Federal Reserve Bank of Cleveland President Loretta Mester said Fed officials will need to raise interest rates “a little bit higher” and then hold them there for some time to bring inflation back toward their goal.
The UK government has sought to distance itself from the Confederation of British Industry following allegations of sexual harassment, drug use and rape among the business group’s staff.
Turks with dollars to sell get a better deal selling their greenbacks at Istanbul’s centuries-old Grand Bazaar gold market as officials keep the currency rates offered by banks on a tighter rein.
Finland selected Rafael Advanced Defense Systems Ltd to provide an air-defense system that will plug a hole in the weaponry of NATO’s newest member at the cost of €316 million ($346 million).
Poland kept interest rates unchanged, with the focus turning to how quickly Governor Adam Glapinski may pivot to cuts after inflation eased from the highest level in more than a quarter century.
Argentina must compensate investors for losses in the country’s growth-linked securities after the South American nation changed the method of calculating gross domestic product, a London court ruled. The notes surged to a four-year high.
Fulham Shore Plc’s stock soared Wednesday in London after the owner of the Franco Manca pizzeria chain received a takeover offer amid the company’s struggles in a hybrid-working world post Covid.
US companies added fewer jobs in March than forecast while wage growth slowed, underscoring labor demand that’s showing some signs of cooling.
Western Alliance Bancorp fell almost 7% in early New York trading after the regional bank updated its financial disclosures without saying more about its deposit balance.
Gold extended a surge to a 13-month high after US data showed the jobs market loosening more than expected, diminishing bets the Federal Reserve will hike interest rates again.
