By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell acknowledged on Wednesday the U.S. central bank’s…
White House announces $13.5 billion funding to help households with energy bills
(Reuters) – President Joe Biden’s administration will make $13.5 billion available to help low-income U.S. households lower their heating costs…
Fed delivers fourth 75 bp hike, signals scale-back coming
NEW YORK (Reuters) – The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it…
Fed’s Powell: ‘Ultimate level’ of rates likely higher than earlier estimates
(Reuters) – The “ultimate level” of the Federal Reserve’s benchmark policy rate is likely higher than previously estimated, Fed Chair…
New GSK maintains strong start, but Zantac litigation looms large
By Natalie Grover (Reuters) -GSK raised its 2022 forecast for the second time this year, after third-quarter earnings and sales…
Britain to go it alone for now on reining in ‘shadow banking’
By Huw Jones LONDON (Reuters) – Britain, rattled by the recent near meltdown of some pension funds, is pressing ahead…
Post-shutdown HBCU homecomings bring much-needed boosts to revenues
(This Nov. 1 story has been corrected to remove the reference in paragraph 6 to Lincoln College as it is…
Ukraine conflict, sanctions set to blow hole in Russia’s finances
By Darya Korsunskaya (Reuters) – The cost of Russia’s military mobilisation and the impact of Western sanctions are set to blow…
Hong Kong, struggling to revive hub status, sells ‘China advantage’ to global banks
By Selena Li, Kane Wu and Xie Yu HONG KONG (Reuters) – Hong Kong and Chinese officials on Wednesday touted…
German manufacturing slumps in October as new orders drop – PMI
BERLIN (Reuters) – The downturn in Germany’s manufacturing sector gathered pace in October as output and new orders slumped, marking…