Indian government says IMF debt warning a worst case scenario
NEW DELHI (Reuters) – The Indian government said on Friday a warning from the International Monetary Fund (IMF) that the country’s debt to GDP
U.S. economy posts steady but lackluster growth at year’s end, S&P finds
The numbers: The service side of the U.S. economy grew faster at the end of the year while manufacturers remained mired in a slump,
Fed rate cuts firmly in view for 2024, even as rate-setters shift
By Ann Saphir SAN FRANCISCO (Reuters) – The annual rotation on the U.S. Federal Reserve’s interest-rate-setting committee means its 2024 voting members lean slightly
Builder-confidence index rises for the first time in five months as mortgage rates fall
The numbers: Builder confidence rose in December for the first time in five months as mortgage rates fell. Builder confidence increased as rates fell
Dollar slips to 5-month low as US inflation cools
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The edged down on Friday, hitting a near five-month low as data showed annual U.S. inflation slowed
U.S. housing starts surge to highest level since May
The numbers: Construction of new homes rose 14.8% in November, as builders scaled up new projects. The pace of construction increased as builders saw
Bristol Myers to buy schizophrenia drugmaker Karuna Therapeutics for $14 billion
By Michael Erman and Manas Mishra (Reuters) -Bristol Myers Squibb on Friday agreed to buy Karuna Therapeutics (NASDAQ:) for $14 billion, gaining a promising
Markets are declaring victory over inflation for Powell, and that has some economists worried
Federal Reserve Chair Jerome Powell said Wednesday it was too early to declare victory over inflation, but financial markets have effectively declared victory for
Former Ecuador VP asks for asylum in Mexico -lawyer
By Alexandra Valencia QUITO (Reuters) -Former Ecuadorean Vice President Jorge Glas, convicted twice for corruption, has asked Mexico for political asylum, arguing he is
U.S. inflation will fall to 2.1% in 2024, CBO projects
Inflation is likely to continue to slow over the next two years and approach the Federal Reserve’s target rate of 2%, according to projections
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