Central bank keeps policy rate in 5.25%-5.50% rangeProjections show high rates continue through 2024Fed sees continued economic growth, low unemploymentWASHINGTON, Sept 20 (Reuters) - The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.The Fed's benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range, according to updated quarterly projections released by the U.S. central...
Bolivia's President Luis Arce addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Sept 20 (Reuters) - Bolivia is open to tie-ups with European and other global companies for lithium exploration and extraction provided they adhere to the country’s conditions, president Luis Arce said on Wednesday."We are open to any company that wants to come to Bolivia, but the conditions are clear," Arce told Reuters in an interview, adding that his country wants to participate...
Single-family housing starts drop 4.3% in AugustSingle-family building permits increase 2.0%Overall housing starts plunge 11.3%; permits up 6.9%WASHINGTON, Sept 19...
People walk past a logo of French bank Societe Generale in front of the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON/DUBLIN, Sept 18 (Reuters) - Societe Generale's (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy.As a year-long boon from interest rate rises fizzles, Europe's big lenders are under a spotlight, with higher rates now upping pressure on...
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Acquire Licensing...
President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso addresses the Ukraine Recovery Conference in London, Britain...