By Kanishka Singh and Jonathan Landay WASHINGTON (Reuters) -The United States on Friday imposed sanctions on family members and the wider business network of Bosnian Serb nationalist and pro-Russian leader Milorad Dodik, the U.S. Treasury Department said in a statement. Dodik, president of the autonomous Serb Republic, is already under…

The U.S. economy has not only defied widespread predictions of a sharp slowdown. It’s grown even faster. But that doesn’t mean a recession is far away. The U.S. has often experienced fast growth shortly before the bottom fell out. Let’s start with the good news. Gross domestic product, the official…

By Laura Matthews NEW YORK (Reuters) – CME Group (NASDAQ:) is in strong position to make acquisitions, armed with low debt and robust earnings, Chief Executive Officer Terry Duffy told Reuters, even as the world’s largest derivatives exchange operator faces rising competition. Exchanges have been consolidating over the years and…

House Republicans on Tuesday voted for Rep. Tom Emmer of Minnesota to become their latest nominee for speaker of the U.S. House of Representatives, with his selection coming three weeks after the historic ouster of former Speaker Kevin McCarthy. Emmer gradually picked up support in multiple rounds of voting and…

KYIV (Reuters) – Bipartisan support from the United States is “incredibly encouraging” for Ukraine and its troops, Ukrainian President Volodymyr Zelenskiy said following a phone call with U.S. President Joe Biden. Biden, who discussed military support for Kyiv with Zelenskiy in Thursday’s call, will ask Congress for $100 billion in…

James Egan, an analyst from Morgan Stanley, anticipates a continued upward trend in US home prices by the end of 2023, despite the record high levels already reported by the S&P CoreLogic Case-Shiller Index. The bullish scenario suggests a 5% increase but also warns of a potential 5% drop in…

The Bank of Israel opted to hold interest rates at 4.75%, two weeks after the surprise attack by Hamas. The central bank said that assuming the war “will be concentrated on the southern front during the fourth quarter of the year,” it expects GDP growth of 2.3% this year and…

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said on Friday her outlook for central bank interest rate policy still leans toward another increase, while noting amid current economic uncertainties now is a time where policymakers need to be “nimble.” “Regardless of…

As House Republicans keep fighting over who to elect as speaker, GOP Rep. Tom Emmer of Minnesota is currently viewed as having the best chances of scoring the position. Emmer, the No. 3 House Republican, has a 23% chance of becoming speaker as of Monday, according to one betting market,…

By Kirsty Needham SYDNEY (Reuters) -Australia said a security review of a 99-year lease held by Chinese company Landbridge on the northern port of Darwin, a key focus of its defence strategy, found it was “not necessary to vary or cancel the lease”. In a statement, the prime minister’s department…