By Marc Jones, Simon Jessop, Jake Spring and Marcela Ayres LONDON/SAO PAULO (Reuters) -A political push to raise the first-ever “Amazonia Bond” has ramped up during talks to agree a “roadmap”, yet the chance of a deal this year faces technical hurdles and scepticism among some of those tasked with managing the debt, sources told …
‘Amazonia’ bonds in 2024 seen a tough sell for some Read More »
By Lefteris Papadimas ATHENS (Reuters) – A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest. Now, officials and investors say 2024 could be the year its rebound is finally complete. The Greek economy is forecast to grow nearly 3% this year, approaching its …
By Jamie McGeever ORLANDO, Florida (Reuters) -Asian countries probably don’t want it and they certainly didn’t cause it, but a ‘beggar thy neighbor’ wave of exchange rate depreciation may be about to hit the continent. If not a full-blown currency war, then a series of skirmishes is looming as policymakers grapple with a resurgent U.S. …
Asia braces for unwanted, but unavoidable FX battle: McGeever Read More »
(Reuters) – Casino operator Las Vegas Sands Corp beat Wall Street estimates for first-quarter profit on Wednesday, bolstered by steady tourist activity in Macau and strength in its Singapore business, driven by operations at the Marina Bay Sands. The Nevada-based company said it expects further growth as it executes capital investment programs across both Macau …
Las Vegas Sands results beat estimates on strength in Singapore business Read More »
(Reuters) – Discover Financial Services on Wednesday reported a 68% drop in first-quarter profit, as the lender set aside more in rainy-day funds to cover for potential credit losses amid an uncertain economy. U.S. banks have increased their provisions for losses from bad loans as higher interest rates heighten the risk of default on mortgages …
Discover Financial’s profit falls on higher loan loss provisions Read More »
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s effort to contract its balance sheet will likely run into 2025 before the process ends, with the endgame dependent on the financial system’s need for liquidity, the Federal Reserve Bank of New York said in a report released on Wednesday. “Future financial and economic …
NY Fed sees more time needed to shrink central bank holdings Read More »
By Marcela Ayres WASHINGTON (Reuters) – The Inter-American Development Bank plans to release a statement on Saturday with joint goals of multilateral development banks that is expected to entail priority-sharing and the possibility of project co-financing, the bank’s president said on Wednesday. In an interview with Reuters at the bank’s headquarters, IDB President Ilan Goldfajn …
IDB eyes joint goals statement with multilateral banks on Saturday Read More »
(Reuters) -U.S. economic activity expanded slightly from late February through early April and firms signaled they expect inflation pressures to hold steady, a Federal Reserve survey showed on Wednesday, continuing recent trends that have kept the central bank from being able to cut interest rates. The U.S. central bank released its latest snapshot on the …
US economic activity expanded slightly in recent weeks, Fed says Read More »
By Francesco Canepa WASHINGTON (Reuters) – The European Central Bank would be putting a dampener on the economy even after cutting interest rates twice, but there is no rush to slash borrowing costs, ECB policymaker Mario Centeno said on Wednesday. ECB policymakers have unanimously come out in favour of reducing the policy rate from its …
ECB’s Centeno says policy would be tight even after two rate cuts Read More »
ANKARA (Reuters) – Turkey will take steps to strengthen its medium-term economic programme and the three main priorities are to increase public savings, prioritise investments and accelerate structural reforms, President Tayyip Erdogan said. Speaking on Tuesday evening after a cabinet meeting, Erdogan said his economic team had made preparations for such steps to strengthen the …
Turkey will take steps to strengthen economic programme, Erdogan says Read More »
