By Leela de Kretser and Alexander Smith DAVOS, Switzerland (Reuters) – U.S. Secretary of State Antony Blinken told business and political leaders in Davos on Wednesday he could not think of a time in his career when there had been more global challenges, ranging from war in Gaza and Ukraine to tensions over Taiwan. Blinken …
Blinken says US in demand as he mourns ‘gutwrenching’ scenes in Gaza Read More »
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration said on Wednesday that inspections of an initial group of 40 Boeing 737 MAX 9 airplanes have been completed, a key hurdle to eventually ungrounding the planes after a Jan. 5 cabin panel broke off in mid-flight. On Friday, the FAA had said 40 out …
US FAA says first 40 inspections of Boeing 737 MAX 9 airplanes complete Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased more than expected in December, boosted by motor vehicle and online purchases, keeping the economy on solid ground heading into the new year. The upbeat report from the Commerce Department on Wednesday, which prompted economists to upgrade their economic growth estimates for the fourth quarter, cast …
Solid US retail sales give economy a boost heading into 2024 Read More »
By Douglas Gillison (Reuters) -The Biden administration on Wednesday unveiled new draft regulations officials said could save consumers $3.5 billion a year by curbing the fees large banks charge on overdrawn deposit accounts. The announcement marked the latest effort in U.S. President Joe Biden’s crackdown on the so-called junk fees consumers face across various industries …
Biden admin unveils proposed curbs on overdraft fees Read More »
(Reuters) – The Federal Reserve is still seen beginning interest rate cuts in March, though traders became a shade less confident on that start date and on the extent of further rate cuts this year after a U.S. government report Wednesday showed retail sales in December were stronger than expected. The 0.6% increase in retail …
Fed still seen starting rate cuts in March, traders bet Read More »
WASHINGTON (Reuters) – U.S. import prices were unexpectedly unchanged in December after two straight monthly decreases, but the trend in imported inflation remained subdued. The unchanged reading in import prices last month followed a revised 0.5% decline in November, the Labor Department’s Bureau of Labor Statistics said on Wednesday. Import prices were previously reported to …
DAVOS, Switzerland (Reuters) -Iran’s foreign minister said on Wednesday that attacks against Israel and its interests by the “Axis of Resistance” will stop if the Gaza war ends, warning that the conflict could heighten tensions across the Middle East. The Islamic Republic backs Palestinian Islamist group Hamas in its war with Israel, which has devastated …
Iran foreign minister in Davos: Attacks on Israel will end if Gaza war stops Read More »
By Elena Fabrichnaya, Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Countries whose sovereign bonds were purchased by Russia would not be considered in default if Western governments decide to confiscate frozen Russian reserves worth $300 billion, credit rating agencies Moody’s and S&P Global said. U.S. and British officials are pushing to seize Moscow’s assets …
Exclusive-No default risk in event of Russian asset confiscation: Moody’s, S&P say Read More »
WASHINGTON (Reuters) – The U.S. Treasury Secretary Janet Yellen said on Wednesday that the U.S. economy’s strong performance is evidence that President Joe Biden’s $1.9 trillion American Rescue Plan Act was the right approach in 2021 to avoid a slow and painful recovery from the COVID-19 pandemic. Yellen said in remarks to the U.S. Conference …
Yellen says U.S. economic performance ‘vindicates’ heavy COVID-era spending Read More »
LONDON (Reuters) – Nearly half of investors in Europe plan to cut their real estate allocations, according to a survey by trade body INREV, as a slide in valuations driven by higher borrowing costs and emptier offices continues. Forty-three percent of European investors intend to reduce their property allocations over the next two years, INREV’s …
Nearly half of European investors seek to cut property exposure, survey finds Read More »
