SHANGHAI (Reuters) – China’s yuan eased against the dollar on Friday, as a widening yield spread and balance sheet policy divergences between the U.S. and China remained short-term headwinds for the yuan. The yield gap between China’s 10-year government bonds and its U.S. counterparts has widened by 24 basis points (bps) since Dec. 27 to …
China’s yuan eases against the dollar on widening yield differential Read More »
By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) – Philippine inflation slowed to its weakest in nearly two years in December but full-year readings remained outside the central bank’s target zone, diminishing chances of near-term rate cuts. The central bank did not waver on Friday from its stance in early December that policy settings …
Philippine inflation at near 2-year low but rates likely to stay elevated Read More »
TOKYO (Reuters) – Japan’s December service activity expanded at a faster pace from the previous month thanks to strong demand and a lift in confidence even though the overall growth rate was modest, a business survey showed on Friday. The service sector has been a bright spot for the world’s third-largest economy, marking 16 consecutive …
Japan service activity expands in Dec, led by strong new business – PMI Read More »
By Luis Jaime Acosta and Oliver Griffin BOGOTA (Reuters) – Colombia’s economy is forecast to grow 1.8% in 2024, while inflation is expected to slow to 5%, paving the way for the central bank to cut its benchmark interest rate to some 8%, Finance Minister Ricardo Bonilla said on Thursday. GDP growth for 2023 is …
Colombia economic growth forecast at 1.8% in 2024 -finance minister Read More »
By Michael S. Derby NEW YORK (Reuters) -Alberto Musalem, an economist and former New York Federal Reserve staffer, has been tapped to become the new president of the St. Louis Fed, the regional bank said on Thursday. Musalem, 55, succeeds James Bullard, who led the St. Louis Fed from 2008 until his unexpected resignation last …
Alberto Musalem to succeed Bullard as St. Louis Fed president Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan A relatively soothing bond market reading of the Federal Reserve’s latest meeting minutes has helped calm the new year horses, but edgy geopolitics and oil price gains still rankle. Even though Wall St stock indexes clocked a second straight day of …
By Brendan O’Boyle MEXICO CITY (Reuters) -Most members of the Bank of Mexico’s governing board called for caution as the central bank of Latin America’s No. 2 economy eyes possible rate cuts in the new year, minutes from its last monetary policy meeting showed on Thursday. The minutes from the Dec. 14 meeting showed the …
‘Slightly hawkish’ Banxico calls for caution on rates as inflation still sticky Read More »
By Maria Martinez BERLIN (Reuters) -Chancellor Olaf Scholz’s coalition, racing to finalise a 2024 budget draft that was delayed by a court ruling, has made unexpected changes, including modifying plans to cut subsidies for agriculture after a backlash from farmers. The changes will result in 2.5 billion euros ($2.7 billion) less in savings than initially …
German budget savings shrink as farm subsidy cuts delayed Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits dropped to a two-month low last week, pointing to underlying labor market strength even as demand for workers is easing. With the report from the Labor Department on Thursday also showing the number of people on unemployment rolls remained …
Weekly US jobless claims fall to two-month low; labor market steadily cooling Read More »
BEIJING (Reuters) – China’s services activity expanded at the fastest pace in five months thanks to a solid rise in new business, a private-sector survey showed on Thursday, lifting the degree of optimism in the sector to a three-month high. The data, offering a snapshot of business sentiment, was in contrast to an official survey …
China’s Dec services activity expands at quickest pace in 5 months – Caixin PMI Read More »
