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Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.
DAKAR (Reuters) – West Africa’s central financial institution, the BCEAO, saved its principal lending fee unchanged at 3.50% in a call introduced in an announcement on Wednesday.
Investing.com — Federal Reserve Chair Jerome Powell mentioned the Fed can take a “little extra cautious” method in chopping charges towards impartial because the economic system stays in fine condition. “We will afford to be a bit extra cautious as…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell stated on Wednesday he’s not nervous the incoming administration will undermine him as U.S. central financial institution chief via the folks it nominates to Fed management ranks.…
Investing.com – The outlook for financial development picked up in current weeks amid expectations for the labor market to stay regular over the subsequent yr, however issues that potential tariffs might reignite inflation started to emerge, based on the Federal…
By David Shepardson WASHINGTON (Reuters) – President-elect Donald Trump on Wednesday named a former White Home aide to function counsel to an effort co-led by Elon Musk to slash authorities rules and the workforce. Trump mentioned in a social media…
MEXICO CITY (Reuters) -Shares in Mexican retailer Grupo Elektra (BMV:ELEKTRA) deepened their losses on Wednesday, in a 3rd day of unstable trades after the native inventory change lifted a suspension carried out over a potential fraud by one of many…
By Jamie McGeever (Reuters) – A have a look at the day forward in Asian markets. As a level of calm descends on South Korean markets, for now at the least, Asia is about for a constructive open on Thursday…
By Juveria Tabassum (Reuters) -American Eagle Outfitters reduce its goal for annual comparable gross sales progress on Wednesday, in indicators that attire demand might be erratic through the essential vacation season, sending its shares down 14% in prolonged commerce. Competitors…
By David Lawder and Ismail Shakil WASHINGTON (Reuters) – U.S. President-elect Donald Trump on Wednesday nominated College of Maryland finance professor Michael Faulkender as deputy U.S. Treasury secretary, returning him to the division the place he helped implement a pandemic…
By Carlos Vargas and Nelson Bocanegra BOGOTA (Reuters) -Colombian President Gustavo Petro mentioned on Wednesday that finance vice minister Diego Guevara will step into that ministry’s prime job, after earlier minister Ricardo Bonilla resigned amid an ongoing corruption scandal. Petro…
