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IMF urges Fed to raise rates more, stating "The job is not quite yet done"
Banking

IMF urges Fed to raise rates more, stating "The job is not quite yet done"

The International Monetary Fund said Friday in a new report that the…
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Pete Sadler
Investors foresee increased interest rates amidst growing inflationary pressures
Banking

Investors foresee increased interest rates amidst growing inflationary pressures

Stronger than expected US inflation and a bump in consumer spending have…
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Pete Sadler
China's industrial profits suffer an 18% decline in April due to sluggish demand
News

China's industrial profits suffer an 18% decline in April due to sluggish demand

Profits at China’s industrial firms slumped in the first four months…
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Pete Sadler
India central bank likely to reduce rates by end of financial year, predicts Kotak Bank treasury chief
Banking

India central bank likely to reduce rates by end of financial year, predicts Kotak Bank treasury chief

The Reserve Bank of India (RBI) may cut interest rates only towards…
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Pete Sadler
Treasury Secretary Yellen sets June 5 as final day to raise debt ceiling
News

Treasury Secretary Yellen sets June 5 as final day to raise debt ceiling

U.S. Treasury Secretary Janet Yellen on Friday set a deadline for…
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Pete Sadler
Inflation heats up in April, prompting Fed to face critical questions
Banking

Inflation heats up in April, prompting Fed to face critical questions

Inflation ran hotter than expected in April, coming in above expectations, according…
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Pete Sadler
Climate change projected to fuel inflation in the next decade, warns ECB
Banking

Climate change projected to fuel inflation in the next decade, warns ECB

Climate change will increase global inflation by as much as one percentage…
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Pete Sadler
Credit Suisse Directed to Pay $926 Million in Georgia Prime Minister Case
Banking

Credit Suisse Directed to Pay $926 Million in Georgia Prime Minister Case

Credit Suisse CSGN.Shas been ordered to pay $926 million compensation after…
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Pete Sadler
Reuters Poll: Kenya's Central Bank to Keep Rates Unchanged at 9.50% on May 29
Banking

Reuters Poll: Kenya's Central Bank to Keep Rates Unchanged at 9.50% on May 29

Kenya’s central bank will hold interest rates at 9.50% on…
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Pete Sadler
Bank of Japan Expected to Maintain Yield Curve Control until 2024, According to Reuters Survey
Banking

Bank of Japan Expected to Maintain Yield Curve Control until 2024, According to Reuters Survey

The Bank of Japan (BOJ) will likely maintain its yield curve control…
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Pete Sadler
Tokyo Inflation Decelerates, Aligning with BOJ's Current Price Outlook
Banking

Tokyo Inflation Decelerates, Aligning with BOJ's Current Price Outlook

Inflation in Tokyo slowed in May, an outcome that offers support for…
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Pete Sadler
Fed Interventions Gain Spotlight as US Faces Impending Debt Deadline and Default Risk
Banking

Fed Interventions Gain Spotlight as US Faces Impending Debt Deadline and Default Risk

Evidence that Federal Reserve policymakers recently discussed potential interventions in markets after…
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Pete Sadler
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