By Kanishka Singh (Reuters) – Tornadoes and thunderstorms hit the U.S. Midwest and South on Sunday, leaving dozens of homes damaged and at least three people dead in Indiana and Arkansas, authorities said on Monday. The National Weather Service said multiple tornadoes and severe storms were reported on Sunday in central Indiana and Arkansas. Emergency…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams played down the linkage between monetary policy and financial stability in comments made public Monday, while also warning that using rate policy to tame bubbles can bring unwanted economic pain. His comments came from a presentation made on Sunday…
BRASILIA (Reuters) – Brazil Treasury secretary Rogerio Ceron on Monday said the sooner monetary easing begins, the sooner conditions will be created for an “adequate” 2024, emphasizing that high interest rates have an impact on the public debt cost. In an interview with local news channel BM&C News, Ceron said that nearly 90% of the…
BERLIN (Reuters) – Germany was set to raise its minimum wage by 3.4% to 12.41 euros ($13.53) an hour from 2024, based on the proposals of government-appointed commission on Monday, although unions and analysts said the hike would not be enough to cover inflation. Labour Minister Hubertus Heil said he would accept the proposals –…
By Dave Graham MEXICO CITY (Reuters) – Urbane, socially progressive and eager to put Mexico on the world stage, Marcelo Ebrard presents a sharp contrast to the popular, sharp-tongued defender of the country’s impoverished hinterlands he hopes to succeed as president. Having followed once in the footsteps of President Andres Manuel Lopez Obrador as mayor…
Karachi, PAKISTAN (Reuters) -Pakistan’s central bank raised its benchmark interest rate by 100 basis points to 22% at an emergency meeting on Monday, a day after the country revised its budget for the fiscal year from July 1 in a bid to rescue an IMF programme that expires in days. Analysts said Monday’s decision was…
STOCKHOLM (Reuters) – Sweden’s path to NATO membership remains blocked by Turkey and Hungary ahead of a July summit in Vilnius where it hopes to join Nordic neighbour Finland as a full member of the alliance. Finland, which applied together with Sweden, joined NATO in April, but Turkey continues to block Swedish membership citing security…
By David Gauthier-Villars (Reuters) – Anti-corruption authorities in the United States and Sweden are reviewing a complaint alleging that the Swedish affiliate of a U.S. company pledged to pay tens of millions of dollars in kickbacks if a son of Turkey’s President Recep Tayyip Erdogan helped it secure a dominant market position in the country….
By Mai Shams El-Din CAIRO (Reuters) – A Sudanese-Canadian citizen has been separated from an adopted sister and her children and is trying to help them secure safe passage out of Sudan where they have been stranded for over 10 weeks by the war between rival military factions. Sami Atabani said he hoped the Canadian…
KYIV (Reuters) – Ukraine’s central bank could start cutting its key rate by one to two percentage points in coming months, notes from the central bank’s committee for monetary policy showed on Monday. The bank has kept its main rate unchanged at 25% since last summer, when it increased the rate to tame growing consumer…
