Economy

Picture this: debate over the debt ceiling is in the 11th hour and the US is almost reaching default.Members of Congress are hurrying around the US Capitol, holding press conferences and getting into arguments. As Republicans and…

New York CNN Business  —  Corporate boards are slashing the pay of some leading CEOs in a new trend that could just be getting started. The pay cuts are hitting…

A currency broker stands near his booth, which is decorated with pictures of currency notes, while dealing with customers, along a road in Karachi, Pakistan January 27, 2023. — ReutersThe rupee continued to lose its value on…

The writer is chair of Rockefeller InternationalOver the past half century, as governments and central banks teamed up ever more closely to manage economic growth, recessions became fewer and farther between. Often they were …

WASHINGTON, Jan 28 (Reuters) - The U.S. Treasury Department's top sanctions official on a trip to Turkey and the Middle East next week will warn countries and businesses that they could lose access to G7 markets if they do business with…

The shocks that have shaken the global economy in recent years have introduced a new normal for turbulence, driven in some cases by political fragmentation between countries. These episodes have also lifted uncertainty to…

With 2023's World Economic Forum in Davos dominated by discussions of economic growth, or a lack of in most developed countries, one nation was often cited as a bright spot.India is doing "exceedingly well," said Bank of Japan Governor…

Turkey has unveiled a new scheme to push exporters to hold less foreign currency as the government of Recep Tayyip Erdoğan steps up its battle to defend the lira ahead of this year’s elections. The country said on Thursday it…

Lael Brainard, the second-in-command at the Federal Reserve, is a contender to become the next top economist at the White House, in what would be a major shake-up for the US central bank as it grapples with the worst inflation…

U.S. Treasury Secretary Janet Yellen listens to a reporter's question at a news conference during the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 14, 2022. Elizabeth Frantz | ReutersThe…