SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said he needs convincing on the need for his government to cut spending, and did not rule out the possibility of Brazil not complying with its fiscal target, according to extracts of an interview to be published on Tuesday. “It’s a matter of vision”, …
Brazil’s Lula questions need for spending cuts, hints at missing fiscal target Read More »
OTTAWA (Reuters) – Canada’s economy appears to have achieved a soft landing, the IMF said on Tuesday, essentially referring to a scenario where interest rates are high enough to bring inflation down to the central bank’s target without causing a recession. Canada’s economy has been posting positive growth this year, although economists say it is …
Canada’s economy appears to have achieved soft landing, says IMF Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere, a display of consumer resilience that bolstered economic growth prospects for the second quarter. The better-than-expected report from the Commerce Department on Tuesday also showed sales in May …
US retail sales report showcases consumer, economic resilience Read More »
NEW YORK (Reuters) – Institutional Shareholder Services on Monday recommended that Masimo shareholders elect both director candidates proposed by activist investment firm Politan, arguing change is needed at the medical device maker. ISS, the proxy advisory firm whose recommendations often influence how investors decide on proposed mergers and who serves on boards, wrote that change …
ISS recommends Masimo investors elect activist Politan candidates to board Read More »
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Huge debt piles among the world’s biggest economies are starting to unnerve financial markets again, as elections cloud the fiscal outlook. French bonds took a beating after a surprise election and hefty spending plans caused alarm. U.S. debt dynamics are in focus ahead of a November …
By Tassilo Hummel, Anton Zverev and Maria Tsvetkova PARIS (Reuters) – Soon after Russian forces invaded Ukraine in February 2022, freight shipper Hellmann Worldwide Logistics informed staff at its Moscow business it was pulling out of Russia. Some people who had worked for the German company saw an opportunity. Before the war, Hellmann’s Moscow office …
Exclusive-German-linked logistics firm helped sanctioned Russian manufacturers Read More »
WASHINGTON (Reuters) – U.S. President Joe Biden will unveil a proposal on Tuesday to cap housing rental costs nationwide, the Washington Post reported on Monday, citing three people familiar with the matter. Biden will announce the plan in Nevada, a state that has seen soaring housing costs and one that is critical to Democrat Biden’s …
Biden to propose capping rental costs, Washington Post reports Read More »
(Reuters) – Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year do “add somewhat to confidence” that the pace of price increases is returning to the Fed’s target in a sustainable fashion, remarks that suggest a turn to interest rate cuts may not be …
By Jamie McGeever ORLANDO, Florida (Reuters) – Investor positioning in U.S. Treasury futures is stretching to extreme – and in some cases, record – levels that are likely to revive concerns about potential liquidity and stability risks in the world’s largest and most systemically important bond market. The growth in asset managers’ “long” and leveraged …
Column-US Treasury futures positions at extremes: McGeever Read More »
By Michael S. Derby (Reuters) – Credit rejection rates were higher in June than earlier in 2024 but slightly lower than a year ago, new data from the Federal Reserve Bank of New York said on Monday. The bank said that in its June Credit Access Survey, credit rejection rates rose to 21.4% as of …
NY Fed finds rise in credit rejection rate in June Read More »
