By Enas Alashray and Jaidaa Taha DUBAI (Reuters) -Most central banks of the Gulf Cooperation Council cut key interest rates on Wednesday, following the Federal Reserve’s decision to reduce U.S. rates by a quarter of a percentage point. The Federal Reserve on Wednesday lowered the federal funds target rate range by 25 basis points (bps) …
Most Gulf central banks follow Fed lead and cut key interest rates Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Wednesday that the Federal Reserve will hold the overnight benchmark rate steady in January, after it lowered rates by 25 basis points at the end of its two-day meeting. Rate …
US rate futures price in Fed on hold in January, less than two cuts in 2025 Read More »
SAO PAULO (Reuters) – Brazil’s Congress reached an agreement to reject stricter rules for the so-called BPC, a social benefit for the elderly and disabled, newspaper Valor Economico reported on Wednesday. The adjustments in BPC were part of the fiscal package that is being voted this week by the Congress. (Reporting by Isabel Teles; Editing …
By Hernan Nessi BUENOS AIRES (Reuters) – Economic activity in Argentina likely fell in October versus the same month a year earlier, a Reuters poll of market analysts showed on Wednesday, although they also forecast the possibility of month-on-month growth. The median forecast from 12 analysts sees economic activity shrinking 2.5% year-on-year in October, the …
Argentina economic activity seen sliding in October year-on-year Read More »
FRANKFURT (Reuters) – A surge in market pressure on France due to concern over its budget deficit has been “limited” and part of the normal functioning of euro zone bond markets, the European Central Bank’s chief economist Philip Lane said on Wednesday. A series of political crises this year has rattled investors in French government …
ECB’s Lane says market pressure on France still ‘limited’ Read More »
SANTIAGO (Reuters) – Economies in Latin America and the Caribbean are expected to grow by 2.4% in 2025, driven by domestic consumption but tempered by a risk of worsening global geopolitical and trade tensions, the United Nations said on Wednesday. The UN’s Economic Commission for Latin America and the Caribbean (ECLAC) raised the projection from …
Latin America, Caribbean economies expected to grow 2.4% in 2025, UN says Read More »
By Mike Dolan LONDON (Reuters) -Stock market peaks typically coincide with troughs in cash holdings – but a regional skew to that picture may be messing with the signal for anyone still wary of U.S. equities. The overwhelming, almost unnerving, bullishness about Wall Street stocks for 2025 is now pretty clear. Not one of 16 …
Cash appetites go separate ways in US and Europe: Mike Dolan Read More »
BRUSSELS (Reuters) – Euro zone countries should aim for slight fiscal tightening not only in 2025 but also in 2026 to improve debt sustainability, the European Commission said on Wednesday in a recommendation that finance ministers are due to endorse in January. The recommendation to tighten fiscal policy in the 20 countries sharing the euro, …
EU Commission recommends slight euro zone fiscal tightening in 2025 and 2026 Read More »
SYDNEY (Reuters) -Australia’s government on Wednesday trimmed its likely budget deficit for the current fiscal year, but flagged bigger shortfalls ahead due to “unavoidable spending” on health, cost-of-living relief and veterans care. Facing a tough election next year, the centre-left Labor government said the economy had slowed under the weight of high interest rates and …
Australia’s government spends its way to bigger budget deficits Read More »
By Clare Jim HONG KONG (Reuters) – Progress by Chinese property developer Sunac towards a landmark restructuring deal for yuan bonds could open the gates to a flurry of debt agreements next year, as the sector gives up on returning to financial health anytime soon. Hit with a liquidity crisis since 2021, China’s highly indebted …
Analysis-Chinese property developers look to bite bullet and revamp onshore debt in 2025 Read More »
