By Rupam Jain NEW DELHI (Reuters) – The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using hydropower to boost its economy and create jobs to reduce brain drain, the chief executive of its sovereign wealth fund said. Green cryptocurrencies are digital currencies mined using clean energy resources such as …
Bhutan turns to ‘green’ cryptocurrency to fuel economy Read More »
BOGOTA (Reuters) – Farmers in Colombia, the world’s fifth-largest banana grower, are looking to boost shipments to the European Union this year on the lucrativeness of shipping to the region, an industry leader said on Thursday. WHY IT’S IMPORTANT The European Union pays a premium for Colombian bananas due to sustainability commitments and requiring workers …
By Michael S. Derby NEW YORK (Reuters) -Anna Paulson, currently head of research at the Chicago Fed, will become the next leader of the Federal Reserve Bank of Philadelphia, the bank said Thursday. Paulson, who is 60, will take office on July 1, replacing Patrick Harker, who retires at the end of June due to …
Philadelphia Fed names Anna Paulson of Chicago Fed as new chief Read More »
LONDON (Reuters) – The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up an already struggling euro zone economy that will take a large hit from U.S. tariffs. Following are highlights of ECB President Christine Lagarde’s comments at a news conference after the policy meeting. …
(Reuters) -Following is the text of European Central Bank President Christine Lagarde’s statement after the bank’s policy meeting on Thursday: Link to statement on ECB website: Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. …
WASHINGTON (Reuters) – U.S. single-family homebuilding plunged to an eight-month low in March and could decline further as tariffs on imported materials raise costs and offset declining mortgage rates. Single-family housing starts, which account for the bulk of homebuilding, dropped 14.2% to a seasonally adjusted annual rate of 940,000 units last month, the lowest level …
US single-family housing starts tumble to an eight-month low in March Read More »
LONDON (Reuters) – As financial markets try to move past tariff fears, attention turns to what China will do to buffer its economy and how corporate America and business activity globally is holding up. The International Monetary Fund and World Bank Spring meetings take place in Washington meanwhile against a backdrop of increased concern about …
(Reuters) – German producer prices fell in March, decreasing by 0.2% on the year, the federal statistics office reported on Thursday. Analysts polled by Reuters had expected a 0.4% increase. The office publishes more detailed data on its website. (Reporting by Tristan Veyet, Editing by Miranda Murray)
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank on Thursday signalled it would cut rates in May and left the door wide open to further monetary easing to cope with “significant” risks to the economy from U.S. President Donald Trump’s sweeping tariff policy. After the Bank of Korea’s seven-member board held …
S.Korea signals rate cuts in May, year ahead as Trump tariffs pose ‘significant’ risks Read More »
A look at the day ahead in European and global markets from Rocky Swift U.S. President Donald Trump unexpectedly gate-crashed tariff talks with Japan, and markets breathed a sigh of relief that it wasn’t a disaster. Japan was the first major trading partner to negotiate directly with the United States, a test case for a …
Morning Bid: No surprise at Japan talks, except Trump Read More »
