SAO PAULO (Reuters) – Brazilian Planning Minister Simone Tebet said on Wednesday the 2024 budget bill that the government is set to send to Congress this week will include the previously announced goal of zeroing the country’s fiscal deficit, in addition to a boost in public spending. “We are not debating changing that target,” Tebet …
By Milounee Purohit and Devayani Sathyan BENGALURU (Reuters) – The Bank of Canada is expected to hold its key interest rate steady at 5.00% on Sept. 6 and stay at that level through at least the end of March 2024, according to a majority of economists in a Reuters poll, with a small but growing …
(Reuters) -The Federal Reserve has issued a slew of private warnings to lenders with assets of $100 billion to $250 billion as part of increased efforts to tighten supervision, Bloomberg News reported on Wednesday citing people familiar with the matter. Among the banks given the warnings were Citizens Financial, Fifth Third Bancorp and M&T Bank …
US Fed ramps up demands for corrective actions by regional banks – Bloomberg News Read More »
By Prerana Bhat BENGALURU (Reuters) – A short U.S. housing market correction is now over, according to property analysts polled by Reuters who have wiped out forecasts for a price fall this calendar year but also look for stagnation in 2024 despite expectations for interest rate cuts. After the Federal Reserve rapidly raised the federal …
By Lisa Pauline Mattackal (Reuters) – The Federal Reserve can end its interest rate hiking cycle if the labor market and economic growth continue to slow at the current gradual pace, the former president of the Boston Fed said on Wednesday. Financial markets overwhelmingly expect the U.S. central bank to leave interest rates unchanged at …
Fed can stop hiking rates if economy slows at current pace, Rosengren says Read More »
By Sybille de La Hamaide and Dominique Vidalon PARIS (Reuters) -French miner Eramet, which on Wednesday suffered heavy stockmarket losses after it suspended operations in Gabon in response to an ongoing coup, said manganese mining in the country would resume on Thursday. “In view of the information available this evening on today’s events in Gabon, …
France’s Eramet to resume manganese mining in Gabon after halt over coup Read More »
(This Aug. 29 story has been refiled to correct a grammatical error in paragraph 4) By Sruthi Shankar and Medha Singh (Reuters) – Equal-weighted exchange-traded funds (ETFs) have attracted record investments in recent months as signs of an improving U.S. economy and towering valuations of megacaps push investors to look for bargains in traditional economy-linked …
US equal-weighted funds shine as investors look beyond Big Tech Read More »
By Leika Kihara KUSHIRO, Japan (Reuters) -Japan’s inflation is “clearly in sight” of the central bank’s target, its board member Naoki Tamura said on Wednesday, signalling the chance of an end to negative interest rates early next year. The remarks are the strongest signal to date by a Bank of Japan (BOJ) policymaker that rising …
BOJ policymaker signals chance of policy tweak early next year Read More »
BERLIN (Reuters) – German import prices decreased by 13.2% year on year in July, the sharpest drop since January 1987, the statistics office said on Wednesday, mainly due to a base effect from the price increases in the previous year following the war in Ukraine. Analysts polled by Reuters had forecast a 13.1% year-on-year decline. …
German July import prices post sharpest decrease since 1987 Read More »
By Ziyi Tang, Liangping Gao and Clare Jim BEIJING/HONG KONG (Reuters) -Guangzhou on Wednesday became the first major Chinese city to announce an easing of mortgage curbs as the government ramps up efforts to revive the crisis-hit property sector and shore up the sputtering economy. The decision comes as some Chinese state-owned banks are expected …
Guangzhou eases mortgage rules as China ramps up efforts to revive property sector Read More »
