BEIJING (Reuters) – China’s central bank said on Thursday it would keep liquidity reasonably ample and keep its policy “precise and forceful” to support the country’s economic recovery, amid rising headwinds. Data for July has highlighted the intensifying pressure on the economy on a number of fronts, including a property downturn and deflationary pressure, prompting…
By Andrew Goudsward and Jacqueline Thomsen (Reuters) – The U.S. Senate on Tuesday confirmed an Ohio public interest lawyer as President Joe Biden’s latest nominee to the 6th U.S. Circuit Court of Appeals in a vote that was largely along party lines. Rachel Bloomekatz was approved by a vote of 50-48 to the Cincinnati-based appeals…
By Mehnaz Yasmin and Nupur Anand (Reuters) -First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more than $100 billion in the first quarter and it was exploring options such as restructuring its balance sheet. The deposit slump overshadowed profits that beat expectations for…
By Valerie Volcovici WASHINGTON (Reuters) -The Biden administration on Friday announced it will hold a wind energy auction for two areas off the coast of North and South Carolina in May as part of its plan to ramp up a nascent clean energy industry. The move is the latest in a broad government effort to…
LONDON (AP) — Britain’s treasury chief is defending his spending priorities after have critics attacked him for not doing enough to help families struggling with the biggest cut in living standards on record. Chancellor Rishi Sunak said Thursday that he understood families were struggling with rising prices but his options were limited because he is…
By Laila Kearney NEW YORK (Reuters) -Oil was on track for a second straight annual gain in a turbulent year marked by tight supplies following the war in Ukraine, weakening demand from the world’s top crude importer China and fears over global economic contraction. Crude surged in March with international benchmark Brent reaching $139.13 a…
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks on global indexes rose on Monday, with the Nasdaq and growth names leading gains on Wall Street, while the U.S. dollar strengthened on talk of more sanctions against Moscow following international outrage over Ukraine civilian killings. Adding to investor caution, the 2-year/10-year Treasury yield curve remained inverted,…
BANGKOK (AP) — Shares were lower Friday in Asia after another bumpy day on Wall Street, as investors remain concerned about the broader impact of Russia’s invasion of Ukraine. Shares fell more than 2% in Tokyo and Hong Kong and declined in most other Asian markets. U.S. futures were lower. The S&P 500 fell 0.5%…
DRESDEN, Germany (Reuters) – A German court on Tuesday sentenced five men to several years behind bars for their involvement in a jewel heist in 2019 at a museum in Dresden which houses one of Europe’s greatest art collections. The pieces stolen from the break-in at the Gruenes Gewoelbe (Green Vault) museum in Dresden contained…
By Michael Erman and Leroy Leo (Reuters) -The U.S. Food and Drug Administration on Tuesday authorized a second dose of Omicron-targeting COVID-19 vaccines for older adults as well as those with a weak immune system. The agency also said the updated shots from Pfizer-BioNTech and Moderna would become the new primary COVID vaccine, and withdrew…
