Economic News

(Reuters) -A federal judge in North Dakota on Wednesday temporarily blocked implementation of a Biden administration rule establishing protections for seasonal streams and wetlands in 24 states, according to court documents.

WASHINGTON (Reuters) – The European Central Bank still has a “little way to go” with rate hikes but most of its work is done and now the duration of higher rates is the bigger issue, French central bank chief Francois Villeroy de Galhau said on Wednesday.

WASHINGTON/MADRID (Reuters) -European Central Bank policymakers made the case for more rate hikes on Wednesday but offered contrasting views on just how much more tightening is needed, suggesting that the debate over the bank’s next move is not yet settled.

By Rodrigo Viga Gaier and Gabriel Araujo

By Gabriel Araujo RIO DE JANEIRO (Reuters) – Austria is looking to advance in talks with Brazilian planemaker Embraer SA at the LAAD defense and security fair on purchasing four or five KC-390 military cargo aircraft, two sources familiar with the matter said on Wednesday.

By David Lawder WASHINGTON (Reuters) – White House economic adviser Lael Brainard said on Wednesday the U.S. banking system is “sound” and stable after two bank failures last month, but institutions that fail to show investors they are managing risks effectively may come under market pressure.

WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives Judiciary Committee has subpoenaed the Federal Trade Commission’s chair for documents related to the regulatory agency’s privacy probe of Twitter, the panel said on Wednesday.

By Michel Rose PARIS (Reuters) – President Emmanuel Macron said France’s position on Taiwan had not changed and that he favoured the current “status quo” in respect of the island, after he was asked to clarify comments that prompted a backlash in the United States and

(Reuters) – The U.S. government recorded a $378-billion budget deficit in March as outlays outpaced revenues, the Treasury Department said on Wednesday.

(Reuters) – Goldman Sachs Group Inc on Wednesday announced a slew of changes to leadership in its equity trading division following the retirement of its top equity trader Joe Montesano last month, according to a memo seen by Reuters.

By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Wednesday it is imposing export controls on more than two dozen companies in China, Turkey and other countries for supporting Russia’s military and defense industries.

MOSCOW (Reuters) – A rapid overhaul to Russia’s conscription system rushed through parliament on Wednesday has underlined a scramble for additional manpower for its forces fighting in Ukraine.

By Raphael Satter WASHINGTON (Reuters) – America’s cybersecurity watchdog has no confidence that the cellular network used by American first responders and the military is secure against digital intrusions, U.S. Senator Ron Wyden said in a letter released Wednesday.

(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday said that while U.S. economic strength, labor market tightness, and too high-inflation suggest there is “more work to do” on Fed rate hikes, other factors including tighter credit conditions could argue for a pause.

PARIS (Reuters) – LVMH, the world’s largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts’ expectations, as China rebounded after COVID-19 lockdowns.

BUDAPEST (Reuters) – The United States is preparing to take action against some individuals including Hungarians over for evading Western sanctions imposed on Russia over the Ukraine war, a source familiar with the matter said on Wednesday.

By Joseph Ax (Reuters) – New York City’s unending war on rats has a new commanding general.

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s inflation rate is expected to have clocked in at an eight-month high of 7.1% in March, according to a Reuters poll of analysts, piling pressure on the government as it looks to tame spiraling prices that have pushed

By Guy Faulconbridge MOSCOW (Reuters) – As many as 354,000 Russian and Ukrainian soldiers have been killed or injured in the Ukraine war which is grinding towards a protracted conflict that may last well beyond 2023, according to a trove of purported U.S. intelligence documents

By Noele Illien ZURICH (Reuters) – Swiss lawmakers resumed their debate over the rescue of Credit Suisse on Wednesday, after parliament’s two chambers failed to reach an agreement a day earlier.