By Ana Mano SAO PAULO (Reuters) – The Port of Paranagua, one of Brazil’s busiest for sugar and grain exports, said on Wednesday one conveyor belt at its so-called export corridor remains inoperative after labor authorities idled it over a “risk of explosion.” The Paranagua Export Corridor Terminals Association (Atexp), comprising a group of 10 …
Brazil’s Paranagua port conveyor belt idle amid explosion risk Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased more than expected in March as Americans continued to pay more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would delay cutting interest rates until September. The third straight month of strong consumer price readings reported by the Labor …
US consumer prices heat up in March; seen delaying Fed rate cut Read More »
By Howard Schneider WASHINGTON (Reuters) -Even before U.S. inflation data on Wednesday came in hotter than expected, Federal Reserve officials had begun worrying last month that progress might have stalled and a longer period of tight monetary policy could be needed to tame the pace of price increases. “Some” officials at the Fed’s March 19-20 …
Fed’s ‘confidence’ in disinflation not bolstered by recent data, minutes show Read More »
By Ann Saphir (Reuters) -Prospects for a first Federal Reserve interest-rate cut before the end of summer — or even at all this year — took a body blow on Wednesday with another U.S. inflation report that cast into stark relief the stickiness of price pressures across the U.S. economy. After months of centering on …
Fed seen cutting US interest rates later, and less, as inflation stays hot Read More »
BERLIN (Reuters) – Nearly two-thirds of German firms feel they encounter unfair competition from local firms in China and are outgunned in terms of access to local officials, information and licences, a survey by the German Chamber of Commerce in China said on Wednesday. German firms feel they still have the edge when it comes …
Majority of German firms feel unfair competition in China, commerce chamber says Read More »
By Mike Dolan LONDON (Reuters) – A June jamboree in central banking is being scratched from diaries as markets now suspect the Federal Reserve will drag its heels on a first interest rate cut by then and leave the European Central Bank to go solo. And persistent stability in the transatlantic exchange rate despite that …
Column-Transatlantic rate rift opening up at midyear: Mike Dolan Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank would not directly respond to currency moves in setting monetary policy, brushing aside market speculation that the yen’s sharp falls could force it to raise interest rates. But Ueda maintained his optimism on the wage outlook and signalled the chance …
BOJ’s Ueda rules out responding to weak yen with rate hike Read More »
By Leigh Thomas PARIS (Reuters) – After decades of spending beyond its means, France must in coming weeks show how it will avoid a budget crunch that is putting its credit ratings at risk and could even lead to the downfall of President Emmanuel Macron’s government. The timing could not be worse: cherished public services …
Analysis-This will hurt: France braces for budget cuts Read More »
(Reuters) -Ratings agency Fitch revised its outlook on China’s sovereign credit rating to negative on Wednesday, citing risks to public finances as the government faces increasing uncertainties in its shift to new economic growth models. China’s finance ministry said it regretted seeing the ratings revision and said Fitch’s rating system fails to effectively reflect the …
Analyst comments after Fitch downgrades China rating outlook Read More »
A look at the day ahead in European and global markets from Vidya Ranganathan Fretfulness and fatigue ahead of U.S. inflation numbers have benumbed markets this week, not to mention holidays in several parts of Asia. Europe could be steeling for some volatility as investors brace for that data, following Wall Street’s lacklustre performance the …
