By Junko Fujita and Patturaja Murugaboopathy TOKYO (Reuters) – Japanese bank shares have become highly popular with investors betting on rising Bank of Japan interest rates as uncertainty over the central bank’s plans make the stocks a safer bet than government bonds and the yen. Shares of one of the biggest banking groups, Mitsubishi UFJ …
Investors target Japan bank shares in bet on rising BOJ rates Read More »
By Trixie Yap SINGAPORE (Reuters) – Singapore is set to import multi-year high diesel volumes for February, according to data from two shiptrackers and trade sources, as sellers shipped cargoes to Asia’s key oil storage hub amid tepid demand elsewhere. February diesel arrivals into the city-state are slated to top 6.7 million barrels, data from …
SHANGHAI (Reuters) – China left benchmark lending rates unchanged at the monthly fixing on Thursday, showing authorities are going slow with monetary stimulus as they prioritise financial and currency stability. WHY IT’S IMPORTANT A weakening yuan and narrowing net interest margins at commercial banks limit Beijing’s monetary easing scope at a time when China is …
China leaves benchmark lending rates unchanged as expected in Feb Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Matthews International secured enough support to beat back a board-room challenge from Barington Capital Group as its shareholders voted to re-elect all three of the casket maker’s directors, two sources familiar with the matter said on Wednesday. Votes are still being counted before Matthews’ annual meeting on Thursday and …
Matthews International beats back board challenge from Barington, preliminary votes show Read More »
By Michael S. Derby (Reuters) -Uncertainty over how the U.S. Treasury will manage debt issuance over the next few months drove some Federal Reserve officials to contemplate at their last policy meeting slowing or pausing the ongoing drawdown of their balance sheet until greater clarity arrives. Fed officials, in minutes of the central bank’s January …
Fed officials weighed slowing or pausing bond drawdown last month Read More »
By Lucy Craymer WELLINGTON (Reuters) – Reserve Bank of New Zealand Governor Adrian Orr said on Thursday that New Zealand was now in an environment of low and stable inflation but warned the volatile international landscape could impact New Zealand’s economy. Orr added that New Zealanders should feel in 2025 like things are improving and …
RBNZ Governor Orr says New Zealand is in a low and stable inflation environment Read More »
By Anthony Esposito MEXICO CITY (Reuters) – The Bank of Mexico on Wednesday halved its growth forecast for the Mexican economy this year and even sees a possibility it will slide into a recession, contracting by as much as 0.2%. It said Latin America’s second-largest economy is now forecast to grow just 0.6% this year, …
Bank of Mexico sees recession possibility, halves 2025 growth view Read More »
(This Feb. 18 story has been corrected to change the month to January, not December, in paragraph 16) By Promit Mukherjee OTTAWA (Reuters) – Canada’s annual inflation rate inched up to 1.9% in January from the previous month as higher gasoline and natural gas costs reduced the impact of a sales tax reprieve on broader …
Canada’s annual inflation in January edges up to 1.9%, core measures also up Read More »
By William Schomberg and David Milliken LONDON (Reuters) – British inflation sped up by more than expected to hit a 10-month high of 3.0% in January and is likely to rise further soon, testing the Bank of England’s confidence that price pressures will ease over the longer term. The BoE and economists polled by Reuters …
UK inflation jumps more than expected in January, testing the BoE’s outlook Read More »
By Siddarth S (Reuters) – J.P. Morgan said equity markets in Argentina and Turkey could post returns of more than 20% this year, driven by policy reforms aimed at reducing inflation levels. “Lifting of capital controls is a potential upside driver for Argentina,” said J.P. Morgan analysts in a note on Tuesday, while adding that …
Argentine, Turkish stocks could post more than 20% returns this year, says JPMorgan Read More »
