Economic News

By Mehnaz Yasmin and Niket Nishant (Reuters) – JPMorgan Chase & Co on Friday reported a surge in deposits in the first quarter, as the sudden collapse of two U.S. regional banks in March drove customers to move their money to bigger lenders.

By Chris Prentice NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Friday will weigh reopening a 2022 proposal that would expand the definition of an “exchange” following pushback from the cryptocurrency industry which fears being ensnared.

(Reuters) – The governing council of the Bank of Canada discussed raising interest rates at its policy meeting earlier this week before deciding to leave them on hold, the central bank’s governor, Tiff Macklem, said on Friday.

LONDON (Reuters) – Nurses in England have voted to reject the government’s new pay deal, their trade union said, setting out further strikes that will put the National Health Service under more strain as nurses hold out for a higher wage offer.

LOS ANGELES (Reuters) – The Pacific Maritime Association on Thursday said the largest longshore union local on the West Coast disrupted work at the nation’s busiest seaport complex for the second week in a row, as labor talks covering 22,000 dockworkers from California to Washington state

(Reuters) – Contract drug manufacturer Catalent Inc on Friday warned that its fiscal fourth-quarter results would be hit by lower productivity at three of its manufacturing facilities.

By Timothy Gardner WASHINGTON (Reuters) – The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, a document showed, as the United States competes with Russia to ship natural gas from the Arctic to Asia.

WASHINGTON (Reuters) – European Commission Executive Vice President Valdis Dombrovskis said on Friday that the bloc was willing to move quickly on a trade agreement with the United States for critical minerals used in electric vehicles and a recent U.S.-Japan deal was a “good basis for

WASHINGTON (Reuters) – The European Central Bank needs to keep raising interest rates even if most of its past hikes have yet to feed through to the economy, as rapid price growth was at risk of getting entrenched, German central bank chief Joachim Nagel said on

By Ingrid Melander and Elizabeth Pineau PARIS (Reuters) – France’s Constitutional Council will on Friday give its hotly-anticipated verdict on whether the government’s plans to increase the retirement age, which have triggered massive protests, are in line with constitutional rules.

By Michelle Nichols UNITED NATIONS (Reuters) – U.N. Secretary-General Antonio Guterres has written to Russia, Ukraine and Turkey to raise concerns about the implementation of a deal that allows the safe wartime export of grain from several Ukrainian Black Sea ports, a U.N. spokesman said on

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Economic data has begun to fill in the portrait of a U.S. economy that is losing momentum, with reports over the last seven days showing job growth, inflation, factory output and consumer spending all slowing down.

(Reuters) – JPMorgan Chase & Co’s profit climbed in the first quarter as higher interest rates boosted its consumer business in a period that saw two of the biggest banking failures in U.S. history.

(Reuters) – Finland’s embassy in Moscow has received a letter containing an unknown powder and has reported the matter to the Russian authorities, Russian news agencies reported on Friday.

(Reuters) – BlackRock Inc posted an 18% drop in its first-quarter profit on Friday as the market turmoil last month due to the recent banking crisis squeezed its fee income.

(Reuters) -Citigroup Inc reported a rise in first-quarter profit on Friday as it earned more from borrowers paying interest on loans.

By Leika Kihara WASHINGTON (Reuters) – The Bank of Japan is likely to maintain negative short-term interest rates until inflation durably hits 2%, but could allow long-term yields to move more flexibly around its target, a senior International Monetary Fund official said on Friday.

By Matt Tracy and Saeed Azhar (Reuters) – Some of the largest U.S. banks singled out office commercial real estate on Friday as an area of growing concern, with property values falling and more borrowers defaulting on their loans amid rising interest rates and a slowing

By Duncan Miriri NAIROBI (Reuters) – Kenya is “disturbed” by comments about President William Ruto reportedly attributed to the United Nations deputy secretary-general in a leaked U.S. classified document, a senior Kenyan official said on Friday.

WASHINGTON (Reuters) – Jack Douglas Teixeira was arrested on Thursday for allegedly leaking a trove of highly classified documents online.