By Matt Tracy (Reuters) – U.S. corporate bond investors were focusing on companies deemed best able to withstand an economic downturn, according to a November survey by Bank of America which found 59% of those surveyed listing a potential mild recession as their top concern, up from 56% in its prior survey. Some 31% of …
US bond investors with mild recession concerns on the rise -BofA Read More »
By Kylie Madry MEXICO CITY (Reuters) – Executives from Mexico’s start-up sector say it should receive a boost in coming months, particularly in e-commerce and logistics related to nearshoring, as inflation eases and interest-rate cuts loom on the horizon. “We’re going to start seeing two big waves of growth” in Mexican startups, said Eric Perez-Grovas, …
E-commerce, nearshoring key drivers for Mexican startups as funding trickles back Read More »
By Marcela Ayres BRASILIA (Reuters) – Brazil raised $2 billion on Monday with its first-ever ‘green’ bond issuance, featuring a 6.15% yield, according to a person familiar with the operation. The seven-year bonds are part of an effort to set a benchmark for the private market while channeling funds toward the government’s ambitious sustainability agenda. …
Brazil prices $2 billion first-ever ESG bond at 6.5% yield -source Read More »
By Miguel Lo Bianco and Claudia Martini BUENOS AIRES (Reuters) -Hard-up Argentines, tightening their purse strings with inflation topping 140%, are increasingly turning to second-hand clothing markets, both to find affordable apparel and raise extra cash from selling old garments. The South American nation, the region’s No. 2 economy and a major grains exporter, is …
‘Can’t buy new jeans’: Argentina inflation hits 143% as shoppers tighten belts Read More »
By Michael S. Derby NEW YORK (Reuters) -The expected path for inflation softened on balance in October amid rising expectations for future gasoline price increases and a largely stable outlook for employment and personal finances, the Federal Reserve Bank of New York reported on Monday. Respondents to the bank’s latest Survey of Consumer Expectations project …
NY Fed finds softer inflation expectations in October Read More »
(Reuters) – The U.S. Treasury on Monday said the federal budget deficit in October shrank by nearly a quarter from a year earlier, as revenues climbed to a record for the month thanks to delayed tax payments from disaster-stricken areas that helped offset fast-rising interest costs. The Treasury Department said the deficit for the first …
US budget gap narrows in October due to delayed tax payments Read More »
BERLIN (Reuters) – Material shortages in Germany’s manufacturing sector have eased significantly, with the supply situation almost back to pre-crisis level, the Ifo economic institute said on Monday. In October, 18.2% of companies surveyed by Ifo reported problems, down from 24.0% in September. By comparison, supply problems for the sector peaked in December 2021, when …
German manufacturers almost back to pre-crisis supply situation – Ifo Read More »
A look at the day ahead in European and global markets from Kevin Buckland Chip stocks gave Asian equity investors some small bit of cheer to start the week, picking up where Wall Street left off while U.S. yields stayed subdued, which kept a lid on the dollar, too. But elsewhere, bears were firmly in …
Marketmind: Chip stocks cheered while the rest retreat Read More »
By Leika Kihara TOKYO (Reuters) -Japanese wholesale inflation slowed below 1% for the first time in just over 2-1/2-years in October, data showed on Monday, a sign that cost push pressures that had been driving up prices for a wide range of goods were starting to fade. The slowdown in commodity-led inflation is in line …
Japan’s wholesale inflation slows sharply as cost pressures wane Read More »
By Md Manzer Hussain (Reuters) – Gulf stock markets put in a mixed performance on Sunday as higher oil prices were offset by worries of faltering demand from China, the world’s top crude importer. Oil prices – a major driver of Gulf financial markets – rose about 2% on Friday as Iraq voiced support for …
Gulf bourses mixed as China pessimism offsets higher oil prices Read More »
