By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s black market peso weakened 3.91% against the dollar in the informal parallel market on Wednesday, hitting a record low of 1,280 per greenback as a rally earlier this year faltered on rising political tensions and slow grains exports. The gap between the official exchange rate and the …
Argentine black market peso hits record low as Milei rally falters Read More »
By Hannah Lang (Reuters) -The U.S. Consumer Financial Protection Bureau will apply some credit card consumer protection rules to buy now, pay later (BNPL) lenders, the agency said on Wednesday, in a bid to impose more oversight on the fast-growing sector. BNPL providers such as Affirm, Klarna and Afterpay partner with retailers to finance customer …
US consumer watchdog will apply credit card rules to buy now, pay later companies Read More »
By Sruthi Shankar and Johann M Cherian (Reuters) -European stocks closed at a one-week low on Wednesday, hurt by a sell-off in automakers following a report about possible Chinese tariffs on imported cars, while tech stocks ticked higher ahead of U.S.-based Nvidia’s results. European automakers fell 1.4% to a more than three-month low, with shares …
Carmakers drive European stocks to one-week low; tech in focus Read More »
By Mike Dolan LONDON (Reuters) – Even as consensus builds inside and outside the Bank of England on UK interest rate cuts this summer, the thorny issue for banks and bond markets of when it stops its steep balance sheet rundown seems a bit murkier. Rising take-up of a key BoE short-term lending facility launched …
BoE scopes ‘steady state’ in balance sheet downsizing Read More »
A look at the day ahead in European and global markets from Kevin Buckland Two of the biggest events of this week are almost upon us, as Wednesday brings an end to the drawn-out two-day news vacuum that has seen markets drift along with little clear direction. The headliner surely is the long-awaited earnings report …
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economic activity index is expected to have shrunk 6.9% year-on-year in March, its deepest drop since 2020 and the fifth monthly contraction in a row, a Reuters poll on Tuesday showed. The index slipped an estimated 7.2% in March from February, said the 13 local analysts in …
Argentina’s economy seen hitting steepest fall since 2020 in March Read More »
(Reuters) -U.S. households continued to feel pinched by inflation in late 2023 even as price pressures ebbed, the Federal Reserve reported on Tuesday, with most Americans saying their financial situation had changed little in the last year, while parents reported times had gotten harder. About 72% of adults were doing at least okay financially as …
US households still feel pinched by inflation, Fed survey says Read More »
By Pete Schroeder and Howard Schneider WASHINGTON/AMELIA ISLAND, Florida (Reuters) -Federal Reserve policymakers on Tuesday said it is prudent for the U.S. central bank to wait several more months to ensure that inflation really is back on a path to the 2% target before commencing interest rate cuts. “In the absence of a significant weakening …
Fed officials urge patience on timing of initial rate cut Read More »
NEW YORK (Reuters) – Companies are increasingly looking to lock in foreign exchange rates for longer, as they seek to protect profits from the potential fallout from currency gyrations that could follow elections expected around the globe this year. The largest companies are the most risk averse, implementing the longest hedge windows – 7.5 months …
Companies look to lengthen currency hedges as elections loom, survey shows Read More »
JERUSALEM (Reuters) – Ratings agency S&P Global on Tuesday said it expects Israel’s economy to recover at a more moderate pace than previous downturns despite an economic bounce-back in the first quarter. The Israeli economy rebounded in the first quarter after growth was hit late last year at the outset of Israel’s war against Hamas …
S&P expects slower recovery for Israel’s economy despite Q1 rebound Read More »
