IMF chief says higher prices are here to stay
By Nupur Anand WASHINGTON (Reuters) – Higher prices are here to stay, which adds to economic pain also stemming from slow growth and high debt, the International Monetary Fund’s managing…
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Fed’s Schmid wants cautious, gradual, deliberate rate cuts
(Reuters) – Kansas City Federal Reserve Bank President Jeffrey Schmid said on Monday he supports a “cautious and deliberate” approach to interest rate cuts now that inflation is heading back…
W R Berkley posts higher profit on strong investment performance
(Reuters) – Commercial insurer W R Berkley reported nearly a 10% rise in the third-quarter profit helped by strong returns in its investment portfolio. Insurers benefit in a higher interest…
SAP lifts annual guidance after Q3 results top estimates
Investing.com — SAP raised its full-year guidance Monday after fiscal third-quarter results beat analyst expectations on both the top and bottom lines, driven by jump in cloud revenue. SAP raises…
Factbox-Most banks expect gold’s bull run to persist into 2025
(Reuters) – Major banks expect gold to extend its record-breaking price rally into 2025 because of a revival in large inflows to exchange-traded funds (ETFs) and expectations of additional interest…
Big risk to Fed cuts yet to come, UBS says
Investing.com — Fed speakers have been echoing the need for gradual rate cuts recently amid a string of noisy data, fueling expectations that a pause could be on the table in one of the two remaining…
Zelenskiy says US preparing aid package to finance production of Ukrainian drones
(Reuters) – Ukrainian President Volodymyr Zelenskiy said on Monday the United States was preparing an aid package worth $800 million to finance production of Ukrainian drones. Zelenskiy, in his nightly…
Fed’s Logan continues to call for gradual pace of rate cuts
Investing.com — Dallas Fed president Lorie Logan said Monday she continues to see the need for gradual rate cuts toward a neutral level to help manage the risk of faster…
US removes Sandvine from trade restriction list after corporate reforms
By Karen Freifeld and David Shepardson NEW YORK/WASHINGTON (Reuters) -The United States removed Canada-based Sandvine from a trade restriction list after the networking equipment company made changes to its corporate…
Fed’s Kashkari sees modest cuts ahead, but says change in labor market holds sway
Investing.com — Minneapolis Fed President Neel Kashkari said Monday he expects modest rate cuts over the next few quarters, though added that evidence of a quicker slowdown in the labor…