Reuters USA

Yellen says ‘absolutely necessary’ for G20 to condemn war in Ukraine

By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters that a strong statement condemning Russia’s war in Ukraine was “absolutely necessary” for a communique from the G20 finance leaders’ meeting in India concluding on Saturday. Yellen said in an interview that leaving a war condemnation out of the communique would be …

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Yellen says U.S. inflation fight ‘not a straight line’ after price rise data

By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Saturday that new U.S. data showing inflation jumped unexpectedly in January signals that the fight against inflation “is not a straight line” and more work is needed. In an interview with Reuters at a G20 finance leaders meeting in India, Yellen …

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World Bank promises ‘concessionality’ in debt restructuring

BENGALURU (Reuters) -The World Bank will “provide as much concessionality to the debt treatment” for distressed economies as possible, its president told a meeting with the International Monetary Fund, India, China, and other creditor nations on Saturday. The remarks come amid calls by China, the world’s largest bilateral creditor, that global lenders should take haircuts …

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Thai economy to grow 3.8% this year, inflation to ebb – minister

By Orathai Sriring and Satawasin Staporncharnchai BANGKOK (Reuters) – Thailand’s economy is expected to grow 3.8% this year, helped by a rebound in the vital tourism sector, while inflation should cool to its target range, the finance minister said on Saturday. Domestic spending has increased and the government will accelerate large project investment to help …

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Peru president announces return of ambassador from Mexico

LIMA (Reuters) – Peru’s President Dina Boluarte announced on Friday the return of the country’s ambassador in Mexico in response to comments from her Mexican counterpart branding her government as unconstitutional. Boluarte said the remarks made earlier on Friday by Mexican President Andres Manuel Lopez Obrador about her administration go against the international right to …

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U.S. targets Russia with sanctions, Moscow says measures won’t work

By Steve Holland, Jonathan Landay and Andrea Shalal WASHINGTON (Reuters) -The United States marked the first anniversary of Russia’s invasion of Ukraine on Friday with $2 billion in weaponry for Kyiv and new sanctions against Russia aimed at undermining Moscow’s ability to wage war. U.S. President Joe Biden’s administration unveiled the sanctions as the Group …

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Florida bill would ban gender studies majors, diversity programs at universities

By Sharon Bernstein (Reuters) – Florida Governor Ron DeSantis would gain more influence in the state’s public university system, and majors involving gender studies or critical race theory would be eliminated if a bill filed this week wins support from the Republican-controlled legislature. The new measure, which largely reflects a legislative agenda announced by DeSantis …

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BlackRock cooperating with SEC probe of investment advisers’ communications

(Reuters) – BlackRock Inc said it was cooperating with a U.S. Securities and Exchange Commission investigation into record keeping of electronic communications of its investment advisers, according to a filing on Friday. The asset manager is the latest in a list of financial firms under the regulator’s scrutiny. Earlier this week, Wells Fargo said U.S. …

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Texas prosecutors can’t target groups that fund out-of-state abortions -judge

By Brendan Pierson (Reuters) – Local prosecutors in Texas cannot use state laws that are more than 60 years old to prosecute organizations that help fund and arrange travel for Texans to obtain abortions in other states where it is legal, a federal judge ruled Friday. U.S. District Judge Robert Pitman in Austin said that …

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