Nigeria raises rates again to halt continued inflation rise
By Chijioke Ohuocha and Camillus Eboh ABUJA (Reuters) -Nigeria’s central bank raised its main interest rate by another 50 basis…
Economy
Explainer-U.S. debt ceiling focus on ‘discretionary spending’ means cuts ahead
By Jarrett Renshaw and Andy Sullivan WASHINGTON (Reuters) -The central pillar of any debt-ceiling agreement between President Joe Biden and…
Murmurs grow within Fed about tweaking 2% target once inflation recedes
By Michael S. Derby (Reuters) – A couple of regional Federal Reserve presidents recently have signaled an openness to examining…
EU, U.S. to seek stopgap standards for AI – EU tech chief
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union and the United States are set to step up cooperation on…
EU court rejects Meta challenge to antitrust information requests
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms suffered a setback on Wednesday as Europe’s second-top court ruled as…
IMF’s Georgieva confident US will not default on debt
By Andrew Mills DOHA (Reuters) -The managing director of the International Monetary Fund (IMF) Kristalina Georgieva said on Wednesday she…
South Africans face more interest rate hike pain as inflation sticks
By Kopano Gumbi JOHANNESBURG (Reuters) -South Africa’s central bank will likely extend its tightening cycle and push rates cuts further…
Higher interest rates boost hedge fund stock borrowing to record high – Goldman
By Nell Mackenzie LONDON (Reuters) – Borrowing across the global hedge fund industry has hit record highs, Goldman Sachs said…
Analysis-EU power battle risks denting planned safeguards for financial products
By Huw Jones LONDON (Reuters) – European Union plans to increase protections for consumers of financial services are reigniting a…
EU willing to consider changes to Italy reform plan, but Rome must be quick
BRUSSELS (Reuters) – The EU Commission said on Wednesday it was prepared to consider changes to a plan of reforms…