ISTANBUL, Jan 28 (Reuters) – Turkey’s monthly inflation rate is expected to rise sharply to 4.32% in January, driven by the annual hike in the minimum wage and various new year price adjustments, while the annual rate is seen slowing further, a Reuters poll showed on Wednesday. The median estimate of 12 economists sees annual…
By Kanishka Singh WASHINGTON, Jan 28 (Reuters) – A Brooklyn man was sentenced to 15 years in prison on Wednesday for taking part in what prosecutors called a failed Iran-backed murder-for-hire plot against Masih Alinejad, a prominent Iranian dissident living in the U.S., the Justice Department said. Carlisle Rivera, also known as “Pop,” previously pleaded…
ORLANDO, Florida, Jan 28 (Reuters) – The dollar snapped higher and Wall Street wobbled on Wednesday, but not before the S&P 500 broke above 7,000 points for the first time, after the Federal Reserve kept interest rates on hold and flagged rising inflation risks. More on that below. In my column today I look at…
By Tharuniyaa Lakshmi Jan 28 (Reuters) – The UK’s blue-chip index declined on Wednesday, weighed down by banks and healthcare stocks as it missed out on a tech-led rally that boosted Wall Street indexes earlier, with investors turning cautious ahead of the U.S. Federal Reserve’s interest rate decision. The FTSE 100 closed down 0.5%, while…
WASHINGTON, Jan 28 (Reuters) – At least two federal agents who were involved in Saturday’s fatal shooting of a U.S. citizen in Minneapolis have been placed on administrative leave, two U.S. media outlets said on Wednesday. The Department of Homeland Security said the two immigration agents who discharged their weapons during the deadly encounter with…
By Gertrude Chavez-Dreyfuss NEW YORK, Jan 26 (Reuters) – Bond investors are bracing for an extended pause in the Federal Reserve’s rate-cutting cycle as they edge into slightly riskier trades, driven by a resilient economy and fresh U.S. fiscal stimulus plans that are likely to boost consumer spending this year. The U.S. central bank’s Federal…
Jan 25 (Reuters) – Delta Air lines said on Sunday it is operating a reduced flight schedule as winter weather continues to affect several U.S. regions, while closely monitoring conditions in the Northeast and at its Atlanta hub. Due to proactive schedule adjustments, Delta said the current scheduled flying is operating as planned. The winter…
By Selena Li DAVOS, Switzerland, Jan 23 (Reuters) – China’s low-key approach in Davos this year could not have been more different to that of the United States, with some business leaders saying Beijing stands to benefit from the Trump administration’s clash with Europe over Greenland. Yet many challenges and implementation obstacles lie ahead for…
By Ernest Scheyder Jan 24 (Reuters) – The Trump administration is taking a 10% stake in USA Rare Earth as part of a $1.6 billion debt-and-equity investment package aimed at helping the company develop a domestic mine and magnet facility, two sources familiar with the deal told Reuters. The deal and a separate $1 billion…
By Brad Brooks and Tim Reid MINNEAPOLIS, Jan 25 (Reuters) – Senior Trump administration officials on Sunday defended the fatal shooting of a U.S. citizen by immigration agents in Minneapolis even as video evidence contradicted their version of events and tensions grew between local law enforcement and federal officers. As residents visited a makeshift shrine…
