Browsing: Economy

By Jonathan Cable LONDON (Reuters) – The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in…

America and its Western allies face a new era of geopolitical tensions with a coalescing alliance of autocratic states — China, Russia, North Korea, Iran and perhaps Saudi…

SINTRA, Portugal (Reuters) – The world’s top central banks may need longer to get inflation back down to target and a fresh bout of financial turbulence…

I was working at the American Embassy in Moscow in 1991 when the Soviet Union collapsed. It is not hyperbole to say that it was a…

(Reuters) -Odey Asset Management has suspended its flagship hedge fund after it was hit with redemption requests following the removal of founder Crispin Odey, Bloomberg News…

By David Shepardson (Reuters) -A New York City plan to charge a daily toll on vehicles entering or remaining in the central business district got a…

(Bloomberg) — A plan to charge motorists driving into New York City’s midtown Manhattan received final federal approval, according to a notice to US congressional members,…

The International Monetary Fund — that scourge of the left for demanding that struggling countries adopt austerity policies in return for loans — says that actually…

(Reuters) – The Executive Board of the International Monetary Fund approved a 3-year Extended Credit Facility and Extended Fund Facility for about $1.51 billion with Senegal,…

By Gary McWilliams HOUSTON (Reuters) -A U.S. judge on Monday signaled he was prepared to go ahead with selling Venezuela-owned oil refiner Citgo Petroleum’s assets to…