Weak retail sales, manufacturing output data point to slowing US economy
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in March as consumers cut back on…
Economy
Fed’s Bowman says bank failures not indictment of broader regulatory regime
(Reuters) – Federal Reserve Governor Michelle Bowman said on Friday that the recent failures of Silicon Valley Bank and Signature…
Wells Fargo profit exceeds estimates as rising rates bolster income
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo & Co’s profit surpassed expectations for the first…
JPMorgan sees Turkey lira diving towards 30 per dollar after elections
By Marc Jones LONDON (Reuters) – Turkey’s lira is likely to drop sharply and could near 30 to the dollar…
Russia raises 2023 GDP growth forecast, longer-term outlook worsens
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia’s economy ministry revised higher on Friday its 2023 gross domestic product…
U.S. imposes sanctions on Chinese companies in action over fentanyl
WASHINGTON (Reuters) – Washington on Friday imposed sanctions on two entities based in China, accusing them supplying precursor chemicals to…
European banks surge on strong Q1 results from U.S. peers
(Fixes typo in first paragraph) By Joice Alves LONDON (Reuters) – European banks surged on Friday, rising to a one-month…
HSBC warns France sale in jeopardy over capital concerns
By Lawrence White LONDON (Reuters) -HSBC’s planned sale of its French retail banking business to Cerberus-backed My Money Group could…
Africa needs bilateral help to cope with major funding squeeze, IMF says
By Joe Bavier WASHINGTON (Reuters) -Africa is facing a severe financing squeeze that, on the back of a series of…
US business inventories rise moderately in February
WASHINGTON (Reuters) – U.S. business inventories rose moderately in February, suggesting that inventory investment could subtract from economic growth in…