IMF says Pakistan’s 2024 budget a missed opportunity as loan deal deadline looms
By Ariba Shahid (Reuters) – The International Monetary Fund (IMF) on Thursday expressed dissatisfaction with Pakistan’s recently presented budget, a…
Economy
Microsoft, Activision ask judge for speedy schedule in FTC challenge
By David Shepardson WASHINGTON (Reuters) -Time is running out on a deadline for Microsoft to complete its $69 billion acquisition…
EU told to slash greenhouse gas emissions 90-95% by 2040
By Kate Abnett BRUSSELS (Reuters) – The European Union should commit to slash its net greenhouse gas emissions by as…
Citi CFO says 1,600 job cuts will boost second-quarter expenses
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup Inc in the second quarter will book severance costs associated with around 1,600…
Marketmind: Can risk appetite resist Fed’s hawkish skip?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….
US producer inflation subsides as energy, food prices drop
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices fell more than expected in May as the costs of energy…
Tesla shares finally snap record 13-day win streak that added $200 billion in value
By Chavi Mehta and Aditya Soni (Reuters) – Tesla’s record 13-day streak of gains finally came to an end on…
Bitcoin falls 3.7% to $24,987
(Reuters) – Bitcoin dropped 3.65% to $24,987 at 2103 GMT on Wednesday, losing $947 from its previous close. Bitcoin, the…
Fed’s Powell appears to see plenty of room to run on balance sheet drawdown
By Michael S. Derby WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that financial conditions are likely…
Stocks rise, dollar pares losses after Fed signals more hikes ahead
By Sinéad Carew (Reuters) – MSCI’s global equity index closed slightly higher on Wednesday after a volatile afternoon while the…