SHANGHAI/SINGAPORE (Reuters) – China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations. WHY IT’S IMPORTANT The steady monthly LPR fixings met market expectations, as shrinking interest margins at lenders hampered continued easing efforts after China lowered a string of key interest rates a month earlier. BY THE …
China leaves key lending benchmarks unchanged, as expected Read More »
(Reuters) -B. Riley Financial shares fell by nearly 6% after paring early session losses on Monday following a turbulent week that was capped by co-founder and co-CEO Bryant Riley offering to buy the bank. The Los Angeles, California-based lender’s stock ended the session at $5.51, after dropping to as low as $4.82 – the lowest …
B. Riley slumps as take-private offer fails to stem sell-off Read More »
By Howard Schneider WASHINGTON (Reuters) – Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness, mounting evidence inflation is under control, and a benchmark interest rate that is still the highest in a quarter of …
Fed’s pandemic-era vow to prioritize employment may soon be tested Read More »
By Suzanne McGee (Reuters) – Trading platform Blue Ocean Technologies LLC on Monday completed a platform upgrade that will boost capacity several hundredfold, two weeks after its overnight trading system crashed in the midst of a global market sell-off, the company said. The fix underscores the need for upgrades to cope with massive growth in …
US overnight trading platform Blue Ocean completes fix for capacity issues Read More »
MEXICO CITY (Reuters) – Mexico’s year-on-year inflation likely eased in the first half of August, a Reuters poll showed on Monday, bolstering the case for the central bank to cuts its key interest rate again at its meeting next month. The median forecast of 10 analysts estimated inflation for the first two weeks of the …
Mexico inflation likely eased in first half of August: Reuters poll Read More »
By Michael S. Derby NEW YORK (Reuters) – U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve. In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that as of last month, “satisfaction with wage …
US workers more glum on compensation and work prospects, New York Fed says Read More »
(Reuters) – Major stock markets in the Gulf were mixed in early trade on Monday on rising expectations of a U.S. interest rate cut next month, and amid weak oil demand. Federal Reserve members Mary Daly and Austan Goolsbee in interviews on Sunday flagged the possibility of easing in September, while minutes of the last …
Major markets mixed on US rate-cut hopes, weak oil demand Read More »
(Reuters) -Central bank chiefs congregate in Jackson Hole for their annual retreat, U.S. Democrats choose their presidential candidate and energy markets ricochet due to a confluence of Middle East and Russia-Ukraine tensions, while global PMIs are due. Here’s your guide to the week ahead in financial markets from Ira Iosebashvili and Lewis Krauskopf in New …
(Reuters) – Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20% from 25% following the latest weekly jobless claims and retail sales reports. Earlier this month, the brokerage raised the odds of a U.S. recession from 15% after the unemployment rate jumped to …
Goldman Sachs lowers odds of US recession to 20% from 25% Read More »
(Reuters) – Federal Reserve Bank of Chicago President Austan Goolsbee said on Sunday that U.S. credit conditions are tight and are getting tighter, and that while there’s no certainty the Fed will cut interest rates next month as is widely expected, not doing so could hurt the job market. “When you set a rate …
Fed’s Goolsbee: Keeping policy tight for too long will hurt US jobs Read More »
