Key takeaways from the IMF/World Bank meetings
World Bank President Ajay Banga, World Bank Secretary Mercy Tembon, Ukraine Minister of Finance Serhiy Marchenko, International Monetary Fund (IMF)...
archiveECON
US consumer sentiment sours; dollar aiding inflation fight
Vegetables are pictured at a produce shop at Reading Terminal Market after the inflation rate hit a 40-year high in...
Wall St Week Ahead Investors zero in on health of consumer with retail sales, earnings
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York...
S&P 500, Nasdaq fall with data, geopolitics offsets strong results
JPMorgan and Wells Fargo, rise on Q3 profit beatS&P 500, Dow notch weekly gains, U.S. crude prices rallyU Mich's preliminary...
Yellen says US-backed IMF funding increase is ‘pretty likely’
U.S. Treasury Secretary Janet Yellen addresses a news conference during a G20 finance ministers' and Central Bank governors' meeting at...
Dollar up after inflation data boost
The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis...
Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul
Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo Acquire Licensing RightsNEW YORK, Oct 13 (Reuters) - Citigroup's (C.N) third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking fees and interest payments while undertaking its biggest overhaul in decades.The bank said it will cut management layers from 13 to eight as part of a sweeping reorganization. In the two top layers of leadership, 15%...
European shares fall on global risk-off mood but log weekly gains
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 28, 2023. REUTERS/Staff/File...
India central bank chief says currency markets interventions are not always ‘black and white’
The Reserve Bank of India (RBI) Governor Shaktikanta Das attends a G20 press briefing on the fifth day of the...
No ‘big opening’ for rate cuts in central Europe, IMF says
The logo of the Polish Central Bank (NBP) is seen on their building in Warsaw, Poland, September 25, 2023. REUTERS/Kacper Pempel Acquire Licensing RightsCEE should maintain tight monetary stance -IMF directorBe ready to raise rates again if needed, he saysPolish, Hungarian CPI to remain among highest in EuropeFiscal policy should also support disinflation -IMFBUDAPEST, Oct 13 (Reuters) - Central Europe's central banks should maintain a tight monetary stance for a "considerable time" to ensure inflation is kept in check, and be ready to raise interest rates again if needed, a...