Economy

Economy News

Two or three rate hikes this year appropriate -ECB’s Holzmann

ZURICH (Reuters) -The European Central Bank should hike interest rates as many as three times this year to combat inflation, hawkish policymaker Robert Holzmann told the Salzburger Nachrichten paper in.

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Somalia seeks three-month extension of its IMF support programme

NAIROBI (Reuters) -Somalia’s government has asked the International Monetary Fund (IMF) to extend its financial support by three months to Aug. 17, the head of the IMF’s country mission told.

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Zimbabwe suspends bank lending in bid to arrest currency decline

HARARE (Reuters) – Zimbabwe’s government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and.

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Soccer-Chelsea fans wary of money men behind new prospective owners

By William Schomberg LONDON (Reuters) – Chelsea fans arriving at Stamford Bridge a few hours after a private equity-backed deal to buy the club was announced welcomed the prospect of.

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Somalia seeks three-month extension of its IMF support programme

NAIROBI (Reuters) -Somalia’s government has asked the International Monetary Fund (IMF) to extend its financial support by three months to Aug. 17, the head of the IMF’s country mission told.

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Economy News

Fed hawks Waller, Bullard push back on ‘behind the curve’ view

By Ann Saphir (Reuters) -Two of the Federal Reserve’s most outspoken policy hawks on Friday pushed back on the view that the U.S. central bank missed the boat on the.

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Battered U.S. stocks may not be bargains as investors brace for inflation data

By Lewis Krauskopf NEW YORK (Reuters) – U.S. stocks’ tumble this year is putting an increased focus on equity valuations, as investors assess whether recently discounted shares are worth buying.

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U.S. lawmakers ask firm for details on Trump hotel investors

WASHINGTON (Reuters) – Two House lawmakers have asked a Miami investment firm for more details on its planned purchase of former President Donald Trump’s Washington hotel rights, saying its failure.

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Macro hedge funds lead industry gains in April

NEW YORK (Reuters) – Hedge funds posted gains of 2.33% in April, mostly driven by macro funds, which managed to perform well amid high volatility, a report by hedge fund.

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ECB must quickly raise key rates, says head of Germany’s Ifo institute

BERLIN (Reuters) – The European Central Bank must quickly raise interest rates in line with the United States, given high inflation in the euro zone, the head of Germany’s Ifo.

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