Economy News

By Jeff Mason WASHINGTON (Reuters) -President Joe Biden on Friday pledged to "have a discussion" with House of Representatives Speaker Kevin McCarthy on U.S. debt amid a looming...

By Lewis Krauskopf NEW YORK (Reuters) - A spate of earnings reports in coming weeks is set to test a recent bounce in technology and other megacap stocks, a category whose...

By Andrea Shalal and Jeff Mason DAKAR/WASHINGTON (Reuters) -Treasury Secretary Janet Yellen on Friday warned that the U.S. government cannot choose to pay some bills over others...

LONDON (Reuters) -Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China's easing of its COVID-19...

By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Profit taking dampened a dollar surge against the yen on Friday, but the buck ended higher and still logged the...

By Caroline Valetkevitch NEW YORK (Reuters) - Global equity indexes rose sharply on Friday, with Wall Street rallying after a jump in Netflix and Alphabet (NASDAQ:GOOGL) shares,...

By Trevor Hunnicutt WASHINGTON (Reuters) - The White House is refusing to negotiate with hardline Republicans on raising the debt ceiling because it believes enough of them will...

WASHINGTON (Reuters) - U.S. House Speaker Kevin McCarthy said on Friday he would accept an invitation from President Joe Biden to sit down and discuss how to raise the U.S. debt...

WASHINGTON (Reuters) -U.S. regulators asked a federal judge on Friday to hold Martin Shkreli in contempt for allegedly impeding its efforts to determine whether he flouted a ban...

(Reuters) - The Federal Reserve can probably start to slow its balance sheet runoff once bank reserves fall to around 10% or 11% of gross domestic product, Fed Governor...

By Howard Schneider and Ann Saphir (Reuters) -U.S. Federal Reserve Governor Christopher Waller, one of the leading inflation hawks and an advocate last year of aggressive rate...

By Steve Holland and Jeff Mason WASHINGTON (Reuters) - The United States will impose additional sanctions next week against Russian private military company the Wagner Group,...

By Blake Brittain (Reuters) - Samsung Electronics (OTC:SSNLF) Co failed to convince an East Texas federal court on Friday to pause the California Institute of Technology's...

By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) - Kenya's central bank expects inflation to fall within its target range during the first quarter of...

By Howard Schneider WASHINGTON (Reuters) - The Federal Reserve is set to again slow the pace of its interest rate increases at a Jan. 31-Feb. 1 policy meeting while also signaling...

By Vivian Sequera and Mayela Armas CARACAS (Reuters) -Venezuela's opposition is discussing how it might move frozen funds in foreign bank accounts into a proposed United...

VIENNA (Reuters) - European Central Bank policymaker Robert Holzmann expects at least two interest-rate increases of 50 basis points each in the first half of this year, he said...

By Sethuraman N R BENGALURU (Reuters) -Reliance Industries Ltd on Friday reported a bigger-than-expected drop in quarterly profit as India's biggest company by market valuation...

By Elizabeth Howcroft and Hannah Lang (Reuters) -U.S. crypto company Digital Currency Group (DCG) is at the center of the industry's latest meltdown after the lending arm of one...

By Brenda Goh and Lananh Nguyen DAVOS, Switzerland (Reuters) - China's declaration that it is open for business was welcomed by attendees at the World Economic (WEF) as a likely...

By Ismail Shakil OTTAWA (Reuters) - Canadian retail sales edged down 0.1% in November from the previous month before bouncing back in December, data published on Friday showed,...

By Nelson Bocanegra BOGOTA (Reuters) - Colombia's central bank board will once again raise its benchmark interest rate at its meeting next week on persistent inflation which has...

(Reuters) -U.S. wireless carrier T-Mobile said on Thursday it was investigating a data breach that may have exposed 37 million postpaid and prepaid accounts, and hinted at...

By Medha Singh (Reuters) -Shares of U.S. grocers, packaged food companies and supermarkets were lagging in the first three weeks of 2023, in a sharp contrast to last year, as...

(Bloomberg) -- Kansas City Fed President Esther George, who is retiring this month, said officials don’t want to raise interest rates by so much that policy becomes overly...

By Giuseppe Fonte ROME (Reuters) - Italian Economy Minister Giancarlo Giorgetti wants to reorganise his ministry, creating a new department to manage state-owned firms and banking...

(Reuters) - Failure to increase the U.S. debt ceiling would have serious repercussions for the United States and the global economy, an International Monetary Fund spokesperson...

DAVOS, Switzerland (Reuters) - Talent shortages in key sectors are likely to remain a feature of Western economies left with persistently tight labour markets in the wake of the...

(Bloomberg) -- Forecasters now expect US economic activity to contract over consecutive quarters in the middle of this year as steep interest-rate hikes from the Federal Reserve...

By Chiara Elisei LONDON (Reuters) - Junk-rated companies in Europe have raised $1.4 billion from bond sales this month as investors return to riskier debt after rising interest...

By Huw Jones LONDON (Reuters) - Frankfurt expands derivatives clearing on Monday in an early test of how well European Union ambitions to lure trillions of euros of business from...

By Mark John and Brenda Goh DAVOS, Switzerland (Reuters) - The year ahead looks better than feared for the global economy but remains fraught with risks including escalation of...

By Swathi Nair BENGALURU (Reuters) - The Bank of Canada will hike its key interest rate by a modest quarter point to 4.50% on Jan. 25 and then hit pause on an aggressive...

By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) - Ingka Group, the owner of most IKEA stores, sees demand in Europe to continue rising in the current fiscal year,...

By Divya Chowdhury and Nishara Karuvalli Pathikkal DAVOS, Switzerland (Reuters) - Holcim (SIX:HOLN) expects the U.S. Inflation Reduction Act (IRA) to provide strong momentum for...