By Lisa Pauline Mattackal and Medha Singh (Reuters) – It’s a rough time to be an altcoin. Insecurity reigns. A slew of altcoins – a catch-all for most cryptocurrencies except bitcoin and ether – have been harpooned in lawsuits filed by U.S. regulators against exchanges Binance and Coinbase last week, hammering the prices of the…
By Ann Saphir and Michael S. Derby (Reuters) – Federal Reserve officials sit down Tuesday for their first meeting in 15 months with no pre-determined interest rate hike on the table in what amounts to the debut gathering of the “will-they-or-won’t-they” era. With still-too-hot inflation riding their heels but abundant uncertainty about both the economic…
A look at the day ahead in U.S. and global markets from Samuel Indyk. Jerome Powell and his band of brothers on the Federal Open Market Committee will be sitting nervously. At 0830 EDT (1230 GMT), the Bureau of Labor Statistics will release its latest consumer price data, which could go some way to determining…
WASHINGTON (Reuters) – U.S. small business confidence rebounded in May, but worries about the economy’s outlook and inflation remained, according to a survey released on Tuesday that also showed businesses still eager to hire more workers. The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose 0.4 point to 89.4 last…
By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors has signaled in a series of recent announcements on plant retoolings that it plans to keep its largest and most profitable combustion trucks and SUVs in production longer than expected – another 10 to 12 years, according to analysts and suppliers. This should enable…
By David Lawder LIMA (Reuters) – World Bank President Ajay Banga wants the lender to focus on more “scalable, replicable” projects across Latin America and elsewhere for transport and infrastructure and digitization of government and financial services to speed development. Banga, on his first foreign trip since taking office, told Reuters on Monday that he…
By Sachin Ravikumar LONDON (Reuters) -British Prime Minister Rishi Sunak said on Monday he had rejected a plea from Boris Johnson to overrule an independent body and allow some of the former leader’s allies to join parliament’s upper chamber because he didn’t think it was right. Responding to critics within his ruling Conservative Party, which…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Many bond investors are keeping a defensive stance in managing their portfolios ahead of this week’s Federal Reserve policy meeting, as they brace for the end of the monetary policy tightening cycle this year and possible interest rate cuts sometime in 2024. Investors widely expect the U.S. central bank’s…
(Reuters) -HSBC has decided to wind down its wealth and personal banking business in New Zealand, the bank said on Tuesday, as it exits from less profitable businesses globally to focus on expanding in certain Asian markets. The process, as a result of a strategic review, will happen over several years in a phased manner,…
LONDON (Reuters) – British police said a man had been arrested in Nottingham, central England, after three people were found dead in the city’s streets, officers said in a statement on Tuesday. (Reporting by Sachin Ravikumar, Editing by Kate Holton)
