Economy

By David Milliken LONDON (Reuters) – The Bank of England looks set to hold interest rates at 4.75% on Thursday, despite signs of a slowing economy, as persistent inflation pressures…

HONG KONG (Reuters) – The Hong Kong Monetary Authority (HKMA) on Thursday cut its base interest rate charged via the overnight discount window by 25 basis points to 4.75%, tracking…

(Reuters) – Lennar Corp (NYSE:LEN) missed Wall Street estimates for fourth-quarter profit and revenue on Wednesday, as potential buyers remained reluctant to buy homes due to volatile mortgage rates, sending…

By Howard Schneider, Ann Saphir WASHINGTON (Reuters) -The U.S. central bank lowered interest rates on Wednesday, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs hinge on…

Investing.com — The Federal Reserve delivered a hawkish present to markets at its December meeting ahead of the holidays as the widely expected rate cut in December was served up…

WASHINGTON (Reuters) – The U.S. Senate on Wednesday passed the National Defense Authorization Act, or NDAA, which sets policy for the Pentagon, for the 64th straight year, sending it to…

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. central bank has no desire to be involved in any government…

(Reuters) – U.S. stocks plunged on Wednesday after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank’s economic projections signaled a slower…

By David Lawder WASHINGTON (Reuters) -The World Bank said on Wednesday its executive board approved $2.05 billion in Development Policy Operation funding for Ukraine that includes the first grant from…

WASHINGTON (Reuters) -Top Republicans and Democrats in the U.S. Congress have crafted temporary spending legislation to keep federal agencies funded through March 14, which would avert a partial government shutdown…