(Reuters) – Ukraine’s prime minister Denys Shmyhal said on Monday the country had received $1.1 billion from the International Monetary Fund, which would be used for key budget expenditure. Finance Minister Serhiy Marchenko said Ukraine had already received $5.4 billion from the IMF so far this year. Kyiv relies heavily on foreign financial aid to […]

By Simon Robinson (Reuters) – Inflation dropped in most economies around the world in 2024, but voters didn’t care. Angered by the hefty ramp-up in prices for everything from eggs to energy over the past few years, they punished incumbent parties at almost every opportunity. The pain of inflation lingers, and ruling parties took the

By Pete Schroeder WASHINGTON (Reuters) -Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might be looming between the incoming administration and the central bank.  Barr, who was tapped to

By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to outperform. The changing of

By Chris Taylor NEW YORK (Reuters) – For many people, financial resolutions might be lighthearted fodder for small talk at holiday parties. Not for Cynthia Luna. She is deadly serious about them. The financial planner from Waxahachie, Texas sends all her clients New Year’s cards with their resolutions written down in black and white. If

Investing.com — UBS economists expect the Federal Reserve to deliver the next interest rate cut in June, by 25 basis points (bps), followed by another one in September. The Fed slashed interest rates by 25 bps at its latest FOMC meeting this month, aligning with market expectations. This marks the fourth cut since September, bringing

By David Ljunggren OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau, whose party looks set to lose power early next year, is under increasing pressure from his own legislators to step down and let someone else take over. The ruling Liberals face obliteration in the next election after more than nine years in office amid

By Karin Strohecker LONDON (Reuters) – Some World Bank staff have criticised an assessment of Ethiopia’s finances conducted with the International Monetary Fund, questioning whether the analysis that underpins the country’s debt restructuring may be “faulty”. In an internal paper seen by Reuters, World Bank consultant Brian Pinto and its chief economist Indermit Gill assess

On Monday, a strategist from Macquarie suggested that the Canadian dollar (CAD) could appreciate and the exchange rate might reach its peak sooner than expected if Canada moves toward an early election that leads to a Conservative-led government. The assertion comes after a period of market caution following the Federal Reserve’s hawkish stance on Wednesday

WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded in November after being depressed by hurricanes in the prior month, but rising mortgage rates could hamper sales next year. New home sales jumped 5.9% to a seasonally adjusted annual rate of 664,000 units last month, the Commerce Department’s Census Bureau said on Monday. The