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Strong domestic demand propels German industrial orders

FILE PHOTO: A worker at German manufacturer of silos and liquid tankers, Feldbinder Special Vehicles, moves rolls of aluminium at the company’s plant in Winsen, Germany, July 10, 2018. Picture taken July 10, 2018. REUTERS/Fabian Bimmer/File Photo April 8, 2021 By Michael Nienaber BERLIN (Reuters) -German industrial orders rose for the second month in a […]

Facebook launches public test of live Q&A product Hotline

FILE PHOTO: People are silhouetted as they pose with mobile devices in front of a screen projected with a Facebook logo, in this picture illustration taken in Zenica October 29, 2014. REUTERS/Dado Ruvic April 8, 2021 By Elizabeth Culliford (Reuters) – Facebook Inc started public testing of a new application dubbed Hotline on Wednesday, where […]

U.S. Senate readying legislation on semiconductors, Biden says

U.S. President Joe Biden speaks about jobs and the economy at the White House in Washington, U.S., April 7, 2021. REUTERS/Kevin Lamarque April 8, 2021 By David Shepardson and Jeff Mason WASHINGTON (Reuters) -U.S. Senate leaders are preparing to introduce legislation on semiconductors, President Joe Biden said on Wednesday as the nation wrestles with an […]

IMF official says Argentina’s leaders divided over debt talks, economic policy

FILE PHOTO: Alejandro Werner, Director of the Western Hemisphere Department of the International Monetary Fund (IMF) speaks during the launch of the report “Economic Perspectives-Americas: Frustrated by Uncertainty”, in Bogota, Colombia October 28, 2019. REUTERS/Luisa Gonzalez/File Photo April 8, 2021 By Rodrigo Campos NEW YORK (Reuters) -There is still a lot of uncertainty about Argentina’s […]

Fed policymakers see risk from infections, not inflation

FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERS/File Photo April 8, 2021 By Ann Saphir and Howard Schneider (Reuters) -The U.S. Federal Reserve plans to keep its super-easy […]

NY Fed may make technical adjustment due to asset purchases, official says

FILE PHOTO: The cornerstone for the Federal Reserve Bank of New York is pictured in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri April 8, 2021 (Reuters) – The Federal Reserve’s ongoing asset purchases are lifting bank reserves to new highs and contributing to a new normal for […]

Analysis: Mexico vs Brazil: Populist presidents confound investors

FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador gestures as he speaks during a news conference at the National Palace, in Mexico City, Mexico, March 24, 2021. REUTERS/Edgard Garrido/File Photo April 8, 2021 By Rodrigo Campos NEW YORK (Reuters) – When a left wing populist and a far-right lawmaker rose to power in Latin America’s […]

Erdogan’s central bank overhaul set up slower growth, higher inflation, economists say

FILE PHOTO: Turkish President Tayyip Erdogan addresses his supporters during the Grand Congress of his ruling AK Party in Ankara, Turkey, March 24, 2021. REUTERS/Umit Bektas/File Photo April 8, 2021 By Ali Kucukgocmen ANKARA (Reuters) – Turkish President Tayyip Erdogan set the stage for higher inflation and slower economic growth when he sacked a well-respected […]

U.S. backing global fight against climate change, leverage private investment: Yellen

FILE PHOTO: U.S. Treasury Secretary-designate Janet Yellen in Wilmington, Delaware, U.S., December 1, 2020. REUTERS/Leah Millis April 6, 2021 WASHINGTON (Reuters) – The U.S. government under President Joe Biden is working closely with the international community to tackle climate change, increase the scale of climate finance and leverage additional private investment, Treasury Secretary Janet Yellen […]

IMF upgrades global growth outlook again as some COVID clouds begin to clear

FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo April 6, 2021 (Reuters) – The International Monetary Fund raised its outlook for global economic growth again on Tuesday, forecasting worldwide output would rise 6% this year, a rate unseen since the […]