Fed Could Lower Interest Rates in 2024, Williams Says

LONDON (Reuters) - The Bank of England is poised to raise interest rates for the 10th time in a row on Thursday to keep up its fight against rampant inflation, but it might also drop a hint about when the steep climb in borrowing costs will end. With Britain's economy...

WASHINGTON (Reuters) - U.S. investors including the investment arms of Intel Corp and Qualcomm Inc accounted for nearly a fifth of investments in Chinese artificial intelligence companies from 2015 to 2021, a report showed on Wednesday. The document, released by CSET, a tech policy group at Georgetown University, comes amid...

SYRACUSE, New York (Reuters) -President Joe Biden said on Saturday that the United States is "going to take care of" a suspected Chinese spy balloon that has been tracked flying across the United States. Biden made his remark in response to a question about whether the United States would shoot...

WASHINGTON (Reuters) -A Chinese spy balloon has changed course and is now floating eastward at about 60,000 feet (18,300 meters) over the central United States, demonstrating a capability to maneuver, the U.S. military said on Friday, in the latest twist to a spying saga that led U.S. Secretary of State Antony Blinken to postpone a visit to China.

SEOUL (Reuters) - South Korean consumer inflation ticked up in January to a three-month high but, driven mostly by temporary effects, left investors still confident that the central bank had ended its cycle of interest rate rises. The consumer price index was 5.2% higher in January than in the same...

ISLAMABAD (Reuters) -Pakistan's foreign exchange reserves held by the central bank decreased by 16.1% to $3.09 billion in the week ending Jan. 27, the State Bank of Pakistan (SBP) said on Thursday, which analysts said covers less than three weeks of imports. The country is locked in negotiations with the...

BEIJING (Reuters) -China said on Friday an "airship" that is flying over the United States is for civilian meteorological and other scientific purposes and voiced regret that it strayed into U.S. airspace. U.S. officials said on Thursday that a Chinese spy balloon has been flying over the United States for...

(Reuters) - Tesla Inc raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits. Tesla increased the price of the Model Y Long Range to $54,990, and the...

LONDON (Reuters) - Jeffrey Sherman, Deputy CIO at DoubleLine, sees some "pockets" of opportunity in commercial real estate, including offices, after bond markets rallied this year. Sherman, who helps to manage almost $100 billion in assets, told Reuters in an interview on Thursday that U.S. commercial real-estate debt with yields...

BRASILIA (Reuters) -A new wave of criticism from Brazilian President Luiz Inacio Lula da Silva and his Cabinet against the central bank weighed on financial markets on Friday, which were also reeling from surprisingly strong U.S. employment data. Lula resumed an offensive against the central bank in a Thursday TV...

WASHINGTON (Reuters) -China's flight of a suspected surveillance balloon over the United States appears to mark a more aggressive - albeit puzzling - espionage tactic than relying on satellites and the theft of industrial and defense secrets, security experts said. Both the United States and China have for decades used...