No respite from Fed rate hikes this year, chances rising of four 50 bps in a row - Reuters poll

The U.S. Federal Reserve will hike its key interest rate by 50 basis points in June and July, with rising chances of a similar move in September, according to a Reuters poll of economists who see no pause in rate rises until next year.

newspaper

10-06-2022

Michigan Republican governor candidate Ryan Kelley arrested for Capitol riot role

WASHINGTON (Reuters) -The FBI arrested Republican Ryan Kelley, a candidate for Michigan governor, on Thursday for misdemeanor charges in connection with the Jan. 6, 2021, U.S. Capitol riot by supporters of then-President Donald Trump.

newspaper

09-06-2022

Michigan GOP governor candidate Kelley arrested for role in Capitol riots

The FBI arrested Michigan Republican gubernatorial candidate Ryan Kelley on Thursday over misdemeanor charges stemming from his role in the Jan. 6. 2021 attack on the U.S. Capitol by throngs of then-President Donald Trump's supporters.

newspaper

09-06-2022

Republican senator says Fed has revoked master account for controversial fintech

A Republican senator is demanding answers from the Federal Reserve Bank of Kansas City after he says it revoked a sought-after master account that had previously been granted to a fintech called Reserve Trust.

newspaper

09-06-2022

Credit Suisse shares slip on skepticism about U.S. takeover offer

Credit Suisse shares fell on Thursday on growing skepticism about a takeover offer from U.S. financial giant State Street after a media report a day earlier boosted the heavily-shorted stock from a near 20-year low.

newspaper

09-06-2022

South Korean production and shipping disrupted as truckers strike for third day

SEOUL (Reuters) -Thousands of South Korean truckers went on strike for a third day on Thursday to protest the sharp surge in fuel costs, disrupting production, slowing activity at ports and posing new risks to a strained global supply chain.

newspaper

09-06-2022

Credit Suisse shares slip on skepticism over U.S. takeover

Credit Suisse shares fell on Thursday on growing skepticism of a takeover from U.S. financial giant State Street after a media report on Wednesday boosted the heavily-shorted stock from a near 20-year low.

newspaper

09-06-2022

S.Korea plans to manage steel scrap as strategic asset as prices surge

South Korea plans to manage steel scrap from cars and abandoned buildings and structures as a strategic material, a government official said on Thursday, amid tight supplies and a price surge triggered by Russia's invasion of Ukraine.

newspaper

09-06-2022

South Korean truckers' strike enters third day, supply chain risks grow

Thousands of South Korean truckers were on strike for a third day on Thursday, disrupting shipments from ports and container depots and posing new risks to a strained global supply chain.

newspaper

09-06-2022