Waller signals Fed is open to bigger cuts
Federal Reserve Governor Christopher Waller said today that the current economic data warrants action, suggesting that the Federal Reserve is…
Wall Street reacts to today’s NFP report: 25 or 50bps cut by the Fed?
The U.S. Bureau of Labor Statistics (BLS) reported that nonfarm payrolls increased by 142,000 in August, a figure that fell…
Factbox-Which Volkswagen factories in Germany could be hit by layoffs or closed?
(Reuters) -Volkswagen said it plans to end its job security programme – which has been in place since 1994 and…
After negotiating Brexit, Michel Barnier tasked with propping up Macron
By Gabriel Stargardter PARIS (Reuters) – After making his name negotiating Brexit, one of the messiest muddles Brussels has faced…
Factbox-Michel Barnier’s first challenges as France’s new PM
PARIS (Reuters) – French conservative Michel Barnier, named prime minister by President Emmanuel Macron on Thursday, faces an overflowing in-tray…
US bank profits jump 11% in Q2 2024 as expenses shrink, FDIC says
WASHINGTON (Reuters) – The U.S. banking industry recorded $71.5 billion in profits in the second quarter of 2024, an 11.4%…
Ghana launches restructuring offer for $13 billion of its bonds
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana invited holders of roughly $13 billion of its international bonds to swap…
Cable news channel Newsmax confidentially files for US IPO
(Reuters) -Conservative U.S. cable news channel Newsmax said on Thursday it had confidentially filed for an initial public offering in…
Central American development bank sues former president in US court
(Reuters) – The Central American Bank for Economic Integration (CABEI) has filed a lawsuit against its former president in a…
Brazil’s central bank sees stronger growth, higher FX since latest policy meeting
BRASILIA (Reuters) – Brazil’s central bank’s director of economic policy said on Thursday that since their latest interest rate-setting meeting,…