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☆ Yellen honors pioneers as U.S. prints first banknotes with women's signatures
▼ + stars: | 2022-12-08 | by ( Andrea Shalal | ) www.reuters.com time to read: +4 min

REUTERS/Shelby TauberFORT WORTH, Texas, Dec 8 (Reuters) - U.S. Treasury Secretary Janet Yellen on Thursday hailed fellow pioneers during the unveiling of the first U.S. banknotes printed with two women's signatures, while calling for "much more" work to advance equity for women and minorities. Seeing the bills for the first time, Yellen told Malerba: "Oh my gosh. Asked how she felt, a beaming Yellen told reporters: "Excited. But we know that much more needs to be done," Yellen told printers after a tour of the 675-person facility. It means a lot to me and my colleagues that she will be the first female Treasury secretary with her signature on the dollar note," she said.

☆ China locks down major iPhone making city as Covid cases jump to a record high, sparking concerns that lockdowns could stretch beyond 2023
▼ + stars: | 2022-11-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China posted a record number of daily Covid cases on Wednesday, amid a surge in the Omicron strain. It stepped up lockdowns in affected areas such as Zhengzhou, home to the world's largest iPhone plant. The restrictions come amid a surge of COVID-19 infections in China. China reported a record high 31,444 local infections for Wednesday, including asymptomatic cases, according to the country's National Health Commission. Despite the surge in COVID-19 infections in China, the Chinese and Hong Kong markets are flat at midday on Thursday.

☆ IMF urges China to boost COVID vaccinations, restore property sector confidence
▼ + stars: | 2022-11-23 | by ( David Lawder | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 23 (Reuters) - The International Monetary Fund urged China on Wednesday to boost COVID-19 vaccination rates and give more robust support to its troubled property sector to restore confidence and reduce risks from a global economic slowdown and high energy prices. In a statement following virtual meetings for its annual review of China's economic policies, the IMF said it was maintaining GDP growth forecasts issued in October. The IMF said economic risks for China were tilted to the downside, due to headwinds from a global slowdown, higher energy prices and tighter global financial conditions. PROPERTY SUPPORTThe Fund applauded authorities' recent support initiatives for China's slumping property sector, including a loan program to help complete unfinished homes and allowing forbearance on troubled property loans. The IMF also renewed its longstanding call for more market-based reforms in China, including ensuring "competitive neutrality" between private and state-owned firms.

☆ Days before the midterms, Twitter lays off employees who fight misinformation
▼ + stars: | 2022-11-04 | by ( Ben Collins | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Brandy-Zadrozny-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +8 min

Musk has said the company won’t allow anyone back on Twitter who was previously banned for at least a few more weeks. One current and two former employees were also concerned about a planned product that would allow Twitter users to buy verification badges. “Twitter isn’t prepared for that scale,” said one Twitter employee who survived Friday’s layoffs and asked to remain nameless because they were not authorized to speak publicly about internal company projects. The Twitter employee said that, as of the layoffs, the plan was that “there’s not going to be any verification of ID” to acquire a verification badge. “Now they’ve taken the brakes off the car.”One laid-off Twitter employee told NBC News that “the only saving grace is that he changes his mind on things all the time.”“There were some incredibly talented people who didn’t deserve this,” said a current Twitter employee.

☆ What do Indians think about Rishi Sunak’s rise? Like UK-India relations, it’s complicated
▼ + stars: | 2022-10-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +13 min

Now, an Indian-origin man has become the Prime Minister of England,” a Zee News anchor said. Leon Neal/Getty Images Sunak and Boris Johnson watch as a sheep is sheared during a visit to a farm in North Yorkshire, England, in July 2019. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022. Indian Prime Minister Narendra Modi suggested as much in a tweet welcoming Sunak’s appointment.

☆ Indians pinning their hopes on Rishi Sunak on Diwali
▼ + stars: | 2022-10-24 | by ( Krishna N. Das | ) www.reuters.com time to read: +3 min

NEW DELHI, Oct 24 (Reuters) - Many Indians are delighted at the prospect of Rishi Sunak becoming the first person of Indian origin to become British prime minister on Monday, just as Hindus across the world celebrate Diwali. "Rishi Sunak took oath as an MP on (Hindu holy book) Bhagavad Gita. Former British finance minister Sunak, 42, is a practising Hindu and is known to celebrate the festival of lights. Some Indians are hoping for closer British-Indian ties if Sunak does become prime minister. "@RishiSunak becoming the British PM will be a great Diwali gift for UK, & a reason for celebration in India," former Indian diplomat Rajiv Dogra wrote on Twitter.

☆ Gold steady as tepid U.S. dollar counters rate-hike woes
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: +1 min

Gold prices were steady on Tuesday as the dollar faltered, although risks from looming aggressive interest hikes by the U.S. Federal Reserve limited gains in zero-yielding bullion. The dollar index was flat in Asian hours, having fallen 1% overnight, while benchmark U.S. 10-year Treasury yields also eased. Gold is highly sensitive to rising U.S. rates, which increase the opportunity cost of holding the non-yielding asset. Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.22% to 939.10 tons on Monday. Spot silver rose 0.1% to $18.71 per ounce, platinum was 0.3% higher at $918.00 and palladium gained 0.4% to $2,008.97.

☆ Oil steady as recession woes counter positive Chinese signals
▼ + stars: | 2022-10-17 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

Brent crude futures were down 1 cents, or 0.01%, to $91.62 a barrel, recovering from a 6.4% fall last week. U.S. West Texas Intermediate crude was down 15 cents, or 0.2%, at $85.46 after a 7.6% decline last week. Beijing will also greatly increase domestic energy supply capacity and step up risk controls in key commodities including coal, oil, gas and electricity, a senior National Energy Administration official said on Monday. "It's been another turbulent few weeks in oil markets from global growth concerns to super-sized OPEC+ output cuts and it seems they're yet to fully settle down," said Craig Erlam, senior markets analyst at OANDA. OPEC+ output cuts attracted funds back to the oil markets, with continued heavy buying of crude oil futures and options for a second straight week.

☆ Oil rises as positive Chinese signals counter recession fears
▼ + stars: | 2022-10-17 | by ( Noah Browning | ) www.reuters.com time to read: +2 min

Brent crude futures rose 53 cents, or 0.6%, to $92.16 a barrel by 1245 GMT, recovering from a 6.4% fall last week. U.S. West Texas Intermediate crude was up 34 cents, or 0.4%, at $85.95 after a 7.6% decline last week. China will further increase reserve capacities for key commodities, another state official told a news conference in Beijing. The third-quarter GDP data, along with September activity data, is due for release on Oct. 18 at 0200 GMT. Meanwhile a strong U.S. dollar and further interest rate increases from the U.S. Federal Reserve are helping to contain price gains.

☆ IMF's Gopinath: Fed and ECB right to tighten policy - Handelsblatt
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Oct 17 (Reuters) - Inflation in the United States is "very stubborn" and the Federal Reserve should "stay the course" and tighten monetary policy or else lose credibility, said Gita Gopinath, the International Monetary Fund's first deputy managing director. read more"Inflation continues to be very stubborn," Gopinath said of the United States in comments to German business daily Handelsblatt published on Monday. Nevertheless, she said it would be right for the European Central Bank to "normalise its monetary policy by the end of the year and then tighten next year". Starting slowly initially then picking up pace in recent months, the ECB has been unwinding policy support all year and lifted rates by a combined 125 basis points at its past two meetings, the fastest pace of policy tightening on record. read moreRegister now for FREE unlimited access to Reuters.com RegisterWriting by Paul Carrel; Editing by Kim Coghill and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: IMF plugs financing gaps as riskier emerging markets face squeeze
▼ + stars: | 2022-10-14 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +6 min

Ghana, Egypt, Tunisia and Malawi are all in talks on some type of IMF financing. Countries' debt burdens have risen. Turning to the IMF for financing has been the traditional playbook for smaller, strained countries in times of crisis. A set of new IMF tools should also help funnel more funds to such countries in the short-term. "But IMF does act as an anchor and allows access to a broader set of funding, even if not from the market," said Alexandru-Chidesciuc.

☆ The Fed's interest rate path will reduce inflation, but it will cause pain, says IMF's Gita Gopinath
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's interest rate path will reduce inflation, but it will cause pain, says IMF's Gita GopinathGita Gopinath, first deputy managing director of the International Monetary Fund, joins CNBC's 'Squawk Box' to discuss global inflation ahead of the key consumer price index data.

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