By Alex Lawler and Arunima Kumar LONDON (Reuters) – Oil held its ground on Monday as downward pressure from concern about demand in top importer
Category: Economy
South Korea expands currency swap with pension fund as won tumbles
By Cynthia Kim SEOUL (Reuters) – South Korea’s foreign exchange authorities on Friday said they agreed with the National Pension Service to expand a currency
Powell: Very strong support in Congress for an independent Fed
AMSTERDAM (Reuters) – Federal Reserve Chair Jerome Powell said on Tuesday support for U.S. central bank independence remains “very strong” in Congress, pushing back on
Citadel’s Griffin says Fed’s first rate cut may come in December
By Carolina Mandl Beverly Hills (Reuters) – Ken Griffin, Citadel’s founder and chief executive, said on Monday that he is unsure when the Federal Reserve
Saudi Arabia’s non-oil business activity growth steady in April-PMI
DUBAI (Reuters) – Saudi Arabia’s non-oil business activity grew at a steady rate in April despite a slowdown in new order growth, a survey showed
Cummins revenue misses estimates as truck demand stays on slow lane
(Reuters) – U.S. truck engine maker Cummins Inc missed Wall Street estimates for first-quarter sales on Thursday, dragged down by waning demand in China and
China passes tariff law amid tensions with trading partners
BEIJING (Reuters) -China passed a law on Friday strengthening its trade defence capabilities as the United States and the European Union take aim at Beijing
FDIC is approaching potential buyers of Republic First, Bloomberg News reports
(Reuters) -The Federal Deposit Insurance Corp (FDIC) is in talks with potential buyers for Republic First Bancorp, Bloomberg News reported on Wednesday, citing people with
Gulf markets subdued on geopolitical tensions, US rate cut concerns
By Ateeq Shariff (Reuters) – Most stock markets in the Gulf were subdued on Sunday amid geopolitical strife and uncertainties surrounding U.S. Federal Reserve policy.
NY Fed sees more time needed to shrink central bank holdings
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s effort to contract its balance sheet will likely run into 2025 before the process