World Bank approves $1 billion in financing for Ethiopia
(Reuters) – The World Bank said on Tuesday its board had approved a $1 billion credit for Ethiopia, as the…
Category: Economy
Switzerland, US agree on exchange of financial account data
ZURICH (Reuters) – Switzerland and the United States signed an agreement on Thursday for a mutual exchange of financial account…
Column-Ultra-loose financial conditions turn up summer heat on Fed: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – The virtuous cycle of loosening U.S. financial conditions and booming asset prices is…
US Treasury posts $210 billion surplus in April
(Reuters) – The U.S. federal budget surplus in April increased from a year earlier as a boost in tax receipts…
Green steel needs tiered incentives to become reality in Asia: Russell
By Clyde Russell SINGAPORE (Reuters) -It’s time for a reality check about decarbonising Asia’s vast and growing steel sector. Reducing…
FIS raises annual profit forecast on strong consumer spending
(Reuters) – Banking and payments processing conglomerate Fidelity National Information Services raised its forecast for annual adjusted profit and posted…
Investors pull $9.9 billion from hedge funds in March – Nasdaq eVestment
By Nell Mackenzie LONDON (Reuters) – Investors withdrew an estimated net $9.9 billion from hedge funds in March, up from…
Citadel’s flagship fund rose 2% in April, defying market turmoil
By Carolina Mandl NEW YORK (Reuters) -Citadel’s flagship fund, Wellington, rose 2% in April, overcoming a month of pain for…
NY Fed sees more time needed to shrink central bank holdings
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s effort to contract its balance sheet will likely run…
China central bank to set up $70 billion tech re-lending programme
BEIJING (Reuters) – China’s central bank will set up a 500 billion yuan ($70 billion) re-lending programme to support the…