By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday but stressed significant tightening remained ahead and laid out plans to drain cash from the financial system as part of a dogged fight against runaway inflation. After being wrong-footed by sudden price…
Philanthropist MacKenzie Scott says her donations have yielded more than $14 billion in funding for about 1,600 nonprofits since 2019, according to her long-awaited website Yield Giving, unveiled Wednesday night. Scott also announced that she plans to introduce an “open-call process” that allows nonprofits seeking donations from her to send information to her for evaluation….
BRUSSELS (AP) — European Union leaders on Thursday sought ways to stand up to the United States over its new green technologies plan that they say unfairly discriminates against Washington’s best global ally when both should be standing shoulder to shoulder in their rivalry with Russia and China. While the 27-nation EU argues the U.S….
BEIJING (Reuters) – China is mulling new measures to support its real estate sector in order to improve the balance sheets of the industry, the country’s vice premier Liu He said on Thursday. China has introduced some policies to bolster the property industry and is considering to roll out more to boost market’s conficence, state…
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell significantly last week, a sign that the labor market remains strong even as the Federal Reserve continues to raise interest rates in an effort to cool the economy and slow inflation. Applications for jobless claims fell to 211,000 for the week ending Dec….
WASHINGTON (AP) — Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, particularly lower income households, to make harder decisions about what they buy. Retail sales fell 0.6% from October to November after a sharp 1.3% rise the previous month,…
By Valentina Za MILAN (Reuters) – The European Central Bank has slightly increased the amount of capital UniCredit must hold as it takes a fresh look at banks’ assets given risks from the economic downturn and war in Ukraine. The ECB raised UniCredit’s minimum threshold for best quality capital to 9.20% of risk-weighted assets for…
GENEVA (AP) — The Swiss National Bank raised its key interest rate Thursday, as other central banks in Europe are starting to follow the playbook of the U.S. Federal Reserve in a bid to tame inflation. Switzerland’s central bank hiked its policy rate by half a percentage point, to 1%, the same pace that the…
ISTANBUL (Reuters) – Turkey’s central bank is expected to keep its policy rate unchanged next week, a Reuters poll showed on Thursday, having decided to end the cycle after cutting it to 9% in line with President Tayyip Erdogan’s call for single-digit rates. The central bank has lowered its one-week repo rate by 500 basis…
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Thursday that its E2 family of commercial jets has received Type Certification from Canada’s aviation regulator. The move opens room for Embraer to deliver in the coming days the first of fifty E195-E2 aircraft ordered by Toronto-based Porter Airlines. The E2 jets had already been…
