Biden administration plans to buy 2.7M oil barrels to refill emergency stockpile
The Biden administration plans to buy 2.7 million barrels of oil to help replenish the nation's much-depleted emergency stockpile. The...
Economy
Opinion: Leaders at COP28 already have this strong weapon to fight climate change. They should use it.
“Companies that buy carbon credits decarbonize twice as fast as those which do not.” Politics has been called the art...
Thai October export growth highest in more than a year but misses forecast
BANGKOK (Reuters) -Thailand's exports in October rose at the fastest annual pace in more than a year but less than...
Jerome Powell says Fed ‘won’t hesitate’ to raise interest rates again if warranted
Federal Reserve Chair Jerome Powell on Friday kept the possibility of another interest rate hike in play this year, despite...
Opinion: The global economy isn’t out of danger, despite what you’re hearing
In the run-up to 2023, the outlook for the global economy appeared bleak. Analysts predicted that Russia’s invasion of Ukraine...
Wall Street gets creative as regulators demand more capital
By Shankar Ramakrishnan (Reuters) - Earlier this fall, Morgan Stanley bought $300 million worth of protection against losses on some...
BOJ’s Ueda: Cannot say with conviction inflation will hit 2% target sustainably
TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda said on Monday the central bank cannot say yet with conviction...
New home sales fell more than expected after spike in mortgage rates
Sales of new U.S. homes fell more than expected in October as a spike in mortgage rates weighed heavily on...
The ‘great inflation surge’ will end in 2024 and rates will fall nearly everywhere, says Capital Economics
A handful of big themes are set to take hold in the new year, two of which are the likelihood...
Australia set to reform central bank following April review
Treasurer Jim Chalmers is set to introduce significant reforms to the Reserve Bank of Australia (RBA), aiming to enhance its...
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