Dollar backs off highs after Fed officials suggest skipping June rate hike
(Updates prices throughout story, adds analyst comment in paragraphs 7 and 8, recasts lede and paragraphs 2, 3 and 4…
Economy
BlackRock’s CEO expects more rate hikes as inflation persists
By Davide Barbuscia and Tom Sims NEW YORK (Reuters) – BlackRock Inc Chief Executive Laurence Fink said on Wednesday that…
Argentine central bank logs biggest U.S. dollar purchase in five months
BUENOS AIRES (Reuters) – Argentina’s central bank purchased $451 million of foreign currency on Wednesday to bolster its dwindling hard…
Morgan Stanley expects trading, investment banking results to weaken
NEW YORK (Reuters) – Morgan Stanley expects to its revenue from trading and investment banking to slump in the second…
Walmart is raising wages for pharmacists, opticians in healthcare push
By Siddharth Cavale BENTONVILLE, Ark. (Reuters) – Walmart is raising wages for thousands of U.S. pharmacists and opticians, the retailer…
U.S. economy little changed, outlook ‘deteriorated’: Fed survey
By Ann Saphir and Howard Schneider (Reuters) – U.S. economic activity appeared to stall in recent weeks, a Federal Reserve…
Oil settles lower on weak China data, stronger US dollar
By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by a stronger U.S. dollar and weak data from…
Fed’s Harker: Inclined to ‘skip’ a rate hike in June
(Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said on Wednesday that for the moment he is inclined…
Brazil creates fewer than expected formal jobs in April
BRASILIA (Reuters) – Brazil’s formal job creation fell short of expectations in April, with a net of 180,005 positions, according…
Bank of England to take Bank Rate to 5.00% next quarter as inflation proves sticky: Reuters poll
By Jonathan Cable LONDON (Reuters) – The Bank of England will be far more aggressive in policy tightening than previously…