LONDON (Reuters) -Don’t go anywhere: an event-packed week is coming up with central banks from the United States to Brazil and from Europe to Japan meeting. The Federal Reserve should deliver its first interest rate cut in four years, Brazil could hike for the first time since 2022 and Japan will be mindful of volatile …
(Reuters) -Private equity firm Insight Partners is on the brink of closing a new $10 billion-plus fund, roughly half the amount originally targeted, the Financial Times reported on Sunday, citing five people with knowledge of its plans. Insight will not formally close its 13th fund until early next year, the report said, adding that the …
Insight Partners closes in on new $10 billion fund, FT reports Read More »
(Reuters) -Former Senator Peter Fitzgerald’s Chain Bridge Bancorp, which has been popular among Republicans since its inception, filed for an initial public offering (IPO) in the United States on Friday. The share sale, relatively uncommon in the banking sector, comes as the race for the White House picks up steam, with less than two months …
Former US Senator Peter Fitzgerald’s Chain Bridge Bancorp files for US IPO Read More »
(Reuters) – Goldman Sachs on Friday said it continues to call for a quarter percentage point easing at next week’s Federal Open Market Committee meeting, which contrasted with news stories about refreshed speculation of a more aggressive cut. Former New York Federal Reserve President Bill Dudley said on Thursday there was a strong case for …
Goldman Sachs still sees 25 basis point Fed cut next week Read More »
By Rodrigo Campos (Reuters) -The head of the International Monetary Fund gave her support to regional director Rodrigo Valdes on Friday, a day after the IMF had announced he would step aside from negotiations with Argentina. “I have complete confidence in Rodrigo Valdes to lead the work of IMF’s Western Hemisphere Department,” said IMF Managing …
IMF chief backs regional director after Argentina tensions Read More »
BRASILIA (Reuters) -Brazil’s Finance Ministry raised its economic growth forecast on Friday to 3.2% for this year, projecting an acceleration compared with 2023, reflecting the resilience of Latin America’s largest economy. The ministry’s economic policy secretariat calculation marks a sharp upward revision from the 2.5% estimate in July, incorporating both the positive surprise in second-quarter …
Brazil sees GDP accelerating in 2024 to 3.2% growth Read More »
(Reuters) -Consumer prices in France rose 2.2% year-on-year in August, statistics office INSEE said on Friday, in line with its preliminary reading published late last month. EU-harmonised year-on-year inflation in the bloc’s second-biggest economy slowed in August, compared with the July reading of +2.7%. The slowdown is due to a sharp deceleration in energy prices …
French final August inflation 2.2%, in line with forecasts Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. budget deficit reached $1.897 trillion for the first 11 months of the 2024 fiscal year, the Treasury Department said on Thursday, as annual interest costs on the public debt topped $1 trillion for the first time. The Treasury said the fiscal 2024 deficit through August was up 24% …
US fiscal 2024 deficit nears $1.9 trillion with a month to go Read More »
BOGOTA (Reuters) – Economic committees from both houses of Colombia’s Congress threw out the government’s proposed 2025 budget on Wednesday, rejecting the bill’s proposed value and arguing the Andean country will not be able to raise the proposed sum amid lower-than-projected tax collection. At the end of July, Colombia’s finance ministry presented a proposed budget …
Congressional committees reject Colombia government’s 2025 budget proposal Read More »
BUENOS AIRES (Reuters) -Argentina’s monthly inflation rate stood at 4.2% in August, official data published on Wednesday showed, rising from last month and surpassing analysts’ forecasts, while Argentines tighten their wallets to deal with spiraling costs. Inflation in the 12 months through August reached 236.7%, still the highest level recorded in the world, and also …
Argentina’s August inflation still stubborn as residents struggle to save Read More »
