Reuters US Business

By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Friday it has appointed Germany’s former Bundesbank president Jens Weidmann to lead a new external panel to strengthen institutional safeguards in the wake of a data scandal involving IMF Managing Director Kristalina Georgieva during her time at the World Bank. The IMF expert …

IMF names former Bundesbank chief to lead review panel on institutional safeguards Read More »

By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Poorer ’emerging market’ countries are facing the headwind of rising global interest rates this year, which in the past has prompted international investors and their capital to up anchor and sail out. The issue is that when big developed economies like the United States jack up rates, …

Dashboard of emerging market vulnerabilities to rising global rates Read More »

By Chibuike Oguh (Reuters) – Buyout firm Carlyle Group Inc is in talks to acquire CBAM Partners in a bid to grow its credit investment platform and take on peers such as Apollo Global Management Inc and Blackstone Inc, according to people familiar with the matter. Carlyle has prevailed in an auction to acquire New …

Carlyle in talks to acquire credit investment firm CBAM -sources Read More »

By Ann Saphir and Howard Schneider (Reuters) – Bigger-than-expected U.S. job gains last month are fueling market bets that the Federal Reserve will kick off its interest rate hikes in March with a hefty half-point jump. That’s likely a bridge too far, given what Fed policymakers have said, where the jobs market is now, and …

Fed to start rate hikes with a bang? Not likely Read More »

By Julie Gordon and Ismail Shakil (Reuters) – The Canadian economy lost more jobs than expected in January, posting its first decline since May 2021 as the Omicron-driven COVID-19 wave peaked, data showed on Friday, but analysts expect a quick rebound in coming months. Canada shed 200,100 jobs, roughly matching the losses in January and …

Canada sheds more than 200,000 jobs in January as Omicron bites Read More »

By Daphne Psaledakis WASHINGTON (Reuters) – The U.S. Treasury Department on Friday issued a set of recommendations to combat illicit finance in the high-value art market and warned that the emerging digital art market, such as non-fungible tokens (NFTs), may present new risks. In a study published on Friday, the Treasury found that there is …

As NFTs flourish, U.S. Treasury raises alarm over money laundering in art Read More »