WASHINGTON (Reuters) – The Federal Reserve will need to keep a careful eye on how the economy reacts as it raises interest rates, and scale the pace of its rate increases accordingly, New York Fed President John Williams said on Saturday. Williams, citing events in 2019 when the economy slowed as the Fed approached a…
By Howard Schneider PRINCETON, N.J. (Reuters) – The Federal Reserve may begin trimming its balance sheet as soon as its May 3-4 meeting to address inflation risks that have become “particularly acute,” New York Fed chair John Williams said Saturday. With Fed rate increases underway and expected to continue, Williams, who also holds the title…
(Reuters) -Tesla Inc on Saturday reported record electric vehicle deliveries for the first quarter, but its production fell from the previous quarter as supply chain disruptions and a China plant suspension weighed. “This was an *exceptionally* difficult quarter due to supply chain interruptions & China zero Covid policy,” CEO Elon Musk tweeted. Tesla delivered 310,048…
(Reuters) -Elena Bunina is stepping down as chief executive of Yandex LLC, Russia’s biggest technology company, some two weeks before her tenure is due to expire on April 15, the company said on Saturday. “Elena Bunina is leaving (her) positions of CEO and HR director at Yandex LLC, it was her personal decision,” Yandex’s press…
(Reuters) – Elena Bunina is stepping down as director general of Yandex’s principal operating subsidiary, Yandex LLC, Russia’s biggest technology company, TASS news agency said on Saturday, before her tenure is due to expire on April 15. Artyom Savinovsky will take over as acting director general at Yandex LLC, TASS said, citing the company’s press…
COLOMBO, Sri Lanka (AP) — Sri Lanka imposed a countrywide curfew starting Saturday evening until Monday morning, in addition to a state of emergency declared by the president, in an attempt to prevent more protests blaming the government for the worsening economic crisis. The government’s information head Mohan Samaranayake said that the curfew is being…
CAIRO (Reuters) – Egypt’s Suez Canal recorded revenue of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period a year prior, the canal authority said in a statement on Saturday. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main…
BEIJING (AP) — U.S. accident investigators arrived in China on Saturday to help authorities look for clues into what caused last month’s crash of a Boeing jetliner with 132 people aboard. The seven-member team from the National Transportation Safety Board will participate in the Civil Aviation Administration of China’s investigation of the March 21 crash…
SHANGHAI (Reuters) – China’s central bank said on Saturday it will further expand a pilot scheme of its digital currency to more areas, including cities in the eastern Zhejiang province which is set to host the Asian Games later this year. The People’s Bank of China (PBOC) said it will promote the research and development…
SHANGHAI (Reuters) – Organisers of the Beijing autoshow, which was scheduled to be held in late April, said on Saturday that they will postpone the event until further notice due to the COVID-19 resurgence across the country. “We will pay close attention to the development of the epidemic, and strive to enhance the event’s organisation…
