IMF to boost Kenya with $938 million loan amid economic strains
WASHINGTON – The International Monetary Fund (IMF) has reached a staff-level agreement to augment Kenya’s financial aid, providing immediate access to $682.3 million and
Mortgage rates fall for the third week in a row. ‘There is room’ for rates to drop further, one economist says.
Mortgage rates fell for the third week in a row on the back of early signs that inflation is slowing. The 30-year fixed-rate mortgage
Fed’s Williams touts need for more market data transparency
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams said Thursday good data is key for market
Philadelphia Fed manufacturing index continues long trend in contractionary territory
The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity improved slightly to negative 5.9 in November from negative 9 in
Oman recovering, IMF says, though more reforms required
DUBAI (Reuters) -Oman’s economic recovery is continuing, the International Monetary Fund (IMF) said on Thursday, adding that while it expects growth to rebound in
U.S. housing starts rise ‘unexpectedly’ for the second straight month
The numbers: Construction of new homes rose 1.9% in October, as builders amped up new projects. The pace of construction increased as builders saw
Emerging markets to gain from Fed easing, better growth prospects: Amundi’s Berardi
By Anisha Sircar (Reuters) – Europe’s largest fund manager, Amundi’s investment institute, expects emerging markets (EM) to benefit next year from better economic prospects
U.S. existing-home sales drop in October to lowest level since 2010
The numbers: U.S. existing-home sales fell 4.1% in October to a seasonally adjusted annual rate of 3.79 million, the National Association of Realtors said
UK business leaders call for pension reforms to boost domestic investment
LONDON – A consortium of high-ranking executives from leading British companies, including HSBC Holdings Plc (LON:) and the London Stock Exchange, have urged UK
Some experts balk at talk that Fed must cut rates soon if inflation keeps coming down
Over the summer months, as reporters and the markets were pondering how many more times the Federal Reserve would hike interest rates this year,
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