By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s closely-watched country risk index, a reflection of how investors view the country’s debt, broke below a key level of 1,000 basis points on Friday, the lowest in at least four years as markets cheer libertarian President Javier Milei. The J.P. Morgan risk benchmark, which shows the yield …
Argentina risk index breaks below 1,000-point barrier as markets cheer Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s retail sales in August increased marginally and missed expectations as consumer spending showed strains across majority of sectors, data showed on Friday. Retail sales, which comprise motor vehicles, clothing, furniture, food and beverages among others, grew by 0.4% in August on a monthly basis, slower than growth of 0.9% …
Canada August retail sales up 0.4% on autos, drops across majority of sectors Read More »
By Marcela Ayres and Rodrigo Campos WASHINGTON (Reuters) -The International Monetary Fund on Friday urged governments in Latin America and the Caribbean (LAC) to target economic policies aimed at boosting potential growth, saying their reform agenda is currently “thin” while activity is expected to moderate in key economies. In its Regional Economic Outlook, the IMF …
IMF says Latam, Caribbean should focus reforms toward growth Read More »
By Mike Dolan LONDON (Reuters) -If markets are correct, inflation-adjusted European Central Bank interest rates could be back negative by the middle of next year – and a return to zero policy rates cannot now be dismissed. The sands under ECB easing expectations appear to have shifted again after last week’s third rate cut of …
By Liz Lee BEIJING (Reuters) – China’s top legislative body will meet from Nov. 4-8, state news agency Xinhua said on Friday, with no mention on the agenda of highly anticipated debt and other fiscal measures. Draft laws and amendments to be discussed at the meeting of the National People’s Congress (NPC) Standing Committee will …
Debt not on agenda of China’s top legislative body November meeting Read More »
By Anirban Sen NEW YORK (Reuters) – Building materials provider Quikrete has approached rival Summit Materials, which has a market value of more than $7 billion, with an acquisition offer, people familiar with the matter said on Thursday. Quikrete, which is privately held, is working with its advisers on the bid for Summit Materials and …
Quikrete is in talks to acquire Summit Materials, sources say Read More »
JOHANNESBURG (Reuters) – Zimbabwe’s consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African country’s currency. Zimbabwe’s central bank allowed the local gold-backed currency to fall over 40% in late September, to 24.3902 to the U.S. dollar. The currency …
Zimbabwe inflation surges after currency devaluation Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Last month Federal Reserve Chair Jerome Powell and his colleagues were lauded for starting their policy easing cycle with a half percentage-point rate cut that many said would help secure the U.S. economy’s much-vaunted ‘soft landing’. But that cut was followed by a hot September jobs report, featuring the …
Fed ‘policy error’ chatter is way too premature: McGeever Read More »
WASHINGTON (Reuters) – Finance chiefs from the G20 expressed optimism for achieving a “soft landing” for the global economy and urged resistance to protectionism, according to a final communique released on Thursday that retained the key points of a draft document. “We observe good prospects of a soft landing of the global economy, although multiple …
G20 finance chiefs express economic optimism, urge resistance to protectionism Read More »
By Leika Kihara WASHINGTON (Reuters) – Most Asian central banks have room to cut interest rates, as the start of the U.S. monetary easing cycle reduces fears of an unwelcome weakening of their currencies, a senior International Monetary Fund official said on Thursday. But Krishna Srinivasan, the director of the IMF’s Asia and Pacific Department, …
Most Asian central banks have room to cut rates, IMF official says Read More »
