(Reuters) – Despite “remarkable” progress on U.S. inflation, Federal Reserve Bank of San Francisco President Mary Daly said on Friday “there is more work to do” to ensure stable prices – a phrase that signals she feels it’s not yet time for interest-rate cuts. “We will need to resist the temptation to act quickly when …
Fed needs time, data, patience on inflation fight: Daly Read More »
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Friday that while he needs more data to convince him inflation pressures are truly falling, he’s open to lowering rates at some point in the next few months. “My outlook is to start the normalization, start returning …
Fed’s Bostic open to summer time rate cut – CNBC Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Only a return of more aggressive Fed easing speculation or a switch out of relatively expensive U.S. stocks seems likely to wipe the dollar’s smile off its face. Currency markets still appear to be in thrall to the so-called “dollar smile” – the model that posits two extreme scenarios …
(Reuters) – Australia’s QBE Insurance Group’s full-year profit more than doubled on Friday, helped by higher income from premiums and lower claims. Improved weather conditions in the second-half of the year reduced catastrophe-related costs for the insurer, while gross written premiums on a headline basis rose 9% to $21.75 billion for the year, supported by …
Australia’s QBE Insurance annual profit more than doubles on higher premium income Read More »
(Reuters) – Federal Reserve Chair Jerome Powell will give the Senate banking committee its biannual monetary policy update on March 7, a spokeswoman for the committee said. The House Financial Services Committee is expected to host Powell at a hearing at least a day earlier, based on past practice. The financial services committee spokesmen did …
Fed Chair Powell to give Congress monetary policy update in early March Read More »
WILMINGTON, Delaware (Reuters) – Delaware’s nationally important Court of Chancery, which has come under criticism from Elon Musk this month, is losing its second-longest-serving judge. Sam Glasscock, who has served on the go-to venue for U.S. corporate disputes since 2011, plans to retire in December, Sean O’Sullivan, chief of community relations for the courts, said …
Delaware’s business court to lose long-serving judge Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell by the most in 10 months in January, but economists cautioned against reading too much into the sharp drop amid frigid temperatures and difficulties adjusting the data for seasonal fluctuations at the start of the year. Still, the report from the Commerce Department on Thursday …
Frigid temperatures chill US retail sales, factory production Read More »
(Reuters) – Federal Reserve Governor Christopher Waller on Thursday laid out the case for the world’s continued reliance on the U.S. dollar and the currency’s dominance in international trade, a key advantage for the U.S. economy on the global stage. “Recent commentary warning of a possible decline in the status of the U.S. dollar raises …
US dollar to remain world’s reserve currency, Fed’s Waller says Read More »
By Leticia Fucuchima SAO PAULO (Reuters) – Italian cablemaker Prysmian has shifted around management in Brazil and Latin America as it gears up local plants to boost supply to the electricity sector and future offshore wind farms in the region, the company told Reuters. Raul Gil Boronat, who led Prysmian in Brazil, took over as …
Prysmian re-jigs Latam management, eyes offshore wind farm demand in Brazil Read More »
By Christian Kraemer and Rene Wagner BERLIN (Reuters) -The German government will slash its economic growth forecast for this and next year to just 0.2% and 1% respectively in a report due to be published next week, according to two sources with knowledge of the matter. Factors contributing to the depressed figure — significantly down …
Exclusive-Germany to slash 2024 economic growth forecast to 0.2%, source says Read More »
