New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

COVID public health emergency in the US to stay in place

Two Biden administration officials said Friday that the United States will maintain a public health emergency for the COVID-19 pandemic, allowing millions of Americans to get free tests, vaccines and treatments. One of the officials said the possibility of an increase in coronavirus cases in the winter and the need for more time to transition … Read more

Musk warns of Twitter bankruptcy as more CEOs resign

(Reuters) – Twitter’s new owner Elon Musk on Thursday raised the possibility of the social media platform’s bankruptcy, capping a chaotic day that included a warning from the US privacy regulator and the exit of the company’s trust and safety leader. In his first conference call with employees, the billionaire said he couldn’t rule out … Read more

European debt market pressures force some governments to rewrite trading rules

Oct 31 (Reuters) – Some euro zone countries have relaxed rules for banks that handle the circulation of their government debt to help them weather some of the toughest market conditions in years, officials told Reuters. Of the 11 major eurozone debt agencies contacted by Reuters, officials in the Netherlands and Belgium told Reuters they … Read more

Russia halts grain exports from Ukraine from the Black Sea, citing the attack on Crimea

Russia halts participation in UN grain deal The move comes after drone attacks on Crimea Russia says British personnel assisted in drone attack Ukraine says Russia is inventing attacks Russia tells UN to suspend grain deal (Reuters) – Russia suspended participation in a United Nations-brokered Black Sea grain deal on Saturday after what it said … Read more

New Prime Minister Rishi Sunak has vowed to pull Britain out of the economic crisis

Sunak meets King Charles on Tuesday morning He pledges to rebuild confidence in the country It is expected to start forming the treasury Sunak faces a huge challenge to rebuild stability LONDON (Reuters) – Rishi Sunak became Britain’s third prime minister in two months on Tuesday, pledging to lead the country out of a deep … Read more

Analysis: Poor countries are at risk from elusive G-20 debt relief efforts

LONDON/WASHINGTON (Reuters) – The failure to make concrete progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington frustrated policymakers, activists and investors. Two years ago, the Group of Twenty launched the Joint Framework – a mechanism designed to provide a rapid … Read more

Russia is largely preparing to avoid the new G7 oil price ceiling

LONDON (Reuters) – Russia can access enough tankers to ship most of its oil beyond the new Group of Seven price ceiling, industry players and a U.S. official told Reuters, underlining the limits of the most ambitious plan yet to rein in Moscow. Wartime proceeds. The Group of Seven agreed last month to limit Russian … Read more

British Prime Minister Truss vows to keep going as her party’s support wanes

Truss says she’s sorry for making mistakes She says it’s “rolled up” The economic agenda that caused the abolition of the market Some Conservative MPs have called for her to resign LONDON (Reuters) – British Prime Minister Liz Truss warned of tough times ahead after she scrapped her sweeping tax cut plan and said she … Read more