A look at the day ahead in European and global markets from Ankur Banerjee After the fake post comes the real thing. The long-mooted and eagerly anticipated exchange traded funds (ETFs) to track bitcoin got the official go-ahead at last, sending the crypto world into a celebratory mood at what it sees as a game-changer. …
KUALA LUMPUR (Reuters) -Malaysia and Singapore agreed on Thursday to jointly develop a special economic zone (SEZ) in the southern Malaysian state of Johor, aiming to attract investments and free up movement of goods and people. The Southeast Asian neighbours will work towards a full-fledged pact, aiming to co-operate on renewable energy and smoothing procedures …
Malaysia, Singapore agree to jointly develop special economic zone Read More »
By David Lawder BOSTON (Reuters) – Treasury Secretary Janet Yellen on Wednesday said Republican former President Donald Trump’s plan to raise tariffs 10% across the board would raise costs for U.S. consumers, although the United States needs some tariffs and is reviewing those linked to China. “It would certainly raise the cost of a wide …
Yellen says Trump’s tariff plan would hike costs for US consumers Read More »
By Davide Barbuscia and Matt Tracy NEW YORK (Reuters) – Credit rating agency Fitch said on Wednesday it expects U.S. fiscal deficits to remain high this year, and that fiscal policy and governance implications of the U.S. presidential elections will be key issues for the country’s sovereign rating. Fitch last year downgraded the U.S. government’s …
Fitch sees high US fiscal deficits ahead of elections Read More »
By Svea Herbst-Bayliss NEW YORK(Reuters) – “Sell” or “split” was the favorite word for activist investors across the world last year when their demands for companies to pursue some form of mergers and acquisition-related activity hit a new record and appeared in roughly half of their 2023 campaigns even as M&A activity dropped off, according …
Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off Read More »
BRASILIA (Reuters) – Brazil’s central bank has evolved in communication, shifting from indicating a high bar for accelerating its easing pace to now flagging 50 basis-point rate cuts in the next two meetings, said a senior representative on Wednesday. Speaking at an online event hosted by J.P. Morgan, Diogo Guillen, the central bank director of …
By Mike Dolan LONDON (Reuters) – After six months of churning interest rate speculation, few now doubt 2024 will see the three major Transatlantic central banks easing policy – the only quiz is whether they move in lockstep. Even though all three faced similar global inflation impulses from post-pandemic supply-side shocks and a Ukraine-related energy …
Column-Searching for rift in Transatlantic easing :Mike Dolan Read More »
By Siddharth Cavale and Helen Reid NEW YORK/LONDON (Reuters) – Retailers worldwide are stocking up on goods before China’s Lunar New Year holiday and seeking air or rail alternatives to transportation via the Red Sea in a scramble to avoid empty shelves this spring, executives and experts told Reuters. One European retailer said it was …
Retailers rush to avoid delays to spring collections due to Red Sea attacks Read More »
By Daniel Wiessner (Reuters) -The U.S. Department of Labor on Tuesday issued a final rule that will force companies to treat some workers as employees rather than less expensive independent contractors, in a move that has riled business groups and will likely prompt legal challenges. The rule is widely expected to increase labor costs for …
Biden administration issues rule that could curb ‘gig’ work, contracting Read More »
By Michael S. Derby NEW YORK (Reuters) – Comments over the weekend from a key Federal Reserve official have shed new light on how the central bank might end its ongoing effort to shrink its bond holdings, causing some market participants to revise views on the process’ endgame. Speaking on Saturday, Dallas Fed President Lorie …
Markets tweak Fed balance sheet views after comments from Dallas Fed chief Read More »
