Economy

Russia to Reduce Tariffs on EU Paper and Refrigerators Following WTO Ruling, Reports Reuters

ZURICH (Reuters) – A World Trade Organization (WTO) ruling on Friday declared that Russia has breached its trade commitments by…

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N.Y. Fed Appoints Michael Held as General Counsel, According to Reuters

The New York Federal Reserve announced on Friday the appointment of Michael Held as general counsel and head of its…

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Weak U.S. Retail Sales and Inflation Data Dim Prospects for Fed Rate Hike, Reports Reuters

By Lucia Mutikani WASHINGTON – U.S. retail sales unexpectedly remained unchanged in July as Americans reduced discretionary spending, indicating a…

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Quebec’s Caisse Anticipates Weak Global Growth, Explores UK Opportunities – Reuters

By Matt Scuffham TORONTO (Reuters) – Caisse de dépôt et placement du Québec, Canada’s second-largest public pension fund, has issued…

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Brazil State Banks Adopt Optimistic Outlook Amid Recovery Hopes, Reports Reuters

By Guillermo Parra-Bernal SAO PAULO – Brazil’s state-controlled banks, which have experienced rising defaults and loan-loss provisions this year, are…

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New York Fed Appoints Michael Held as General Counsel and Head of Legal Group

The Federal Reserve Bank of New York has appointed Michael Held as executive vice president, general counsel, and head of…

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Venezuela Increases Minimum Wage by 50 Percent Amid Skyrocketing Inflation – Reuters

CARACAS (Reuters) – On Friday, Venezuelan President Nicolas Maduro announced a 50 percent increase in the minimum wage, set to…

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Merkel to Encourage Business Leaders to Hire Refugees, Reports Bild

Chancellor Merkel Advocates for Increased Refugee Hiring at Upcoming Summit BERLIN – Chancellor Angela Merkel has extended an invitation to…

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After IMF Deal, Egypt’s Sisi Vows to Implement Tough Reforms, Says Reuters

CAIRO (Reuters) – Egyptian President Abdel Fattah al-Sisi expressed his commitment on Saturday to advancing the necessary reforms aimed at…

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ECB Must Be ‘Vigilant’ as Inflation May Surprise, Nagel Warns

FRANKFURT (Reuters) – Joachim Nagel, a policymaker at the European Central Bank (ECB), emphasized the need for continued vigilance in…

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