Browsing: Economy

By Andy Bruce LONDON (Reuters) – The Bank of England is likely to hike interest rates once again this week, possibly the last hurrah for one…

“‘Both on the supply side and the demand side, there are factors implying that 2% [inflation] is, at this point, mission impossible.’ ” — Nouriel Roubini, CEO…

By Stella Qiu SYDNEY (Reuters) -When Michele Bullock takes over as the first woman to head Australia’s central bank on Monday, she inherits an economy with…

Treasury Secretary Janet Yellen on Monday said she thinks oil prices will stop rising but that the Biden administration is watching carefully. “My expectation is that…

The U.S. Treasury market, teetering on the brink of a third consecutive year of losses, is keenly awaiting the Federal Reserve’s updated forecasts for their benchmark…

The strike by auto workers won’t hurt the U.S. in the short run, but a months-long dispute could sting the economy and potentially stall the Federal…

HONG KONG (Reuters) -Shares of embattled developer China Evergrande (HK:) Group plunged as much as 25% on Monday after police detained some staff at its wealth…

Confidence among builders in the U.S. housing market unexpectedly plunged in September for the second straight month as a spike in mortgage rates continued to weigh…

In a significant shift in Brazil’s financial landscape, Pix, an instant money transfer tool, has become the most common form of payment by transaction volume, outpacing…

The numbers: Builder confidence fell in September to the lowest level in five months as buyer demand waned on the back of persistently high mortgage rates.…