PARIS (Reuters) – The European Central Bank stands ready to ensure the sound financing of the euro zone economy and financial stability, French ECB policymaker Francois Villeroy de Galhau said on Wednesday as U.S. tariffs fuelled fresh market turbulence. Global markets saw more volatility on Wednesday as President Donald Trump’s eye-watering 104% tariffs on China …
ECB ready to ensure financial stability, Villeroy says Read More »
By Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s central bank will act boldly to maintain rupiah stability by intervening in the spot, domestic non-deliverable forwards, and bond markets, a deputy governor said on Wednesday after the rupiah hit a record low against the dollar. Bank Indonesia’s (BI) senior deputy governor Destry Damayanti told Reuters that moves in …
Bank Indonesia says will act boldly to maintain rupiah stability Read More »
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -The Reserve Bank of India (RBI) lowered its key repo rate on Wednesday for a second consecutive time and changed its monetary policy stance signalling room for more cuts ahead, as it seeks to boost the sluggish economy in the face of fresh U.S. tariffs. India became …
(Reuters) – The Reserve Bank of India cut its key repo rate on Wednesday for a second consecutive time and changed its monetary policy stance to “accommodative” from “neutral” to boost the sluggish economy, which is facing further pressure from U.S. tariffs. As expected, the Monetary Policy Committee (MPC) cut the repo rate by 25 …
Instant View: India central bank cuts rates, changes stance to “accommodative” Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank cut its benchmark rate on Wednesday, as widely expected, signalling a greater readiness to lower borrowing costs further as the economy faces headwinds from weak demand and trade barriers. The Reserve Bank of New Zealand (RBNZ) is the first in the region to conduct a …
RBNZ cuts rates as tariffs loom, economists expect more stimulus Read More »
BUENOS AIRES (Reuters) -The International Monetary Fund said on Tuesday it reached a staff-level agreement with Argentina on a 48-month extended fund facility totaling $20 billion. The IMF said the agreement, which is subject to approval by its executive board, “builds on the authorities’ impressive early progress in stabilizing the economy, underpinned by a strong …
IMF reaches $20 billion staff-level agreement with Argentina Read More »
BEIJING (Reuters) – Continued tariff escalation between the United States and China presents a downside risk to a 2025 full-year real GDP forecast of 4.5% for China, Goldman Sachs said in a note. Goldman said an escalating tariff spat between two of the largest economies in the world also points to significant policy easing by …
Goldman Sachs sees downside risk to current 4.5% GDP forecast for China Read More »
By Fabian Cambero and Daina Beth Solomon SANTIAGO (Reuters) – Chile needs to speed up its permitting processes to help copper mining expand ahead of a large supply gap expected in the coming years, Anglo American Chile CEO Patricio Hidalgo said on Tuesday. Chilean President Gabriel Boric has pledged to cut the permitting timeline by …
Anglo American urges faster permits in Chile to close copper supply gap Read More »
(Reuters) – The S&P 500 closed below 5,000 points for the first time in almost a year, reversing a strong morning rally as hopes faded for any imminent U.S. delays or concessions on tariffs ahead of a midnight deadline. The benchmark index fell 1.6% on Tuesday marking a $5.8 trillion loss in market value since …
Wall Street’s tariffs rout resumes after morning rebound fails Read More »
By Ricardo Brito BRASILIA (Reuters) -Brazilian federal prosecutors are opening a preliminary inquiry into the acquisition of Banco Master’s assets by government-controlled bank BRB for a potential “crime against the national financial system,” a person with direct knowledge of the matter told Reuters on Tuesday. The source at the federal prosecutors’ office declined to give …
Exclusive-Brazil prosecutors open initial probe of BRB-Banco Master deal, source says Read More »
