By Michael S. Derby and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) -Expectations that the Federal Reserve will need to push interest rates higher and keep them elevated longer than previously projected rose on Friday after data showed a key inflation gauge accelerated last month. Even so, Fed policymakers speaking Friday did not push for a…
WASHINGTON (Reuters) -The World Bank on Friday announced $2.5 billion in additional grant financing from the U.S. Agency for International Development (USAID )to support Ukraine’s budget and maintain essential services. The latest financing under the World Bank’s Public Expenditures for Administrative Capacity Endurance in Ukraine(PEACE) project lifts the total to $20.6 billion and will support…
WASHINGTON (Reuters) – The World Bank on Friday announced $2.5 billion in additional grant financing for Ukraine to support the country’s budget and to maintain essential services amid the Russian invasion. “The funds, provided by the United States Agency for International Development (USAID), will be transmitted to the government of Ukraine after appropriate verification of…
By Milana Vinn (Reuters) – Cvent Holding Corp, a U.S. software provider that facilitates in-person and virtual meetings, has rejected a $3.9 billion acquisition offer from buyout firm Blackstone Inc, people familiar with the matter said on Friday. Blackstone is taking a break from the negotiations after Cvent rejected its $8-per-share offer as too low,…
By Howard Schneider NEW YORK (Reuters) -The Federal Reserve will be hard-pressed to lower inflation without a significant blow to U.S. economic activity and a sharp rise in unemployment, and even then may miss its 2% inflation target for years to come, a group of top economists concluded after a review of central banks’ past…
WASHINGTON (Reuters) – Sales of new U.S. single-family homes jumped to a 10-year high in January as prices declined, but a resurgence in mortgage rates could slow a much anticipated housing market turnaround. New home sales increased 7.2% to a seasonally adjusted annual rate of 670,000 units last month, the highest level since March 2022,…
(Reuters) – U.S. equity funds suffered massive outflows in the seven days to Feb. 22, hit by worries over higher interest rates as strong economic data pointed to the U.S. Federal Reserve sticking to its tighter monetary policy for some time more. Refinitiv Lipper data showed investors withdrew a net $6.88 billion out of U.S….
(Reuters) – Shares of Beyond Meat Inc surged 13% in premarket trading on Friday as the plant-based meat maker’s results indicated that its cost control measures were finally bearing fruit. At least three brokerages lifted their price targets on Beyond Meat’s shares, after the company on Thursday topped expectations for quarterly sales for the first…
(Reuters) – EU anti-trust chief Margrethe Vestager said any damage to European competitiveness from U.S. subsidies was likely to be limited. Some European companies might be interested in investing in the United States rather than Europe, but their decisions would be based on more than just the new U.S. subsidies, she told the Wall Street…
By David Lawder and Christian Kraemer BENGALURU (Reuters) – The U.S. nominee to lead the World Bank, ex-MasterCard CEO Ajay Banga, gained traction with leading members on Friday, a sign that he will likely have a smooth ride to confirmation by the bank’s executive board. The finance ministers of France and Germany gave positive reviews…
