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...
Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan
NEW YORK, April 28 (Reuters) – The dollar hit a 20-year high against rivals on Thursday as the Bank of Japan doubled down on its...
U.S. goods trade deficit hits record high; Q1 GDP growth estimates slashed
A ship stacked with shipping containers is unloaded on a pier at Port Newark, New Jersey, U.S., November 19, 2021. REUTERS/Mike Segar/File Photo Register now...
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...
UK inflation hits 30-year high of 7%, adding to pressure on government
A man walks past a fruit and vegetable shop at Brixton Market, amid the spread of the coronavirus disease (COVID-19), in London, Britain, September 27,...
Poor countries face food, energy, finance crises due to Ukraine war, UN chief says
United Nations Secretary-General Antonio Guterres speaks to the media regarding Russia’s invasion of Ukraine, at the United Nations Headquarters in New York City, U.S., March...
U.S. aircraft carrier deploys off Korean peninsula amid tensions with North
SEOUL, April 12 (Reuters) – The USS Abraham Lincoln strike group is operating in waters off the Korean peninsula, the U.S. Navy said on Tuesday,...
China tells EU it will pursue Ukraine peace in its own way
Russia’s invasion of Ukraine dominates virtual summit First EU-China virtual summit since 2020 China’s Xi hopes for ‘independent’ EU BRUSSELS/BEIJING, April 1 (Reuters) – China...
New wave of inflation – and disruptions – hits U.S. factory floors
A worker operates one of the metal cutting machines at Gent Machine Co.’s factory in Cleveland, Ohio, U.S., May 26, 2021. REUTERS/Timothy Aeppel Register now...
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,...