NEW YORK (Reuters) – A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate” to slow[...]
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Economy
Dollar extends losses after Fed minutes
NEW YORK (Reuters) – The U.S. dollar extended its losses against the euro and the yen on Wednesday, after minutes released from the Federal Reserve’s November meeting showed a “subst[...]
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Bank regulators tell Citigroup to take urgent action to fix resolution plan
By Hannah Lang (Reuters) -The U.S. Federal Reserve and the Federal Deposit Insurance Corp identified a shortcoming in Citigroup Inc’s so-called “living will” that details how the firm would be unwound[...]
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Factbox-Corporate America cuts thousands of jobs as recession looms
(Updates Amazon) (Reuters) – Corporate America is bracing for a potential economic downturn by shrinking the employee base as part of its streamlining measures. Job cuts announced by U.S.-based[...]
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Germany must trade with China warily, economy minister says
BERLIN (Reuters) -No one is suggesting Germany should stop trading with China, but Beijing’s investments in critical sectors must be examined closely, German Economy Minister Robert Habeck said[...]
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Credit Suisse flags hefty loss as rich clients pull out
By John Revill and Noele Illien ZURICH (Reuters) -Credit Suisse expects to make a heavy loss for the final three months of the year, continuing to bleed billions of francs as wealthy clients turn thei[...]
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Germany’s Uniper sees bailout cost rising to $53 billion
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Uniper, the largest corporate casualty of Europe’s energy crisis so far, said Berlin would need to pump as much as[...]
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Moody’s sees debt loads of large Latin American sovereigns likely staying high
MEXICO CITY (Reuters) – Moody’s Investors Service on Wednesday said the debt loads of large Latin American sovereigns will likely stay high, constraining governments’ ability to supp[...]
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Brazil’s central bank chief criticizes spending plan uncertainties
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto on Wednesday reiterated concerns about the spending program planned by the government of President-elect Luiz Inacio Lu[...]
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