By Renju Jose and Lucy Craymer SYDNEY (Reuters) -Former investment banker Rodger Finlay has been appointed chair of the Reserve Bank of New Zealand (RBNZ), Finance Minister Nicola Willis said on Thursday. Finlay has been deputy chair of the RBNZ since February 2023 and has been exercising the functions of the chair since August. Finlay …
New Zealand names Rodger Finlay as new central bank chair Read More »
ISTANBUL (Reuters) -Turkey’s central bank will adjust policy to hit its targets despite a recent slowdown in the disinflation process, Governor Fatih Karahan said on Wednesday. In an interview broadcast by the bank with journalists and an economist, Karahan likened inflation to a virus, but said the correct policy steps are being taken. “There has …
SAO PAULO (Reuters) -Brazil’s annual inflation fell back within the central bank’s target range in early November, official data showed on Wednesday, marking the first time since mid-January that the consumer price index met the target band. Prices in Latin America’s largest economy rose 4.50% in the 12 months through mid-November, government statistics agency IBGE …
Brazil’s annual inflation back within target range for first time since January Read More »
By Duncan Miriri NAIROBI (Reuters) -Senegal’s bonds have plunged in November amid uncertainty over a new loan programme with the International Monetary Fund and investor concerns that it might have to restructure its debt – a prospect that Prime Minister Ousmane Sonko has rejected. Here are some questions and answers on why the country is …
Explainer-How can Senegal tackle its debt crunch? Read More »
By Leika Kihara TOKYO (Reuters) -Prime Minister Sanae Takaichi ruled out on Wednesday the possibility that Japan could face a British-style “Truss moment”, or loss of market confidence stemming from her expansionary fiscal policy. Prices of Japanese government bonds have fallen in tandem with the yen currency last week, as Takaichi’s big spending plan and …
Japan PM Takaichi rules out risk of British-style ‘Truss’ shock Read More »
By Scott Murdoch (Reuters) -Australia’s financial regulators have warned the country’s A$4.5 trillion ($2.9 trillion) pension industry to speed up preparations for an estimated 2.5 million people due to retire in the next decade. There is a widening gap in preparedness among the nation’s pension funds, known in Australia as superannuation funds, and some have …
Australia warns its pension industry to be more prepared for wave of retirees Read More »
By Lucy Craymer AUCKLAND (Reuters) -New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25% on Wednesday, its lowest level since mid-2022, but policymakers signalled an end to the easing cycle as the economy showed early signs of picking up. The New Zealand dollar jumped as traders sharply trimmed …
NZ central bank signals end to easing cycle after cutting rates to over 3-year low Read More »
By Stella Qiu SYDNEY (Reuters) -Australian consumer inflation accelerated for a fourth straight month in October, a new data series showed on Wednesday, a hot result that has markets giving up hopes of more policy easing and even flirting with the idea of a hike. The Australian dollar rose 0.5% to $0.6502, while three-year government …
Australia’s inflation stubbornly high in October, closing door for rate cuts Read More »
By Nelson Acosta HAVANA (Reuters) -Cuba is considering a raft of measures to attract foreign investment by creating a “simpler, more agile and more transparent” business climate, a minister said on Tuesday, as the island nation faces a severe economic crisis. Minister of Foreign Investment Oscar Pérez-Oliva Fraga said at a forum outside Havana that …
Cuba mulls new measures to entice foreign investment amid crisis Read More »
By Anastasiia Kozlova and Purvi Agarwal (Reuters) -European shares extended gains on Tuesday, led by materials and financial stocks, as investors continued to draw optimism from prospects of a ceasefire in Ukraine and expectations of interest rate cuts in the world’s largest economy. The pan-European STOXX 600 closed up 0.91% at 568.01. Major regional bourses …
European shares jump on Ukraine peace prospects, US rate cut hopes Read More »
