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EXCLUSIVE-IMF says no decision before May on Senegal waiver for misreported data
IMF audit finds external debt larger than reported, mission chief tells investorsSenegal faces pressure to make spending cutsDiscussions on new programme expected to start in June or July, sources sayBy Portia Crowe DAKAR, April 17 (Reuters) - The International Monetary Fund will not decide befor...Reuters
17 hours ago
Trump order seeks looser regulation of US fishing industry
April 17 (Reuters) - U.S. President Donald Trump issued an executive order aimed at increasing domestic seafood production by directing the Commerce Department to loosen regulations and by opening up marine monuments to commercial fishing, the White House said on Thursday.WHY IT'S IMPORTANT The ...Reuters
18 hours ago
Fed's Williams sees no looming need to change monetary policy - Fox Business
By Michael S. Derby NEW YORK, April 17 (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday he sees no imminent need for a change in central bank interest rate policy as Trump administration tariffs are likely to drive up inflation, weaken growth and push up unemploy...Reuters
20 hours ago
US Supreme Court in Cornell case adopts higher bar to dismiss ERISA claims
By Daniel Wiessner April 17 (Reuters) - The U.S. Supreme Court on Thursday revived a class action by 28,000 Cornell University employees accusing the Ivy League school's retirement plans of paying excessive fees for recordkeeping and other services.The court in a unanimous decision penned by ...Reuters
20 hours ago
Trump says he is 100% confident on Europe trade deal
Trump and Meloni discuss trade, NATO defense spendingUS officials say Meloni is 'valuable interlocutor' on US-EU tiesMeloni to meet JD Vance in Rome on FridayBy Angelo Amante, Trevor Hunnicutt and Steve HollandWASHINGTON, April 17 (Reuters) - U.S. President Donald Trump and Italian Prime Min...Reuters
20 hours ago
Top law schools move up summer associate job interviews to May and June
By Karen Sloan April 17 (Reuters) - Nearly all elite U.S. law schools have pushed up their formal law firm interviewing programs to May and June this year, as law firms increasingly hire summer associates earlier and outside of traditional recruiting schedules.The shift – from July and August to ...Reuters
21 hours ago
Trump says Fed's Powell will leave if he asks him; Powell has said he won't
WASHINGTON, April 17 (Reuters) - President Donald Trump said on Thursday he believes Federal Reserve chair Jerome Powell will leave his job if Trump asks him to do so, although the U.S. central bank chief himself has said he would not leave if asked by the president.Trump told reporters he was not h...Reuters
22 hours ago
WRAPUP 2-US labor market stable; tariffs depress single-family homebuilding
Weekly jobless claims drop 9,000 to 215,000Continuing claims increase 41,000 to 1.885 millionClaims decline during April payrolls survey weekSingle-family housing starts tumble 14.2% in MarchPermits for future single-family homebuilding fall 2.0%By Lucia Mutikani WASHINGTON, April 17 (Reuters) - ...Reuters
23 hours ago
Canadians bought record amount of US shares in February
OTTAWA, April 17 (Reuters) - Although tensions between Canada and the United States are high, Canadians bought a record amount of American shares in February, as U.S. stock markets hit an all-time high, official data indicated on Thursday.Statistics Canada said Canadians snapped up C$29.8 billion in...Reuters
Thu, Apr 17
ECB cuts rates on weak growth, markets bet on more easing
Deposit rate cut to 2.25% from 2.50%Rates no longer seen as restrictiveLagarde stresses need for "agility"Trade turmoil to weigh on growth By Francesco Canepa and Balazs Koranyi FRANKFURT, April 17 (Reuters) - The European Central Bank cut interest rates for the seventh time in a year on ...Reuters
Thu, Apr 17
Philadelphia Fed names Anna Paulson of Chicago Fed as new chief
Philadelphia Fed names Anna Paulson as next presidentPaulson currently serves as Chicago Fed research chiefPaulson has extensive experience with financial market issuesBy Michael S. Derby NEW YORK, April 17 (Reuters) - Anna Paulson, currently head of research at the Chicago Fed, will become the n...Reuters
Thu, Apr 17
REFILE-TREASURIES-Yields move sideways ahead of long weekend
U.S. Treasury yields mixed amid market calmFed officials see no immediate rate change amid uncertaintyTrump criticizes Powell, calls for interest rate cutsJapan and China increase Treasury holdings in FebruaryBy Alden Bentley NEW YORK, April 17 (Reuters) - The yield on the benchmark U.S. Treasury...Reuters
Thu, Apr 17
Euro zone bond yields slide after ECB cuts rates and flags tariff risks
By Harry Robertson and Stefano Rebaudo April 17 (Reuters) - Euro zone bond yields fell sharply on Thursday as investors priced in more rate cuts from the European Central Bank, after it lowered borrowing costs and said U.S. President Donald Trump's tariffs would knock the euro zone economy.Ge...Reuters
Thu, Apr 17
Marsh McLennan shares trade down 5% despite reaffirmation of 2025 targets and earnings beat
By David BullApril 17 - Marsh McLennan CEO John Doyle told analysts on Thursday that the developing situation on tariffs and trade is not expected to have a real direct impact on the company’s business, adding that it is maintaining its financial targets for the year despite the potential for slowin...Reuters
Thu, Apr 17
Philadelphia Fed names Anna Paulson of Chicago Fed as new chief
NEW YORK, April 17 (Reuters) - Anna Paulson, currently head of research at the Chicago Fed, has been tapped to become the next leader of the Federal Reserve Bank of Philadelphia, the bank said Thursday. Paulson will take office on July 1, replacing Patrick Harker, who retires at the end of June. “Fo...Reuters
Thu, Apr 17
IMF reaches staff-level agreement set to unlock $441 mln for Tanzania
WASHINGTON, April 17 (Reuters) - The International Monetary Fund on Thursday said it had reached staff-level agreement with Tanzanian authorities that, once approved, would give the East African nation access to some $441 million in financing.The agreement was reached on a fifth review under its Ext...Reuters
Thu, Apr 17
Italy says to meet NATO spending goal this year by accounting changes
Italy defence spending among lowest in NATOEcon minister "acutely aware" of need for increaseTrump pushing allies to lift military budget to 5% of GDPTariff policy, delays in EU fund spending hit growth outlookBy Giuseppe Fonte and Gavin Jones ROME, April 17 (Reuters) - Italy will meet NA...Reuters
Thu, Apr 17