ECB’s Centeno says interest rates near peak, could ease in 2024
By Sergio Goncalves LISBON (Reuters) -The European Central Bank’s key interest rate is approaching its peak but further adjustments are…
Economy
Russia’s Jan-April budget deficit hits $44 billion as energy revenues plunge
(Reuters) – Russia’s federal budget recorded a 3.4 trillion rouble ($43.8 billion) deficit in the first four months of the…
Analysis-Pakistan’s deepening political crisis douses hopes for IMF relief
By Karin Strohecker, Jorgelina do Rosario and Ariba Shahid LONDON/KARACHI (Reuters) -The political crisis engulfing Pakistan is eroding hopes that…
Oil drops 2% after US data points to continuing rate hikes
By Shariq Khan BENGALURU (Reuters) -Oil prices fell about 2% in a volatile trade on Wednesday, on track to end…
First Citizens BancShares records $9.8 billion gain from Silicon Valley Bank purchase
(Reuters) – First Citizen BancShares Inc on Wednesday reported a gain of $9.82 billion in the first quarter from its…
Lucid losses put Saudi Arabia’s EV strategy in the headlamps
By Yousef Saba and Rachna Uppal DUBAI (Reuters) – Lucid’s electric vehicles are often displayed prominently at public events and…
Mothers may know best when it comes to money
By Chris Taylor NEW YORK (Reuters) – Whether they actively teach us about finances, or we just observe how they…
US debt ceiling impasse pushes government credit default swaps to record high
By Davide Barbuscia NEW YORK (Reuters) -The cost of insuring exposure to U.S. government debt rose to fresh highs on…
U.S. prosecutors look at short selling in bank shares – source
By Chris Prentice NEW YORK (Reuters) – Federal prosecutors in Washington are looking into short seller activity around the recent…
Analysis-Investors’ route to post-COVID China is via Europe
By Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Investors are getting more bang for their buck this year by…