By Michael S. Derby NEW YORK (Reuters) -Rising income expenses pushed the Federal Reserve system deep into a record loss last year, the central bank said in preliminary figures released on Friday. Fed income after expenses came in at a negative $114.3 billion last year, versus $58.8 billion in positive…

Inflation in Germany rose less than expected in December, and a core reading moved lower, bolstering hopes that the European Central Bank can reduce interest rates this year. Annual headline inflation, harmonized to dove-tail with other European Union nations, last month rose to 3.8% from November’s 2.3%, Germany’s federal statistics…

By Karen Brettell NEW YORK (Reuters) – The pared gains on Friday after U.S. producer prices unexpectedly fell in December, raising expectations of an early U.S. rate cut. It was higher on the day, boosted by safety buying after U.S. and British warplanes, ships and submarines launched dozens of air…

A surprisingly strong December jobs report published Friday, highlighted by an uptick in wage growth, keeps the spotlight on inflation early in the new year. The December consumer price index on Thursday will help Wall Street DJIA to assess whether inflation remains on a downward trend or gets stuck near…

“ The international community can and must do much more to help Ukraine.” As Russia’s war against Ukraine continues to wreak havoc both regionally and globally, the Ukrainian people and their allies demonstrate remarkable determination and courage. But nearly two years after Russia launched its full-scale invasion, it is increasingly…

By Yew Lun Tian, Kevin Yao and Farah Master BEIJING/HONG KONG (Reuters) – Yang Guang’s rise from a village farmer to an Audi-driving businessman with two properties hinged largely on one of the most coveted documents in China: an urban hukou, or residency permit. The 45-year-old who lives in the…

“It’s time for the Biden administration to nix this misguided IP waiver once and for all. ” Several countries are urging the United States to dismantle a cornerstone of its economic success. And the Biden administration may give them exactly what they want. The intention behind the proposal is to…

By Nell Mackenzie LONDON (Reuters) -Ex Millennium trader and founder of hedge fund Kintbury Capital, Chris Dale, says he is short British telecommunications company BT. Dale told attendees at the Sohn conference in London that the debt levels of the company were rising and its decision to reinstate dividends would…

Dallas Federal Reserve President Lorie Logan on Saturday became the latest policymaker to try to temper the market’s dovish interpretation of the central bank’s current policy stance, saying that another interest rate hike can’t be ruled out. Logan said she was concerned about the drop in long-term interest rates that…

Investors have been closely monitoring the words of Treasury Secretary Janet Yellen during her recent visit to Mexico City. While Yellen did not confirm market expectations for upcoming Federal Reserve interest rate reductions, she acknowledged that well-considered market forecasts can be beneficial to monetary policy. Currently, the Federal Reserve’s benchmark…