By Giuseppe Fonte ROME (Reuters) – Italy’s government plans to raise its 2024 budget deficit target to between 4.1% and 4.3% of gross domestic product (GDP), up from the 3.7% goal set in April, sources familiar with the matter told Reuters on Monday. The fiscal gap next year is, however, seen below 4% of GDP …
Italy to raise 2024 deficit goal to 4.1%-4.3% of GDP, sources say Read More »
BRASILIA (Reuters) – Brazil’s central bank employees said on Monday they would intensify work stoppages in protest of the government’s alleged failure to address career improvement demands, a move that will impact the development of new initiatives at the bank. The National Union of Central Bank Employees (SINAL) said in a statement that this phase …
Brazil’s central bank employees escalate protests over career demands Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The publication of major U.S. economic data, including employment and inflation reports of critical importance to policymakers and investors, will be suspended indefinitely should the federal government shut down at the end of this week because of lack of funding, a government official said. The suspension of the reports …
US government shutdown would delay release of key economic data, official says Read More »
PARIS (Reuters) – The European Central Bank has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard landing of the economy, ECB policymaker Francois Villeroy de Galhau said on Monday. The ECB raised its main interest rate to a record high 4% …
ECB needs to be cautious about doing too much on rates – Villeroy Read More »
(Reuters) – Spanish industrial prices fell a record 10% in the 12 months through August, from a revised 8.6% decrease in the 12 months through July, the National Statistics Institute (INE) said on Monday. INE revised down the year-on-year July figure to a drop of 8.6% from an initial 8.4%. The Spanish industrial prices decline …
Spain’s industrial prices fall 10% year-on-year in August Read More »
(Reuters) -The moment investors have been waiting for seems to finally have arrived, as major central banks have indicated they are nearing the end of their string of interest-rate rises. The week ahead brings more evidence of how much progress is left for developed-economy policymakers, while in the emerging world, India is set to enter …
By Jamie McGeever ORLANDO, Florida (Reuters) -The Federal Reserve’s hawkish stance on interest rates, and determination to reduce its balance sheet, may inadvertently be stoking financial stability risks by encouraging hedge funds to extend or even increase their “basis trade” bets in the U.S. bond market. The trade – a leveraged arbitrage play profiting from …
Hawkish Fed unwittingly stokes Treasuries ‘basis trade’ risks: McGeever Read More »
By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 3.4% in August, almost matching economists’ forecasts, and easing compared with July’s figures due to lower inflation for services, food, retail and other goods, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – …
Singapore Aug core inflation rises 3.4%, seen easing Read More »
(Reuters) -Republic First Bancorp has postponed its 2022 annual shareholders meeting until Dec. 19 and said it continues to be in talks with parties, including Norcross-Braca Group, to assess potential strategic opportunities, according to a regulatory filing. The postponement comes a month after the company saw its shares getting delisted from the Nasdaq after failing …
Republic First Bancorp postpones shareholder meet as it reviews strategic options Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -U.S. Federal Reserve officials warned on Friday of further rate hikes even after voting to hold the benchmark federal funds rate steady at a meeting this week, with three policymakers saying they remain uncertain the inflation battle is finished. Their comments were tempered by words like “patience,” …
Fed officials flag further hikes even after holding steady Read More »
