By Lucy Craymer and Renju Jose WELLINGTON, Dec 17 (Reuters) – New Zealand’s top central banker said on Wednesday the official cash rate was likely to remain low through next year, countering markets that have priced in two rate hikes in the coming year. Reserve Bank of New Zealand Governor Anna Breman told the New …
New Zealand central bank governor reiterates rates likely low through 2026 Read More »
By Ragini Mathur, Purvi Agarwal and Twesha Dikshit Dec 16 (Reuters) – European shares dipped on Tuesday, led by sharp declines in defence and energy shares, with investors parsing disappointing domestic and U.S. jobs data. The pan-European STOXX 600 fell 0.4% to 580.08, after marking its biggest one-day gain in close to three weeks on …
European equities end lower as investors assess US data; defence firms tumble Read More »
By Nelson Bocanegra and Carlos Vargas BOGOTA, Dec 16 (Reuters) – Colombia will carry out many debt management operations in local and international markets next year, before the end of the current government’s term in August, in a bid to continue easing fiscal pressures, the head of public credit at the finance ministry said on Monday. …
Exclusive-Colombia to carry out many debt management operations next year, official says Read More »
BUENOS AIRES, Dec 16 (Reuters) – Argentina’s economy expanded 3.3% in the third quarter from the previous quarter, official data showed on Tuesday, marking its fourth straight quarterly gain, but below analysts’ expectations. Analysts had forecast growth of 3.5% for the September to December period. The year-on-year increase was driven mainly by a sharp rise …
Argentina’s economy expands 3.3% in third quarter Read More »
WASHINGTON, Dec 16 (Reuters) – White House economic adviser Kevin Hassett, one of President Donald Trump’s top contenders to lead the Fed, said the independence of the central bank was important, amid concerns he might be too close to the president. “The Federal Reserve’s independence is really, really important,” Hassett said in an interview with …
White House adviser Hassett: Fed independence is really important Read More »
Dec 16 (Reuters) – U.S. stock index futures turned positive on Tuesday, as investors assessed a long-delayed jobs report and prospects of interest rate cuts by the Federal Reserve. A Labor Department report showed nonfarm payrolls increased 64,000 in November, compared with an estimated 50,000 rise, according to economists polled by Reuters. The unemployment rate …
(Adds ‘Reuters’ in dateline, no changes to story text) By Balazs Koranyi and Indradip Ghosh FRANKFURT, Dec 16 (Reuters) – Europe’s leading economies closed off a turbulent year on weak momentum, according to new data on Tuesday, which showed scant signs of an upswing even as the region managed to withstand the impact of U.S. …
European economies end year resilient but sluggish Read More »
By Anant Chandak BENGALURU, Dec 16 (Reuters) – India’s private sector activity expanded at its weakest pace in 10 months in December on a slowdown in new orders and hiring slowed to a near-standstill, according to a survey of private businesses on Tuesday. The data suggest growth in India’s third-largest economy remains strong but is …
India private sector growth hits 10-month low in December, hiring stalls, PMIs show Read More »
By Lucy Craymer WELLINGTON, Dec 16 (Reuters) – New Zealand published on Tuesday new financial forecasts that show no return to a budget surplus in the next five years, as the effects of a stuttering economy offset the government’s efforts to keep a tight hold on its fiscal purse. The South Pacific nation’s economy has …
New Zealand’s economic woes cast a shadow on its budget Read More »
BUENOS AIRES, Dec 15 (Reuters) – Argentina’s central bank announced a new monetary framework on Monday, tying the peso’s trading band to inflation in a bid to build reserves and stabilize the economy. The measures, effective January 1, are part of a broader program designed to move away from temporary exchange controls toward a more …
Argentina to tie peso band to inflation in exchange-rate overhaul Read More »
