Powell cautions about reading too much into hot CPI readingFederal Reserve Chair Jerome Powell advised caution regarding the latest Consumer Price Index data, citing it as substantially higher than ...
13 Feb, 2025, 08.14 AM IST
US weekly jobless claims fall more than expectedThe latest data from the Labor Department indicates that the number of Americans filing new claims for unemployment benefits declined more ...
11 Apr, 2024, 07.38 PM IST
US trade deficit widens slightly in DecemberIn December, the U.S. trade deficit saw a slight widening, though it significantly contracted over the course of 2023 due to a decrease in ...
07 Feb, 2024, 08.32 PM IST
US bank regulator: New liquidity rules needed to handle bank runsA top U.S. banking regulator on Thursday called for new liquidity rules to help lenders respond to runs by depositors of the kind that fell...
18 Jan, 2024, 08.35 PM IST
Barclays to lay off dozens of US consumer employeesBarclays is cutting staff in its U.S. consumer banking division as part of its ongoing cost-cutting efforts. The job cuts represent about 3...
25 Oct, 2023, 07.13 PM IST
IMF says global debt fell as share of GDP in 2022, may resume rising trendThe International Monetary Fund (IMF) has reported that global debt as a percentage of economic output declined for the second consecutive ...
13 Sep, 2023, 06.56 PM IST
Fed's Barkin: Reaching 2% target important to Fed's credibilityWe have one big weapon and that is credibility," Barkin said in comments to the Danville Pittsylvania County Chamber of Commerce. "There is...
23 Aug, 2023, 08.10 AM IST
Goldman Sachs cuts probability of US recession in next 12 monthsMarket expectations of a so-called hard landing - a scenario in which the Federal Reserve's interest-rate hikes tip the economy into a rece...
18 Jul, 2023, 09.02 AM IST
Former SoftBank chief launches fund focused on LatAm startupsThe fund, named Bicycle I from growth equity firm Bicycle Capital, targets a total size of $500 million and aims to partner with startups a...
14 Jun, 2023, 08.55 PM IST
Apple Japan hit with $98 million in back taxes: reportAccording to Nikkei, bulk purchases of iPhones by foreign shoppers were discovered at some Apple stores with at least one transaction invol...
26 Dec, 2022, 11.50 PM IST
Asian Development Bank boosts climate financing goal to $100 billion through 2030Asian Development Bank President Masatsugu Asakawa said that the fight against climate change will be won or lost in Asia & the Pacific and...
12 Oct, 2021, 10.46 PM IST
U.S. leading indicator points to further economic recovery in MayA gauge of future U.S. economic activity increased for the third consecutive month in May, suggesting the economy continued to recover from...
17 Jun, 2021, 09.06 PM IST
IMF favors global minimum corporate tax: Gita GopinathFrench Finance Minister Bruno Le Maire said on Tuesday a global deal on cross-border taxation was within reach as he welcomed a pledge by U...
06 Apr, 2021, 08.01 PM IST
Canada could well see an election this year, PM Trudeau says for first timeTrudeau, whose minority Liberal administration relies on opposition parties to govern, made his remarks to Montreal's CHOU 1450 AM radio st...
08 Jan, 2021, 09.14 PM IST
U.S., Britain say trade talks big priority; pledge accelerated paceThe talks, to be conducted virtually, over the next two weeks will involve U.S. and UK officials in nearly 30 different negotiating groups,...
05 May, 2020, 08.58 PM IST
Democratic presidential candidate Joe Biden says sexual assault 'never happened'A California woman named Tara Reade, who worked as a staff assistant in Biden's U.S. Senate office from December 1992 to August 1993, has a...
01 May, 2020, 05.55 PM IST
Obama to endorse Biden's 2020 presidential campaign: sourcesObama's backing would come a day after Biden's last remaining rival in the Democratic nomination race, Senator Bernie Sanders, provided his...
14 Apr, 2020, 08.45 PM IST