ZURICH, June 22 Reuters The Swiss National Bank raised its policy interest rate by 25 basis points on Thursday as the central bank pressed ahead with its campaign to dampen stubborn inflation and left the door open for more tightening. Chairman Thomas Jordan pointed to rising inflationary pressures and the danger of price increases becoming […]

June 21 Reuters U.S. Treasury Secretary Janet Yellen will press world leaders to take concrete actions at a summit this week on easing the debt burdens of lowincome nations, a senior Treasury Department official said on Wednesday. Yellen will lead the U.S. delegation to the Paris meeting on Thursday and Friday. French President Emmanuel Macron […]

Unorthodox policies sparked inflation crisis Size of Thursday39;s hike uncertain, forecasts range widely Further hikes seen this year, end2023 median at 30 Authorities hope foreign investment will return ISTANBUL, June 21 Reuters Turkey39;s central bank is expected to raise its policy rate sharply on Thursday in a strong signal that reelected President Tayyip Erdogan has […]

LONDON, June 14 Reuters The Bank of England is weighing up whether to raise interest rates for the 13th meeting in a row next week as it continues to grapple with one of the highest inflation rates among the world39;s big, rich countries. Investors think it is a nearcertainty that the BoE will announce a […]

ECB to raise rates for 8th straight time Seen leaving door open to more hikes Forecast to show lower inflation in 2024 FRANKFURT, June 15 Reuters The European Central Bank is all but certain to raise borrowing costs to their highest level in 22 years on Thursday and leave the door open to more hikes, […]

WASHINGTON, June 14 Reuters The Federal Reserve is expected to leave interest rates unchanged on Wednesday for the first time since the U.S. central bank kicked off a historically aggressive round of monetary policy tightening in March of 2022. But don39;t call it a pivot or a pause. Policymakers at the end of their twoday […]

LONDON, June 7 Reuters The government of British Prime Minister Rishi Sunak has little room to cut taxes ahead of the next national election expected in 2024, the Organisation for Economic Cooperation and Development OECD said on Wednesday. The OECD raised its growth projections for Britain39;s economy in its latest set of forecasts for member […]

KARACHI, Pakistan, June 2 Reuters Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said on Friday. Left with barely enough foreign exchange reserves to cover one month39;s imports, Pakistan39;s government is desperately trying to manage a […]

WASHINGTON, June 1 Reuters The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government39;s 31.4 trillion debt ceiling, averting what would have been a firstever default. The Senate voted 6336 to approve the bill that had been passed on Wednesday by the House of Representatives, as lawmakers raced against […]

WASHINGTON, May 30 Reuters The U.S. government is closely scrutinizing exports to China and last year denied or took no action on a quarter of requests in order to stop sales that would advance Beijing39;s militarization, a senior official said in testimony released on Tuesday. In 2022, 5,064 export and reexport license applications were reviewed […]