Reuters US Economy

By David Lawder MARRAKECH, Morocco (Reuters) – World Bank president Ajay Banga on Friday laid out ambitious plans to widen the development lender’s mission to include climate change and other global crises, speed decision-making and offer more – and cheaper – loans. In his first major address since taking office on June 2, the former …

World Bank’s Banga eyes longer, cheaper loans as mission expands to climate Read More »

MOSCOW (Reuters) – The Russian rouble steadied near 97.5 to the dollar on Friday, locking in the hefty gains made in the previous session after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to support the currency. The government said late on Wednesday that Putin had signed a decree …

Rouble steadies, locking in gains made after Putin ordered capital controls Read More »

(Reuters) – Federal Reserve Chair Jerome Powell will speak on Oct. 19 before the Economic Club of New York, just before the U.S. central bank’s blackout period begins ahead of its next interest-rate decision. Powell will deliver prepared remarks and respond to questions from a moderator at the midday event in New York, according to …

Fed’s Powell set to speak Oct 19 ahead of blackout period Read More »

By Libby George LONDON (Reuters) -Israel has raised $200 million from diaspora bond sales since the war with Hamas began, Israel Bonds said in a statement. The group, the government’s vehicle for diaspora bonds, said that U.S. state and local governments accounted for $150 million of the purchases. “The response across many U.S. states was …

Israel raises $200 million in bonds, debt insurance costs surge Read More »

By Michael S. Derby NEW YORK (Reuters) -The U.S. Federal Reserve has about a year left to run on its efforts to shrink its still massive stock of cash and securities, according to a survey of large banks released by the Federal Reserve Bank of New York Thursday. The bank’s Survey of Primary Dealers serves …

Big banks eyed another year of balance sheet cuts – NY Fed survey Read More »

By Alexander Marrow (Reuters) – The Russian rouble leapt more than 3% on Thursday to a more than two-week high past 96 to the dollar after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to buttress the Russian currency. The rouble collapsed to a record low in the weeks …

Rouble soars past 96 vs dollar after Putin reintroduces currency controls Read More »

ROME (Reuters) – The International Monetary Fund wants Italy to make its 2024 budget framework more stringent, as tax cut plans made the Fund “a bit worried”, its chief economist, Pierre-Olivier Gourinchas, said in a newspaper interview on Thursday. Rome outlined a fiscal framework last month that hiked next year’s deficit goal to 4.3% of …

IMF’s chief economist urges Italy to toughen budget plans -media Read More »