Economic News

By Alexandra Valencia QUITO (Reuters) – The defense representing Ecuador President Guillermo Lasso has asked lawmakers to declare impeachment hearings against him inadmissible, arguing that the embezzlement of which he is accused did not take place, the president’s lawyer said on Monday.

By Blake Brittain (Reuters) – Grunge music pioneers Soundgarden and Vicky Cornell, the widow of lead singer Chris Cornell, have settled a legal dispute over the late singer’s unreleased recordings, according to a joint post from their Instagram accounts on Monday.

By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden is running again, he and White House officials insist, he’s just not ready to announce it yet.

(Reuters) – Asset manager BlackRock Inc plans to start sale of securities of the banks that collapsed in March, Bloomberg News reported on Monday citing emails.

By Wayne Cole SYDNEY (Reuters) – Asian stocks opened cautiously on Monday as U.S. earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world’s second-largest economy is recovering.

By Katharine Jackson WASHINGTON (Reuters) – Democratic U.S. Senator John Fetterman returned to work on Monday after weeks of treatment for depression, bringing a crucial vote back to a Senate narrowly controlled by Democrats.

By Hyonhee Shin SEOUL (Reuters) – South Korea, the United States and Japan will stage joint naval missile defence exercises on Monday as they push for greater security cooperation to better counter North Korea’s evolving missile threats, Seoul’s navy said.

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear an appeal from a Texas inmate convicted of robbery who argues that the 27 years he was forced by prison officials to spend in solitary confinement violated the constitutional bar against “cruel and unusual.”

By Jody Godoy and Helen Coster (Reuters) – Fox Corp shareholders are demanding company records that may show whether directors and executives properly oversaw Fox News’ coverage of former President Donald Trump’s election-rigging claims, sources told Reuters, in what could be a prelude to lawsuits seeking

By David Randall NEW YORK (Reuters) – Investors are awaiting earnings reports from consumer discretionary companies in coming weeks for a read on how the U.S. economy is faring amid persistently high inflation and the Federal Reserve’s most aggressive rate hiking cycle since the 1980s.

(Reuters) – Charles Schwab Corp beat first-quarter profit estimates as rate hikes by the Federal Reserve boosted the financial services provider’s interest income, even as it struggled with a decline in deposits from the U.S. banking crisis last month.

JERUSALEM (Reuters) – Israeli President Issac Herzog called for national unity at the opening ceremony for Israel’s annual Holocaust memorial day on Monday as the nation remained deeply divided over plans by the far-right government to implement a judicial overhaul.

(Reuters) – U.S. stock index futures were largely flat on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening.

By Huw Jones LONDON (Reuters) – Stock exchanges and asset managers have squared off ahead of European Union negotiations this week over how much information investors should be given to find the best deals on Europe’s fragmented stock markets.

By Davide Barbuscia NEW YORK (Reuters) – Tighter lending conditions after recent bank failures will likely drive the U.S. economy into a shallow recession in the second half of this year, bolstering the case for a gradual increase in exposure to long-term bonds in anticipation of

(Adds exclusive tag) WASHINGTON (Reuters) – U.S. President Joe Biden’s administration is set to move ahead with the sale of a small modernization package for Turkey’s existing F-16 aircraft, after leaders of U.S. congressional committees gave informal approval for the sale, sources familiar with the matter

(Reuters) – Alphabet Inc shares fell over 4% in premarket trading on Monday after a report that South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices.

By Michael S. Derby (Reuters) – Contrary to how many Federal Reserve officials have tended to focus on longer-run inflation expectations data as a tool to divine real world price pressures, a Cleveland Fed report released on Monday said shorter-run expectations may be the more important

DUBAI (Reuters) – Saudi Arabia on Monday will release a number of detainees to Yemen, the International Committee of the Red Cross said, in a unilateral move that follows three days of simultaneous detainee exchanges between the warring parties in Yemen’s conflict.

(Reuters) – The U.S. Central Command said its forces targeted and likely killed a senior Islamic State leader who it said was involved in “planning terror attacks in the Middle East and Europe” in the early hours of Monday.