Economy

LONDON (Reuters) -Britain wants to build a slew of “megafunds” with up to 80 billion pounds ($102 billion) in fresh investment firepower, under plans for the biggest shake-up in UK…

By David Shepardson (Reuters) -New York Governor Kathy Hochul will announce on Thursday that the state plans to revive a congestion charge for driving in parts of Manhattan that she…

(Reuters) -Payments giant Visa (NYSE:V) said on Wednesday the European Commission (EC) had opened a preliminary investigation into fees charged to retailers. Reuters had exclusively reported earlier this month that…

BRASILIA (Reuters) – Brazil’s incoming central bank chief Gabriel Galipolo said on Wednesday that pursuing its 3% inflation target is non-negotiable for policymakers, but that there are various paths to…

By Matt Tracy (Reuters) – Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions in a single day since the beginning of…

Investing.com — St Louis Federal Reserve President Alberto Musalem suggested Wednesday that the Fed can take its time to gauge whether further rate cuts are needed, though said that if…

By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund manager Nelson Peltz, who backed president-elect Donald Trump this year, said the election-fueled stock market rally cannot continue uninterrupted. “Trees don’t…

By Giuseppe Fonte, Valentina Za and Andrea Mandala ROME (Reuters) -Italy on Wednesday raised 1.1 billion euros ($1.16 billion) by selling 15% of bailed-out bank Monte dei Paschi di Siena,…

(Reuters) – Cisco Systems (NASDAQ:CSCO) raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven…