BERLIN (Reuters) – German inflation eased in January to 3.1%, the federal statistics office said on Friday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 3.8% year-on-year in December. The statistics office gives more details on its website. (Reporting by Bartosz Dabrowski, editing by Rachel More)
By Mike Dolan LONDON (Reuters) – The jarring contrast of China’s market bust and soaring U.S. stocks may cloud the vulnerability of the latter to events in Beijing, and some fear Wall Street’s narrow focus heightens that risk. A relentless plunge of Chinese equities over the past year – on a mix of property sector …
Column-Parallel universes? ‘Magnificent 7’ prone to China risks :Mike Dolan Read More »
A look at the day ahead in European and global markets from Kevin Buckland European traders looking to Asia for direction are going to be pulled in two directions, with Hong Kong led lower by property shares as it limped into the Lunar New Year break, while Japan powered to a new post-bubble, 34-year peak. …
By Ana Mano SAO PAULO (Reuters) – Brazilian grain exporters lobby Anec on Thursday warned it was concerned about a rise in farmer bankruptcy filings in the country, adding a recent increase in cases potentially compromises the execution of grain contracts. The rise in farmer bankruptcy cases, which may affect delivery of committed grains throughout …
Brazil farmer bankruptcy filings worry global grain traders Read More »
By Dave Sherwood HAVANA (Reuters) – Western Union confirmed on Thursday it had temporarily suspended remittances from the United States to Cuba more than a week ago, blaming what it described as technical issues with processing transactions there. Western Union said its services had been disrupted since Jan. 28. Several other companies which offer similar …
Western Union confirms suspension of remittances to Cuba due to ‘technical issues’ Read More »
(Reuters) – Boston Federal Reserve Bank President Susan Collins on Thursday said she believes the U.S. central bank will likely cut interest rates by three-quarters of a percentage point this year, starting once data confirms inflation is on path to 2% amid a strong labor market. “I do expect that before the end of the …
Fed’s Collins says her baseline expectation is 75 bps of rate cuts this year Read More »
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that she expects additional bank stress and financial losses from weakness in the commercial real estate market but believes this will not pose a systemic risk to the banking system. Yellen told a Senate Banking Committee hearing that bank regulators are …
Yellen sees more commercial real estate stress, losses, but no systemic banking risk Read More »
By Manya Saini and Lananh Nguyen (Reuters) – Bank of America has brought in $10.5 billion in deposits and investments in the last four years after making deals with companies to provide financial services to their employees, the lender said on Thursday. More than 450 corporate and commercial clients have enrolled in BofA’s employee benefits …
Employer deals earn BofA more than $10 billion in deposits, investments Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Richmond President Thomas Barkin said Thursday the central bank has time to decide what’s next for monetary policy while it waits for further assurance that inflation is indeed falling back to target. “I think it is smart for us to take our time,” Barkin …
Fed’s Barkin: Need more time before supporting rate cuts Read More »
By Jorgelina do Rosario LONDON (Reuters) – Global creditors and Moody’s, Fitch and S&P Global Ratings met on Wednesday to discuss ratings agencies’ actions after debt relief provided by official creditors to some of the world’s poorest nations, a source said on Thursday. The meeting also discussed methodology on credit action in the event countries …
Global creditors quiz ratings agencies over debt relief to the poorest Read More »
