By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, who navigated a combative White House and a pandemic in his first years as head of the U.S. central bank, is facing a critical chapter in his leadership with a battle against inflation still unresolved, worries about recession widespread, and developing criticism of the…
By Jason Lange and James Oliphant WASHINGTON (Reuters) – President Joe Biden continues to hold an edge over potential Republican challengers Donald Trump and Ron DeSantis as the 2024 U.S. presidential election draws closer, according to the latest Reuters/Ipsos poll. But there are potential hazards ahead for Biden should the situation at the U.S. southern…
By Ira Dugal MUMBAI (Reuters) – The Indian government-backed National Bank for Financing Infrastructure and Development (NaBFID) expects to sanction close to 1 trillion rupees ($12.23 billion) in loans this financial year, its top executive told Reuters on Tuesday. The infrastructure lender, which started operations last year, has sanctioned in-principle loans worth 450 billion rupees…
By Chayut Setboonsarng and Panu Wongcha-um BANGKOK (Reuters) – Thailand’s two main opposition parties agreed on Monday to form a ruling coalition after they trounced in a weekend election military-backed rivals that have controlled government for nearly a decade. The Move Forward party and opposition heavyweight Pheu Thai dominated Sunday’s ballot in a rout of…
By William Schomberg and Sachin Ravikumar LONDON (Reuters) -Britain’s unemployment rate rose and there were other signs of less inflationary heat in the labour market in data published on Tuesday, prompting investors to scale back some of their bets on further Bank of England interest rate hikes. The jobless rate edged up to 3.9% in…
By Andrew Hay and Steve Gorman (Reuters) -An 18-year-old gunman stalked through a New Mexico neighborhood on Monday firing randomly at bystanders, houses and cars, killing three people and wounding six before police shot him dead outside a church, authorities said. The late-morning shooting spree unfolded in a residential area of Farmington, New Mexico, a…
By Kirsty Needham SYDNEY (Reuters) – Papua New Guinea Prime Minister James Marape said that the United States had been a “silent” security partner to his nation but that a defence cooperation pact to be signed when Joe Biden arrives Monday will see Washington “stepping out”. Biden will be the first sitting U.S. president to…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks slouched to a higher close on Monday, and benchmark Treasury yields rose amid flickering optimism that Washington will get past partisan wrangling and reach a debt ceiling deal. While all three major U.S. stock indexes ended green, market participants appeared to show little conviction as first-quarter…
By Ted Hesson WASHINGTON (Reuters) -U.S. officials on Monday said there will be “tougher consequences” for migrants illegally crossing the southern border as U.S. President Joe Biden transitions away from COVID-19 restrictions known as Title 42 that allowed agents to quickly expel many migrants to Mexico over the past three years. The number of people…
By Jonathan Stempel NEW YORK (Reuters) -A former associate of Rudy Giuliani is suing him for sexual assault, accusing Donald Trump’s former personal lawyer of hiring her to fulfill his desire for a sexual relationship. In a civil complaint filed on Monday and seeking at least $10 million, Noelle Dunphy said Giuliani began abusing her…
