Economic News

By Andrea Shalal WASHINGTON (Reuters) - IMF chief Kristalina Georgieva criticized as "false and spurious" the findings of an independent probe into allegations that as World Bank...

By Chuck Mikolajczak NEW YORK (Reuters) - The dollar rose on Friday and was poised for its third straight week of gains against a basket of major currencies, as uncertainty over...

By Lewis Krauskopf and Tommy Wilkes NEW YORK/LONDON (Reuters) - European equity markets fell on Friday and major U.S. indexes were little changed as worries over fallout from...

By Anshuman Daga, Andrew Galbraith and Tom Westbrook SINGAPORE/SHANGHAI (Reuters) - China Evergrande's electric car unit warned on Friday it faced an uncertain future unless it...

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy's Treasury is confident it will be able to announce a deal to sell selected parts of state-owned bank Monte dei Paschi...

By Lucia Mutikani WASHINGTON (Reuters) - Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a...

TURIN (Reuters) -Tesla Inc CEO Elon Musk said on Friday that thanks to new semiconductor plants that are planned or under construction, the global chip shortage that has pummelled...

WASHINGTON (Reuters) - Huawei Technologies Chief Financial Officer Meng Wanzhou and U.S. prosecutors are expected to appear in court to say they have reached an agreement to...

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Worries surrounding debt-strapped property developer China Evergrande have put investors on guard for evidence that the crisis may...

(Bloomberg) -- U.S. household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and the largest-ever increase in the value of...

By Julien Ponthus LONDON (Reuters) -Sterling dipped against the dollar on Friday, losing some of its gains from a rally which followed the Bank of England (BoE) taking a hawkish...

(Bloomberg) -- Federal Reserve Chair Jerome Powell said the U.S. economy is experiencing “fundamental shifts” as people and businesses pivot to “meet the demands of a new...

PARIS (Reuters) - French President Emmanuel Macron urged Beirut on Friday to implement urgent reform measures and push ahead with International Monetary Fund (IMF) talks, adding...

By Andy Bruce LONDON (Reuters) - Growing worries over energy bills, food costs and tax hikes prompted a hefty drop in British consumer confidence this month as people became more...

(Bloomberg) -- The Bank of England could raise interest rates twice by May to curb a surge in inflation, but that largely depends on how high unemployment rises after the end of...

PARIS (Reuters) - French Trade Minister Franck Riester has declined an offer to meet his Australian counterpart next month in Paris, suggesting tensions will not quickly subside...

LONDON (Reuters) -The lobby group that represents Britain's retail industry said on Friday that unless more drivers are found in 10 days to alleviate an acute shortage then...

By Clare Jim HONG KONG (Reuters) - The debt crisis engulfing China Evergrande Group has begun to dent homebuyer sentiment and force developers to cut prices, signalling deeper...

By Devik Jain (Reuters) - U.S. stock index futures edged lower on Friday, led by banking and technology shares following a sharp rally in the past two days after the Federal...

By Geoffrey Smith Investing.com -- Treasury bonds stabilize after their biggest one-day sell-off in months. Jerome Powell and two other top Fed officials may speak to that later....

FRANKFURT (Reuters) - Many of the drivers of a recent spike in euro zone inflation are temporary and due to fade in the next year, European Central Bank President Christine...

By Huw Jones LONDON (Reuters) - New York easily kept the top spot in the latest Global Financial Centres Index (GFCI), while London held on to second place as Chinese cities...

(Bloomberg) -- Holders of China Evergrande Group’s dollar bonds have been left on edge after the distressed developer gave no signs of meeting a Thursday deadline for an $83.5...

(Bloomberg) -- China’s central bank will push to reform its emergency-funding facility to make it easier for banks to access cash, a move that could help smooth out the volatility...

By David Lawder and Andrea Shalal WASHINGTON (Reuters) - A former World Bank official who prepared reports at the center of a data-rigging scandal that aided China defended IMF...

By Lewis Krauskopf and Marc Jones NEW YORK/LONDON (Reuters) - World stock markets rallied on Thursday and the U.S. dollar retreated from one-month highs as worries faded about...

By Anshuman Daga, Clare Jim and Tom Westbrook HONG KONG/SINGAPORE (Reuters) - China Evergrande Group dollar bondholders were still waiting for information about a key interest...

BRUSSELS (Reuters) -The inaugural meeting of the U.S.-EU Trade and Technology Council (TTC) will go ahead as planned next week after it was put in doubt because of French anger...

By Saqib Iqbal Ahmed and Chuck Mikolajczak NEW YORK (Reuters) - The dollar fell across the board on Thursday as improved risk sentiment in global financial markets wiped out its...

By Howard Schneider WASHINGTON (Reuters) - U.S. Federal Reserve Chair Jerome Powell has tied the initial wind down of the central bank's bondbuying program to "decent" job growth...

(Bloomberg) -- Soaring food costs driven by supply-chain snarls and other disruptions hurting the agriculture industry will prove “transitory” and should dissipate in time, says...

(Bloomberg) -- U.S. household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and the largest-ever increase in the value of...

By Tom Perry and Maha El Dahan BEIRUT (Reuters) - In its bid for IMF support, Lebanon must address a question it has evaded since the economy imploded two years ago: how should it...

By Shashank Nayar (Reuters) -The UK's blue-chip FTSE-100 index was little changed on Thursday, coming under pressure from a stronger pound after the Bank of England said the case...

(Refiles to add full job title in paragraph 9) By Tommy Wilkes LONDON (Reuters) - Sterling rallied nearly 1% on Thursday after the Bank of England said two of its policymakers had...