By Jamie McGeever ORLANDO, Florida (Reuters) -If you think this time is different, and the post-2008 world of low interest rates and bond yields is over, think again. Markets may have spent the last two years grappling with the highest inflation and rates in decades, unleashed by the pandemic and Russia’s invasion of Ukraine, but …
We’re still in a low rates, yields world: McGeever Read More »
BERLIN (Reuters) -German industrial production fell by slightly more than expected in July, the federal statistics office said on Thursday, underlining the challenges faced by the sector after a winter downturn in Europe’s largest economy. Production fell by 0.8% in July compared to the previous month. Analysts polled by Reuters had predicted a 0.5% decline. …
German industrial output falls more than expected in July Read More »
By Joe Cash BEIJING (Reuters) -China’s exports and imports extended declines in August as the twin pressures of sagging overseas demand and weak consumer spending at home squeezed businesses in the world’s second-largest economy, although the falls were slower than expected. While the trade numbers follow a run of other indicators showing a possible stabilisation …
China’s trade slump narrows as stabilisation signs emerge Read More »
By Ann Saphir and Michael S. Derby (Reuters) -U.S. economic growth was modest amid a cooling labor market and slowing inflation pressures in July and August, a Federal Reserve report published on Wednesday showed, buttressing expectations that the central bank was either done, or close to being done, with interest rate increases. “Most Districts reported …
US economy grew modestly in recent weeks, Fed survey shows Read More »
By Douglas Gillison (Reuters) -Wall Street’s top regulator on Wednesday approved new rules on the funding of a comprehensive market data surveillance system to split its operating costs among buyers, sellers and the stock exchanges where they trade. The decision by the U.S. Securities and Exchange Commission faces stiff objections from the investment industry, which …
US SEC approves new fee rules on market data surveillance system Read More »
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Even as Brazil’s economic growth blew past expectations in the first half of this year, tax revenue has tumbled, underscoring doubts about the central government’s bold new fiscal targets and scrambling plans for an ambitious tax reform. The contrast between stronger-than-expected growth and disappointing government revenue …
Analysis-Tax slump in outperforming Brazilian economy scrambles reform plans Read More »
By Huw Jones LONDON (Reuters) – Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board (FSB) warned on Wednesday, while noting that significant data gaps make it hard to get a full picture of vulnerabilities among “non-banks”. Many of the underlying flaws seen in …
Global watchdog warns over ‘very high leverage’ in hedge funds Read More »
By Francesco Canepa and Leigh Thomas FRANKFURT/PARIS (Reuters) -Three influential European Central Bank policymakers on Wednesday warned investors who are overwhelmingly betting against an ECB interest rate hike next week that the decision was still up in the air. With euro zone economic activity deteriorating and inflation easing, although still high, the ECB is widely …
ECB policymakers say Sept rate decision still up in the air Read More »
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s government on Tuesday outlined plans for its first sustainable sovereign bond issuance in the next few months to fund environmental projects and social spending. The Treasury said it has scheduled a series of meetings with investors abroad next week to pitch the new bond issue, …
Brazil readies first ESG bond, eyes Sep-Nov window, official says Read More »
BERLIN (Reuters) – Activity in Germany’s services sector contracted in August for the first time this year, a survey showed on Tuesday. The HCOB final services Purchasing Managers’ Index (PMI) fell to 47.3 in August from 52.3 in July, sliding below the 50 level that signals growth in activity. Businesses reported a sustained weakening of …
German service sector activity shrinks in Aug for first time in 2023 -PMI Read More »
