U.S. Treasury’s Adeyemo sees no ability to ‘triage’ payments without debt limit hike
WASHINGTON (Reuters) – Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the…
Economy
Lazard names Orszag as CEO, Jacobs to become executive chairman
By Lananh Nguyen NEW YORK (Reuters) – Lazard Ltd said Peter Orszag, a banker and former White House official, will…
Explainer – Why does the UK have such a painful inflation problem?
By William Schomberg and Andy Bruce LONDON (Reuters) – British inflation fell in April but by less than expected and…
Factbox – Key ECB policymaker comments in run up to June policy meeting
(Reuters) – The following are comments from key European Central Bank policymakers in the run up to the June 15…
Companies beef up contingency plans ahead of US debt-ceiling deadline
By Laura Matthews NEW YORK (Reuters) -Some corporate treasurers are stepping up their contingency plans to address any upcoming funding…
Global money market funds attract heavy inflows as US debt ceiling looms
(Reuters) – Global money market funds drew inflows for a fifth straight week in the seven days to May 24…
Italy’s UniCredit expands payments partnership with Mastercard
ROME (Reuters) – Italy’s second-largest bank UniCredit said on Friday it had entered into an enlarged payments partnership with Mastercard….
After inauguration fanfare, immense economic challenges await Nigeria’s Tinubu
By MacDonald Dzirutwe and Libby George LAGOS (Reuters) – Nigeria’s incoming President Bola Tinubu will inherit anaemic economic growth, record…
Biden, McCarthy appear near two-year deal on US debt ceiling as default looms
By Nandita Bose, Jarrett Renshaw and David Morgan WASHINGTON (Reuters) -U.S. President Joe Biden and top congressional Republican Kevin McCarthy…
ECB’s Lane pushes back on core inflation worries
DUBROVNIK, Croatia (Reuters) – Falling energy prices will lower underlying inflation in the euro zone and rapid wage growth is…