NEW YORK/SAN FRANCISCO (Reuters) – Top Federal Reserve officials on Thursday showed little sign they are ready to veer from their patient stance on interest rates despite bond markets pointing to concern that the U.S.-China trade war will hurt growth. Fed Board of Governors Vice Chair Richard Clarida, speaking before an economics group in New […]
NEW YORK/SAN FRANCISCO (Reuters) – Top Federal Reserve officials on Thursday showed little sign they are ready to veer from their patient stance on interest rates despite bond markets pointing to concern that the U.S.-China trade war will hurt growth. Fed Board of Governors Vice Chair Richard Clarida, speaking before an economics group in New […]
LONDON (Reuters) – Barclays is plotting a revival of its Asian investment bank, defying activist Edward Bramson just weeks after he failed to convince fellow shareholders to back radical cuts to the British bank’s trading arm. Chief Executive Jes Staley wants to make Barclays Europe’s premier investment bank and then take on its global rivals […]
ISLAMABAD, Pakistan — A Pakistani Hindu man has been charged with blasphemy against Islam, in the latest case under a controversial law that critics say has been used to persecute and marginalize religious minorities. Ramesh Kumar Malhi, a veterinarian in the district of Mirpur Khas in the southern province of Sindh, was arrested on Monday […]
ATHENS (Reuters) – Greek lenders Alpha and Eurobank reported a drop in profit in the first quarter on Thursday, hurt by lower trading gains and a fall in net interest income. Alpha Bank, Greece’s fourth largest lender, reported net profit from continuing operations of 27.5 million euros ($30.58 million), down from 65.4 million euros in […]
NEW YORK – A top Federal Reserve official seemed in no rush to change the central bank’s posture on monetary policy, seeing the U.S. economy in “a very good place” and as close to policymakers’ goals as it has been in decades. “The U.S. economy is in a very good place, with the unemployment rate […]
BRASILIA (Reuters) – Brazilian state-run oil company Petrobras and sectors of the government are mobilizing in the lead-up to a Supreme Court session later on Thursday that could have a profound effect on privatizations in the country. In recent days, lawyers for Petroleo Brasileiro SA, as well as Brazil’s Ministry of Mines and Energy and […]
WASHINGTON (Reuters) – Contracts to buy previously owned homes unexpectedly fell in April, the National Association of Realtors said on Thursday. The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month. March’s index […]
SINGAPORE – A Singaporean director of two companies ran a “fly by night” operation in which 29 people invested more than $1 million in a pool to buy properties in the United States. Doris Tan Stephenson, who used to be known as Clara Tan Lisin, made the investment decisions alone and there was no indication […]
SINGAPORE – Once a hill reserved for royalty and avoided by locals, Fort Canning Park is now the site of the centrepiece of Singapore’s bicentennial experience. On Thursday (May 30), President Halimah Yacob launched the showcase – From Singapore to Singaporean: The Bicentennial Experience. It comprises an hour-long indoor cinematic journey called Time Traveller, which […]