National Retail Federation lowers US consumer good import forecast for first half of 2023
By Lisa Baertlein LOS ANGELES (Reuters) – Closely watched U.S. retail trade forecasters on Monday lowered their import target for…
Economy
US households have $500 billion in excess savings, San Francisco Fed says
(Reuters) – U.S. households still have some $500 billion in excess savings compared to before the COVID-19 pandemic that could…
China, Pakistan urge Afghan aid be delinked from ‘political considerations’
By Ariba Shahid KARACHI, Pakistan (Reuters) – China and Pakistan on Monday urged donors to bridge gaps in humanitarian funding…
Mexican president backs U.S. dollar as globe’s ‘principal currency’
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador gave the U.S. dollar a vote on confidence on Monday…
Euro zone inflation will slow but momentum still high: ECB’s Lane
(Reuters) – Euro zone inflation will slow sharply this year but price growth momentum remains high for now, including for…
India says banking system sheltered from wider sector turmoil
By Shivangi Acharya NEW DELHI (Reuters) -India’s Financial Stability and Development Council (FSDC) considers the country’s banking system to be…
US wholesale inventories unchanged for second straight month; sales drop
WASHINGTON (Reuters) -U.S. wholesale inventories were unchanged for the second straight month in March, while softening demand meant that it…
U.S. dollar struggles, pound hits one-year high
By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar remained relatively weaker against most of its major…
Brazil’s Itau Unibanco first-quarter net profit up 14.6%
SAO PAULO (Reuters) -Itau Unibanco Holding SA, Brazil’s biggest private bank, reported on Monday first-quarter recurring net profit up 14.6%…
‘We can’t afford anything’: Turkey’s cost-of-living crisis threatens Erdogan’s re-election
By Ali Kucukgocmen ISTANBUL (Reuters) – Istanbul barber Hakim Ekinci, a long-time supporter of Tayyip Erdogan, won’t be voting for…