By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank is all but certain to keep interest rates unchanged on Thursday while signalling that its next move is still set to be a cut, even if this guidance is likely to be vague and carry caveats. The ECB lowered rates from record highs …
ECB rates seen firmly on hold, but door to September cut still open Read More »
By Pritam Biswas (Reuters) -Warburg Pincus said on Wednesday it has named veteran insider Jeffrey Perlman as its chief executive officer, in only the third generation of leadership for the private equity firm in its nearly 60-year history. Succeeding longstanding CEO Chip Kaye, Perlman would begin in his new role on Sept. 2. Perlman was …
Warburg Pincus names insider Jeffrey Perlman as CEO, succeeding Chip Kaye Read More »
By Lindsay Dunsmuir and Ann Saphir (Reuters) -U.S. economic activity expanded at a slight to modest pace from late May through early July with firms expecting slower growth ahead as they also reported signs the jobs market continues to soften, in line with the Federal Reserve’s recent pivot to more keenly assessing slowing demand for …
US firms point to slowing activity and softer labor market, Fed survey shows Read More »
By Howard Schneider and Michael S. Derby UPPER MARLBORO, Maryland (Reuters) -Top Federal Reserve officials said on Wednesday the U.S. central bank is “closer” to cutting interest rates given inflation’s improved trajectory and a labor market in better balance, remarks that set the stage for a first reduction in borrowing costs in September. Fed Governor …
Top Fed officials say they are ‘closer’ to cutting interest rates Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – The shine may finally be coming off AI. If so, the rotation out of Big Tech into small caps that has emerged recently could quickly accelerate. The question then is whether outperforming laggards hold up the broader market, or does the AI selloff drive benchmark indices into the …
Column-For stocks, is AI the Emperor’s new clothes?: McGeever Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding fell to an eight-month low in June amid higher mortgage rates, suggesting the housing market was likely a drag on economic growth in the second quarter. The report from the Commerce Department on Wednesday also showed permits for future construction of single-family houses dropped to a …
US single-family housing starts hit eight-month low; green shoots in manufacturing Read More »
By Joe Cash BEIJING (Reuters) – China’s sputtering economy has prompted a dire, new shorthand online for pessimism about the prospects for any turnaround for jobs, incomes and opportunity: “the garbage time of history.” The apparently made-in-China phrase injects a term from basketball – the ragged final minutes of a game when the outcome is …
‘Garbage time’: China’s slump spins out new meme of economic despair Read More »
BUENOS AIRES (Reuters) – Argentina posted primary fiscal and financial surpluses in June, the economy ministry said on Tuesday, showing the fruits of a drastic austerity package rolled out by libertarian President Javier Milei, who took office in December. Both the fiscal and financial balances are the sixth consecutive monthly surpluses, and June’s financial surplus …
Argentina posts six months of fiscal, financial surpluses Read More »
By Marcela Ayres BRASILIA (Reuters) – Brazil’s government has suggested that the central bank should cover the costs of a rural insurance program, two sources said on Tuesday, which may delay a committee vote on a constitutional amendment excluding the bank from the federal budget. The maneuver could result in savings for the Treasury of …
Brazil government pushes central bank to handle rural insurance, say sources Read More »
By Noelle Harff and Eliana Raszewski BUENOS AIRES (Reuters) – In Argentina, real estate agents have one key piece of advice for potential home buyers: bring cash, big bags of it. Pro-free-market President Javier Milei is trying to fix the South American country’s economy after years of crisis and high inflation. Part of his solution …
With buyers wary, Argentina’s zombie mortgage market has a long road to revival Read More »
