The State Bank of Pakistan has held its key interest rate steady at 22%, in light of an upcoming review by the International Monetary Fund (IMF) of a $3 billion bailout program. This decision comes despite a significant surge in inflation, which reached 31.4% in September due to a record…

Orders for manufactured goods rose 2.8% in September, the Commerce Department said Thursday. That’s the biggest gain since January 2021. Economists surveyed by the Wall Street Journal were expecting a 2.5% gain. Durable-goods orders rose a revised 4.6% in September compared with the initial estimate of a 4.7% gain. That data…

By William Schomberg and Sumanta Sen LONDON (Reuters) – The Bank of England is expected to keep interest rates at their 15-year high on Thursday as it battles an inflation rate that is more than three times as high as its target, despite growing signs of strain in the economy.…

House Speaker Mike Johnson on Thursday predicted Republicans would “very soon” come to a “point of decision” on whether to impeach President Joe Biden. Johnson, the Louisiana Republican who was elected speaker last week, was addressing reporters on Capitol Hill in his first news conference as speaker. He said lawmakers…

BRASILIA (Reuters) -Brazil’s Finance Minister Fernando Haddad on Monday said President Luiz Inacio Lula da Silva will nominate Paulo Picchetti as central bank director of international affairs and Rodrigo Alves Teixeira as director of institutional relations. The nominations must receive approval from the Senate before the new directors can take…

Hedge fund billionaire Ray Dalio says the West’s push to block China from accessing microchips is “very, very similar” to the policy the U.S. took towards Japan in the 1940s that is widely credited with escalating the Second World War.  Dalio, who started multi-billion dollar investment fund Bridgewater out of…

In a third consecutive monthly decline, mortgage approvals reported by the Bank of England dipped significantly in September, hitting their lowest level since January. The number of home loans approved was 43,328, reflecting the impact of rising interest rates that have been implemented as an anti-inflation measure since December 2021.…

BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad said on Monday that as long as he is in his job he will look to ensure “fiscal balance”, but stopped short of saying the government’s goal of erasing the budget deficit in 2024 remains in place. “My goal has been set,…

The refunding: Treasury announced Wednesday it would sell $112 billion in notes and bonds next week. That’s up from $103 billion last quarter. This issuance will refund $102.2 billion of notes maturing on Nov. 15 and raise new cash of approximately $9 billion. The department will auction $48 billion of…

Investing.com — The U.S. Treasury lowered its estimate for federal borrowing for the current quarter as it looks to continue replenishing its coffers. The Treasury Department lowered its net borrowing estimate for the October through December quarter to $776 trillion, down from the $852 billion amount it had forecast in late…