Business

U.S. trade deficit hits record high in February

WASHINGTON (Reuters) -The U.S. trade deficit surged to a record high in February as the nation’s economic activity rebounded more quickly than that of its global rivals and could remain elevated this year, with massive fiscal stimulus expected to spur the fastest growth in nearly four decades.Slideshow ( 2 images )The economy is roaring as […]

Business

IMF board, citing increased credit exposure risks, raises reserve target

WASHINGTON (Reuters) – The Executive Board of the International Monetary Fund has agreed to raise the medium-term target for the fund’s precautionary reserves given a sharp increase in financial risks since 2018, the IMF said on Friday.FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas/File […]