By Moira Warburton WASHINGTON (Reuters) – Ben Savage, who starred in the 1990s sitcom “Boy Meets World,” is running for U.S. Congress in a Los Angeles-area district, aiming at a seat being vacated by Representative Adam Schiff, who is now running for Senate. “I’m running for Congress because it’s time to restore faith in government …
Former ‘Boy Meets World’ star Ben Savage to run for U.S. Congress Read More »
By Davide Barbuscia NEW YORK (Reuters) – Spooked by a flurry of hotter-than-expected U.S. economic and inflation data last month, investors are reviving trading strategies that bet on a higher peak in interest rates. The recalibration in inflation expectations has led some investors to bet on a policy rate of 6% or even higher. Risk …
Analysis-Investors revive inflation trades as 6% Fed rate risk grips Wall Street Read More »
(Reuters) – For the full text of Federal Reserve Chair Jerome Powell’s prepared remarks to Congress on Tuesday, please click: (Reporting By Dan Burns)
(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate are now pricing a half-point interest-rate hike when the Fed meets in two weeks, after Fed Chair Jerome Powell said continued strong inflation data could require tougher measures. Implied yields on fed funds futures contracts fell, pointing to a better-than-even probability seen that …
Fed seen delivering half-point rate hike this month Read More »
WASHINGTON (Reuters) – The International Monetary Fund says its executive board has agreed to temporarily increase the limits on member countries’ annual and cumulative access to IMF loan resources to help them cope with a particularly challenging and uncertain environment. In an announcement late on Monday, the Fund said its cumulative lending limits were increased …
IMF to temporarily raise borrowing limits to aid vulnerable countries Read More »
(Reuters) -Canada’s Ritchie Bros Auctioneers said on Tuesday it would pay a special dividend of $1.08 per share to its investors if they back its $7-billion deal for U.S. auto retailer IAA Inc. Shareholders of both the companies are set to vote on March 14 on the deal that will allow Ritchie to tap into …
Canada’s Ritchie to pay special dividend if investors back $7-billion IAA deal Read More »
By Liz Hampton and Erwin Seba (Reuters) – U.S. energy executives and top OPEC officials on Monday discussed concerns about a lack of spare oil production capacity at a private dinner on the sidelines of a Houston conference, an executive who attended said. The dinner with shale producers and OPEC officials continued a tradition that …
CERAWEEK-OPEC, US energy executives discuss tight capacity at Houston huddle Read More »
(Reuters) – Intercontinental Exchange Inc (ICE) and Black Knight Inc on Tuesday agreed to sell one of the mortgage data vendor’s unit to quell antitrust concerns, but said they would take the battle to court to save the deal, if necessary. Black Knight’s Empower loan origination system unit, which helps mortgage lenders manage costs and …
Black Knight sells unit to address FTC concerns on ICE deal Read More »
ANKARA (Reuters) – Turkey’s industrial production index is expected to have expanded 2.45% year-on-year in January, a Reuters poll showed on Tuesday, returning to growth after two months of contraction. Industrial activity had bounced back strongly after the initial coronavirus wave in April 2020 and expanded for more than two years straight. But annual growth …
Turkish factory activity returns to expansion in January Read More »
By Vivian Sequera and Mayela Armas CARACAS (Reuters) – Like many Venezuelans, Carmen Mendoza has learned to get by with a patchwork of different income streams in different currencies – her pension, renting out a property, and roughly $150 per month her two daughters send from Spain. But it is no longer enough. Resurgent inflation …
Venezuelans struggling to afford food – even if they have access to dollars Read More »
