By Ed Frankl and Don ForbesRisks to the eurozone's inflation and economic growth are more balanced after the decline in energy prices in the last month, European Central Bank President Christine Lagarde said Wednesday."Risks...that we had to the upside on inflation and to the downside of growth are…
By Elyse GoncalvesThe options for paying for college just changed in a big way.The Trump administration's overhaul of federal student loans goes into effect Wednesday and caps how much people can borrow while limiting the ways they can repay the loans. The changes are intended to clamp down on the…
Remittances to Mexico rose 3.8% year-on-year in May to reach $5.61 billion, the central bank said on Wednesday.May marked the fourth straight month of year-on-year increases in the remittances the country receives, totaling $25.29 billion in the first five months of the year.
Brazil's government is set to revise up its inflation forecast for this year in projections due later this month, from the 4.5% estimate published in May, the Finance Ministry's economic policy secretary said on Wednesday.Speaking in an interview with local outlet Jota, Debora Freire said the gover…
India is unlikely to raise its official inflation target and there may be a case for lowering it over the long term, Reserve Bank of India Governor Sanjay Malhotra said at an event in Russia on Wednesday.The country's inflation-targeting framework has helped lower average inflation, the central ban…
By Tim McLaughlinPJM, the largest U.S. electric grid operator, on Wednesday detailed price spikes and warnings of massive transmission line congestion as it braced for record-breaking demand driven by a heatwave ahead of July 4 celebrations.Spot wholesale electricity prices early Wednesday surged t…
1055 ET - The Trump administration is not expected to renew the USMCA, but that doesn't mean the agreement is over. Not only do the existing terms of the deal last into the next decade, but the U.S. is likely using this decision as a way "to keep pressure" on Mexico and Canada, says Jim Wiesemeyer…
The Trump administration is not expected to renew the USMCA, but that doesn't mean the agreement is over. Not only do the existing terms of the deal last into the next decade, but the U.S. is likely using this decision as a way "to keep pressure" on Mexico and Canada, says Jim Wiesemeyer of Ag Bull…
(Manama, Bahrain) – Eskan Bank announced its participation as a Platinum Sponsor at the Bahrain Smart Cities Summit 2026, held under the patronage of His Excellency Shaikh Khalid Bin Abdulla Al Khalifa, Deputy Prime Minister, and organized by the Ministry of Municipalities Affairs and Agriculture…
Pre-market futures begin the first trading session of the second half of calendar 2026 in the red so far. Considering myriad stresses on the global marketplace over the first half of the year, with oil supply shocks from the closing of the Strait of Hormuz and tariff costs rebalancing global trade…
WASHINGTON (dpa-AFX) - A report released by the Institute for Supply Management on Wednesday showed a modest decrease by its reading on U.S. manufacturing activity in the month of June.The ISM said its manufacturing PMI dipped to 53.3 in June after rising to 54.0 in May, although a reading above 50…
By Matt GrossmanTwo weeks after Kevin Warsh's first meeting as Fed chairman, a top Trump economic adviser is hinting that the White House might have little patience for any move to raise rates.The Fed's preferred inflation index is running above 4%, and Warsh has emphasized that wrestling it back d…
By Ed Frankl and Don ForbesRisks to the eurozone's inflation and economic growth are more balanced after the decline in energy prices in the last month, European Central Bank President Christine Lagarde said Wednesday."Risks...that we had to the upside on inflation and to the downside of growth are…
By Jessica CoacciFactory activity continued to expand in the U.S. for the sixth consecutive month in June, according to a survey of manufacturing firms.The Institute for Supply Management's purchasing managers' index was 53.3 last month, 0.7 percentage point lower than in May. Still, readings above…
Riyadh, Kingdom of Saudi Arabia – Foreign private capital investment in Saudi Arabia's private markets reached SAR 20 billion (USD 5.3 billion) in 2025, representing about 60% of total private capital investment in the Kingdom and marking a significant milestone in the continued expansion of Saudi…
Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
The Bank of Albania kept its key policy rate unchanged at 2.5% at its June 2026 meeting, maintaining that the current stance supports inflation's return to target.The overnight deposit and overnight lending rates also remained unchanged at 1.5% and 3.5%, respectively.Headline inflation averaged 2.9…
US ISM’S SPENCE TO REPORTERS: RECENT EXPANSION IN MFG SECTOR NOT MUCH FROM STOCKPILING AS SEEN IN EARLY DAYS OF HIGH US TARIFFS IMPOSED LAST YEAR
U.S. construction spending edged up in May as higher mortgage rates because of the Middle East conflict constrained homebuilding.The Commerce Department's Census Bureau said on Wednesday that construction spending rose 0.1% after a downwardly revised 0.3% increase in April. Economists polled by Reu…
