MILAN (Reuters) – Italian banks plan are set to take a 43 percent stake in troubled peer Carige under a 720 million euro (615.5 million pounds)rescue plan sponsored by U.S. asset manager BlackRock, the head of a banking fund said. Speaking to reporters on Monday after a meeting of the voluntary-contribution arm of Italy’s FITD […] Read more
Sen. Amy Klobuchar sat down with CNBC’s John Harwood to discuss the battle for the White House. Klobuchar is running in a crowded Democratic primary field for the right to face President Trump next year. Klobuchar argues that the American capitalist system needs “rebalancing” — and that more workers will unionize as economic inequality persists. […] Read more
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/DOLLAR JUGGERNAUT The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of […] Read more
The Federal Reserve’s preferred inflation gauge showed no change in March and remained well below the central bank’s target, a government report Monday showed. At the same time, consumer spending surged amid a jump in expenditures on motor vehicles and health care. The core personal consumption expenditures index, which strips out volatile food and energy […] Read more
Launched in 2014, the Investment Plan for Europe – known as the ‘Juncker Plan’ – was introduced against a background of low levels of investment and sluggish growth in the aftermath of the economic crisis. It plotted a “roadmap for getting Europe back to work, to boost our economy.” But how much of an impact […] Read more
After nearly two years of waiting, the much-anticipated finale to the Skywalker Saga finally has a name: “The Rise of Skywalker.” At Star Wars Celebration in Chicago on Friday, Disney unveiled the first trailer for what has until now been called “Star Wars: Episode IX.” The film will not take place directly after the events […] Read more
The U.S. is economy likely slowing from its strong rate of growth in 2018, with “important international risks” clouding the outlook, Federal Reserve vice chairman Richard Clarida said on Thursday. This summer, 10 years after the U.S. emerged from a punishing recession, “the current economic expansion almost certainly will become the longest on record,” said […] Read more
BRUSSELS — Here in the political heart of Europe, the U.K. is about to face its most dramatic crossroads in a Brexit process that has been thwarted by stubbornness and indecision. And the country will have little say over its own fate. #embed-20190314-eu-brexit-map iframe {width: 1px;min-width: 100%} On Wednesday night, 27 prime ministers and presidents […] Read more
Federal immigration authorities arrested more than 280 employees of a Texas company in what officials said was the biggest single workplace raid in a decade. The homeland security investigations unit of Immigration and Customs Enforcement (ICE) said the employees of CVE Technology Group Inc. in the city of Allen, north of Dallas, were arrested on […] Read more
Britain’s budget airline easyJet said demand for tickets and prices were bearing the brunt of Brexit uncertainty and a weaker economic outlook on Monday. The carrier said it would incur around €320 million of losses for the first half of its financial year and revenue per seat is expected to have contracted by about 7.4%. […] Read more
