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Chicago Fed President Austan Goolsbee reacts as he heads into the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023.

Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says

Reuters |Updated 13 minutes ago |2 min read

By Ann Saphir (Reuters) -Progress on bringing down inflation has "stalled" this year, Chicago Federal Reserve President Austan Goolsbee said on Friday, becoming the latest U.S. central banker to drop an earlier focus on the coming need for interest ...

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Evercore consumer dealmaker Taetle is leaving the bank, sources say

Abigail Summerville |Updated 2 hours ago |1 min read

By Abigail Summerville NEW YORK (Reuters) - Adam Taetle, a senior managing director at Evercore who advised on several transactions in the consumer & retail industry, will be leaving the investment bank, according to people familiar with the ...

Bank of England's (BoE) Deputy Governor Dave Ramsden, attends the HKMA-BIS High-Level Conference in Hong Kong, China November 28, 2023.

Bank of England's Ramsden more confident UK inflation risks are ebbing

Reuters |Updated 12 minutes ago |2 min read

WASHINGTON (Reuters) -Bank of England Deputy Governor Dave Ramsden said on Friday that the risk of British inflation getting stuck too high had receded and it might prove weaker than the BoE's most recent forecasts. Ramsden, who has voted recently to ...

The entrance to oilfield service provider SLB's office in Houston, Texas, showing the former Schlumberger's new name and logo, is seen in this handout image taken June 2023. Courtesy of SLB/Handout via

Oilfield firm SLB's profit rises on international drilling demand

Reuters |Updated 32 minutes ago |2 min read

By Sourasis Bose and Arathy Somasekhar HOUSTON (Reuters) -Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, in line with analysts' estimates, as higher oil and gas drilling demand in the Middle East and Africa ...

The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023.

IMF urges Italy, France to spend less, Germany to loosen purse strings

Francesco Canepa |Updated 2 hours ago |3 min read

By Francesco Canepa WASHINGTON (Reuters) - Italy and France should cut spending faster than they currently plan to keep debt under control while Germany should loosen its own purse strings to revive growth, the International Monetary Fund said on ...

CEC (China Electronics Corporation) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023.

China moves to boost foreign investment in domestic tech companies

Reuters |Updated 2 hours ago |1 min read

BEIJING (Reuters) - China published measures on Friday aimed at promoting overseas investment in its technology sector, in a latest bid to attract foreign investors amid signs some are considering shifting away from the world's second-largest ...

Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023.

Worsening US debt outlook seen more in gold and bitcoin than in bonds

Reuters |Updated 3 hours ago |4 min read

(Reuters) - Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country's fiscal path, market observers say. The ...

U.S. and Chinese flags are seen in this illustration taken, January 30, 2023.

China slaps anti-dumping levy on import of a US chemical amid rising trade tensions

Reuters |Updated 3 hours ago |1 min read

BEIJING (Reuters) - China on Friday slapped a levy on imports of an acid from the United States widely used in food, feed, pesticides and medical fields, amid heightened tensions with Washington over bilateral trade. From Saturday, imports of ...

The UK-owned vessel Rubymar, which had sunk in the Red Sea after being struck by an anti-ship ballistic missile fired by Yemeni Houthi militants, is seen in this aerial view released on March 3, 2024. U.S. Central Command/Handout via

Shipping industry urges UN to protect vessels after Iran seizure

Reuters |Updated 3 hours ago |2 min read

LONDON (Reuters) - Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East and the United Nations must do more to protect supply chains, the industry said in a letter released on Friday. Tensions have ...

Figurines with computers and smartphones are seen in front of Facebook logo in this illustration taken, February 19, 2024.

Dutch privacy watchdog recommends government organisations stop using Facebook

Reuters |Updated 3 hours ago |1 min read

AMSTERDAM (Reuters) - The Dutch privacy watchdog AP on Friday said it was recommending that government organizations should stop using Facebook as long as it is unclear what happens with personal data of users of the government's Facebook pages. ...

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