By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -The Bank of Canada on Wednesday hiked its key overnight rate by a quarter of a percentage point to a 22-year high of 5.0%, and said it could raise[...]
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July 12, 2023
Options hedges against a break in US stock market calm at record high
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options traders are taking advantage of muted U.S. stock market gyrations to load up on contracts that would jump in value should equities see a big dro[...]
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June inflation data may have pushed Fed over the mountaintop
By Howard Schneider WASHINGTON (Reuters) -A year after U.S. inflation peaked and touched off an aggressive turn in monetary policy, Federal Reserve officials may be opening a more encouraging chapter[...]
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Lucid shares drop as deliveries take hit from Tesla’s price war
By Akash Sriram (Reuters) -Lucid Group said its second-quarter production dropped from the previous three months while deliveries stayed flat, sending the shares of the luxury electric-vehicle maker d[...]
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Tesla says Model 3 consumer tax credits likely to be reduced after Dec.31
By Hyunjoo Jin and David Shepardson SAN FRANCISCO (Reuters) -Tesla said the $7,500 federal tax credits for its Model 3 electric vehicles are likely to be reduced after Dec. 31, according to its websit[...]
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SF Fed Paper warns key inflation measure may prove hard to tame
By Michael S. Derby NEW YORK (Reuters) – If economic trends that existed before the coronavirus pandemic reassert themselves, a modest cooling in the labor market may not be enough to bring down[...]
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G20 finance chiefs set to discuss reforms to development banks, crypto, debt
NEW DELHI (Reuters) – Finance ministers and central bank governors of the G20 member nations are set to meet and discuss reforms to multilateral development banks, a framework for crypto assets[...]
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White House economic official Brainard: inflation on moderating path
(Reuters) – National Economic Council Director Lael Brainard on Wednesday said the latest U.S. economic data shows that upward price pressures can and are receding without a surge in unemploymen[...]
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IMF board approves Pakistan bailout programme
(Reuters) – The board of the International Monetary Fund (IMF) approved a $3 billion, nine-month bailout programme for Pakistan on Wednesday, the IMF said. Pakistan and the Fund had reached a st[...]
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