Category Archives:
Fed’s Mester sees policy rate going over 5% because of high inflation
By Michael S. Derby NEW YORK (Reuters) - Cleveland Federal Reserve President Loretta Mester said on Thursday the U.S. central bank still has more interest rate increases ahead of it, while noting the ...
Apr 20, 2023
Ferragamo sales decline slightly in Q1 as U.S. weighs
MILAN (Reuters) -Sales at Italian luxury group Salvatore Ferragamo declined by 6.5% at constant exchange rates in the first quarter hit by a slowdown in the U.S. market, the company said on Thursday. ...
Apr 20, 2023
Yellen raps China for serving as ‘roadblock’ in debt restructuring process
By Andrea Shalal WASHINGTON (Reuters) - As the world's largest official bilateral creditor, China should participate in meaningful debt relief for countries facing problems, but it has served for too ...
Apr 20, 2023
Fed in discussions with banks about managing risks of AI: Waller
(Reuters) - The Federal Reserve has "regular discussions" with the banks it supervises about managing the risks associated with artificial intelligence, as more financial institutions utilize AI for c...
Apr 20, 2023
Salvadoran spreads tighten on IMF deal bets, bonds remain distressed
NEW YORK (Reuters) - Salvadoran bond spreads narrowed on Wednesday to their tightest since December 2021 in a rally triggered by hopes a key new adviser to the finance ministry would be able to help s...
Apr 20, 2023
Deutsche Bank Russian profits leapt in 2022, even as assets dropped
(Reuters) - Deutsche Bank's Russian subsidiary's profits jumped by almost six times in 2022 to 5.4 billion roubles ($66.42 million), Russian audit documents showed, the latest example of a foreign len...
Apr 20, 2023
US, memory chipmaker Micron settle claim of immigration-related discrimination
WASHINGTON (Reuters) - The U.S. Justice Department said on Thursday it reached a settlement with memory chipmaker Micron Technology Inc to resolve an allegation of immigration-related employment discr...
Apr 20, 2023
Biden’s labor nominee accused in Senate hearing of harming Uber, Lyft, others
By Nandita Bose WASHINGTON (Reuters) -President Joe Biden's nominee for U.S. labor secretary, Julie Su, was attacked by Republican lawmakers as she testified before a Senate panel on Thursday for alle...
Apr 20, 2023
Emergent aims to price over-the-counter Narcan at about $50
(Reuters) - Contract drugmaker Emergent BioSolutions Inc said on Thursday it is aiming to price the over-the-counter (OTC) version of its opioid overdose reversal drug Narcan at around $50 per carton....
Apr 20, 2023
Argentina central bank to debate rate hike, no decision yet made – sources
By Eliana Raszewski, Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) - Argentina's central bank board will debate a possible interest rate adjustment at their weekly meeting on Thursday as the ...
Apr 20, 2023
Peoria, IL, USA
42 °F Light Rain, Mist
