Mexico inflation hits 20-month low after rate hikes paused
(Reuters) -Consumer prices in Mexico fell more than expected in the first half of May, driving annual inflation to its…
May 2023
Stalled US Debt Talks, Inflation Woes Hit Stocks
By Lawrence White and Koh Gui Qing LONDON/NEW YORK (Reuters) – World stocks dropped on Wednesday as U.S. debt ceiling…
Nigeria raises rates again to halt continued inflation rise
By Chijioke Ohuocha and Camillus Eboh ABUJA (Reuters) -Nigeria’s central bank raised its main interest rate by another 50 basis…
Explainer-U.S. debt ceiling focus on ‘discretionary spending’ means cuts ahead
By Jarrett Renshaw and Andy Sullivan WASHINGTON (Reuters) -The central pillar of any debt-ceiling agreement between President Joe Biden and…
Accenture secures up to $2.6 billion contract to modernize IRS systems
(Reuters) – An Accenture Plc unit said on Wednesday it had secured an up to $2.6 billion deal with the…
Chipmaker Analog Devices’ weak forecast sparks share selloff
(Reuters) -Analog Devices Inc said on Wednesday that a turbulent economy would weigh on its third-quarter results, sending the chipmaker’s…
BlackRock Prevails Over Shareholder Activists At Annual Meeting
By Ross Kerber (Reuters) -Top fund manager BlackRock Inc won support from investors at its annual meeting on Wednesday as…
Murmurs grow within Fed about tweaking 2% target once inflation recedes
By Michael S. Derby (Reuters) – A couple of regional Federal Reserve presidents recently have signaled an openness to examining…
Biden nominates Air Force general to lead NSA, Cyber Command
WASHINGTON (Reuters) -U.S. President Joe Biden has nominated Air Force Lieutenant General Timothy Haugh to head both the National Security…
EU, U.S. to seek stopgap standards for AI – EU tech chief
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union and the United States are set to step up cooperation on…