Economic News

(Reuters) – Bank of England Governor Andrew Bailey said bank reforms enacted after the global financial crisis of 2007-09 worked during the recent banking turmoil, but there were questions about whether banks should set aside bigger cash buffers in future.

(Reuters) -A “firing incident” inside a military station in the border state of Punjab in northern India killed four people, the Indian army said on Wednesday.

TUNIS (Reuters) – At least 10 people died and more than 30 are still missing after a boat carrying migrants sank off the coast of Tunisia, officials said on Wednesday.

SAO PAULO (Reuters) – Brazil’s retail sector started 2023 stronger than expected and with record high sales in January, although the outlook is that the tight credit scenario and weak economy amid high interest rates will weigh on the sector going forward.

By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will trade sharply lower a year from now than was forecast just a few weeks ago, according to fixed-income strategists polled by Reuters, who also expected the U.S. yield curve to steepen further.

By Jonathan Stempel (Reuters) – Abortion opponents on Tuesday urged a U.S. appeals court to allow the suspension of Food and Drug Administration’s approval of the abortion pill mifepristone, in a case with potentially far-reaching impact on how the government regulates medicine.

BLANTYRE (Reuters) – The death toll from Cyclone Freddy has risen sharply to more than 1,000 people, Malawi President Lazarus Chakwera said on Wednesday, as the southern African nation continues to recover from one of the deadliest storms to hit the continent in the last two

BRUSSELS (Reuters) – The United States and the European Union need to produce clear results next month from their forum on trade and technology and forge closer ties on green products and technology, European Trade Commissioner Valdis Dombrovskis said on Wednesday.

WASHINGTON (Reuters) – Former U.S. President Donald Trump accused French President Emmanuel Macron of pandering to China’s leader Xi Jinping during his recent closely watched visit to Beijing.

OTTAWA (Reuters) – The Bank of Canada on Wednesday increased its 2023 growth forecast to 1.4%, up from the 1.0% it predicted in January, and indicated it saw less risk of a recession this year.

(Reuters) – The European Central Bank needs to keep raising interest rates and the inflation outlook alone would warrant another 50 basis point increase in May, Austrian Central Bank chief Robert Holzmann told a German newspaper.

(Reuters) – Russia on Wednesday hit 333 Canadian officials and public figures with sanctions in what it said was a tit-for-tat move in response to Canadian sanctions on Moscow and support for Ukraine.

(Reuters) – Warren Buffett on Wednesday said people should not be panicked about the banking industry or the safety of U.S. bank deposits, despite the recent failures of Silicon Valley Bank and Signature Bank.

(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Friday were less sure the U.S. central bank will raise its benchmark rate any further after the government reported March consumer prices rose less than expected.

By Huw Jones LONDON (Reuters) – European Union plans, due next week, will seek to speed up handling of failing banks to ensure they are not bailed out by taxpayers but “bailed in” using their own resources, EU documents seen by Reuters showed.

KYIV (Reuters) -Ukraine’s defence minister said on Wednesday the alleged Pentagon document leaks contain a mixture of true and false information about his country’s military, but he downplayed its negative impact.

By James Mackenzie JERUSALEM (Reuters) – Israeli police will curb the number of worshippers in the Church of the Holy Sepulchre in Jerusalem for safety reasons during Orthodox Easter ceremonies on Saturday, drawing anger from church leaders who said they would not cooperate.

(Reuters) – Alphabet Inc’s self-driving technology unit Waymo said on Wednesday that some of its vehicles in San Francisco encountered dense fog and briefly pulled over to the side of the road.

NEW DELHI (Reuters) – India’s annual retail inflation eased to 5.66% in March from 6.44% the previous month, government data showed on Wednesday.

WASHINGTON (Reuters) – The U.S. Consumer Price Index data for March shows persistent above-target inflation pressures, “validating” the International Monetary Fund’s emphasis on continuing to fight inflation at IMF and World Bank Spring Meetings this week, IMF Fiscal Affairs Director Vitor Gaspar said.