In next downturn, Fed may opt for quick, strong action
NEW YORK/SAN FRANCISCO (Reuters) - In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and use them more aggressively, or risk getting mired in growth-sapping deflation or worse.
Coronavirus fears, U.S. business data drag down Wall Street
NEW YORK (Reuters) - U.S. stocks sold off and the Nasdaq had its worst daily percentage decline in about three weeks on Friday as a spike in new coronavirus cases and data showing a stall in U.S. business activity in February fueled investors' fears about economic growth.
U.S. watchdog proposes national standard for disclosing expired debt
WASHINGTON (Reuters) - The U.S. consumer watchdog on Friday proposed establishing a national standard for how debt collectors must inform borrowers when they cannot be sued for expired debt.
Coronavirus fears weigh on U.S. manufacturing, services sectors
WASHINGTON (Reuters) - U.S. manufacturing and services sectors activity stalled in February amid growing concerns about the deadly coronavirus' impact on the economy, boosting investor demand for safe-haven assets like government bonds.
U.S., India at odds over trade as Trump heads for encounter with Modi: U.S. officials
WASHINGTON (Reuters) - Trump administration officials on Friday acknowledged that U.S. President Donald Trump's visit to India next week will not result in even a limited trade deal, saying they still have major concerns over India's trade barriers.
Take Five: 'Our currency, your problem' - all over again
(Reuters) - 1/KING DOLLAR
Fund managers look for value in high-priced consumer sector
NEW YORK (Reuters) - Expectations that spending on items ranging from hotels to clothing will continue to rise have helped make consumer discretionary stocks the most expensive sector in the S&P 500.
Trump: U.S. may give farmers more aid until trade deals 'kick in'
WASHINGTON (Reuters) - The United States may give American farmers additional money until trade deals with China, Mexico, Canada and other countries fully go into effect, President Donald Trump said on Friday.
IMF urges Colombia to tighten fiscal adjustment, increase reserves
BOGOTA (Reuters) - Colombia needs a more durable fiscal adjustment to meet its financial targets, the International Monetary Fund said on Friday, adding that the country's central bank should increase reserves to protect against external shocks.
Feuding EU fails to plug Brexit hole in new budget
BRUSSELS (Reuters) - European Union leaders fell out on Friday over their next long-term budget after fraught talks over a gaping Brexit hole in their joint coffers, with poorer countries demanding more aid and their "frugal" peers determined to rein in spending.