Economy News

By Richard Cowan and David Lawder WASHINGTON (Reuters) -The U.S. Senate's $1 trillion bipartisan infrastructure bill does not pay for itself and would increase federal budget...

By Fred Greaves GREENVILLE, Calif. (Reuters) -The main thoroughfare in a historic California gold-rush town was in smoldering ruins on Thursday, hours after the state's largest...

(Reuters) - Minneapolis Federal Reserve President Neel Kashkari on Thursday said the highly transmissible Delta variant of the novel coronavirus could throw a "wrinkle" into the...

WASHINGTON (Reuters) - The $1 trillion bipartisan infrastructure bill being debated in the U.S. Senate would increase federal budget deficits by $256.1 billion over 10 years, the...

By Krystal Hu and Jeffrey Dastin (Reuters) -Amazon.com Inc on Thursday said it would not expect U.S. corporate employees to return to the office until next year because of the...

By Jonathan Stempel NEW YORK (Reuters) -A former head of Societe Generale (OTC:SCGLY) SA's Treasury desk in Paris can stay in France, rather than travel to the United States, to...

By Fergal Smith TORONTO (Reuters) - With some 60% of its population vaccinated against COVID-19, Canada tops a ranking of major countries fighting the pandemic, but that success...

By Tatiana Bautzer and Lisandra Paraguassu SAO PAULO/BRASILIA (Reuters) -Hundreds of business leaders representing large Brazilian banks and other companies on Thursday published...

WASHINGTON(Reuters) - The Biden administration is committing more than $3 billion in new funding for local governments to increase their resilience to climate change, the White...

By Fred Greaves COLFAX, California (Reuters) -A rapidly spreading wildfire burned homes and forced thousands to evacuate in two heavily wooded counties northeast of Sacramento in...

By Jamie McGeever BRASILIA (Reuters) - Brazil's central bank made clear on Wednesday it will do whatever it takes to tame inflation, a move that investors welcomed, but the...

WASHINGTON (Reuters) - Democrats should vote to raise the debt ceiling on their own, U.S. Senate Republican leader Mitch McConnell said on Thursday, as the federal government...

By Jonnelle Marte (Reuters) -The U.S. economic recovery is progressing rapidly, the labor market is improving and it may be possible for the Federal Reserve to start withdrawing...

By David Milliken, Francesco Canepa and William Schomberg LONDON (Reuters) -The Bank of England said on Thursday it could see a modest reduction ahead in the huge support it has...

By Jonnelle Marte (Reuters) -U.S. Federal Reserve Governor Christopher Waller said on Thursday that many of the financial challenges that could be tackled by a central bank...

By David Shepardson WASHINGTON (Reuters) -A U.S judge early Thursday ordered the Biden administration to quickly respond to a legal challenge to a new eviction moratorium put in...

(Bloomberg) -- Mortgage rates in the U.S. dipped to the lowest level in almost six months. The average for a 30-year loan was 2.77%, down from 2.8% last week and the lowest since...

(Bloomberg) -- Bank of England Governor Andrew Bailey rejected accusations that the central bank is improperly funding the government through the bond-buying program it revived to...

By Yoruk Bahceli (Reuters) - If bond markets are taken at their word, the world post-pandemic will be defined by stagflation, a toxic scenario that appears at odds with the...

By Angus Berwick (Reuters) - In late 2020, when Ugandan President Yoweri Museveni faced a fresh challenge to his 35-year rule, a new tool helped to silence his critics: anti-money...

By Kate Abnett BRUSSELS (Reuters) - Last month was one of the world's hottest Julys on record, behind only 2019 and 2016, with unusually high temperatures seen in regions from...

By Pete Schroeder and Howard Schneider WASHINGTON (Reuters) - The looming exit of the Federal Reserve's top regulatory official will give Democrats an opportunity to reverse the...

By Roslan Khasawneh and Muyu Xu SINGAPORE/BEIJING (Reuters) - Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as...

By Peter Nurse   Investing.com -- The U.S. looks set to ask foreign travellers to be fully vaccinated as China tightens travel restrictions to combat its latest Covid outbreak....

BERLIN (Reuters) -Nivea maker Beiersdorf's sales rose above pre-pandemic levels as demand for adhesives and its dermatological brands roared back, pushing the shares up by more...

(Bloomberg) -- China imposed new travel and movement restrictions across the nation, including in its highly protected capital of Beijing, as a delta-driven outbreak grew to over...

(Bloomberg) -- The Bank of England may move a step closer to tightening monetary policy, unwinding 900 trillion pounds ($1.2 trillion) government bond purchases while also opening...

By David Shepardson WASHINGTON (Reuters) -Landlord groups late Wednesday asked a U.S. judge in Washington to immediately lift a new eviction moratorium that was put in place...

(Bloomberg) -- China’s biggest broker of government bonds by trading volume is scaling up its overseas offices to attract more customers in the world’s largest financial...

(Reuters) - San Francisco Federal Reserve President Mary Daly on Wednesday said that mostly likely the U.S. central bank will be in position to begin to reduce its massive...

By Rich McKay ATLANTA (Reuters) - U.S. Treasury Secretary Janet Yellen said on Wednesday her department will use a 60-day extension of a moratorium on residential evictions to try...

By Lindsay (NYSE:LNN) Dunsmuir and Ann Saphir WASHINGTON (Reuters) - The U.S. economy is on track by the end of next year to meet the employment and inflation hurdles the Federal...

By Ann Saphir (Reuters) - The U.S. central bank should start reducing its bond-buying program "soon" and gradually, Dallas Federal Reserve President Robert Kaplan said on...

By Divya Chowdhury (Reuters) - Financial company AIA retains a positive outlook on China, driven by its long-term structural growth and commitment to open up financial markets to...

WASHINGTON (Reuters) - Senator Mark Warner said on Wednesday that Facebook Inc (NASDAQ:FB)'s move to disable the accounts of a group of New York University researchers who were...