Browsing: Economy

SYDNEY (Reuters) – Australia’s government announced on Friday that Michele Bullock, Deputy Governor at the Reserve Bank of Australia, will take over from Governor Philip Lowe…

It pays to have friends in high places. A two-time convicted fraudster who had a 24-year sentence for running a $200 million Ponzi scheme commuted by…

By Emma Farge and Marc Jones GENEVA/LONDON (Reuters) – A United Nations agency urged global finance ministers to give poor countries debt repayment breaks, estimating the…

Investors remained bearish about the state of the U.S. economy in early July despite rising bets the Federal Reserve will successfully engineer a soft landing, according…

By Leika Kihara TOKYO (Reuters) – The Bank of Japan is caught in a dilemma with growing prospects of sustained inflation heightening the case for an…

The numbers: Sales at retailers rose a tepid 0.2% in June, reflecting a shift in consumer spending habits and signaling softness in some parts of the…

By Lewis Jackson, Stella Qiu and Wayne Cole SYDNEY (Reuters) – Reserve Bank Deputy Governor Michele Bullock will take over from Governor Philip Lowe in September…

The numbers: U.S. industrial production fell 0.5% in June, with declines in most market groups, the Federal Reserve reported Tuesday. The decline was below expectations of…

By Jamie McGeever ORLANDO, Florida (Reuters) -For the Fed and the U.S. economy, the hard bit starts now. Depending on the length of monetary policy’s ‘long…

Another top Wall Street analyst is tempering his bearish outlook for both the U.S. stock market and economy following last week’s June inflation report. Last Wednesday’s…