Reuters USA

SAO PAULO (Reuters) – Brazil’s retail sector started 2023 stronger than expected and with record high sales in January, although the outlook is that the tight credit scenario and weak economy amid high interest rates will weigh on the sector going forward. Brazil’s retail sales rose 3.8% in January compared with the previous month, the …

Retail sales in Brazil begins year with record high in January Read More »

By Raphael Satter WASHINGTON (Reuters) -America’s cybersecurity watchdog has no confidence that the cellular network used by American first responders and the military is secure against digital intrusions, U.S. Senator Ron Wyden said in a letter released Wednesday. The letter from the Oregon Democrat, a member of the intelligence committee, was addressed to the National …

Cyber watchdog has ‘no confidence’ in US emergency cell network security -senator Read More »

OTTAWA (Reuters) – The Bank of Canada on Wednesday increased its 2023 growth forecast to 1.4%, up from the 1.0% it predicted in January, and indicated it saw less risk of a recession this year. In its quarterly Monetary Policy Report, the central bank also said inflation should drop quickly to around 3% by mid-2023 …

Bank of Canada sees stronger 2023 growth, indicates recession risk has shrunk Read More »

By Jonathan Stempel (Reuters) -Warren Buffett said people should not be panicked about the banking industry or the safety of U.S. bank deposits, despite the recent failures of Silicon Valley Bank and Signature Bank. The billionaire chairman of Berkshire Hathaway Inc said that while more banks “will go bust,” the industry’s recent problems do not …

Buffett: Do not panic about U.S. banks and deposits Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the Federal Reserve will raise interest rates again next month. The report from the Labor Department on Wednesday, however, had some encouraging news on …

US consumer price gains slow; underlying inflation still hot Read More »

(Reuters) – The European Central Bank needs to keep raising interest rates and the inflation outlook alone would warrant another 50 basis point increase in May, Austrian Central Bank chief Robert Holzmann told a German newspaper. The ECB has raised rates by 350 basis points since July, including three back-to-back 50 basis point increases, but …

Euro zone inflation outlook warrants 50 bps hike in May: ECB’s Holzmann Read More »

By Jarrett Renshaw and Ahmed Aboulenein (Reuters) -The Biden administration on Wednesday proposed new privacy protections to prevent women’s health information from being used to investigate or sue people who obtain or facilitate abortions, senior administration officials said. The proposal by the U.S. Department of Health and Human Services is aimed at protecting women living …

Biden abortion rule seeks to protect women crossing state lines Read More »

By Ann Saphir (Reuters) -The Federal Reserve is likely to raise its policy rate once more in May to a range of 5.00%-5.25%, according to interest rate futures, even after a government report on Wednesday showed March consumer prices notched their smallest gain in almost two years. U.S. short-term interest rate futures rose after the …

Fed rate hike in May still the odds-on bet Read More »

WASHINGTON (Reuters) – The Republican Party plans to hold its first 2024 U.S. presidential primary debate in August in Milwaukee, Republican National Committee Chairwoman Ronna McDaniel said on Wednesday. The debate will be broadcast on Fox News, she said in an interview with the cable television channel. The RNC will also “get away from Big …

Republicans set first 2024 U.S. primary debate for August in Milwaukee Read More »