Economy

Economy News

Forcing foreign banks to become EU branches ‘a last resort’, says official

By Huw Jones LONDON (Reuters) – Forcing foreign bank branches in the European Union to become subsidiaries would be a “last resort” to shed light on regulatory blind spots, a.

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U.S. Senate panel vote on Fed nominees uncertain as Republican boycott looms

By David Morgan, Pete Schroeder and Lindsay (NYSE:LNN) Dunsmuir (Reuters) -Plans for a key U.S. Senate panel vote to move forward on President Joe Biden’s nominees to the Federal Reserve,.

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ECB’s Lagarde repeats pledge for gradual policy shift

FRANKFURT (Reuters) – Any change in European Central Bank (ECB) policy will be gradual, ECB President Christine Lagarde said on Monday, with markets expecting to increases to interest rates this.

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Vietnam to end COVID curbs on international flights

Southeast Asian country says it will lift curbs on flights with all markets starting February 15 Vietnam will remove its COVID-19 restrictions on international passenger flights with all markets starting.

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UK employers plan biggest pay rises in nearly 10 years – CIPD

By William Schomberg LONDON (Reuters) – British employers expect to raise staff pay by the most in at least nine years but the 3% wage deals for workers would still.

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No sign of light at end of tunnel for Credit Suisse investors

By John O’Donnell and Brenna Hughes Neghaiwi FRANKFURT (Reuters) – Weary Credit Suisse (SIX:CSGN) investors fear a long wait for the bank to get back on piste after a string of scandals.

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BoE to raise rates again in March, inflation to peak soon after

By Swathi Nair BENGALURU (Reuters) – The Bank of England will raise interest rates faster than previously thought to tame surging inflation, according to economists polled by Reuters who significantly.

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Singapore bank DBS profit rebounds, seen gaining as rates outlook improves

By Anshuman Daga SINGAPORE (Reuters) – DBS Group (OTC:DBSDY) flagged strong business momentum after its profit rose to a record last year, cementing a recovery for Southeast Asia’s largest lender.

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Crypto firm BlockFi to pay $100 million to settle U.S. SEC, state charges

By Chris Prentice WASHINGTON (Reuters) -A subsidiary of crypto company BlockFi Inc has agreed to pay $100 million to the U.S. Securities and Exchange Commission (SEC) and 32 states to.

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Economy News

Fed, split over opening rate bid, may put weight on February data

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials continued sparring over how aggressively to begin upcoming interest rate increases at their March meeting, with a final inflation reading just.

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