Reuters US Business

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year “add somewhat to confidence” that the pace of price increases is returning to the Fed’s target in a sustainable fashion, remarks that suggest a turn to interest rate cuts may …

Fed’s Powell: Latest data ‘add somewhat to confidence’ inflation is returning to 2% Read More »

PARIS (Reuters) – European aerospace groups Airbus and Thales are exploring a potential tie-up of some of their space activities, two industry sources told Reuters on Monday, confirming an earlier report by French business paper La Tribune. The sources said the talks were focusing on the groups’ satellite activities. Both companies declined to comment. (Reporting …

Airbus, Thales looking at merging some of their space activities – sources Read More »

By Lucy Craymer and Lewis Jackson WELLINGTON/SYDNEY (Reuters) – The World Bank is preparing a financial lifeline for Pacific Island nations, backed by the U.S. and Australia, as an exodus of Western banks from the unprofitable market prompts concern that China could fill the vacuum in the strategic region. Without a backstop, many of the …

World Bank dollar lifeline for Pacific islands proceeds with US, Australia push Read More »

(Reuters) -Goldman Sachs has lodged an appeal with the U.S. Federal Reserve challenging its result in the regulator’s most recent “stress test,” which is set to force the bank to hold a greater amount of capital, the Financial Times reported on Sunday, citing people familiar with the matter.  The Federal Reserve’s annual “stress test” exercise …

Goldman challenges Fed’s demand it hold more capital after stress test, FT reports Read More »

By Hyunjoo Jin and Alexandra Ulmer (Reuters) -Elon Musk, the billionaire CEO of Tesla, publicly endorsed Donald Trump for the first time in the U.S. presidential race, calling the Republican former president “tough.” Musk, the world’s richest person, posted the endorsement with a video of Trump with blood on his face pumping his fist after …

Elon Musk endorses Trump in presidential race, calls him “tough” Read More »

BUENOS AIRES (Reuters) -Argentina’s central bank will start selling U.S. dollars in the country’s parallel foreign exchange markets in an effort to combat inflation and freeze the country’s money supply, the government said on Saturday. Economy Minister Luis Caputo announced the new strategy on messaging platform X on Saturday, saying it would “contribute to deepening …

Argentina to sell dollars on parallel market as part of anti-inflation drive Read More »