House Republicans on Tuesday night voted for Rep. Mike Johnson to become their latest nominee for speaker of the U.S. House of Representatives, with the Louisiana congressman’s selection capping a tumultuous day in which Rep. Tom Emmer was briefly the nominee. Johnson, vice chair of the House Republican Conference, picked…

Following a sustained period of economic growth and earnings improvement, Morgan Stanley has elevated India to “standout overweight”, ranking it ahead of other emerging economies such as Singapore, Greece, Mexico, and Poland. The investment bank’s decision reflects India’s resilience in the face of higher real rate scenarios and its impressive…

By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada is probably done raising interest rates and will hold them at 5.00% for at least six months, according to a Reuters poll of economists that found a majority expecting a reduction in the second quarter of 2024 as the economy…

Standard Chartered CEO Bill Winters has said the “horrific wars” being fought in Ukraine and Israel/Palestine are unlikely to have a major impact on the global economy as they currently are having little impact on interest rates, commodity prices, or people’s ability to travel.  Speaking at the Future Investment Initiative…

Bank of England Governor Andrew Bailey, during his visit to Northern Ireland on Friday, projected a significant drop in UK’s October inflation. This follows an unexpected pause at 6.7% in September and contradicts earlier predictions of Consumer Price Index (CPI) inflation reaching 4.9% by the end of the year. Despite…

JPMorgan Chairman and CEO Jamie Dimon and BlackRock CEO Larry Fink both have one decade in mind — the 1970s. Both were speaking at the Future Investment Initiative in Saudi Arabia, or the so-called Davos in the Desert. In the U.S., Dimon noted the highest levels of debt during peacetime.…

By David Dolan and Kanjyik Ghosh TOKYO (Reuters) -Drugmaker Merck will pay Daiichi Sankyo $5.5 billion to jointly develop three of its candidate cancer drugs, they said, in a deal that could be worth up to $22 billion to the Japanese firm depending on the success of the cell-targeting therapies.…

The numbers: The U.S. economy improved at the start of the fourth quarter due to slower inflation and fresh hopes that interest rates have peaked, a pair of S&P surveys showed. The S&P flash U.S. services-sector index rose to a three-month high of 50.9, from 50.1 in the prior month.…

Bank of England’s Governor, Andrew Bailey, expressed optimism for a significant decrease in inflation by October, following last year’s sharp energy price increase. In an interview with the Belfast Telegraph on Friday, Bailey outlined that the central bank had projected a year-end inflation rate of 4.9%, but September witnessed a…

House Republicans are meeting Tuesday to vote on their new speaker nominee, and cryptocurrency booster Tom Emmer could come out on top — with the crypto industry in his corner. Emmer, a Minnesota Republican, ranks sixth in career contributions from the industry, according to data compiled by Open Secrets, a…