Economy News

Global Finance & Economic Policies

Track global economic trends, policy decisions, financial markets, and international trade developments that shape the world economy.

Morning Bid: Powell says no rush needed on more rate cuts By Reuters

By Alden Bentley (Reuters) – A query at the day ahead in Asian markets. A heat studying on U.S. producer label inflation in October and hawkish feedback by Federal Reserve chair Jerome Powell weighed ...

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Powell says no need for Fed to rush rate cuts given strong economy By Reuters

By Ann Saphir and Howard Schneider DALLAS (Reuters) -Ongoing financial development, a stable job market, and inflation that stays above the two% target imply the U.S. central bank doesn’t must speed t...

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Fed doesn’t need to be in hurry to cut rates as economic strength persists: Powell By Investing.com

Investing.com — Federal Reserve Chairman Jerome Powell mentioned Thursday that economic system is no longer truly signalling a want for tempo on fee cuts because the contemporary energy permits the Fe...

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Bank of Mexico lowers key interest rate to 10.25% By Reuters

MEXICO CITY (Reuters) – The Monetary institution of Mexico diminished its benchmark price of interest by 25 basis facets to 10.25% in a unanimous decision, it said on Thursday, its third consecutive p...

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Exxon Mobil to cut nearly 400 jobs in Texas, filing says By Reuters

DENVER (Reuters) -Exxon Mobil will decrease virtually 400 jobs in Texas following its aquire of shale producer Pioneer Pure Assets (NYSE:), based mostly totally on a regulatory submitting. The company...

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Geopolitics overshadow COP29 talks on climate cash, as Argentina walks away By Reuters

By Kate Abnett, Olesya Astakhova and Virginia Furness BAKU (Reuters) -Countries at the COP29 summit tried to manufacture progress on develop as a lot as $1 trillion in local weather finance for the wo...

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Wholesale prices rose 0.2% in October, in line with expectations

Customers shop at a Costco Wholesale store in Miami on Dec. 15, 2023. Joe Raedle | Getty Photos Files | Getty Photos Wholesale prices nudged increased in October, though largely in accordance with exp...

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Fed’s Kugler says Fed has made good progress on achieving mandates By Reuters

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve governor Adriana Kugler acknowledged Thursday the central financial institution has made appreciable development in working to accomplish its jo...

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Sotheby’s settles New York tax fraud case, pays damages By Reuters

By Jonathan Stempel NEW YORK (Reuters) -Sotheby’s can pay $6.25 million and undertake reforms to make a decision Contemporary York Attorney Overall Letitia James’ lawsuit accusing the famed public sal...

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Euro zone industrial production falls more than expected in Sept By Reuters

FRANKFURT (Reuters) – Euro zone industrial production fell extra than expected in September with Germany struggling basically the most attention-grabbing tumble among the bloc’s most attention-grabbin...

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Climate talks urged to find $1 trillion a year for poorer countries By Reuters

By Kate Abnett, Olesya Astakhova and Virginia Furness BAKU (Reuters) – Pay now to abet poorer international locations deal with native climate change or pay extra later, negotiators have been warned o...

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ECB to cut interest rates further as prices converge towards goal, De Guindos says By Reuters

MADRID (Reuters) – The European Central Monetary institution is on its direction to lower hobby rates additional as recent euro zone records instruct inflation will not be astray to reach the bank’s 2...

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