By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve left interest rates unchanged on Wednesday but signaled in new projections that borrowing costs may still need to rise by as much as half of a percentage point by the end of this year, as the U.S. central bank reacted to a stronger-than-expected…
By Noel Randewich and Sruthi Shankar (Reuters) – U.S. stocks ended mixed on Wednesday after the Federal Reserve kept U.S. interest rates unchanged but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage point by the end of this year. Trading was choppy and volume was heavy…
By Ariba Shahid (Reuters) – The International Monetary Fund (IMF) on Thursday expressed dissatisfaction with Pakistan’s recently presented budget, a blow for the cash-strapped country which has only two weeks left until its bailout programme expires. Pakistan has barely enough currency reserves to cover one month’s imports. It had hoped to have $1.1 billion of…
By David Shepardson WASHINGTON (Reuters) -Time is running out on a deadline for Microsoft to complete its $69 billion acquisition of Activision Blizzard, compelling the companies to ask a U.S. judge on Wednesday to quickly get the ball rolling on the Federal Trade Commission’s legal bid to block the deal. U.S. District Judge Edward Davila…
By Kate Abnett BRUSSELS (Reuters) – The European Union should commit to slash its net greenhouse gas emissions by as much as 95% by 2040, official advisers said on Thursday, as Brussels prepares a new goal to curb Europe’s contribution to climate change. The European Commission is drafting what would be the EU’s first legally…
By Dan Whitcomb LOS ANGELES (Reuters) – A U.S. Marine and a second man were arrested on charges they threw a burning Molotov cocktail at a Planned Parenthood clinic that provides abortions and other services in Southern California last year, federal prosecutors said on Wednesday. Chance Brannon, a 23-year-old Marine stationed at Camp Pendleton base…
By Andrew Goudsward (Reuters) – A voting rights lawyer for the American Civil Liberties Union on Wednesday overcame fierce Republican opposition to secure U.S. Senate confirmation as a judge on the Manhattan federal district court. Dale Ho, director of the ACLU’s Voting Rights Project, was confirmed on a nearly party-line 50-49 vote. Sen. Joe Manchin…
By David Ljunggren OTTAWA (Reuters) -Canada is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday. Freeland said she did not rule out any outcome of the investigation, a clear hint that Ottawa could pull…
CAIRO (Reuters) -Fighting rocked several cities in western Sudan on Wednesday in an expansion of the country’s almost two-month-old war as a regional governor was killed after publicly blaming the deaths of civilians on the country’s paramilitary force. The conflict between the army and the paramilitary Rapid Support Forces has caused a humanitarian crisis in…
WASHINGTON (Reuters) – The Committee to Protect Journalists on Wednesday called on the U.S. government to urge India to end a media crackdown and release six detained journalists. A statement from CPJ President Jodie Ginsberg ahead of a state visit to Washington next week by Indian Prime Minister Narendra Modi said there had been an…
