By Brigid Riley TOKYO (Reuters) – As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy changes, traders figure there is not much Tokyo can do to reverse the currency’s slide while interest rates and momentum are heavily skewed against it. The Bank of Japan (BOJ) sets policy …
Analysis-The yen has a yield problem the BOJ can’t easily fix Read More »
By Iain Withers LONDON (Reuters) – Real estate deals in Europe fell through in their highest numbers since the global financial crisis in the first quarter of 2024, data firm MSCI Real Assets said on Thursday, as economic uncertainty in the region continues to loom large. Europe’s commercial property sector has been hammered in recent …
Pulled real estate deals highest in Europe since global financial crisis, says MSCI Read More »
BANGKOK (Reuters) – Thai banks will cut lending rates by 25 basis points for vulnerable groups for a period of six months, a bankers’ association said on Thursday, responding to a government request to help small businesses. Thai Prime Minister Srettha Thavisin has been repeatedly pressing the central bank to cut rates from a more …
Thai lenders to cut rates by 25 bps for ‘vulnerable groups’ Read More »
(Reuters) – Equipment rental firm United Rentals beat analysts’ estimate for first-quarter profit on Wednesday, backed by robust demand across its markets. Shares of the company, which operates across North America and rents out equipment to sectors such as manufacturing and construction sectors, rose 3% in extended trading. Industrial equipment demand from the non-residential construction …
United Rentals profit beats expectations on higher equipment demand Read More »
(Reuters) – Auto parts distributor O’Reilly Automotive missed analysts’ estimates for first-quarter profit on Wednesday, hurt by increased costs, sending its shares down more than 3% after the bell. Investments in store expansion and securing higher quality and technologically advanced products amid growing popularity of electric vehicles has significantly driven up expenses for the company. …
O’Reilly Automotive’s profit misses on higher costs Read More »
SAO PAULO (Reuters) – Brazil’s central bank director Gabriel Galipolo said on Wednesday that the monetary authority should not get spooked with “short-term” market fluctuations and will need time to understand how recent moves affect its mandates. Emerging market currencies, including Brazil’s real, have slumped in recent days as the dollar soared on rising geopolitical …
Short-term market moves must not spook Brazil central bank, director says Read More »
By Lucia Mutikani WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods increased moderately in March and data for the prior month was revised lower, suggesting that business spending on equipment likely remained weak in the first quarter. The report from the Commerce Department on Wednesday was published ahead of the release on Thursday …
Tepid US core capital goods orders point to weak business equipment spending Read More »
By Ece Toksabay ANKARA (Reuters) – Turkey’s central bank will not trim its policy rate from the current 50% until the fourth quarter, a Reuters poll of economists showed. It raised the rate by 500 basis points in March, following a February pause in its aggressive tightening cycle, citing a deterioration in the inflation outlook. …
Turkey central bank to leave rates unchanged until Q4 Read More »
By Kentaro Sugiyama and Makiko Yamazaki TOKYO (Reuters) – Japan’s ruling party is not yet in active discussion on what yen levels would be deemed worth intervening in the market, though the currency’s slide towards 160 to the dollar could prod policymakers to act, party executive, Takao Ochi, told Reuters. “There is no broad consensus …
Yen’s slide toward 160 level could trigger action, says senior ruling party official Read More »
FRANKFURT (Reuters) – Euro zone inflation could still prove stubborn so a European Central Bank rate cut in June will not necessarily be followed by further policy easing, Bundesbank President Joachim Nagel said on Wednesday. The ECB has essentially promised a rate cut at its next policy meeting on June 6 but policymakers are still …
ECB’s June rate cut not necessarily followed by others, Nagel says Read More »
