Wall Street opens higher on hopes of debt ceiling deal

Wall Street's main indexes opened higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend.

newspaper

19-05-2023

Fed's Mester says not yet at point where it can 'hold' rates

DUBLIN (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that she does not think the U.S. central bank is at a point yet where it can hold interest rates steady for a period of time, given how stubborn inflation is.

newspaper

16-05-2023

Fed's Mester says central bank committed to getting back to 2% inflation

Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday the U.S. central bank remains committed to getting inflation down but did not offer any comment on the near term monetary policy actions.

newspaper

16-05-2023

EU states approve world's first comprehensive crypto rules

European Union states on Tuesday gave the final nod to the world's first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up.

newspaper

16-05-2023

Tesla owners sue over impact of software update on EV batteries

A group of U.S. Tesla Model S and Model X owners filed a proposed class-action lawsuit against the electric vehicle maker in California Friday over automatic software updates that reportedly decreased driving range or cause battery failures.

newspaper

12-05-2023

Slump in China bank loans, prices raise more worries about recovery, adds pressure on central bank

BEIJING (Reuters) -New Chinese bank loans tumbled far more sharply than expected in April, adding to worries that the economy's post-pandemic recovery is losing steam and putting pressure on the central bank to ease policy.

newspaper

11-05-2023

Analysis-China's deposit pile stands in the way of recovery

China's increasingly urgent efforts to tip its mountain of savings into the economy are running up against depositors shy of all but the safest investments, in the latest sign that weak confidence is holding back post-pandemic spending and growth.

newspaper

11-05-2023