By Lucy Craymer WELLINGTON, Dec 18 (Reuters) – New Zealand’s economy returned to growth in the third quarter, confirming early indications of an improvement in momentum after an extended period of weak activity and making the already remote chance of the central bank cutting the cash rate less likely. Official data released on Thursday showed …
New Zealand’s economy returns to growth in third quarter Read More »
Dec 17 (Reuters) – S&P Global upgraded Argentina’s long-term foreign currency sovereign credit rating to “CCC+” from “CCC” on Wednesday, citing improved liquidity and easing economic vulnerabilities after midterm elections and lower inflation. The agency also raised local currency sovereign credit ratings on the country to “CCC+/C” from “SD/SD”, reversing a February downgrade triggered by …
S&P raises Argentina’s long-term foreign currency sovereign credit rating to ‘CCC+’ Read More »
Dec 17 (Reuters) – Federal prosecutors in Manhattan unsealed an indictment on Wednesday charging executives of bankrupt Tricolor with systematically defrauding creditors ahead of the subprime lender’s billion-dollar collapse. Tricolor CEO and founder Daniel Chu and former Tricolor chief operating officer David Goodgame were charged in an indictment with scheming to falsify auto loan data …
Tricolor executives charged with fraud over subprime lender’s collapse Read More »
Dec 17 (Reuters) – Foreign currency flows to Venezuela’s private sector, both in cash and cryptocurrency, could fall in the coming weeks after Washington ordered a blockade of oil tankers under sanctions, analysts and business leaders said, likely stoking inflation in the OPEC member. U.S. President Donald Trump ordered the blockade on Tuesday, Washington’s latest move …
US blockade likely to reduce foreign currency in Venezuela, stoke inflation Read More »
LIMA, Dec 17 – Peru’s Congress on Wednesday approved a one-year extension to a temporary permit program for small-scale miners amid ongoing protests that sought a longer timeframe for miners to regularize their operations. The extension will run through the end of 2026. The government had previously opposed a bill that sought to extend the …
Peru’s Congress grants one-year extension to informal mining permit program Read More »
Dec 17 (Reuters) – The International Monetary Fund’s executive board will discuss a $20 billion program for Argentina on Wednesday during an informal session in Washington, Bloomberg News reported on Wednesday. IMF staff working on the program, which began in April, will brief board members on the latest developments in the country on Wednesday’s session, …
IMF to discuss $20 billion Argentina program on Wednesday, Bloomberg reports Read More »
DUBLIN, Dec 17 (Reuters) – Irish house prices increased by 7.3% in the 12 months to October, Central Statistics Office data showed on Wednesday. Monthly house price growth for October was 0.6%. The annual growth rate for September was revised down to 7.5% from 7.6% and the monthly growth rate for September was revised down …
Irish annual house price growth comes in at 7.3% in October Read More »
SYDNEY, Dec 17 (Reuters) – Australia’s government on Wednesday revised the outlook for inflation sharply higher but it still added to its annual spending plans, leaving it up to monetary policy to lean against cost pressures in the economy. In its Mid-Year Economic and Fiscal Outlook (MYEFO), the Treasury boosted its forecast for inflation to …
Australia government forced to lift inflation forecast, keeps spending plans intact Read More »
NEW YORK, Dec 16 (Reuters) – Argentina’s central bank announced adjustments to its foreign exchange framework that investors broadly view as a step toward restoring credibility and reopening a path to international capital markets. Analysts say the measures address two long-standing investor concerns: the risk of peso overvaluation and the lack of a transparent, rules-based …
Explainer-Argentina’s new FX bands and reserves policy aim to boost credibility Read More »
By Lucy Craymer WELLINGTON, Dec 17 (Reuters) – New Zealand’s central bank on Wednesday announced it would lower some of the capital requirements for the country’s banking sector following a review of the rules introduced in 2019, but requirements would remain above international levels. The country’s top four Australian-owned banks will have to hold common …
New Zealand central bank lowers some capital requirements for banks Read More »
