By Michael S. Derby (Reuters) – Roc Armenter will become the Federal Reserve Bank of Philadelphia’s new research director in…
Disasters caused total of $122 billion in insured losses in 2022 – Swiss Re
ZURICH (Reuters) – Hurricane Ian and other natural catastrophes have caused an estimated $115 billion of insured losses so far…
Fed’s Bowman: interest rates need to be sufficiently restrictive “for some time”
(Reuters) -The Federal Reserve should slow the pace of its rate increases in order to assess the impact of its…
Mexico’s factories grow again amid sales improvement, job creation
MEXICO CITY (Reuters) – Mexico’s manufacturing sector expanded for a third straight month in November, picking up its pace of…
HSBC CEO ratchets ups cost-cutting target for next year
By Lawrence White and Iain Withers LONDON (Reuters) – HSBC has identified $1.7 billion of extra costs that can be…
Biden cites progress in tackling U.S. inflation
(Reuters) – The United States is seeing initial signs of progress in tackling inflation, President Joe Biden said after U.S.…
REUTERS NEXT: IMF chief sees higher chance of global growth below 2% in 2023
By Andrea Shalal and David Lawder NEW YORK (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday…
BMW invests in low carbon copper firm Jetti
By Eric Onstad LONDON (Reuters) – German carmaker BMW has invested in Jetti Resources, which has technology to extract more…
U.S. construction spending falls in October on single family housing
WASHINGTON(Reuters) – U.S. construction spending fell in October, pulled down by continued weakness in single-family homebuilding amid higher mortgage rates.…
Dollar index lowest since August as inflation moderates
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar dipped to 16-week lows against a basket of major currencies…