By Mike Dolan LONDON (Reuters) -There is a persistent murmur in financial markets that the Trump administration may push through a grand bargain to weaken the overvalued U.S. dollar. But there are multiple problems here, not least Europe’s likely unwillingness to play ball. For any repeat of the dramatic 1985 “Plaza Accord” between the U.S. …
An easing ECB would surely balk at ‘Plaza2’ idea: Mike Dolan Read More »
LONDON (Reuters) – British businesses turned more pessimistic in January, extending a run of falling corporate confidence to five months, but there were some more hopeful views about trading prospects for the coming year, according to a survey published on Friday. In the latest sign of gloom among businesses who were hit by the announcement …
Gloom deepens among UK businesses, Lloyds survey shows Read More »
(Reuters) – New Zealand’s SkyCity Entertainment said on Friday it will pay the South Australia Treasury A$38.1 million ($23.7 million) to settle a dispute on its Adelaide casino over the tax treatment of customer loyalty points. The case involved the interpretation of certain provisions in the Adelaide Casino Duty Agreement 1999, especially the treatment of …
New Zealand’s SkyCity to settle Adelaide casino tax row Read More »
A look at the day ahead in European and global markets from Rae Wee Markets in Europe will likely tread cautiously at the start of trade on Friday with just one more day until U.S. President Donald Trump’s tariff decision day, when he is expected to make good on his threat of import duties on …
By Yoruk Bahceli LONDON (Reuters) – Euro zone governments saw record demand for bond sales in January, showing that investors are ready to cover unprecedented funding needs if paid the right price. Strong demand for the sales followed a surge in bond yields, as prices fell earlier in the month, driven in part by worries …
Higher yields drive record demand for euro zone government debt sales Read More »
By Andy Home LONDON (Reuters) -Is uranium a critical mineral? Not according to the U.S. Geological Survey (USGS), which dropped it from its critical minerals list in 2022 on the grounds it didn’t qualify because it was a “fuel mineral”. U.S. President Donald Trump wants it to think again. One of Trump’s many “Unleashing American …
Nuclear revival puts uranium back in the critical spotlight: Andy Home Read More »
BUENOS AIRES (Reuters) -Argentina’s central bank cut its benchmark interest rate by 300 basis points to settle at 29%, it announced in a statement on Thursday, as inflation continues its downward path in South America’s No. 2 economy. Traders expected a cut, as the rate of rising consumer prices falls and the monetary authority is …
Argentina central bank cuts interest rate to 29%, from 32% Read More »
SAO PAULO (Reuters) -Brazilian Finance Minister Fernando Haddad said on Thursday he expects food prices to soften this year due to strong agricultural production and as Brazil’s currency regains some ground, but noted that prices would likely still remain high. In an interview with local TV channel RedeTV, Haddad said food prices tend to stay …
Brazil’s finance minister sees food prices falling, though still at high levels Read More »
By Jarrett Renshaw and Ted Hesson (Reuters) – The new U.S. border czar is expected to meet with Canada’s top public safety official on Friday just hours before President Donald Trump has promised to level new tariffs on Canada unless it helps deal with the flow of migrants and fentanyl across the border, according to …
Trump’s border czar to meet with Canadian officials as tariffs loom, sources say Read More »
By Chibuike Oguh NEW YORK (Reuters) – The U.S. dollar edged higher against some of its peers including the yen and euro on Thursday as markets weighed fresh tariff threats, slower-than-expected U.S. economic growth, and an interest rate cut by the European Central Bank. President Donald Trump on Thursday said the United States will put …
US dollar edges higher against peers amid fresh tariff threats, ECB cut Read More »
