more than initially reported in the second quarter, as the lifting of local COVID-19 restrictions boosted consumer and business spending.

12 Cheapest US Cities To Live In With Lowest Cost Of Living

With rising inflation rates, many choose to move to cheaper U.S. cities. Here are some places to consider for their lowest cost of living.

ECB Poised For Another Big Rate Hike As Inflation Soars

President of ECB Christine Lagarde addresses a news conference in Frankfurt

The European Central Bank will raise interest rates again on Thursday to fight runaway inflation and, with a big move and a record one under consideration, the only question is by how much.

U.S. Senate Banking Committee hearing on Capitol Hill in Washington

Fed's Brainard Says Inflation Fight Will Last "as Long As It Takes"

The U.S. Federal Reserve will maintain tight monetary policy "for as long as it takes to get inflation down" Fed Vice Chair Lael Brainard said Wednesday in the central bank's latest affirmation that fighting price pressures is its chief priority.

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A Bank of America building is seen in Los Angeles

Ambac's $2.7 Billion Mortgage Case Against Bank Of America Heads To Trial

The trial in Ambac Financial Group Inc's $2.7 billion case against Bank of America is expected to begin in New York state court on Wednesday, 12 years after the bond insurer sued over troubled mortgage-backed securities issued before the 2008 financial crisis.Starting in 2004, Ambac insured securities backed by 375,000 home loans from the bank's Countrywide unit.

A sign for the Wall Street subway station is seen in the financial district in New York

U.S. Fed's New Supervision Chief Barr To Lay Out Vision For Wall Street Oversight

The U.S. Federal Reserve's new regulatory chief Michael Barr will on Wednesday outline his plan for overseeing Wall Street banks and reviewing regulations, in his first public remarks since joining the central bank in July.

U.S. Treasury Secretary Janet Yellen holds a news conference at the U.S. Treasury Department in Washington

Biden's Economic Plans Will Shift Investment To 'Forgotten' U.S. Cities -Yellen

The Biden administration's recently enacted spending plans for green energy, technology and infrastructure will shift investment more broadly across the United States, not just to prosperous coastal cities, Treasury Secretary Janet Yellen plans to argue on Thursday.

German share price index DAX graph is pictured at the stock exchange in Frankfurt

European Shares Fall As Miners Tumble On Weak China Demand

European shares fell on Wednesday, with miners leading losses, as investors fretted over global demand outlook for metals following lacklustre trade data from China, while Ubisoft slid as a deal with Tencent dampened its buyout prospects.

Russian President Vladimir Putin meets with Myanmar's Prime Minister Min Aung Hlaing in Vladivostok

Putin Says Russia Has Gained, Not Lost, From Intervening In Ukraine

President Vladimir Putin said on Wednesday that Russia had not lost anything in a global confrontation with the United States over the conflict in Ukraine but had actually gained by setting a new sovereign course that would restore its global clout.

British pound coins are seen in front of displayed stock graph in this illustration

Murmurs Of 'Sterling Crisis' No Longer Fanciful: Mike Dolan

Even though fears of another "sterling crisis" have been wide of the mark for decades, they are harder to bat away this time around as a fourth British prime minister in six years takes the helm.

Illustration picture of Japanese yen coins and banknotes

Japan's Ex-FX Diplomat: No Need For Intervention To Back Yen

Japan need not intervene in the exchange-rate market to stem yen falls, as such a move would be ineffective in countering broad dollar gains, former top currency diplomat Hiroshi Watanabe told Reuters on Wednesday.

Bank of Thailand Governor Sethaput Suthiwartnarueput speaks during his first briefing on the economy and monetary policy after taking office in Bangkok

Thai Central Bank To Hike Rates Gradually To Contain Inflation - Chief

Thailand's central bank will raise interest rates gradually to curb inflation and ensure a smooth recovery as the economy is expected to return to pre-pandemic levels late this year or early next year, its governor said on Wednesday.

Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa

Bank Of Canada Seen Set For Another Jumbo Hike In Inflation Fight

The Bank of Canada is widely expected to announce another supersized interest rate increase on Wednesday as it battles to curb inflation at a near-four-decade high, with all eyes on the statement for any change to its aggressive stance.

Bank of Japan new policy board members Goushi Kataoka attends a news conference in Tokyo

BOJ To Keep Low Rates Even As Inflation Seen Hitting 3% - Ex-central Bank Policymaker

The Bank of Japan (BOJ) will likely maintain its massive stimulus even as inflation is seen reaching 3% in coming months, to ensure domestic demand strengthens enough to offset a hit from slowing global growth, former BOJ board member Goushi Kataoka told Reuters.

A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu

More Trouble Ahead For Bruised Indian Rupee - Reuters Poll

India's battered rupee will trade not far from its lifetime low against the U.S.

Asian Stocks, Currencies Fall As Strong Data Fans Hawkish Fed Bets

Asian stocks fell on Wednesday as investors failed to find any cheer in strong U.S.

The Federal Reserve hopes to avoid causing a recession as it fights record US inflation

A Eurozone Recession And Slower Chinese Growth Could Ease The Pace Of Fed Hikes

For different reasons, China, the world's second-largest economy, and the eurozone, the world's second-largest economy, aren't doing well these days.

Dollar Hits Fresh Peak Against Yen On Bets For Aggressive Fed

The dollar hit a 24-year peak against the yen and reached new highs versus the Australian and New Zealand dollars on Wednesday after U.S.

An oil pump jack pumps oil in a field near Calgary

Oil Falls On Renewed Demand Concerns, Rate Hike Expectations

Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth.

People shop in a grocery store in Manhattan, New York City

U.S. Bank CEOs Say Consumers And Businesses Are Still In Good Shape

U.S. consumers and businesses are still in good financial shape despite high inflation and concerns about a looming recession, some of the nation's top bankers told a conference in New York on Tuesday.

EU Commissioner McGuinness and U.S. Deputy Secretary of the Treasury Adeyemo give a joint news conference, in Brussels

U.S. Treasury Seeking Simple Russian Oil Price Cap Compliance Regime -Adeyemo

The U.S. Treasury is seeking to design a simple compliance regime for enforcing a price cap on Russian oil exports and hopes that China and India join the coalition or at least take advantage of it, Deputy Treasury Secretary Wally Adeyemo said on Tuesday.

Sign of U.S LNG company Cheniere is seen at the registration counter at the International Conference & Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai

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