By Dhara Ranasinghe and Stefano Rebaudo LONDON – The European Central Bank meets on Thursday, with markets eyeing any nudge towards an interest rate cut as inflation weakens. The ECB, expected to hold rates at a record 4%, is navigating a tricky path between keeping rates high long enough to contain inflation while not cutting …
Timing is everything: Five questions for the ECB Read More »
(Reuters) -Frontier Lithium has formed a joint venture with Japanese trading house Mitsubishi to help advance lithium mining and processing in Ontario, sending the Canadian miner’s shares up 15% on Monday. The deal will help finance the PAK Lithium Project mine and a planned lithium chemicals conversion facility, Frontier said, as the company aims to …
Frontier Lithium surges on JV with Mitsubishi for Canadian operations Read More »
By Rodrigo Campos NEW YORK (Reuters) -Argentina’s international dollar bonds rallied on Monday following a fiery speech late on Friday from President Javier Milei in which he vowed to “speed up” his plans to overhaul the country and solve its economic woes. Argentina’s 2035 issue rose 3 cents to trade at 40 cents on the …
Argentina’s international bonds rally on President Milei’s new reform push Read More »
PARAMARIBO (Reuters) – Suriname’s Staatsolie said on Monday that Malaysia’s Petronas and U.S. oil giant Exxon Mobil have agreed to extend exploration of a gas discovery off its coast, and are considering the potential for a floating LNG project. Petronas and Exxon made a gas discovery in 2020 at offshore Block 52, but they considered …
Suriname’s Staatsolie signs gas exploration deal with Petronas, Exxon Read More »
By Sarah Marsh BERLIN (Reuters) – Germany’s economy would contract by at least 1.2% by 2028 should former U.S. President Donald Trump regain office and hike import tariffs as much as he has proposed, the German Economic Institute (IW) argued in a paper on Monday. The IW, which is financed by prominent German business associations …
Trump tariffs would shave at least 1.2% off German GDP by 2028, IW study shows Read More »
(Reuters) -Credit ratings agency Fitch on Friday affirmed United States’ long-term foreign currency sovereign credit rating at “AA+” with a “stable” outlook. Fitch forecast the country’s gross domestic product growth to slow in 2024, despite its economy proving resilient in the face of higher interest rates. The U.S. economy grew by 2.5% in 2023, partly …
Fitch affirms United States’ ratings at ‘AA+’, outlook ‘stable’ Read More »
By Ann Saphir (Reuters) -Federal Reserve Governor Adriana Kugler on Friday signaled she sees the elusive “soft landing” of falling inflation amidst a healthy labor market within reach for the U.S. economy, noting that inflation expectations remain anchored and the Fed has avoided a wage-price spiral. “I am cautiously optimistic that we will see continued …
Fed’s Kugler ‘optimistic’ on disinflation without big job losses Read More »
By Shankar Ramakrishnan (Reuters) – Last week, artificial intelligence server maker Super Micro Computer achieved something not seen since 2021: It paid 0% interest rate on a $1.7 billion capital raise. Its secret: it issued a bond that can convert to shares. The offering shows how the market for such convertible bonds is getting a …
Analysis-High US rates, rising shares a tailwind for convertible bonds Read More »
By Dave Sherwood HAVANA(Reuters) – Cuban Luis Collado was pleasantly surprised by the unusually short line – at least by Cuba standards – of just a few vehicles on Havana’s waterfront on Friday. He was less impressed with the cost of fuel, he said, which had jumped fivefold overnight as the government made good on …
Cubans resigned to rising costs as gas price soars overnight Read More »
By Jonathan Stempel, Luc Cohen, Chris Prentice and Julia Payne NEW YORK (Reuters) -Gunvor, one of the world’s largest oil traders, agreed on Friday to pay about $662 million to resolve U.S. and Swiss investigations into a scheme to pay bribes to Ecuadorean officials to win business. Gunvor pleaded guilty to conspiring to violate a …
Energy trader Gunvor to pay $662 million to end US, Swiss bribery cases Read More »
