Economic News

By Davide Barbuscia NEW YORK (Reuters) – Tighter lending conditions after recent bank failures will likely drive the U.S. economy into a shallow recession in the second half of this year, bolstering the case for a gradual increase in exposure to long-term bonds in anticipation of

(Adds exclusive tag) WASHINGTON (Reuters) – U.S. President Joe Biden’s administration is set to move ahead with the sale of a small modernization package for Turkey’s existing F-16 aircraft, after leaders of U.S. congressional committees gave informal approval for the sale, sources familiar with the matter

(Reuters) – Alphabet Inc shares fell over 4% in premarket trading on Monday after a report that South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices.

By Michael S. Derby (Reuters) – Contrary to how many Federal Reserve officials have tended to focus on longer-run inflation expectations data as a tool to divine real world price pressures, a Cleveland Fed report released on Monday said shorter-run expectations may be the more important

DUBAI (Reuters) – Saudi Arabia on Monday will release a number of detainees to Yemen, the International Committee of the Red Cross said, in a unilateral move that follows three days of simultaneous detainee exchanges between the warring parties in Yemen’s conflict.

(Reuters) – The U.S. Central Command said its forces targeted and likely killed a senior Islamic State leader who it said was involved in “planning terror attacks in the Middle East and Europe” in the early hours of Monday.

UNITED NATIONS (Reuters) – The United States and more than 40 other countries said in a joint statement on Monday that they are deeply concerned over Russia’s detainment of a Wall Street Journal reporter and protested Moscow’s “efforts to limit and intimidate the media.”

PARIS (Reuters) – French President Emmanuel Macron on Monday gave himself 100 days to heal the country after weeks of protests and anger at his unpopular plans to raise the retirement age, asking his government to open talks with unions on a wide range of issues.

By Andrew Chung WASHINGTON (Reuters) – U.S. Supreme Court justices on Monday weighed a bid by Salesforce Inc’s Slack Technologies to avoid a lawsuit over its 2019 direct listing in a case that could undermine the ability of shareholders to sue companies for alleged misstatements when

By Rajesh Kumar Singh and Valerie Insinna

By Rae Wee SINGAPORE (Reuters) – The dollar bounced from a one-year low on Monday as resilience in core U.S. retail sales, a rise in short-term inflation expectations and impressive Wall Street bank earnings raised market expectations for an interest rate hike in May.

(Reuters) – Merck & Co is in late-stage talks to acquire Prometheus Biosciences Inc to get its hands on promising immune disease treatments, the Wall Street Journal reported on Sunday citing people familiar with the matter.

KAMPALA (Reuters) – Uganda’s junior finance minister was on Monday charged with corruption offences stemming from a scandal about alleged diversion of government-owned roofing materials that has ensnared multiple officials.

By Chris Prentice and John McCrank NEW YORK (Reuters) – The head of the U.S. Securities and Exchange Commission (SEC) plans to defend its rulemaking and policing of market misconduct at a Tuesday hearing led by Republican lawmakers who have accused it of overstepping its authority.

By Dawn Chmielewski and Lisa Richwine (Reuters) – Florida Governor Ron DeSantis said the state legislature will file a bill that aims to undo steps the Walt Disney Co took to undermine the authority of a new state-appointed oversight board, intensifying the battle between a likely

By David Shepardson (Reuters) – The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules.

By Clark Mindock NEW YORK (Reuters) – Berkeley, California, cannot ban natural gas hookups in new buildings because a U.S. federal law preempts its rule, a federal appeals court said Monday, siding with a challenge the state’s restaurant industry made.

By Florence Tan SINGAPORE (Reuters) – Oil prices edged up on Monday, supported by OPEC+’s plans to cut more output, while investors eyed Chinese economic data for signs of a demand recovery by the world’s No. 2 oil consumer.

BERLIN (Reuters) – Inflation is a risk for financial stability and central banks must take this into consideration, German Finance Minister Christian Lindner said on Monday.

By Andy Sullivan WASHINGTON (Reuters) – The spending-cut proposals unveiled by U.S. House of Representatives Speaker Kevin McCarthy on Monday could fall hardest on people in Republican-leaning states, a Reuters analysis of federal spending data found.