Category Archives:
Fed’s Daly: let’s get U.S. interest rates to 2.5% as quickly as we can
(Reuters) - The Federal Reserve should get interest rates up to a level that no longer stimulates the economy as quickly as possible including 50-basis-point hikes at the central bank's next two meeti...
Jun 01, 2022
Fed’s Williams: “Critical” central banks understand impact of digital money
By Howard Schneider NEW YORK (Reuters) - The development of digital currency and payments technologies could change how the Federal Reserve conducts monetary policy and the composition of its balance ...
Jun 01, 2022
Russia’s post-Feb. 24 economic data paints mixed picture
(Reuters) - Russia's decision to send tens of thousands of troops into Ukraine on Feb. 24 and subsequent sanctions from the West have raised fears of an imminent economic crisis, but official data on ...
Jun 01, 2022
Russia records zero weekly inflation as another rates meeting looms
(Reuters) - Russia recorded a zero increase in consumer prices after modest deflation the week before, data showed on Wednesday, ahead of the central bank's rate-setting meeting scheduled for June 10....
Jun 01, 2022
No ‘red line’ against central bank digital currency, BoE’s Hauser says
LONDON (Reuters) - A central bank digital currency would not pose an excessive challenge for the Bank of England's operations, Andrew Hauser, the BoE's executive director for markets, said on Wednesda...
Jun 01, 2022
Russia in “failure to pay” credit event, investor committee says
By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON (Reuters) - A panel of investors on Wednesday determined Russia had triggered a credit event after it failed to pay nearly $1.9 million in in...
Jun 01, 2022
Cholita Mona Lisa: Bolivian artist gives famed portrait indigenous makeover
By Monica Machicao KALLA BAJA, Bolivia (Reuters) - High in Bolivia's Andean mountains, surrounded by small thatched roofed houses and sheep, Claudia Callizaya, 32, makes the final brushstroke to her n...
Jun 01, 2022
3M expects $300 million revenue hit from China COVID lockdowns
(Reuters) - Industrial conglomerate 3M CO on Wednesday warned of a $300 million hit to revenue in the current quarter as COVID lockdowns in China slam demand and worsen supply chain issues. The compan...
Jun 01, 2022
Trolling and safety fears plague many young women online, UK study finds
LONDON (Reuters) - Young women are more concerned about the mental health impact of being online than other internet users, with many citing personal safety fears and the harm caused by trolling, a st...
Jun 01, 2022
Wells Fargo CEO sees $1 billion opportunity in growing investment bank
By Elizabeth Dilts Marshall and Niket Nishant NEW YORK (Reuters) - Wells Fargo & Co's Chief Executive Officer Charlie Scharf said Wednesday he wants to grow Wells' corporate and investment banking bus...
Jun 01, 2022
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