Bank of England’s Tenreyro says patience needed to lower inflation
(Reuters) -Bank of England policymaker Silvana Tenreyro said past interest rate rises would take time to bear down on inflation,…
Business
Emergency Credit Suisse rescue shakes faith in Switzerland
By John Revill and Noele Illien ZURICH/BERN (Reuters) -Switzerland’s tradition of dependable consensus politics has taken a battering after the…
Societe Generale to pay $105 million in rate-rigging settlement
NEW YORK (Reuters) – Societe Generale SA agreed to pay $105 million to settle U.S. investor litigation accusing the French…
German industry association raises 2023 export growth forecast to 2% – report
BERLIN (Reuters) – Germany’s BDI industry association expects exports to grow by 2% in 2023, double its forecast in January,…
SpaceX gets US regulatory green light for debut Starship flight to space
By Joey Roulette WASHINGTON (Reuters) -The U.S. Federal Aviation Administration on Friday granted a long-awaited license allowing Elon Musk’s SpaceX…
Wall St dips to lower close as rate hike bets firm, banks jump
By Stephen Culp NEW YORK (Reuters) – Wall Street ended lower on Friday as a barrage of mixed economic data…
IMF’s Georgieva sees ‘tangible progress’ on debt issues, urges seeking help earlier
By Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva said on Friday that debtors and creditors made “tangible…
Federal Reserve green lights UBS-Credit Suisse deal in US
By Hannah Lang, Chris Prentice and Ann Saphir (Reuters) – The Federal Reserve’s Board of Governors on Friday said it…
As earnings season begins, S&P 500 forecast looks less weak
By Caroline Valetkevitch NEW YORK (Reuters) – As quarterly U.S. earnings got under way with upbeat reports from JPMorgan Chase…
Elon Musk plans AI startup to rival OpenAI – FT
(Reuters) -Billionaire Elon Musk is working on launching an artificial intelligence start-up that will rival ChatGPT-maker OpenAI, the Financial Times…