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Will inflation come down this year? We're about to get a big clue
Will inflation come down this year? We're about to get a big clue
This week kicks off the second quarter earnings season, when firms in the US report on how much money they made (or didn't make) from April through June of 2023. It also brings a slew of new inflation data.
2023-07-11 19:27
Broadway shows could be shut down by strike as soon as Friday
Broadway shows could be shut down by strike as soon as Friday
A strike vote Thursday by IATSE, the union representing 1,500 stagehands and other backstage workers, could shut down Broadway shows as soon as Friday, according to the union.
2023-07-20 18:55
Microsoft Sales Top Estimates as Cloud Growth Picks Up Steam
Microsoft Sales Top Estimates as Cloud Growth Picks Up Steam
Microsoft Corp. posted its strongest sales increase in six quarters, bolstered by recovering cloud-computing growth amid demand for
2023-10-25 07:53
ECB’s Villeroy Urges Caution Over Bets on Future Rate Hikes
ECB’s Villeroy Urges Caution Over Bets on Future Rate Hikes
European Central Bank Governing Council member Francois Villeroy de Galhau said investor bets on interest-rate hikes are “excessively
2023-06-16 20:23
Dutch Lenders Slide as Parliament Approves Bank Tax Increase
Dutch Lenders Slide as Parliament Approves Bank Tax Increase
The Dutch parliament’s lower house has approved a proposal to raise taxes on banks and add a levy
2023-09-22 17:52
Google expected to unveil its answer to Microsoft's AI search challenge
Google expected to unveil its answer to Microsoft's AI search challenge
By Jeffrey Dastin Alphabet Inc's Google on Wednesday is expected to unveil more artificial intelligence in its products
2023-05-10 18:18
Wordline shares surge on report Credit Agricole could take stake
Wordline shares surge on report Credit Agricole could take stake
PARIS Shares in Worldline surged almost 12% on Friday after a media report said Credit Agricole was considering
2023-12-01 20:52
Why Janet Yellen’s frequent stops in India are important at a time of tensions with China
Why Janet Yellen’s frequent stops in India are important at a time of tensions with China
US treasury secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Ms Yellen will use her time in Gandhinagar to try to foster warming relations between the US and India. She also plans a stop in Hanoi, Vietnam, to address supply chain reliability, clean energy transition and other matters of economic resilience. Ms Yellen's goals for her time in India: press for debt restructuring in developing countries in economic distress, push to modernize global development banks to make them more climate-focused and deepen the ever-growing US-India relationship. Ms Yellen’s frequent stops in the country signal the importance of that relationship at a time of of tensions with China. India’s longstanding relationship with Russia also will loom as the Kremlin's invasion of Ukraine continues despite US and allied countries’ efforts to sanction and economically bludgeon Russia's economy. India has not taken part in the efforts to punish Russia and maintains energy trade with that country despite a Group of Seven agreed-upon price cap on Russian oil, which has seen some success in slowing Russia's economy. Still, the US increasingly relies on India and has courted its leaders. President Joe Biden hosted a White House state visit honoring Indian prime minister Narendra Modi in June, designed to highlight and foster ties. The two leaders pronounced the US-India relationship never stronger and rolled out new business deals between the nations. Raymond Vickery Jr, a policy expert on US-India relations at the Center for Strategic and International Studies, said Ms Yellen's coming to India shortly after visiting China is meaningful in that Indian officials “are going to want to know in great detail what happened in the meetings with her Chinese counterparts and see where it fits with their perspective on economic relations with China.” “They’re going to want to know whether or not the United States is serious about moving some of its sourcing activity from China to India.” A senior Treasury official, speaking on condition of anonymity to preview Ms Yellen’s trip, said there was hope that debt treatments for Ghana and Sri Lanka will be discussed and completed quickly at the meetings. Sri Lanka and Ghana defaulted on their international debts last year, roughly two years after Zambia defaulted. And more than half of all low-income countries face debt distress, which hurts their long-term ability to function and develop. Last month, Zambia and its government creditors, including China, reached a deal to restructure $6.3bn in loans, on the sidelines of a global finance summit in Paris. The agreement covers loans from countries such as France, the U.K., South Africa, Israel and India as well as China – Zambia’s biggest creditor at $4.1bn of the total. The deal may provide a roadmap for how China will handle restructuring deals with other nations in debt distress. Ms Yellen’s trip comes shortly after she spent a week in China, meeting the nation’s finance ministry and discussing mutual trade restrictions and national security concerns. Harold W Furchtgott-Roth, a senior fellow at the Hudson Institute, said Ms Yellen's trip to India “is a reflection of a naturally developing alliance.” “India has a great deal of tension with China – they have constant border disputes,” he said. “And India wants to develop and has developed into sort of an Indian Ocean naval power, which is also a region that China wants to develop." Read More What Britain needs is a ‘grown-up’ relationship with China US Treasury Secretary Janet Yellen visits China as part of efforts to sooth strained relations Yellen says Washington might 'respond to unintended consequences' for China due to tech export curbs Janet Yellen expresses hopes her Beijing visit has put US-China ties on a ‘surer footing’ Janet Yellen highlights record US-China trade and talks ‘fair rules’ during Beijing visit Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-07-16 19:16
Zambia Finance Chief Aims for Debt-Restructuring Deal This Month
Zambia Finance Chief Aims for Debt-Restructuring Deal This Month
Zambia’s finance minister is aiming to reach a debt-restructuring deal with the country’s creditors this month, an agreement
2023-06-21 03:28
Judge dismisses suit against New York Fed over COVID-19 firings
Judge dismisses suit against New York Fed over COVID-19 firings
By Jonathan Stempel NEW YORK A judge on Monday dismissed a lawsuit accusing the Federal Reserve Bank of
2023-09-26 02:46
U.S. FTC agrees to dismiss case against ICE's $11.7 billion Black Knight deal
U.S. FTC agrees to dismiss case against ICE's $11.7 billion Black Knight deal
(Reuters) -The U.S. Federal Trade Commission (FTC) has agreed to dismiss a federal court case against Intercontinental Exchange's (ICE) $11.7
2023-08-07 20:57
The Print Bar in Australia: Everything you need to know
The Print Bar in Australia: Everything you need to know
Printing your own custom designs on t-shirts, tote bags, small accessories and more is far
2023-08-21 05:26