(Reuters) -The Chinese Year of the Dragon is around the corner, but the world’s second largest economy is anything but roaring right now, while tough talk from central bankers has made investors less confident about imminent relief from lower interest rates. Optimism is still running high in markets, but a degree of caution means bonds …
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s annual headline consumer inflation rate fell to its lowest in 35 months in January, data showed on Monday, and the commerce ministry said it expected price pressures to ease further in the first quarter. The headline consumer price index (CPI) fell 1.11% in January from a …
Thai inflation lowest in nearly 3 years, but central bank may hold rates Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Robust U.S. economic data is confronting investors with an unexpected question: whether strong growth can keep driving stocks higher even if the Federal Reserve delivers less monetary-policy easing than the market had hoped. Expectations that the Fed would pivot to cutting rates sent stocks soaring at the end of …
Scorching US economy throws off market’s Fed cut narrative Read More »
ISTANBUL (Reuters) – Turkish President Tayyip Erdogan named deputy central bank Governor Fatih Karahan as Turkey’s new central bank governor, the official gazette said early on Saturday. Karahan’s appointment came hours after central bank governor Hafize Gaye Erkan announced her resignation on Friday night on X, citing in part a need to protect her family …
Erdogan appointed Fatih Karahan as Turkey’s central bank governor – official gazette Read More »
By Burcu Karakas and Jonathan Spicer ISTANBUL (Reuters) -Turkey’s central bank governor Hafize Gaye Erkan resigned on Friday, citing a need to protect her family amid a “reputation assassination”, and she was swiftly replaced by a deputy who is expected to carry on her tight policy stance. President Tayyip Erdogan – who hired Erkan eight …
Turkey central bank chief quits, citing need to protect her family Read More »
By Saeed Azhar and Manya Saini NEW YORK (Reuters) – Bank of America cut compensation for CEO Brian Moynihan by 3.3% to $29 million for 2023 after its annual profit fell 4%, the lender said in a filing on Friday.That compares with Moynihan’s pay of $30 million for 2022. By contrast, rival JPMorgan Chase gave …
Bank of America CEO Moynihan’s pay falls to $29 million in 2023 Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in January and wages increased by the most in nearly two years, signs of persistent strength in the labor market that could make it difficult for the Federal Reserve to start cutting interest rates in May as currently envisaged by financial markets. The closely watched …
US labor market sizzles with blowout job growth, solid wage gains Read More »
(Reuters) -Discount retailer BBB Foods is targeting a valuation of up to $1.85 billion as it prepares for its initial public offering (IPO) in New York, the company said on Friday. The company plans to sell 28.1 million shares, priced between $14.50 and $16.50 each, and raise up to $463 million at the top end, …
Mexico’s BBB Foods targets up to $1.85 billion valuation in US IPO Read More »
NEW YORK (Reuters) – Short sellers targeting shares of a group of U.S. regional banks, including New York Community Bancorp, were up about $1.04 billion in paper profits over the last two sessions, according to data and analytics company Ortex. New York Community Bancorp, down about 40% since Tuesday’s close of trading after announcing a …
Short sellers targeting regional bank stocks up $1 billion -Ortex Read More »
LONDON (Reuters) – The United Nations food agency’s world price index fell in January to its lowest level in nearly three years, driven by declines in cereals and meat. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 118.0 points in January, down from 119.1 the previous …
