NEW YORK (Reuters) – The uncertain trajectory of interest rates is making it hard for U.S. banks to forecast profits and leading some to adopt a cautious stance for the…
Economy News
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By Promit Mukherjee OTTAWA (Reuters) -Canada plans to ease a housing shortage by leasing public land to developers for construction of affordable houses under a plan unveiled by Prime Minister…
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By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on…
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By David Lawder WASHINGTON (Reuters) – World Bank President Ajay Banga said on Friday he plans to highlight a range of process improvements next week to speed up the development…
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By Lewis Krauskopf and Naomi Rovnick NEW YORK/LONDON (Reuters) -U.S. stocks sold off sharply on Friday while the dollar jumped as investors grappled with rising geopolitical tensions and persistent inflation…
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(Reuters) – San Francisco Federal Reserve President Mary Daly said on Friday there is still “a lot of work to do” to make sure inflation is on track to the…
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By Noor Zainab Hussain, Saeed Azhar and Manya Saini (Reuters) -Wells Fargo’s profit fell 7% in the first quarter as it became more costly to pay customers for deposits and…
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By Arasu Kannagi Basil and Davide Barbuscia (Reuters) -BlackRock, the world’s largest asset manager, reported on Friday record assets under management (AUM) of about $10.5 trillion in the first quarter…
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By Maria Martinez BERLIN (Reuters) -German inflation eased in March, adding to the signs that euro zone price pressures are abating and increasing the pressure on the European Central Bank…