LONDON (Reuters) – Geopolitics are at the forefront of everyone’s minds after war broke out between Israel and Palestinian militant group Hamas, and the mood in markets is jittery at best. Next week might offer some reassurance that both households and businesses are holding up in an uncertain macro environment…

Iran won’t be able to access a $6 billion account for humanitarian aid under an agreement between the U.S. and Qatar, reports said Thursday. The agreement comes after Hamas’s attack on Israel and was communicated to House Democrats on Thursday by Deputy Treasury Secretary Wally Adeyemo. The Washington Post and…

By Samuel Indyk and Brigid Riley LONDON (Reuters) – The U.S. dollar edged lower on Friday after its biggest daily increase since March the day before, as hot U.S. consumer prices data revived prospects that the Federal Reserve may have to raise rates further to get inflation back towards its…

The world is in the process of reordering itself, something it does every few generations. It is not a process that depends on the decisions of the mighty or something that can readily be stopped. It flows out of economic and political pressures within countries. These internal pressures turn into…

MOSCOW (Reuters) – The Russian rouble steadied near 97.5 to the dollar on Friday, locking in the hefty gains made in the previous session after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to support the currency. The government said late on Wednesday that…

The Biden administration this week is expected to announce which regional projects will receive around $7 billion total in federal funding to build out hydrogen hubs, according to multiple published reports citing unnamed sources. The production of hydrogen is viewed as important for meeting climate goals, and the funding for…

New York Times columnist and Nobel Prize-winning economist Paul Krugman declared the war on inflation over Thursday, but other economists are saying, “Not so fast.” In a post on X, Krugman said, “We won, at very little cost.” The post seemed designed to spark reactions, and it did. Some people,…

By Rachel Savage and Jorgelina do Rosario MARRAKECH (Reuters) – The International Monetary Fund’s (IMF) Africa director said on Monday that he was “hopeful” that Zambia and its official creditors would announce a finalised debt restructuring deal before Thursday. “We’re very hopeful that the authorities and the creditors will be…

The recent rise in long-term bond yields could obviate the need for further interest-rate hikes, Boston Federal Reserve Bank President Susan Collins said on Thursday. “Importantly, the rise in long-term yields implies some tightening of financial conditions. If it persists, it likely reduces the need for further monetary-policy tightening in…

The Federal Reserve (Fed), European Central Bank (ECB), Bank of England (BoE), Bank of Japan (BoJ), National Bank of Hungary (NBH), Czech National Bank (CNB), National Bank of Poland (NBP), and National Bank of Romania (NBR) are expected to halt further rate hikes and initiate rate cuts in 2024. This…