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Economic News
Citigroup profit beats estimates as investment banking fees jumps
By Manya Saini and Tatiana BautzerNEW YORK (Reuters) -Citigroup's profit was broadly steady and beat third-quarter estimates as it…
India’s retail inflation eases to three-month low in September
By Aftab AhmedNEW DELHI (Reuters) - India's retail inflation eased to a three-month low in September on the back of softer vegetable…
US House Republicans seek to unite around a new speaker
By David Morgan and Andy SullivanWASHINGTON (Reuters) - Republicans in the U.S. House of Representatives will try to unite around a new…
Bank of England piles pressure on money market funds to bolster liquidit
By Huw Jones and David MillikenLONDON (Reuters) -The Bank of England said on Tuesday that money market funds should hold "significantly"…
EU leaders to debate economic security amid global tensions
GRANADA, Spain (Reuters) - European Union leaders will debate on Friday how their bloc can strengthen its competitiveness, be at the…
Bond markets brace as oil climbs toward $100 a barrel
By Marc JonesLONDON (Reuters) - World stocks were on track for their longest losing streak in two years on Thursday as the sight of oil…
Volkswagen offices searched in connection with works council salaries
BERLIN (Reuters) - Prosecutors have searched four Volkswagen (ETR:VOWG_p) locations on allegations of excessive salaries for members of the…
Analysis-Why PayPal’s stablecoin is likely to succeed where Facebook’s Libra failed
By Hannah LangWASHINGTON (Reuters) - PayPal (NASDAQ:PYPL)'s stablecoin is likely to succeed where Facebook's failed, thanks to the…
Analysis: Why is China not rushing to fix its ailing economy?
By Laurie Chen and Yew Lun TianBEIJING (Reuters) - With China at risk of tipping into prolonged stagnation and a spiralling property…
Markets on guard for US, China inflation risk
By Nell MackenzieLONDON/SYDNEY (Reuters) -World shares dipped on Monday after a mixed U.S. jobs report triggered a rally in beaten-down…