By Ali Kucukgocmen and Henriette Chacar ANTAKYA, Turkey (Reuters) -Turkey launched a temporary wage support scheme on Wednesday and banned layoffs in 10 cities to protect workers and businesses from the financial impact of the massive earthquake that hit the south of the country. A 7.8 magnitude earthquake on Feb. 6 killed more than 47,000 …
Turkey offers economic support in earthquake zone Read More »
WINDHOEK (Reuters) – U.S. first lady Jill Biden has arrived in Namibia on the first stop on a five-day Africa tour, part of a push by the United States to strengthen its ties on the continent. Biden landed at the airport in Namibia’s capital Windhoek on Wednesday afternoon before heading to Heroes’ Acre, a war …
By Steven Scheer JERUSALEM (Reuters) -Israel’s shekel fell 1.5% versus the dollar on Wednesday amid a plan to overhaul the country’s judiciary, continuing a rapid decline that could prompt central bank intervention. The shekel stood at 3.68 versus the U.S. currency, its lowest level since March 2020, after weakening 1.6% on Tuesday. Since hitting a …
Eyes on Israel central bank as judicial push keeps shekel tumbling vs dollar Read More »
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index will add to its rally this year and hit a record high in 2024 as the Bank of Canada turns less hawkish and China’s reopening boosts demand for commodities, a Reuters poll found, but the upswing will be less than previously thought. The median prediction …
Toronto stocks seen up 6.2% by year-end, despite ‘wall of worry’: Reuters poll Read More »
(Reuters) – The Federal Reserve needs to get inflation on to a sustainable path down toward its 2% goal this year or else risk a repeat of the 1970s, when interest rates had to be repeatedly ratcheted up, St. Louis Fed President James Bullard said on Wednesday. “If inflation doesn’t start to come down, you …
Bullard calls on Fed to get inflation under control this year Read More »
BERLIN (Reuters) – German trade with Central and Eastern Europe climbed to a new high of 562 billion euros ($597.52 billion) in 2022 despite a drastic decline in German exports to Russia, the German Eastern Business Association said on Wednesday. German exports to Russia plummeted dramatically in 2022, as European Union sanctions targeted Moscow for …
German trade with Central and Eastern Europe at record high – business group Read More »
By Keith Coffman DENVER (Reuters) – The individual accused of fatally shooting five people inside a Colorado LGBTQ nightclub last year was due in court on Wednesday for a preliminary hearing in which a judge will decide whether there is enough evidence to try the suspect for murder. Anderson Lee Aldrich, 22, has been held …
Accused Colorado LGBTQ club shooter back in court for preliminary hearing Read More »
By Sinéad Carew NEW YORK (Reuters) – Wall Street’s benchmark S&P 500 index is expected to advance about 5% from Tuesday’s close by year-end although high interest rates and inflation have many strategists in a Reuters poll predicting a correction within the next three months. The S&P 500 was expected to end 2023 at 4,200 …
S&P 500 index seen climbing 5% by end of 2023: Reuters poll Read More »
(Reuters) – The average interest rate on the most popular U.S. home loan rose last week to its highest since November as bond markets took fright that the Federal Reserve might have to continue tightening policy through summer to subdue inflation, data from the Mortgage Bankers Association (MBA) showed on Wednesday. The average contract rate …
U.S. mortgage interest rates jump to highest level since November – MBA Read More »
(Reuters) – The White House on Wednesday will unveil a plan to reduce mortgage insurance fees charged to first-time home buyers, helping an estimated 850,000 borrowers save about $800 a year on the cost of a typical loan, it said in a statement. Vice President Kamala Harris will announce the plan to lower fees on …
White House to roll out plan to lower first-time home buyers’ mortgage costs Read More »
