France can’t stray far from 5% deficit – central bank head
PARIS (Reuters) – France needs to bring its public sector budget deficit as close as possible to 5% of economic output this year as a first step towards getting the…
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Fed eyes slower rate cuts on worries about stalling disinflation: Fed’s minutes
Investing.com — Federal Reserve policymakers were in favor of slowing the pace of rate cuts on concerns about stalling disinflation, according to the minutes of the Federal Reserve’s Dec. 17-18…
Singapore strengthens AI edge with Micron’s $7B investment in HBM
Singapore is set to solidify its position in the global semiconductor supply chain with Micron Technology’s announcement of a $7 billion investment in a high-bandwidth memory (HBM) packaging facility. This…
Why Apple’s $1 billion bid couldn’t sway Indonesia’s ban decision
Indonesia has upheld its ban on the sale of Apple Inc.’s iPhone 16s, stating that the tech giant’s $1 billion investment plan, which includes the construction of an AirTag factory,…
Meta brings eBay to Facebook marketplace: a bold new test for tech giant?
Meta, the parent company of Facebook and Instagram, announced a series of significant changes this week, signaling a shift in its approach to both e-commerce and content moderation. On Wednesday,…
Getty Images, Shutterstock merge to form $3.7B visual content powerhouse
The visual content industry is witnessing a seismic shift as Shutterstock and Getty Images, two of the biggest players in the field, announce their merger. The combined entity, valued at…
Dow Jones drops, S&P flat on Fed uncertainty; Maplebear Rallies, Exxon and Shell slump
US equity benchmarks were mixed on Wednesday as stronger than expected employment data raised concerns over future pace of rate cuts by the Federal Reserve. At the time of writing,…
Yellen says COVID spending may have contributed ‘little bit’ to inflation
WASHINGTON (Reuters) – The Biden administration’s spending on stimulus to keep the economy going during the COVID pandemic may have contributed a little bit to inflation, U.S. Treasury Secretary Janet…
Greenland, gas heaters and the Gulf: Takeaways from Trump’s press conference
(In Jan 7 story, removes reference to a Biden ban on gas water heaters in paragraph 20 and clarifies regulation efforts) By James Oliphant WASHINGTON (Reuters) -President-elect Donald Trump made…
ECB could reach neutral rate by summer, Villeroy says
PARIS (Reuters) – The European Central Bank’s interest rates should reach the point where they are no longer a drag on growth by this summer if inflation is tamed by…