By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s annual consumer inflation accelerated in the second quarter but was below economists’ forecasts, leading markets to narrow the odds on a rate cut next month given weakness in the broader economy. Annual inflation came in at 2.7% in the second quarter, speeding up from the 2.5% rate in …
New Zealand annual inflation quickens but below economists’ forecast Read More »
(Reuters) -Abacus Storage King has granted the consortium comprising Ki Corporation and Public Storage access to examine the company’s books and records for six weeks to evaluate its A$2.17 billion ($1.41 billion) binding acquisition proposal. The consortium earlier in this month raised its bid to A$1.65 per share for the Australian self-storage firm. Abacus Storage …
Australia’s Abacus Storage King opens books for $1.41 billion takeover bid Read More »
QUITO (Reuters) -The International Monetary Fund said on Friday it has completed its second review of Ecuador’s Extended Fund Facility and approved an augmentation of the program by about $1 billion. The approval will allow Ecuador to immediately access around $600 million, the IMF said. The approved augmentation for Ecuador increases access under the program …
IMF approves $1 billion augmentation in Ecuador program Read More »
By Philip Blenkinsop and Maria Martinez DURBAN, South Africa (Reuters) -Germany, the Netherlands and Sweden oppose European Union joint borrowing despite mounting global challenges, while Denmark is sceptical, finance ministers from those countries said on the sidelines of a G20 meeting in Durban, South Africa. Dutch Finance Minister Eelco Heinen said that a 2 trillion …
Germany, Netherlands, Sweden oppose EU common borrowing Read More »
NEW YORK (Reuters) -Shares of Invesco jumped more than 14% on Friday, hitting their highest level in more than two years after the investment manager filed paperwork to reclassify its popular QQQ exchange-traded fund into a management company. An Invesco subsidiary, Invesco Capital Management, filed paperwork with the Securities and Exchange Commission, seeking permission from …
Invesco shares reach 2-year high after filing to reclassify $360 billion ETF Read More »
(Reuters) -Japanese Finance Minister Katsunobu Kato said on Friday he was aware of bond market concerns about the country’s fiscal policy ahead, in the build-up to an upper house election where the minority government is poised for another setback. Japanese government bonds plunged this week, sending yields on 30-year debt to an all-time high, after …
Japan finance minister aware of market concerns about fiscal health Read More »
WASHINGTON (Reuters) -A U.S. trade deal with Japan is still possible, U.S. Treasury Secretary Scott Bessent said in a social media post on Friday, adding that “a good deal is more important than a rushed deal” and that he looked forward to continuing talks. (Reporting by Susan Heavey; Editing by Doina Chiacu)
By Colleen Goko and Libby George JOHANNESBURG (Reuters) -African leaders are pushing to speed up implementation of a continent-wide deal to boost trade as growing concerns over U.S. tariffs, including rates as high as 50% for Lesotho, threaten to decimate industries and hit economic growth. The African Continental Free Trade Area pact designed to unify …
‘We are on our own’- Africa looks within to weather growing global tariff turmoil Read More »
(Reuters) -Regional lender Huntington Bancshares on Friday raised its annual interest income forecast, betting on robust loan growth and lower deposit costs. The Columbus, Ohio-based Huntington has delivered strong growth in its core businesses and expanded to North and South Carolinas and Texas in recent years, despite high interest rates squeezing loan demand for regional …
Huntington Bancshares lifts 2025 interest income forecast as loan growth shines Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets For all the persistent questions and doubts about what happens next, the U.S. economy is beating forecasts again during the summer and Wall Street stocks are clocking new highs. It’s Friday, so today I’ll …
Morning Bid: Positive surprises and new stock records Read More »
