Pelosi emphasizes need for COVID-19 deal ‘now’

Coronavirus4 hours ago (Aug 18, 2020 07:10PM ET) (C) Reuters. House Speaker Nancy Pelosi Delivers Weekly Press Conference WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday that Democrats in Congress are willing to cut their coronavirus relief bill in half to get an agreement on new legislation, which a senior […]

Citigroup wins freeze on funds mistakenly sent to Revlon creditors

Economy4 hours ago (Aug 18, 2020 07:10PM ET) (C) Reuters. The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto By Imani Moise (Reuters) – Citigroup Inc (N:C) won a small victory on Tuesday in its battle to recoup nearly $900 million it mistakenly sent to creditors of troubled cosmetics […]

Fed’s Evans says ball is in Congress’ court on U.S. economy

Economy5 hours ago (Aug 03, 2020 05:20PM ET) (C) Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans speaks during the Global Interdependence Center Members Delegation Event in Mexico City By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Monday called forcefully for more U.S. government spending to support the […]

U.S. Treasury Lifts Quarterly Borrowing Estimate to $947 Billion

Forex7 hours ago (Aug 03, 2020 03:18PM ET) (C) Reuters. U.S. Treasury Lifts Quarterly Borrowing Estimate to $947 Billion (Bloomberg) — The U.S. Treasury said it expects to raise $947 billion in debt over the three months through September to fund the massive and continuing spending surge to address the coronavirus crisis. The figure, released […]

U.S. economic recovery appears to have slowed in July, Fed’s Bullard says

Economy8 hours ago (Aug 03, 2020 02:50PM ET) (C) Reuters. FILE PHOTO: St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York By Jonnelle Marte (Reuters) – The U.S. economic recovery from the coronavirus-induced recession likely slowed in July after surprising to the upside in May and June, […]

UK urges medicine suppliers to stockpile before Brexit transition ends

Economy10 hours ago (Aug 03, 2020 01:00PM ET) (C) Reuters. Illustration photo shows various medicine pills in their original packaging in Brussels LONDON (Reuters) – The British government has urged medicine suppliers to prepare for the country’s exit from the EU single market and customs union on Dec. 31 by building up six weeks’ worth […]

Italy enjoys oversized ECB support as debt balloons

Economy11 hours ago (Aug 03, 2020 11:20AM ET) (C) Reuters. European Union and Italian flags are seen in downtown Rome FRANKFURT (Reuters) – Italy enjoyed oversized purchases of its government debt by the European Central Bank in June and July, standing out as the main beneficiary of ECB efforts to support the virus-stricken euro zone […]

Go your own way: U.S. and UK bonds part ways from Germany and Japan

Economy11 hours ago (Aug 03, 2020 11:15AM ET) (C) Reuters. FILE PHOTO: A 3D-printed coronavirus model is seen in front of a U.S. flag on display in this illustration By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) – Sovereign borrowing costs have taken another lurch lower as more COVID-19 outbreaks threaten economic recovery, yet five […]