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Fed’s Kaplan sees U.S. economy growing at least 5% this year

FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir February 23, 2021 (Reuters) – Dallas Federal Reserve President Robert Kaplan on Monday said his forecast for 5% U.S. GDP growth this year could be an underestimate, given the likelihood of further […]

Dollar slips on improving European, U.K. economic outlooks, commodities bounce

A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration February 23, 2021 By David Henry and Julien Ponthus NEW YORK/LONDON (Reuters) – The U.S. dollar resumed its slide against major currencies and reached multi-year lows against the British pound and the Australian dollar on Monday, as traders focused on […]

New Draghi-led government has no immediate impact on Italy’s credit quality: S&P

FILE PHOTO: New Italian premier Mario Draghi presides over his first cabinet of ministers reunion after the swearing-in ceremony, at Chigi Palace Premier’s office, in Rome, Italy February 13, 2021. Andrew Medichini/Pool via REUTERS/File Photo February 23, 2021 MILAN (Reuters) – Rating agency S&P Global said on Monday that the birth of a new […]

IMF says COVID-19 might widen wealth differences in Europe

FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks at an opening news conference during the IMF and World Bank’s 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, U.S., October 17, 2019. REUTERS/Mike Theiler/File Photo February 23, 2021 By Jan Strupczewski BRUSSELS (Reuters) – The COVID-19 pandemic is […]

Turkey’s Erdogan defends plunge in reserves under ex-minister Albayrak

FILE PHOTO: Turkish lira banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration February 23, 2021 By Tuvan Gumrukcu ANKARA (Reuters) – President Tayyip Erdogan on Monday defended a policy that oversaw a steep drop in FX reserves under former finance minister Berat Albayrak, his son-in-law, saying it helped Turkey to ride […]