News
Easter discounts lower UK shop price inflation in April, BRC survey shows
6+ hour, 22+ min ago (37+ words) By David Milliken LONDON, April 28 (Reuters) - Easter promotions on chocolate eggs, home renovation materials and clothing helped lower shop price inflation in April, offering households some respite ahead of an "expected further rise in prices caused. .....
India's central bank in talks with global regulators, banks to review Mythos risks, sources say
4+ day, 23+ hour ago (442+ words) By Ashwin Manikandan and Gopika Gopakumar MUMBAI, April 22 (Reuters) " India's central bank is in talks with global regulators, Indian lenders and government officials to understand the potential risks posed by Anthropic's new artificial intelligence model Mythos, three "sources said. The…...
Turkey central bank'holds rates at 37% as it eyes Iran war fallout
5+ day, 18+ hour ago (399+ words) By Ezgi Erkoyun and Ece Toksabay ISTANBUL, April 22 (Reuters) " Turkey's central bank held its key interest rate at 37% as expected on Wednesday, deciding not to hike but warning that fallout from the Iran war "could yet change the inflation outlook....
Fed's Waller calls for overhaul of regional Fed bank operations
6+ day, 10+ hour ago (421+ words) April 21 (Reuters) " Federal Reserve Governor Christopher Waller on Tuesday laid out options for revamping the operational structure of the Fed system's 12 regional banks, calling for consolidation of key business functions like human resources, finance, "procurement and technology rather than leaving…...
US Supreme Court rebuffs challenge to class-action status of bank collusion suit
6+ day, 22+ hour ago (410+ words) WASHINGTON, April 20 (Reuters) " The U. S. Supreme Court declined on Monday to hear a bid by Bank of America and seven other major financial institutions to prevent American cities from banding together in "a $12 billion class action accusing them of artificially inflating…...
IMF, World Bank meetings show limits in mitigating shocks, reliance on US for solutions
1+ week, 1+ day ago (1002+ words) By Andrea Shalal, David Lawder and Libby George WASHINGTON, April 19 (Reuters) " Global finance leaders, whipsawed by Middle East war news, came to grips this past week with their inability to mitigate the economic damage from increasingly frequent geopolitical shocks, and…...
US stock futures subdued ahead of inflation data, Mideast in focus
2+ week, 3+ day ago (393+ words) April 10 (Reuters) " U. S. stock index futures were largely muted on Friday as investors stuck to the sidelines ahead of a crucial inflation print, while assessing the fragility of the Middle East truce. The news of a "two-week ceasefire agreement earlier this…...
US weekly jobless claims rise, but remain at low levels
2+ week, 4+ day ago (342+ words) WASHINGTON, April 9 (Reuters) " New applications for U. S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration, potentially giving the Federal Reserve room to keep interest rates unchanged as it monitors the'economic fallout from the war with Iran....
Banks, media stocks lift European shares, markets brace for Trump's Iran deadline
2+ week, 6+ day ago (425+ words) April 7 (Reuters) " European shares rose on Tuesday, led by media and banking stocks, though a looming deadline for Iran to reopen the Strait of Hormuz kept investors on edge. The STOXX 600 index was up "0. 6% at 600. 33 points by 0854 GMT at a…...
India factory activity cooled in March with oil costs rising amid Middle East turmoil, PMI shows
3+ week, 4+ day ago (93+ words) 1470 & 100. 3 WMBD India factory activity cooled in March with oil costs rising amid Middle East turmoil, PMI shows BENGALURU, April 2 (Reuters) " India's manufacturing sector grew at its slowest pace in nearly four years in March as "the war in the Middle…...