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By Andrea Shalal MARRAKECH, Morocco (Reuters) – The U.S. Treasury Department is pushing the World Bank and regional multilateral development banks to complete work on new rules for leveraging shareholder capital commitments to boost lending capacity by April 2024, a senior Treasury official said. Giving more value to callable capital — commitments by shareholders to …

US Treasury pushing development banks for progress on next phase of reforms by April Read More »

By Steven Scheer JERUSALEM (Reuters) -Israeli stock and bond prices slid and many businesses were closed on Sunday, a day after Hamas gunmen from Gaza killed hundreds of Israelis and abducted an unknown number of others. Key Tel Aviv share indices ended nearly 7% lower, led by a 9% drop in banking shares on turnover …

Israel markets sink, businesses shut after Hamas attack Read More »

By Nivedita Balu TORONTO (Reuters) -The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise rise in global bond yields, which will further squeeze already tight household budgets. In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers …

Surging bond yields add to Canadian homeowners’ mortgage pain as renewals loom Read More »

By Adam Jourdan BUENOS AIRES (Reuters) – The hand-written entries in the two dozen notebooks – date, haircut, price – chronicle decades of a Buenos Aires barber’s working life. But they tell another story too, Argentina’s most important: a tale of 19,900% inflation and its crippling impact. In his small barbershop with sandy wooden floorboards …

The Buenos Aires barber’s books: a history of 19,900% inflation Read More »

(Reuters) – Federal Reserve Governor Michelle Bowman on Saturday repeated her view that inflation continues to be too high despite “considerable” progress in lowering it, and the U.S. central bank will likely need to tighten monetary policy further. “I expect it will likely be appropriate for the (Fed) to raise rates further and hold them …

Fed’s Bowman says it will likely be appropriate to raise rates again Read More »

By Daina Beth Solomon MEXICO CITY (Reuters) -Walmart’s Mexico unit said on Friday it will face an anti-trust panel for alleged relative monopolistic practices related to the supply, wholesale distribution and marketing of consumer goods. The allegations follow a three-year investigation by Mexico’s antitrust regulator, Cofece, and the company now has 45 days to provide …

Walmart’s Mexico unit to face anti-trust panel after three-year investigation Read More »

(Reuters) – Canadian workers union Unifor on Friday said General Motors was “resisting” a number of important elements of its pattern agreement with Ford Motor. The union had chosen the company as its second bargaining target after Ford, to address GM-specific issues in another round of contract talks. Earlier last month, Unifor ratified a new …

Unifor says GM resisting important elements of Ford pattern agreement Read More »