NEW YORK (Reuters) – The Federal Reserve’s regulatory chief on Tuesday outlined a sweeping overhaul easing two major draft bank capital rules following intense industry opposition that delayed the projects and sparked divisions among the top federal banking regulators. Shares of major U.S. banks fell after Fed Vice Chair for Supervision Michael Barr unveiled the …
ROME (Reuters) – Italian industrial output was much softer than expected in July, falling 0.9% from the previous month after a 0.5% rise in June and getting the third quarter off to a weak start, data showed on Tuesday. A Reuters survey of eight analysts had pointed to a 0.1% monthly decline in July. On …
Italy industry output slumps much more than expected in July Read More »
By Divya Chowdhury MUMBAI (Reuters) – Companies’ global hiring intentions are expected to hold steady in the fourth quarter of 2024, even though the outlook for the quarter ahead was weaker than the final quarter of 2023, ManpowerGroup’s Employment Outlook Survey showed. The global hiring outlook for the fourth quarter of 2024 was slightly higher …
Global hiring intentions hold steady in Q4, ManpowerGroup survey shows Read More »
By Rishav Chatterjee (Reuters) -Australia’s prudential regulator is proposing to bar banks from issuing certain hybrid securities to help meet their capital requirements starting in 2027 as retail investors that typically buy them do not understand the risks of these instruments. The Australian Prudential Regulation Authority (APRA) said on Tuesday it wants banks to replace …
Australia regulator seeks to make banks phase out issuing hybrid securities Read More »
By Maria Martinez BERLIN (Reuters) – German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the European Central Bank to cut interest rates this week. Inflation eased to 2.0% in August, its lowest level since June 2021, thanks to lower …
German inflation falls to the lowest level in more than three years Read More »
By Fergal Smith (Reuters) -Canada’s main stock index ended higher for the first time in five sessions on Monday, with heavily weighted financials and industrials among the sectors to benefit as investors stepped in to take advantage of lower stock prices. The Toronto Stock Exchange’s S&P/TSX composite index ended up 245.72 points, or 1.1%, at …
Toronto market snaps losing streak as bargain hunters step in Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazilian economists surveyed weekly by the central bank have aligned their expectations with future interest rate pricing, now anticipating a rate hike at this month’s monetary policy meeting following stronger-than-expected economic data. The shift ended an 11-week streak in which more than 100 professionals surveyed had maintained their median forecast …
Brazil economists see rate hike amid stronger growth, ending 11-week stability streak Read More »
MEXICO CITY (Reuters) – Shares of Mexican retailer La Comer jumped around 5.5% to trade at 35.87 pesos on Monday, after the S&P Dow Jones said the stock would be preliminarily included in its S&P/BMV IPC index as part of a reshuffle. S&P Dow Jones would confirm the inclusion on Friday, and the changes to …
Mexican retailer La Comer’s shares jump after preliminary index inclusion Read More »
SAO PAULO (Reuters) – Brazil’s instant payment system Pix is seen surpassing credit cards as the leader in the local online purchase market as soon as next year, earlier than initially expected, a new study from Brazilian payments firm Ebanx showed on Monday. Pix was launched by Brazil’s central bank at the end of 2020, …
Brazil’s Pix to overtake credit cards in e-commerce as soon as 2025, study shows Read More »
(Reuters) -The volatile activity that has marked September so far may not let up any time soon, as investors are on edge ahead of more key macro events that could shape the tone for trading in the weeks ahead. Here’s your look at the week ahead for markets from Kevin Buckland in Tokyo, Ira Iosebashvili …
