(Reuters) -Minneapolis Federal Reserve President Neel Kashkari said on Monday it was a “close call” whether he would vote to raise interest rates or pause the central bank’s tightening cycle when it meets next month. Speaking on CNBC, Kashkari also said services inflation remained entrenched and that “it may be that we have to go…
By Yukiko Toyoda and David Dolan TOKYO (Reuters) -The leaders of the Group of Seven (G7) rich democracies this weekend pledged to “de-risk” without “decoupling” from China, an approach that reflected European and Japanese concerns about pushing Beijing too hard, officials and experts said. U.S. President Joe Biden and other G7 leaders wrapped up a…
TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida on Monday said he had no plan to resort to new tax measures to fund the government’s upcoming childcare package designed to reverse the country’s declining birthrate. The government in March laid out a plan to boost child care over the coming three years, but did not specify…
By Laura Matthews NEW YORK (Reuters) – BNY Mellon is expanding its offering of short-term investment products as investors chase higher yields, the bank announced on Monday. The bank is now offering access to mutual funds, interest-bearing deposits and sponsored cleared repurchase agreement sweep products through its LiquidityDirect platform, a portal for institutional investors. The…
BERLIN (Reuters) -Foreign investment in Germany was stable in 2022, data from Germany Trade & Invest (GTAI), showed on Monday, although the body’s head said it could be a challenge to retain investment from the biggest spender the United States. Last year, Germany attracted 1,783 new projects and expansions, 23 fewer than in 2021, but…
By Jamie McGeever ORLANDO, Florida (Reuters) -The curious dance between markets and the Federal Reserve now underway – Wall Street on a roll even as Fed officials say the most aggressive interest rate-hiking cycle in decades may need to go further – can partly be traced to the communications debacle of the “taper tantrum” exactly…
BERLIN (Reuters) -Germany’s government should tackle labour shortages by making it easier for immigrants to join the workforce, the DIHK Chambers of Commerce and Industry said on Monday, as it reaffirmed a forecast that the economy would flatline this year. Germany’s corporate sector is showing resilience, weathering high energy prices, rising interest rates and the…
TOKYO (Reuters) – Japan’s government may set up a new budget account to manage spending linked to childcare funding reforms, the Nikkei business daily reported on Monday. Prime Minister Fumio Kishida has pledged to double childcare spending to reverse Japan’s dwindling birthrate, by making it easier for a both married couple to work and the…
PARIS (Reuters) – Investments that France needs to finance its transition to a low-carbon economy are set to add 25 percentage points to its debt burden by 2040, a report from the government-funded France Strategie think-tank said on Monday. France will need to make additional annual investments of about 67 billion euros ($74 billion) –…
By David Morgan, Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, after the two leaders held a phone call on Sunday as the president flew back to Washington that both sides described as positive. McCarthy, speaking to…
