Economy News

By Wayne Cole SYDNEY (Reuters) - Australia has appointed the first female head of its central bank, passing over the current governor to elevate his deputy to the high-profile job...

BRUSSELS (Reuters) - Euro zone finance ministers agreed on Thursday that the single currency area needed a "determined, gradual and realistic" reduction of government spending to...

By Kevin Buckland TOKYO (Reuters) - Asian stocks rose on Friday, on course for their best week this year, as a cooling in U.S. inflation stoked speculation that the Federal...

By Lewis Jackson, Stella Qiu and Wayne Cole SYDNEY (Reuters) - Reserve Bank Deputy Governor Michele Bullock will take over from Governor Philip Lowe in September and has already...

By Ankur Banerjee SINGAPORE (Reuters) - The dollar hovered at 15-month lows on Friday after a steep dive overnight, as markets wagered the Federal Reserve was close to the end of...

By Valentine Hilaire MEXICO CITY (Reuters) -The Mexican government is no longer interested in purchasing Citigroup (NYSE:C)'s local retail arm, known as Banamex, a government...

By Wayne Cole SYDNEY (Reuters) - The head of Australia's central bank suffered an early end to his 43-year career on Friday as past missteps in pandemic policy so tested public...

Investing.com-- The Reserve Bank of Australia said on Friday that the government had named Michele Bullock as its next governor, making her the bank’s first female leader after...

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said Thursday he’s not ready to call an all clear on U.S. inflation and favors more rate rises...

JOHANNESBURG (Reuters) -The International Monetary Fund's executive board has approved an immediate $189 million disbursement to Zambia following its first review of a $1.3...

SYDNEY (Reuters) - Australia on Friday appointed Michele Bullock as the next central bank governor, replacing Philip Lowe. Reserve Bank of Australia (RBA) Governor Lowe's...

By Wayne Cole SYDNEY (Reuters) - The head of Australia's central bank will not be reappointed for a second term as the Labor government seeks a new pair of hands for an...

By Nandita Bose and David Shepardson WASHINGTON (Reuters) -Democratic U.S. Senator Joe Manchin said on Thursday he would oppose the nomination of Julie Su as labor secretary,...

By Moira Warburton WASHINGTON (Reuters) - A bipartisan group of U.S. lawmakers on Thursday pushed to include a provision allowing medical research of psychedelic drugs as part of...

WASHINGTON (Reuters) - The U.S.-based National Foreign Trade Council on Thursday blasted Canada for its refusal to back a global agreement to hold off on implementing digital...

By Daniel Wiessner (Reuters) - A group of Republican U.S. state attorney generals on Thursday warned the country's largest companies that certain workforce diversity policies...

By Liliana Salgado and Brad Brooks PHOENIX (Reuters) -A prolonged heat wave blanketed a swath of the U.S. stretching from California to South Florida on Wednesday, with...

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian equities are on course Friday to round off their...

By David Brunnstrom WASHINGTON (Reuters) -The foreign minister of the Marshall Islands called on Thursday for more U.S. money to deal with the legacy of massive U.S. nuclear...

By Luc Cohen NEW YORK (Reuters) -A former Mozambique finance minister pleaded not guilty on Thursday to U.S. criminal charges over his alleged involvement in a fraud involving $2...

By Michael S. Derby and Ann Saphir (Reuters) -St. Louis Federal Reserve President James Bullard, a leading hawk at the U.S. central bank who pushed for aggressive interest rate...

By Sheila Dang (Reuters) - Twitter asked a U.S. court on Thursday to terminate a consent order with the Federal Trade Commission that governed the social media company's data...

Investing.com -- Bank borrowing from the Federal Reserve's emergency lending programs declined slightly for the week ended July 12, marking the second straight weekly decline,...

BUENOS AIRES (Reuters) -Argentines are tightening their wallets to make end meets as the South American country battles inflation which could surpass 140% on an annual basis this...

NAIROBI (Reuters) -Kenya's opposition on Thursday called for a third day of demonstrations against tax hikes on July 19, after previous protests saw several of Kenya's towns and...

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but...

Investing.com -- St. Louis Federal Reserve President James Bullard announced Thursday that he is stepping down from the bank on Aug. 14 to become the inaugural dean of the Mitchell...

By Sabrina Valle and Arunima Kumar HOUSTON (Reuters) -Exxon Mobil Corp on Thursday agreed to buy Denbury Inc for $4.9 billion to accelerate its energy transition business with an...

By Bansari Mayur Kamdar (Reuters) - U.S. companies are feeling the heat of decades-high interest rates and sticky inflation, with several of them filing for bankruptcy protection...

By Gabriela Baczynska BRUSSELS (Reuters) - The European Union's lending arm on Thursday unveiled a new fund worth 400 million euros ($447 mln) to spend on rebuilding Ukraine...

(Reuters) -Tornadoes and thunderstorms battered the greater Chicago area on Wednesday, temporarily forcing O'Hare and Midway airports to halt all air traffic, officials said, as...

(Reuters) -The Associated Press is licensing a part its archive of news stories to OpenAI under a deal that will explore generative AI's use in news, the companies said on...

By Andrea Shalal WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen will travel this week to India for meetings with Group of 20 finance officials and Indian officials,...

By Bernardo Caram and Rodrigo Viga Gaier BRASILIA/RIO DE JANEIRO (Reuters) -Leading members of Brazil's economic team said on Thursday they predict the central bank has room to...

By Nivedita Balu TORONTO (Reuters) - The Bank of Canada's interest rate hike on Wednesday and prospects of more increases heighten risks to mortgage lenders as homeowners are...