Reuters US Economy

By Nell Mackenzie and Summer Zhen LONDON (Reuters) -Hedge funds say they are prepared if U.S. President Donald Trump fires Federal Reserve Chair Jerome Powell before his term expires next year. The dollar briefly tumbled on Wednesday and long-dated Treasury yields rose on reports that Trump is likely to fire Powell soon. Trump denied the …

Hedge funds favour short-dated, convertible bonds if Fed’s Powell leaves early Read More »

(Reuters) -Moody’s on Thursday hiked its rating for the government of Argentina’s long-term foreign currency and local currency issuer ratings to “Caa1” from “Caa3”, up two notches though it remains in so-called junk, or non-investment grade, territory. The ratings agency also changed its outlook to stable from positive. “The upgrade reflects our view that the …

Moody’s hikes Argentina ratings up two notches, outlook stable Read More »

By Makiko Yamazaki (Reuters) -Japanese Finance Minister Katsunobu Kato on Thursday called for vigilance against excessive foreign exchange volatility at the meeting of finance leaders from the Group of 20 major economies in South Africa. “I told the meeting that based on the existing G20 foreign exchange commitments, we should continue to be cautious about …

Japan finance minister calls for vigilance against FX volatility Read More »

SANTIAGO (Reuters) -Foreign direct investment (FDI) in Latin America grew by 7.1% in 2024 to $188.96 billion, but new investment interest has stagnated, the Economic Commission for Latin America and the Caribbean (ECLAC) said on Thursday. WHY IT’S IMPORTANT FDI is a key driver of economic growth in Latin America, but lack of new investment …

Latin America’s foreign direct investment rose 7% last year, but new flows stagnate Read More »

By Hernan Nessi BUENOS AIRES (Reuters) -Argentina’s economic activity likely expanded 5.8% year-on-year in May, marking its eighth-consecutive month of growth, according to the median forecast in a Reuters poll. The poll of 11 local analysts showed an average forecast for 5.9% growth in Latin America’s third-largest economy, with estimates ranging from a low of …

Argentina’s economy expected to grow 5.8% y/y in May: Reuters poll Read More »

PARIS (Reuters) -French Prime Minister Francois Bayrou’s budget tightening plan announced this week goes in the right direction although some details needed to clarified, French central bank governor Francois Villeroy de Galhau said on Thursday. Bayrou proposed on Tuesday scrapping two public holidays and freezing most public spending as part of a 43.8 billion euro …

French central bank head says budget plan goes in right direction Read More »

By Nell Mackenzie LONDON (Reuters) -Companies in the U.S. are expected to buy $1 trillion worth of their own stock in 2025 and remain the largest buyers of U.S. equities, according to Scott Rubner, Citadel Securities’ head of equity and equity derivatives strategy. A corporate repurchase window, when companies can buy their own stock, reopens …

US corporates expected to buoy stock markets with buy backs, says Citadel Securities Read More »