Category Economy

By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central financial institution left its coverage rate of interest unchanged as anticipated on Thursday, a choice designed to assist a wobbly received as Washington’s makes an attempt to reorder…

By Florence Tan SINGAPORE (Reuters) – Oil costs prolonged beneficial properties on Thursday on the prospect of tighter provide after Washington imposed additional sanctions to curb Iranian oil commerce and as some OPEC producers pledged additional output cuts to compensate…

(Reuters) – The Federal Reserve faces an advanced image for coverage selections, Kansas Metropolis Federal Reserve Financial institution President Jeff Schmid mentioned on Wednesday, noting that whereas he’s listening to nervousness about tariffs within the agricultural sector, a current decline…

(Bloomberg) — Shale fracker Liberty Vitality Inc. posted its worst earnings in three years amid plunging oil costs and mounting issues about power demand. Adjusted first-quarter revenue fell to 4 cents a share, in line with an announcement Wednesday, matching…

Reuters Traders are probably the most pessimistic they have been on the financial system in 30 years, per Financial institution of America. They’re additionally gloomy available on the market, with a file share of traders planning to pare inventory holdings.…

President Donald Trump’s important coverage adjustments, together with on tariffs, are not like something seen in fashionable historical past, placing the Federal Reserve in uncharted waters, Chair Jerome Powell stated Wednesday. “These are very elementary coverage adjustments,” Powell stated at…

US shares had been decrease Wednesday as traders grappled with continued uncertainty round President Donald Trump’s tariffs. – Brendan McDermid/Reuters US shares fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in trendy…

(Bloomberg) — US Treasuries rallied for a 3rd day as Federal Reserve Chair Jerome Powell mentioned the central financial institution will intention to stop tariffs from resulting in stickier inflation. The five-year be aware led positive aspects within the US…

By Ann Saphir (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday reiterated the long-held view of Fed chairs going again many years that progress within the U.S. federal debt must be reined in, however he instructed that politicians are…

Earlier this month, Mr Trump claimed it was the “good time” for Mr Powell to chop rates of interest and accused the Fed chairman of “enjoying politics”. Learn the newest updates under. Thanks for becoming a member of us right…