By Michael S. Derby NEW YORK (Reuters) -The U.S. Federal Reserve has about a year left to run on its efforts to shrink its still massive stock of cash and securities, according to a survey of large banks released by the Federal Reserve Bank of New York Thursday. The bank’s…

Treasury Secretary Janet Yellen said the U.S. can afford supporting two countries — Israel and Ukraine — simultaneously. “America can certainly afford to stand with Israel and to support Israel’s military needs and we also can and must support Ukraine in its struggle against Russia,” Yellen said in an interview…

By Xinghui Kok SINGAPORE (Reuters) -Singapore’s central bank has a unique method of conducting monetary policy, tweaking the exchange rate of its dollar instead of changing domestic interest rates like most other economies. The Monetary Authority of Singapore (MAS) sets the path of what it calls the policy band of…

Governor Kathy Hochul’s green-energy objectives for New York are facing challenges due to increased costs and supply chain disruptions. Developers of wind farms and other renewable energy projects have requested increased subsidies, a move that could potentially double the financial burden on ratepayers from an estimated $10 billion to $22…

Poland’s stocks, bonds and currency jumped on Monday as investors bet that pro-European Union parties were on course to defeat the incumbent nationalists following the country’s general election. In Warsaw, the WIG 20 equity index XX:WIG20 rose 3.5% to a near seven-week high, while the yield on Poland’s 10-year government…

(Reuters) – Federal Reserve Chair Jerome Powell will speak on Oct. 19 before the Economic Club of New York, just before the U.S. central bank’s blackout period begins ahead of its next interest-rate decision. Powell will deliver prepared remarks and respond to questions from a moderator at the midday event…

By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) -U.S. regulators sued the former CEO and co-founder of Voyager Digital Ltd on Thursday, saying the executive and the crypto lender misled customers about the safety of their assets while taking “excessive risks” that led to the firm’s demise. The U.S.…

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. As investors digest the market and policy implications of this week’s U.S. inflation figures, Asia’s focus on Friday turns to Chinese producer and consumer price inflation, and to what extent…

President Joe Biden said the U.S. is doing “everything in its power” to find Americans being held hostage by Hamas in the Gaza Strip. In an interview with CBS News’ “60 Minutes” that aired Sunday night, Biden called Hamas’s attack last weekend, which killed more than 1,400 Israelis and at…

In a recent Q&A session, Susan Collins, President of the Boston Federal Reserve Bank, underscored the necessity for persistently high interest rates, attributing it to the resilience of the economy. The discussion took place on Thursday, shedding light on key aspects of the current economic climate. Collins is closely observing…