By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Italy is lobbying its European Union partners with increasing urgency to approve more flexible budget rules, according to government sources, as bond spreads widen and Rome fears that deviations from its 2024 spending targets will trigger a disciplinary procedure from Brussels.…

U.S. stock indexes closed higher Wednesday, as traders digested minutes from the Federal Reserve’s last policy meeting and data from the September producer-price index, which showed a measure of wholesale prices rose more than expected. How stocks traded The S&P 500 SPX ended up 18.71 points or 0.4% to 4,376.95…

By Sarah Marsh and Andreas Rinke BERLIN (Reuters) – France and Germany’s governments kick off an unprecedented two-day retreat in Hamburg on Monday in a bid to re-set relations between the European Union’s two biggest powers amid a host of disagreements on energy, industry and defence policy. The French-German motor…

Treasury yields traded in split directions on Wednesday, as traders weighed the Federal Reserve’s most likely trajectory in interest rates against concerns about war in the Middle East. What happened The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 2.1 basis points to 5.003% from 4.982% on Tuesday. The yield on…

Federal Reserve Vice Chair Philip Jefferson has voiced concerns over the escalating Treasury yields, describing them as an additional economic burden. In his keynote address to the National Association for Business Economics conference in Dallas on Monday, Jefferson emphasized the importance of considering the rising yields on long-dated U.S. bonds…

The Securities and Exchange Commission voted Tuesday to adopt new rules that will require activist investors to disclose more quickly when they’ve made an aggressive play to buy up a target company’s shares or certain derivatives based on those shares. The rule will require investors who have intentions to take…

The head of the Bank of Italy’s Economics and Statistics Department, Sergio Nicoletti Altimari, called on Premier Giorgia Meloni’s government to exercise fiscal prudence during a parliamentary hearing on Monday. This appeal comes amidst concerns about Italy’s high borrowing costs and a fragile economy that could be further jeopardized by…

President Joe Biden on Tuesday said he would ask Congress to take “urgent action” to aid Israel after what he called “sheer evil” attacks by Hamas. “When Congress returns we’re going to ask them to take urgent action to fund the security requirements of our partners,” the president said from…

By Gloria Dickie LONDON (Reuters) – Billions of people could struggle to survive in periods of deadly, humid heat within this century as temperatures rise, particularly in some of the world’s largest cities, from Delhi to Shanghai, according to research published on Monday. Towards the higher end of warming scenarios,…

The recent runup in U.S. long-term bond yields is puzzling, said Minneapolis Federal Reserve President Neel Kashkari on Tuesday. “The 10-year Treasury yield has gone up quite a bit. It’s a little bit perplexing what is driving them to go up as much as they have in recent months,” Kashkari…