(Reuters) – The Russian rouble steadied near 96 to the dollar on Thursday, paring early losses on the support of increased foreign currency sales by the central bank and expectations that interest rates may be raised again at Friday’s meeting. The central bank hiked by 350 basis points to 12% last month, responding to the …
Russian rouble steadies near 96 vs dollar on eve of rate decision Read More »
STOCKHOLM (Reuters) – The pace of headline Swedish inflation slowed more than expected in August, official data showed on Thursday, but analysts believe it will not be enough to prevent the central bank raising its policy interest rate next week. The consumer price index measured with a fixed interest rate (CPIF) fell 0.1% in August …
Swedish inflation slows in August; Riksbank still expected to hike next week Read More »
WARSAW (Reuters) – Polish Deputy Finance Minister Artur Sobon hopes the zloty will stabilise as there is no fundamental reason for it to weaken, he told catholic radio on Thursday. Poland’s currency has been in rapid descent, dropping 4% after Polish rate-setters unexpectedly slashed borrowing costs by 75 basis points last week, although it rebounded …
No reason for zloty to weaken, says deputy finance minister Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Investment firm Stadium Capital Management wants to shake up the board of bed and mattress maker Sleep Number Corp following more than a decade of poor returns, according to a letter reviewed by Reuters. Stadium Capital, which owns roughly 9% of the Minneapolis, Minnesota-headquartered company, said Sleep Number is …
Sleep Number investor Stadium Capital pushes for board shakeup -letter Read More »
By Noel Randewich and Ankika Biswas (Reuters) – The S&P 500 and Nasdaq ended higher on Wednesday after data showing a moderate increase in consumer prices in August cemented expectations that the Federal Reserve will leave interest rates unchanged in September. Megacap growth stocks Tesla, Meta Platforms, Microsoft and Amazon.com gained over 1% each. Apple …
S&P 500 ends higher as CPI data cements bets for Fed pause Read More »
By Raphael Satter and Zeba Siddiqui NEW YORK/SAN FRANCISCO (Reuters) -The FBI said on Wednesday it was investigating a cybersecurity incident at gaming giant MGM Resorts International that kept several of the casino operator’s systems paralyzed for a third straight day. MGM, which runs 31 hotels and gaming venues globally including in Macau, said on …
FBI probing MGM Resorts cyber incident as some casino systems still down Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. government posted a rare August surplus of $89 billion due to a $319 billion reversal of costs from President Joe Biden’s student loan forgiveness plan after the Supreme Court struck down the program in June, the Treasury Department said on Wednesday. The August surplus – the first for …
US posts August budget surplus after student loan cost reversal Read More »
By Miguel Lo Bianco and Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s annual inflation rate shot up to 124.4% in August after a sharp devaluation of the peso currency, with a 12.4% rise in the month the fastest since 1991, which is driving a painful cost-of-living crisis in the South American country. The soaring prices, which …
Argentine inflation hits 124% as cost-of-living crisis spreads Read More »
By David Randall NEW YORK (Reuters) – The latest U.S. inflation data is unlikely to ease worries over persistently high Treasury yields that have gnawed on stocks over the last few weeks, investors said, although many believe the longer-term trend of cooling consumer prices remains intact. U.S. consumer prices climbed by 0.6% in August, broadly …
‘Higher for longer’ rates remain a threat to U.S. stocks after inflation data Read More »
By Dhara Ranasinghe and Chiara Elisei LONDON (Reuters) – The risk of a global recession over the next 12 to 18 months is close to a “coin flip” and financial markets are underestimating the chances of one in the United States, executives at bond giant PIMCO said on Wednesday. “We’ve become a bit more constructive, …
Recession risk “coin flip” over the next year – PIMCO Read More »
