Browsing: Economy

By Timour Azhari BAGHDAD (Reuters) – Iraq has made strides implementing U.S. dollar supply restrictions targeting Iran but faces an uphill battle with a banking system…

The numbers: U.S. industrial production rose 1% in July, the Federal Reserve reported Wednesday, on the back of strong utility use from the hot summer weather…

By Doyinsola Oladipo, Julia Harte and Rich McKay (Reuters) – The incongruous sight of tourists enjoying Maui’s tropical beaches while search-and-rescue teams trawl building ruins and…

This week marks one year since the Biden White House and congressional Democrats maneuvered the Inflation Reduction Act into law in a narrowly divided Washington. The…

BEIJING (Reuters) – China will strengthen the coordination of various policies to boost growth and meet this year’s economic target, according to a cabinet meeting cited…

Businesses want more employees to show up at the office, but they still plan to stick with current work-from-home arrangements for the foreseeable future. That’s the…

By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) – Federal Reserve officials were divided over the need for more interest rate hikes at the U.S.…

Most Federal Reserve officials last month continued to see serious inflation risks which could require more interest-rate hikes, according to the minutes of the July policy…

The deadly wildfire on Maui that devastated the town of Lahaina and left catastrophic damage in their wake delivered a multibillion-dollar hit to the island’s economy…

WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer on Wednesday said he met with House Speaker Kevin McCarthy a few weeks ago and agreed to…