Fed Latest: Ueda Says Below-Target Inflation Backs Easing Plan

[ad_1] Bank of Japan Governor Kazuo Ueda said price growth remains slower than the central bank’s goal, explaining why officials are continuing with their current monetary-policy strategy. Policymakers from around…

Fitch cuts virus-hit Italy’s credit rating to just above junk

[ad_1] ROME (Reuters) – Rating agency Fitch cut Italy’s credit rating to “BBB-minus” on Tuesday, just one notch above junk, saying the downgrade reflects the impact of the coronavirus pandemic…

Your Weekend Reading: Powell Tells the World He’s Staying the Course

[ad_1] August 26, 2023 at 7:30 AM EDT This week, Jerome Powell made no bones about the unwavering pursuit of his ultimate objective: 2%. The Federal Reserve chair reaffirmed yet…

Euro zone to discuss economic response as second COVID wave rages

[ad_1] BRUSSELS (Reuters) – As a second wave of coronavirus infections rolls across Europe, forcing more and more countries into lockdowns of varying severity, euro zone finance ministers will on…

Oil prices fall on weak economic data, interest rate worry – ET EnergyWorld

[ad_1] U.S. crude inventories fell by 6.1 million barrels in the week to Aug. 18 to 433.5 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.8…

ECB’s de Guindos says Yellen’s appointment good for global economy

[ad_1] FILE PHOTO: Former Federal Reserve Chairman Janet Yellen speaks during a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January…

Europe will need fiscal help into 2022: Lagarde

[ad_1] FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures as she addresses a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany,…

German banks should prepare for wave of insolvencies, says Bundesbank

[ad_1] FRANKFURT, Oct 13 (Reuters) – German banks should prepare for a surge in insolvencies as the coronavirus crisis pushes weaker companies over the edge and puts a question mark…

Nordea shareholders approve plan to move HQ from Sweden to Finland

[ad_1] By Johan Ahlander, Jussi Rosendahl STOCKHOLM/HELSINKI (Reuters) – Nordea NDA.ST, the Nordic region’s biggest bank, won shareholder approval on Thursday to transfer its headquarters from Sweden to Finland –…

VAT cut nudges German inflation deeper into negative territory

[ad_1] BERLIN, Oct 29 (Reuters) – German annual consumer prices fell further in October due a VAT cut as part of the government’s stimulus push to help Europe’s largest economy…