A look at the day ahead in U.S. and global markets from Mike Dolan Markets finally worked out May might be a bit bumpy after all. Another echo of March’s bank stock stress on Tuesday along with the alarming prospect of the U.S. government running out of cash in less than a month was enough…
PARIS (Reuters) – Finance Minister Bruno Le Maire said on Wednesday that he would meet with retailers and suppliers next week to discuss ways to break the food price inflation “spiral” by autumn, which is a major concern for cash-strapped consumers. Le Maire also told Franceinfo radio that economic growth remained solid in France despite…
(Reuters) – A fuel depot was on fire early on Wednesday near a crucial bridge linking Russia’s mainland with Crimea, a Russian official said, days after Moscow blamed Ukraine for an attack that set fire to an oil depot in Sevastopol. Flames and black smoke billowed over what appeared to be large tanks emblazoned with…
By Isla Binnie and Ross Kerber (Reuters) – Florida governor Ron DeSantis signed into law on Tuesday a bill barring state officials from investing public money to promote environmental, social and governance goals, and prohibiting ESG bond sales. The bill is one of the furthest-reaching efforts yet by U.S. Republicans against sustainable investing efforts, and…
TAIPEI (Reuters) – Taiwan is seeking U.S. cooperation to make the island’s next domestically developed fighter jet, the head of Taiwanese defence contractor Aerospace Industrial Development Corp (AIDC) said on Wednesday. Taiwan’s air force scrambles daily to see off incursions by Chinese jets into the airspace around the island as Beijing steps up its pressure…
CAIRO (Reuters) – Egypt’s current account turned a surplus for the first time in years in the October-to-December quarter as imports dropped and exports rose, the central bank said in a statement on Wednesday. Egypt imposed import restrictions during most of 2022 and continues to suffer an acute shortage of foreign currency. The current account…
By Parisa Hafezi DUBAI (Reuters) -Wary of re-igniting Iran’s worst political turmoil in years, the country’s rulers are resorting to new, less obtrusive tactics to punish women who refuse to wear the obligatory Islamic hijab. The methods, introduced following nationwide anti-government protests last year, combine use of security cameras with denial of state services to…
By Jack Queen (Reuters) – A friend of E. Jean Carroll on Tuesday backed up the writer’s account of being raped by Donald Trump, testifying during a civil trial that she received a phone call about the alleged attack minutes after it occurred. Author Lisa Birnbach told a jury in Manhattan federal court that she…
By Brendan O’Boyle and Kylie Madry MEXICO CITY (Reuters) -The United States will continue to accept migrants from Cuba, Haiti, Nicaragua, and Venezuela under a humanitarian program after May 11, when the COVID-19 health policy known as Title 42 is set to end, the U.S. and Mexican governments said on Tuesday. Mexico, for its part,…
BOGOTA (Reuters) – Colombia’s central bank on Tuesday raised its outlook for 2023 inflation to 9.5% from 8.7%, reflecting persistent consumer price growth that has prompted the bank’s board to raise its benchmark interest rate beyond market expectations. The outlook, issued by the central bank’s technical team, influences the interest rate decisions adopted by the…
