Author: Press Room

Economic data: The People’s Bank of China announces the interest rate on its one-year medium-term lending facility. “If there is a cut today, then we can be quite sure that [Tuesday’s] GDP report will be worse than expected,” says Robert Carnell, head of Asia-Pacific research at ING. India and Singapore release balance of trade figures for March.India: Several three-day meetings begin under India’s G20 presidency: the health working group gathers in Goa, the digital economy working group meets in Hyderabad and chief agricultural scientists convene in Varanasi. The two-day G20 Space Economy Leaders Meeting begins in Shillong. Prime Minister Narendra…

A US helicopter raid in northeast Syria targeted a senior ISIS leader and planner early Monday morning, according to a spokesman for US Central Command. “We believe the raid killed a senior ISIS Syria leader and operational planner responsible for planning terror attacks in the Middle East and Europe,” said Col. Joe Buccino. The identity of the target was not immediately available. Two other armed individuals were also killed in the raid, Buccino said. No US forces were wounded in the raid and no helicopters were shot down, Buccino added. The US has remained focused on the defeat of ISIS…

House Speaker Kevin McCarthy is expected to focus on the approaching debt limit in remarks Monday morning at the New York Stock Exchange, as he seeks to appease his fractious party while averting a crisis that could devastate the U.S. economy.  The California Republican and other members of his party are moving toward a framework that could raise the debt ceiling into 2024, allowing for about $2 trillion in spending, the Washington Post reported Saturday, citing people familiar with the matter.  In exchange, Republicans would demand immediate spending cuts and caps on future spending by federal health-care, education, science, and…

Oil futures ended lower on Thursday, with the U.S. benchmark edging down from a nearly five-month high as investors assessed the economic outlook and prospects for crude demand. A monthly assessment of the outlook for supply and demand from the Organization of the Petroleum Exporting Countries drew little reaction. Still, oil import data from China were encouraging in terms of demand prospects, analysts said. Price action West Texas Intermediate crude for May delivery CL.1, +0.05% CL00, +0.05% CLK23, +0.05% fell $1.10, or 1.3%, to settle at $82.16 a barrel on the New York Mercantile Exchange. The U.S. benchmark ended Wednesday…

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.If you’re feeling underwhelmed by the size of your income-tax refund this year, you’re probably not alone.Before the start of the 2023 filing season, tax professionals and the Internal Revenue Service were cautioning U.S. taxpayers that many refunds would likely be smaller this year due to the expiration of a number of pandemic-related boosts to tax credits and deductions. The…

People’s Bank of China Governor Yi Gang on Saturday called for stronger coordination between U.S. and Chinese economic officials “For the largest major economies, at this point, communication and policy cooperation is even more important,” Yi said, during a discussion at the Peterson Institute for International Economics. Yi was in Washington D.C. for the spring meetings of the International Monetary Fund and World Bank. Chinese officials said that Yi met with Fed Chairman Jerome Powell on the sidelines of the talks. Worries about split between the U.S. and China cast a pall over the meetings. IMF Managing Director Kristalina Georgieva…

© Reuters Fisker (FSR) CEO Henrik Fisker says delivery timeline is ‘on target’ in interview By Michael Elkins Henrik Fisker, the Chairman and CEO of Fisker Inc (NYSE:), spoke in an exclusive interview with Fiskerati, an independent news site that exclusively covers Fisker. The CEO began the conversation by ensuring customers that the company is on track to deliver all 5000 Ocean 1 models before September as originally planned. It is tough to give an exact date as the company is still waiting on some government approvals. “I know everybody would like to know exactly when they are getting their…

MOSCOW (Reuters) – Russia’s ambassador to the United States said Washington had threatened retaliation after Wall Street Journal reporter Evan Gershkovich was detained on espionage charges, and suggested it might be time to cut the number of U.S. journalists in Russia. Russia’s Federal Security Service (FSB) said on March 30 it had detained Gershkovich in the Urals city of Yekaterinburg and had opened an espionage case against him for collecting what it said were state secrets about the military industrial complex. Gershkovich, the first American journalist detained in Russia on espionage charges since the end of the Cold War, and…

By David Milliken LONDON (Reuters) -The Bank of England said on Friday it would rely on a key U.S. regulator’s assessment of U.S.-based central counterparties (CCPs) which clear financial trades in Britain, in order to reduce duplication of work by supervisors. The BoE signed an agreement with the U.S. Commodities and Futures Trading Commission (CFTC) in 2020 to share information, and Friday’s announcement will partially outsource the regulation of U.S. clearing houses which operate in Britain. The central bank said it had deemed CFTC regulation to be of an equivalent standard to its own. “The outcome of this assessment enables…

Air, the new bio-sports-business drama movie about the start of the relationship between basketball great Michael Jordan and Nike and the development of the Air Jordan, of course has attention from reviewers. Two unlikely ones are Donald Boudreaux, economics professor at George Mason University, and David Henderson, research fellow with Stanford University’s Hoover Institution and editor of the Concise Encyclopedia of Economics. And they prove that, while stretching in new directions is often admirable, it helps if you learn what you’re talking about. Their attempt to cast the film as a lesson against companies and investors considering ESG—environmental, social, and…