DUBLIN (Reuters) – Central banks around the world have lost a degree of trust and need to rebuild it by explaining their decision making to a wider audience and not just financial markets, European Central Bank governing council member Gabriel Makhlouf said on Tuesday. Major central banks have been aggressively hiking interest rates to curb…
By Andy Sullivan WASHINGTON (Reuters) – Americans are worried about the prospect of the U.S. government defaulting if Congress fails to raise the debt ceiling, but are divided over the action to be taken, according to a Reuters/Ipsos poll completed on Monday. The polls show neither Democratic President Joe Biden nor congressional Republicans hold a…
By Sam Jabri-Pickett (Reuters) – Canada’s oil hub of Alberta will hold an election on May 29, which is expected to be a tight race between incumbent United Conservative Party (UCP) leader and premier, Danielle Smith, and former premier and leader of the New Democratic Party, Rachel Notley. Here are the profiles of the two…
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, who navigated a combative White House and a pandemic in his first years as head of the U.S. central bank, is facing a critical chapter in his leadership with a battle against inflation still unresolved, worries about recession widespread, and developing criticism of the…
By Jason Lange and James Oliphant WASHINGTON (Reuters) – President Joe Biden continues to hold an edge over potential Republican challengers Donald Trump and Ron DeSantis as the 2024 U.S. presidential election draws closer, according to the latest Reuters/Ipsos poll. But there are potential hazards ahead for Biden should the situation at the U.S. southern…
By Divya Rajagopal TORONTO (Reuters) – Glencore’s hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have lobbied the federal government to push the nation’s biggest pension funds to lift their exposure to domestic companies, according to a presentation seen by Reuters. The previous unreported proposal is an unusual move, but mirrors…
(Reuters) – A look at the day ahead in U.S. and global markets from Samuel Indyk. Another day, another meeting in Washington. President Joe Biden and senior Republicans, including House Speaker Kevin McCarthy, are to sit down on Tuesday in an attempt to thrash out a deal to raise the debt limit and avoid a…
(Reuters) -German investor sentiment fell more than expected in May, pointing to a worsening of the already unfavourable economic situation in the next six months and spurring recession fears. “The German economy could slip into a recession, albeit a mild one,” ZEW president Achim Wambach said. The ZEW economic research institute said on Tuesday that…
(Reuters) – Tesla Inc CEO Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, according to a copy of the email seen by Reuters. According to the email, Musk told executives to send him a list of hiring requests on a weekly basis, while also…
By Ira Dugal MUMBAI (Reuters) – The Indian government-backed National Bank for Financing Infrastructure and Development (NaBFID) expects to sanction close to 1 trillion rupees ($12.23 billion) in loans this financial year, its top executive told Reuters on Tuesday. The infrastructure lender, which started operations last year, has sanctioned in-principle loans worth 450 billion rupees…
