European shares face bumpy ride to new highs in 2024: Reuters poll
By Danilo Masoni and Lucy Raitano MILAN/LONDON Concerns over recession and sticky inflation will weigh on European shares
2023-05-23 19:58
S&P 500 seen dipping between now and year-end: Reuters poll
By Caroline Valetkevitch NEW YORK The S&P 500 index of U.S. shares will slip marginally between now and
2023-05-23 19:16
IMF Says UK Economy Will Grow Faster Than Germany This Year
The UK economy will grow faster than Germany this year and avoid a recession, the International Monetary Fund
2023-05-23 17:58
Biden and McCarthy are projecting optimism, but there's still no debt limit deal
The clock is ticking for President Joe Biden and House Speaker Kevin McCarthy to come to agreement to avoid a first-ever default on the nation's debt. And although there are some positive signs suggesting they're closer to a consensus, there is still no deal.
2023-05-23 17:16
Ukraine Can’t Win War Against Russia, Hungarian Premier Says
Ukraine can’t win the war against Russia, Prime Minister Viktor Orban said. With NATO not ready to send
2023-05-23 17:15
Greek Politicians Speed-Up the Process to Hold a New Election
Greece’s leading political candidates are accelerating the process to call a new election — the second in about
2023-05-23 16:47
GQG’s Jain Raises Adani Stake by About 10% for $3.5 Billion Bet
Veteran investor Rajiv Jain’s GQG Partners LLC has raised its stake in billionaire Gautam Adani’s conglomerate by about
2023-05-23 16:28
UK Speeding-Ticket Row Shows Sunak’s Hard Road to Election
Rishi Sunak pledged to restore integrity and professionalism to his Conservative government when he took office in October.
2023-05-23 15:23
Egypt Races to Solve Currency Dilemma in Hunt for Gulf, IMF Cash
What comes first, another currency devaluation or a wave of Gulf investment? Cash-strapped Egypt is racing to resolve
2023-05-23 15:20
Bank of Korea to hold rates until end of September, cut in Q4- Reuters poll
By Anant Chandak BENGALURU The Bank of Korea will keep interest rates unchanged for a third time on
2023-05-23 08:48
Biden, McCarthy Have Productive Talk on Debt But No Deal Yet
House Speaker Kevin McCarthy said he and President Joe Biden had a productive talk but have not yet
2023-05-23 07:47
Biden ‘optimistic’ as McCarthy arrives for last-ditch debt talks
President Joe Biden on Monday said he was “optimistic” about the chances of finding an agreement with the Republican-led House of Representatives that would avoid a catastrophic default on America’s sovereign debt. Speaking at the outset of a crucial meeting with House Speaker Kevin McCarthy, Mr Biden said the source of his optimism was a shared agreement between the two men that a debt default is “off the table”. Mr Biden also said the consequences that would arise should the US fail to meet its’ outstanding debt obligations would be “a kick in the ... economic well-being” for the American people. The negotiating session between the president and House speaker comes with just ten days remaining before the US Treasury is set to lose the ability to pay its’ bills by issuing new bonds. In a letter to Congress, Treasury Secretary Janet Yellen said on Monday that “it is highly likely” that the Treasury would run out of operating funds in the event that Congress does not raise the department’s statutory debt limit. A default on America’s sovereign debt would be a financial catastrophe both for Americans and people around the world who rely on US financial stability. Mr Biden said he and Mr McCarthy “talked about the need for bipartisan agreement” and stressed that he was “optimistic” that he and Mr McCarthy were “going to make some progress” during the Monday evening session. For his part, the House Speaker said he and Mr Biden had a “very productive” conversation during a phone call held on Sunday while Mr Biden was returning to Washington from the G7 summit aboard Air Force One. Earlier in the day, Mr McCarthy told reporters at the Capitol that “decisions have to start being made” on spending for the next fiscal year since “we’re 10 days out” from the debt ceiling deadline. “We have to spend less next year than we spent this year,” he said before pointing to the House’s proposal for spending cuts as the “framework” for a deal. “I’m hopeful,” he added. Read More Watch live: Biden and McCarthy meet to discuss US debt ceiling Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate A timeline of Donald Trump’s rivalry with Ron DeSantis
2023-05-23 06:59