U.S. December deficit quadruples as outlays grow, debt ceiling nears
WASHINGTON, Jan 12 (Reuters) – The U.S. government’s December budget deficit quadrupled from a year earlier to $85 billion as receipts shrank slightly and outlays...
Mastercard’s dim forecast clouds profit beat on travel demand
Oct 27 (Reuters) – Mastercard Inc (MA.N) on Thursday pushed back against worries of a slowdown in consumer spending after a weaker-than-expected forecast for revenue...
Biden urges G7 to stay together as leaders target Russian gold, oil price
Biden says Russia has failed to split G7 Biden condemns ‘barbarism’ as missiles strike Kyiv Gold ban targets ‘Putin’s war machine’ – British PM Oil...
Analysis: Banks face reversal of fortune from war and runaway inflation
New era of rising rates renews focus on lending risks Policymakers run recession gauntlet to curb inflation War, geopolitics threaten long-lasting economic pain LONDON/BERLIN, May...
U.S. Treasury’s Yellen, White House say World Bank needs major ‘reboot’
U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System,” on Capitol Hill in...
China’s largest banks signal tough times ahead
A security guard wearing a mask following the coronavirus disease (COVID-19) outbreak is seen near the Bank of China in Beijing, China, October 19, 2020....
Goldman, JPMorgan unwind Russia business, EU banks disclose more exposures
Credit Suisse, Deutsche Bank detail Russia exposure Financial firms scramble to distance themselves from Russia BNP Paribas cuts Russia workforce off from systems LONDON/NEW YORK,...
Explainer: Western sanctions on banks only scratch surface of Fortress Russia
LONDON/NEW YORK, Feb 22 (Reuters) – The United States, the European Union and Britain announced new sanctions on Russia on Tuesday after Moscow’s recognition of...
China cuts key rates, steps up monetary stimulus to boost economy
SHANGHAI, Jan 20 (Reuters) – China lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy,...