(Repeats story issued on April 4 with no changes to text.) By Michael S. Derby (Reuters) – Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the U.S. payments system, but he doubts the financial system can support a large number of these assets. “I’ll say I’m a personal, …
Fed’s Waller says stablecoins bring benefits to US payments system Read More »
(Reuters) – U.S. President Donald Trump’s bruising blast of tariffs last week has thrown emerging market central banks a fresh curve ball with many now forced to make the tough choice between supporting economic activity and keeping fragile currencies stable. Economies such as India and Indonesia had until now taken a cautious approach to interest …
Analysis-Trump leaves emerging market central banks with no clean choices Read More »
By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) -Global credit markets began to come under fire on Monday, driving the cost of insuring against corporate and sovereign default higher, as recession fears rippled across equities, commodities and currencies. Trillions of dollars have been wiped off global stock markets in the last three days, as investors …
Global credit starts to wobble as market pain spreads Read More »
By Gabriel Araujo SAO PAULO (Reuters) -Reforestation startup Mombak has secured 100 million reais ($17.8 million) in a deal with Santander Brasil and Brazilian development bank BNDES, it said on Monday, eyeing rapid growth in the carbon removal market. Mombak, which buys degraded land from farmers and ranchers or partners with them to replant native …
Santander, BNDES back Mombak reforestation, drawing on Brazil climate fund Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank is expected to cut its official cash rate by 25 basis points to 3.50% on Wednesday and economists say the bank could make more cuts in 2025 as it reacts to U.S. tariffs and their potential global economic fallout. All 31 economists in a Reuters …
RBNZ to cut rates by 25bps, economists say more cuts possible after U.S. tariffs Read More »
By Samuel Shen and Liz Lee BEIJING (Reuters) -Goldman Sachs said it expects Chinese policymakers to accelerate fiscal easing measures significantly to offset the drag on growth from higher tariffs announced by the United States last week that were higher than expected. Goldman said in a report on Sunday that the new tariff rates announced …
Goldman Sachs expects significant Chinese fiscal easing to offset tariffs Read More »
By Trevor Hunnicutt ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump on Sunday said that sometimes you have to take medicine when asked about falling markets, adding that he was not intentionally engineering a market selloff. “I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump …
Trump, asked about markets, says sometimes you have to ‘take medicine’ Read More »
By Suzanne McGee and Sinéad Carew (Reuters) -U.S. stock futures opened sharply lower late on Sunday, suggesting a continuation of the two-day selloff that wiped trillions from equity values after the Trump administration’s tariffs announcement last week. Investors had been anticipating another week of turbulence as global trading partners react to the harsher-than-expected tariffs. U.S. …
US stock futures tumble indicating another plummet on Wall Street Read More »
TOKYO (Reuters) – Toyota aims to have about 15 electric vehicle models developed on its own by 2027 and is targeting production of about 1 million cars a year by then, the Nikkei newspaper said on Sunday. Toyota declined to comment, saying the information was not announced by the company. Toyota has five EV models …
Toyota to boost EV models to 15, targets producing 1 million by 2027, Nikkei says Read More »
(Reuters) – Wall Street stock futures opened sharply lower on Sunday suggesting a rough start to the trading week as investors worried that a global trade war could push the U.S. economy into a recession after President Donald Trump’s announcement last week of sweeping tariffs against U.S. trading partners. U.S. S&P 500 E-minis stock futures …
