Higher inflation factors into review of tariffs on Chinese goods- White House

WASHINGTON, April 25 (Reuters) – The Biden administration is carefully studying the inflationary impact of tariffs imposed on China by former President Donald Trump’s administration given a surge in consumer prices, White House press secretary Jen Psaki said on Monday. PSAKI said she had no news on tariff reductions since US Trade Representative Katherine Tai … Read more

Gold marks weekly dip on looming rate hikes, dollar rally

Spot gold hits two-week trough Silver on track for biggest weekly drop since late January April 22 (Reuters) – Gold fell 1% on Friday and was set for its biggest weekly decline since mid-March as signs of faster policy tightening by the Federal Reserve lifted Treasury yields and the dollar. Spot gold was down 0.9% … Read more

​EU says pay for Russian gas in euros to avoid breaching sanctions

European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves Herman/File Photo Register now for FREE unlimited access to Reuters.com Register BRUSSELS, April 22 (Reuters) – EU companies may be able to work around Russia’s demand to receive gas payments in rubles without breaching sanctions if they pay in … Read more

Russia renews assault on Mariupol and missiles hit Odesa, Ukraine says

Luhansk governor says barrage in east intensifying Russia attacking Mariupol defenders – Ukrainian official Missiles hit Odesa military facility – Ukraine’s military UK says Russian forces made no big gains in last 24 hours KYIV, April 23 (Reuters) – Russia resumed its assault on the last Ukrainian defenders holed up in a giant steel works … Read more

US Postal Service chief warns of inflation impact

WASHINGTON, April 22 (Reuters) – US Postmaster General Louis DeJoy says the agency is dealing with significant inflation costs as it works to stem losses, acknowledging higher costs will put further pressure on stamp prices. DeJoy told Reuters in a 90-minute interview late on Wednesday the US Postal Service (USPS) is feeling the impact of … Read more

G7 officials exit World Bank meeting as Russian official begins to speak

International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, US, April 20, 2018. REUTERS/Yuri Gripas//File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 22 (Reuters) – G7 officials and others walked out of a meeting of the Development Committee that advised the … Read more

Biden hosts military chiefs as Ukraine crisis intensifies

US President Joe Biden delivers remarks on infrastructure projects at the Portsmouth Port Authority in Portsmouth, New Hampshire, US April 19, 2022. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 20 (Reuters) – President Joe Biden convened US military leaders on Wednesday in an annual White House gathering taking on … Read more

New US sanctions for Russian bank, oligarchs, crypto miner BitRiver

The US Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim Bourg/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 20 (Reuters) – The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target … Read more

Lockheed quarterly profit falls 5.7% on supply chain snags

FILE PHOTO: A RAF Lockheed Martin F-35B fighter jet taxis along a runway after landing at the Royal International Air Tattoo at Fairford, Britain July 8, 2016. REUTERS/Peter Nicholls/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register April 19 (Reuters) – US weapons maker Lockheed Martin Corp (LMT.N) on Tuesday said its … Read more

Calling time on QE, central banks prep for synchronized asset cull

April 19 (Reuters) – Major central banks, already plotting interest rate hikes in a fight against inflation, are also preparing a common pullback from key financial markets in a first-ever round of global “quantitative tightening” expected to restrict credit and add stress to an already-slowing world economy. The US Federal Reserve and its major counterparts … Read more