Economy News

By Jonnelle Marte, Ann Saphir and Howard Schneider (Reuters) - The U.S. economic recovery accelerated to a moderate pace from late February to early April as consumers, buoyed by...

By Andrea Shalal WASHINGTON (Reuters) - The U.S. Treasury Department on Wednesday unveiled a new office to oversee the implementation of economic relief programs, including nearly...

By Yasin Ebrahim Investing.com – The U.S. economic recovery remains on track supported by stronger consumer spending amid a pickup in the labor market and inflation that is...

By Marc Frank HAVANA (Reuters) - Retiring Cuban Communist Party leader Raul Castro promised a decade ago he would transform the Soviet-style command economy into a more mixed and...

By Anirban Sen and Elizabeth Dilts Marshall (Reuters) -JPMorgan Chase & Co's first-quarter results on Wednesday laid bare the challenge big banks face in this phase of the...

WASHINGTON (Reuters) - The Federal Reserve will reduce its monthly bond purchases before it commits to an interest rate increase, Fed Chair Jerome Powell said on Wednesday,...

By Yasin Ebrahim Investing.com - Federal Reserve Jerome Powell said Wednesday it is "highly unlikely" the central bank would lift rates before 2022 and reiterated that the pace of...

LONDON (Reuters) -British Prime Minister Boris Johnson said on Wednesday he shared concerns over a growing lobbying scandal involving former leader David Cameron who tried to get...

By Lucia Mutikani WASHINGTON (Reuters) - U.S. import prices increased more than expected in March, lifted by higher costs for petroleum products and tight supply chains, the...

By Huw Jones LONDON (Reuters) - Global banking rulemakers need to undertake further analysis to clarify if lenders need to build up bigger capital buffers to cover possible...

By Noor Zainab Hussain and David Henry (Reuters) -Wells Fargo & Co bounced back to a profit of almost $5 billion in the first quarter of 2021, ahead of Wall Street estimates as it...

(Reuters) - Dallas Federal Reserve Bank President Robert Kaplan said Wednesday it will be "a while" before the United States reaches full employment, even as he repeated his view...

BERLIN (Reuters) -Germany's economic institutes will cut their joint 2021 growth forecast for Europe's largest economy to 3.7% from 4.7% previously due to a longer than expected...

By Jonnelle Marte (Reuters) - After it shut down for two months last year, Jan-Ie Low and her family reduced the hours at their Las Vegas restaurant and converted much of their...

BRUSSELS (Reuters) - Euro zone countries should privide an additional fiscal stimulus of 3% of GDP in 2021-2022 to boost economic growth by 2% of GDP by the end of next year and...

CAIRO (Reuters) -The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute in Egypt is fit to sail once approval is given, its technical...

(Reuters) - Dollar General Corp (NYSE:DG) said on Wednesday it would recruit up to 20,000 employees this spring, the latest company to plan a hiring spree as more parts of the...

By Jan Strupczewski BRUSSELS (Reuters) - The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the bloc's unprecedented plan to make its...

BEIRUT (Reuters) - Lebanon's Central Bank said on Wednesday that its interventions had contained inflation at 84% in recent months, adding that inflation could have risen to as...

By Geoffrey Smith Investing.com -- Coinbase is set to go public via a direct listing at a reference price that values it north of $65 billion. Bitcoin and Dogecoin are basking in...

By Anna Mehler Paperny TORONTO (Reuters) - Pedro, a Mexican migrant worker, knew he had to leave the Ontario cannabis operation where he worked when so many of his coworkers...

By Huw Jones LONDON (Reuters) - Retail investors in mutual funds pay costs that are 40% higher than big institutional investors pay, making it harder for the European Union to...

By Julie Gordon OTTAWA (Reuters) - Canada's Liberal government will deliver on its promise to spend big when it presents its first budget in two years next week amid a fast-rising...

(Reuters) - The European Union adopted a funding strategy for its 800 billion euro coronavirus recovery funding plan on Wednesday, the EU commissioner for budget and...

By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the...

By Foo Yun Chee BRUSSELS (Reuters) - Amnesty International, Privacy International and 28 other civil and human rights groups on Wednesday urged EU lawmakers to take a strong stand...

FRANKFURT (Reuters) - The European Central Bank will act on any "detrimental" rise in borrowing costs and considers removing stimulus too early a bigger risk than acting too late,...

BEIJING (Reuters) - The Chinese foreign ministry said on Wednesday that China's special climate envoy, Xie Zhenhua, will meet with his U.S. counterpart John Kerry in Shanghai. At...

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda offered a cautiously optimistic view of the economy, saying it would continue to...

PARIS (Reuters) - French Finance Minister Bruno Le Maire reaffirmed on Wednesday that the French economy should grow by 5% in 2021, and told BFM TV that financial aid measures to...

By Jonathan Spicer and Marc Jones ISTANBUL (Reuters) - Turkey's fourth central bank chief in less than two years will oversee his first policy decision on Thursday, after...

By Mike Dolan LONDON (Reuters) - Just as long-dormant inflation finally rears its head again, there are some signs that financial markets may already have overestimated the impact...

(Bloomberg) -- New Zealand’s central bank signaled it is in no rush to remove monetary stimulus, saying the outlook remains uncertain as the economy gradually recovers from the...

BEIJING (Reuters) - Data collected from Tesla (NASDAQ:TSLA) Inc's electric cars in China is stored in China, the U.S. automaker's vice president said, after reports that China's...

(Bloomberg) -- Chinese authorities want failing local government financing vehicles to restructure or go bust if they can’t repay their debts, suggesting the state-linked sector is...