The Biden administration may close a loophole to deny Chinese companies from buying American-made AI chips through overseas subsidiaries, according to a new report. Reuters reported Thursday night that U.S. rules restricting the export of AI chips and chip-making tools to China may be tightened later this month. Among the…

The annual meeting of the International Monetary Fund (IMF) and the World Bank is currently taking place in Marrakesh, Morocco, marking their first return to Africa since 1973. The event is focusing on global economic challenges that are particularly impacting developing nations and emerging markets. The last time these meetings…

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers consider a spike in Italy’s bond yields to be justified by the government’s projection of higher deficits, but see it as a warning sign that should cool talk of ending a bond-buying scheme early, six sources said.…

Mortgage rates rose for the fifth week in a row amid concerns over whether the U.S. Federal Reserve will hike interest rates, as well as over the ongoing conflict in Israel and Gaza. The 30-year fixed-rate mortgage averaged 7.57% as of Oct. 12, according to data released by Freddie Mac…

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Nearly 40% of the extra revenue that Brazil’s government needs to erase its budget deficit next year hinges on one strategy: the Brazilian Treasury’s top lawyer using a stronger hand to negotiate some 67 billion reais ($13 billion) from tax disputes.…

U.S. stock indexes finished lower on Thursday to end a four-session winning streak as rising Treasury yields continued to pressure equities after data showed inflation remained elevated in September.How stocks traded The S&P 500 SPX was down 27.34 points, or 0.6%, to end at 4,349.61 The Dow Jones Industrial Average…

Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das are set to lead the Indian delegation at the IMF-World Bank Annual Meetings 2023 and the fourth G20 Finance Ministers & Central Bank Governors meeting. The meetings, which will take place in Marrakech, Morocco from October 11-15, will see India…

The numbers: Initial jobless claims were flat at 209,000 in the week ended Oct. 12, the Labor Department said Thursday.   Economists polled by The Wall Street Journal had estimated new claims would rise 3,000 to 210,000. Last week claims rose a revised 4,000 to 209,000. That compared with the initial…

By Jorgelina do Rosario MARRAKECH (Reuters) – The World Bank on Monday said it is looking at ways to expand the guarantees it provides for commercial loans to boost the private financing available to developing countries. Some emerging economies have been unable to tap international markets as global interest rates…

As much of the U.S. economy struggles with the burden of rising interest rates, many top investors are questioning the wisdom of buying U.S. Treasurys — even though they are paying yields not seen in more than a generation. “We’re going to have a debt crisis in this country,” billionaire…