Financial crimes watchdog removes Turkey from money laundering ‘gray list’
The FATF had previously found Turkish sectors like banking and property vulnerable to illicit financing of groups like the Islamic State and al-Qaeda.
Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
The 171-year-old jeans maker said sales of denim skirts, pantsuits and dresses are double last year's rate.
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
The core personal consumption expenditures price index was expected to increase 0.1% in May and 2.6% from a year ago.
There’s a big Fed inflation reading coming Friday. Here’s what to expect
There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.
Trade feuds aside, Chinese firms are committed to the U.S. market, survey shows
A survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long-term despite concerns about U.S.-China relations.
Fed Governor Bowman says she’s still open to raising rates if inflation doesn’t improve
Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates.
IMF chief says Europe looks like ‘an ideas supermarket’ for the U.S., calls for further integration
The head of the International Monetary Fund on Thursday called on Europe to achieve the full potential of the single market.
Bank of England holds interest rates steady despite inflation easing to 2% target
It keeps the central bank's key rate at a 16-year high of 5.25%, where it has been held since August 2023.
Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
The Swiss National Bank trimmed its key interest rate by 25 basis points to 1.25% in its second cut of the year.