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US Supreme Court will hear clash over religious exemptions from Wisconsin tax

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court agreed on Friday to hear a bid by an arm of a Catholic diocese in Wisconsin for a religious exemption from the state's...

Fed rate view in focus as robust stocks year draws to close

By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) - A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await...

December rate cut baked in, but Fed to signal cautious about rate-cut path ahead

-- The November inflation released this week helped cool fears that disinflation is stalling, giving the Federal Reserve room to cut interest rates next week, but the...

Macron's new PM Bayrou faces budget battle with fractious French parliament

By Gabriel Stargardter and Makini Brice PARIS (Reuters) -New French Prime Minister Francois Bayrou said on Friday he faced a "Himalaya" of a challenge to tackle France's deficit,...

UK GDP contracts in October, raising Q4-24 recession concerns - Deutsche Bank Research

UK's economic performance has raised concerns as the Office for National Statistics (ONS) reported a contraction in the October gross domestic product (GDP) by 0.1%...

US watchdog caps bank overdraft fees over industry objection

(Reuters) -The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save...

Marginal rise in US import prices suggests inflation pressures may subside

By Lucia Mutikani WASHINGTON (Reuters) -U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere thanks...

Malaysian workers' lawsuit against Dyson revived by UK court

LONDON (Reuters) - Two dozen migrant workers who allege they were subjected to forced labour at a Malaysian factory while making parts for British vacuum cleaner manufacturer...

Foreigners add $19.2 billion to EM portfolios in November, IIF says

By Rodrigo Campos (Reuters) -Foreign investors added a net $19.2 billion to their emerging market portfolio holdings in November, with selling of stocks more than offset by a...

Bank of Italy cuts growth forecasts for 2024 and 2025

The Bank of Italy has revised its growth projections for the country's economy, now expecting a 0.7% expansion for both this year and next. This update, announced on Friday,...

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