New Zealand Central Bank Surprises With 50 Basis Point Hike, Kiwi Soars
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank unexpectedly raised its cash rate by 50 basis points to…
2023
Marketmind: Markets Get A JOLT From The Blue
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A smattering of…
Japan’s March Service-sector Grows At Fastest Rate In Over Nine Years – PMI
(Reuters) – Japan’s services sector activity at the fastest pace in over nine years in March, a private sector survey…
Fed’s Mester Sees More Rate Rises Ahead
(Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday that while the economy appears on a path…
J&J Unit Files For Second Bankruptcy To Pursue $8.9 Billion Talc Settlement
By Dietrich Knauth and Mike Spector (Reuters) -Johnson & Johnson has agreed to pay $8.9 billion to settle tens of…
Yellen Urges IMF To Press Creditors To Finalize Debt Restructurings
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Tuesday called for quicker action to resolve several outstanding sovereign debt restructuring…
Stocks, Yields Fall; Data Suggests U.S. Economy Cooling
By Caroline Valetkevitch NEW YORK (Reuters) – World stock indexes declined on Tuesday, with Wall Street well into negative territory…
3M’s Bid To Shield Itself From Earplug Lawsuits Faces Skeptical Judges
By Brendan Pierson and Dietrich Knauth (Reuters) – Federal appeals court judges on Tuesday appeared skeptical of 3M’s bid to…
US IRS to unveil $80 billion 10-year spending plan this week, Yellen says
WASHINGTON (Reuters) – The Internal Revenue Service will unveil its long-awaited 10-year spending plan for $80 billion in new funding…
US Labor Market Loosening As Job Openings Approach Two-year Low
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings dropped to their lowest level in nearly two years in February,…