Fed’s hawks make a pitch against a rate-hike pause
(Reuters) – U.S. inflation does not look like it is cooling fast enough to allow the Federal Reserve to hit…
Economy
Egypt’s central bank leaves key interest rates on hold
(Reuters) – Egypt’s central bank kept its overnight interest rates unchanged on Thursday, saying that growth had slowed in the…
Bank of Canada’s Macklem says inflation coming down despite April gain
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Bank of Canada Governor Tiff Macklem suggested April’s inflation increase – the…
Rebounding margins silver lining for US retail firms in uncertain economy
By Aishwarya Venugopal (Reuters) – Lower input costs and inventories, as well as extended price hikes are pushing a quicker-than-expected…
IMF says Ghana targeting $10.5 billion in external debt relief
By Rachel Savage and Maxwell Akalaare Adombila JOHANNESBURG/ACCRA (Reuters) -Ghana is targeting $10.5 billion of external debt service relief from…
Schumer gives U.S. senators 24-hour return notice as debt talks proceed
WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer said on Thursday that lawmakers from his chamber should be ready…
European body to review question on Credit Suisse bankruptcy event
LONDON (Reuters) -A European body that reviews disputes in the credit default swaps market said on Thursday it will discuss…
U.S. Supreme Court rules against Amgen bid to revive cholesterol drug patents
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday ruled against Amgen Inc in its bid to revive…
Credit Suisse neared its cash limits days before rescue, filing shows
By Kirstin Ridley and Stefania Spezzati LONDON (Reuters) – Credit Suisse came close to falling below minimum levels of cash…
US weekly jobless claims fall; labor market defying recession fears
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected…