archiveGVGVF1

WASHINGTON, Dec 1 (Reuters) - Indicted Republican George Santos' brief career in the U.S. House of Representatives came to an end on Friday, when fellow lawmakers voted to expel him over criminal corruption charges and accusations of misspending campaign money.The House voted 311-114 to immediately remove the controversial freshman lawmaker, above the two-thirds majority required to oust one of its own.Besieged by revelations of lies about his past, a federal criminal indictment and a congressional ethics probe, Santos, 35, became only the sixth member to be expelled from the House....

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - The dollar climbed to its highest level in over a year against the Japanese yen on Monday, continuing to draw support from a scaling back of expectations for U.S. Federal Reserve interest rate cuts next year.Japanese Finance Minister Shunichi Suzuki said the government would keep monitoring the currency market and respond appropriately. The comments had little immediate impact on the yen, which is down...

WASHINGTON, Nov 2 (Reuters) - The U.S. House of Representatives on Thursday passed a Republican plan to provide $14.3 billion in aid to Israel and cut funding of the Internal Revenue Service, despite Democrats' insistence it has no future in the Senate and the White House's promise of a veto.The measure passed 226 to 196, largely along party lines, a shift from typical strongly bipartisan congressional support for providing aid to Israel. Twelve Democrats voted with 214 Republicans for the bill, and two Republicans joined 194 Democrats in objecting.The bill's...

Central bank's policy rate remains in 5.25%-5.50% rangeFed says economy grew at 'strong' pace in third quarterTraders add to bets that Fed is done raising ratesWASHINGTON, Nov 1 (Reuters) - The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.Fed Chair Jerome Powell said the situation remained something of a riddle, with U.S. central bank officials willing to raise rates again...

US Q3 GDP data due on Thursday, PCE price index on Friday$2000 still on the cards if MidEast tensions escalate-analystPlatinum down more than 1%Oct 24 (Reuters) - Gold held nearly steady on Tuesday after hitting a five-month high last week, while traders kept one eye on U.S. economic data and another on tensions in the Middle East.Spot gold ticked 0.1% higher at $1,975.39 per ounce by 12:42 p.m. ET (1742 GMT) after falling as much as 1% earlier in the session. U.S. gold futures settled 0.1% lower at $1,986.1."We saw...

Markets await US PCE price index, Q3 GDP data this weekPalladium up 3%Oct 23 (Reuters) - Safe-haven gold eased on Monday, hitting pause after jumping to within striking distance of the key $2,000 level in the last session, as traders positioned for further developments on the Middle East conflict and U.S. economic data.Spot gold fell 0.3% to $1,976.19 per ounce by 1:41 p.m. ET (1741 GMT). U.S. gold futures settled 0.3% lower at $1,987.80.Reuters Graphics"Safe-haven demand will continue to drive gold higher after a slight period of consolidation. We believe...

Federal Reserve Board Vice Chair for Supervision Michael Barr testifies at a House Financial Services Committee hearing on the response to the on recent bank failures of Silicon Valley Bank and Signature Bank, on Capitol Hill in Washington, U.S., March 29, 2023. REUTERS/Kevin Lamarque/ Acquire Licensing RightsWASHINGTON, Oct 19 (Reuters) - The U.S. Federal Reserve is developing additional scenarios to probe for weaknesses in large banks as part of its 2024 stress test, its top regulatory official said Thursday.Fed Vice Chair for Supervision Michael Barr said the additional scenarios, which...