By Nivedita Balu and Manya Saini (Reuters) – Royal Bank of Canada (RBC) warned of a softer economy ahead and plans to cut about 1,800 job after Canada’s largest bank beat analysts’ estimates for the third quarter on Thursday helped by cost cutting measures. Chief Executive Officer Dave McKay forecast slowing growth and lower inflation …
RBC plans job cuts after profit beat, TD misses on higher expenses Read More »
By Davide Barbuscia and Carolina Mandl NEW YORK (Reuters) – Recent shifts in the U.S. Treasury yield curve may indicate that market optimism around the economy could wane, with some investors looking at Federal Reserve Chair Jerome Powell’s speech at an economic symposium on Friday as a potential trigger for a correction or rapid unwind …
Analysis-US Treasury yield curve shifts could be set-up for Jackson Hole unwind Read More »
By Michael S. Derby NEW YORK (Reuters) – Two Federal Reserve officials on Thursday tentatively welcomed a jump in bond market yields as something that could complement the U.S. central bank’s work to slow the economy and get inflation back to the 2% target, while also noting they see a good chance that no more …
Two Fed officials tentatively embrace bond yield jump Read More »
By Safiyah Riddle (Reuters) -The number of Americans filing new claims for unemployment benefits fell for a second straight week, as labor market conditions remained tight despite the Federal Reserve’s aggressive interest rate hikes. Initial claims for state unemployment benefits decreased by 10,000 to a seasonally adjusted 230,000 for the week ended Aug. 19, the …
US jobless claims fall, core capital goods orders grow incrementally Read More »
NEW YORK (Reuters) – U.S. economic activity picked up pace last month as gauges of production and personal consumption improved, according to the Federal Reserve Bank of Chicago on Thursday. The bank’s National Activity Index rose to 0.12 in July, an increase from June’s -0.33. The figure, comprising four broad categories, indicates activity expanding at …
US economic activity picked up in July – Chicago Fed Read More »
By Saqib Iqbal Ahmed WASHINGTON (Reuters) – Investors may be underestimating the degree of potential market turbulence stemming from the Federal Reserve’s economic symposium at Jackson Hole, Wyoming, potentially leaving them more vulnerable to a hawkish surprise, options strategists said. Pricing in the options market – where investors often hedge against stock swings – shows …
NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins said Thursday the central bank may be in a place where it doesn’t need to raise rates again, while keeping open the option for more action. “We may be near, we could even be at a place where we would hold” and not …
Fed’s Collins: May be at a place where Fed can hold steady – Yahoo Finance Read More »
By Jorgelina do Rosario LONDON (Reuters) -Argentina plans to tap a $7.5 billion disbursement from the International Monetary Fund to repay China part of the money it borrowed through a currency swap line, two sources with direct knowledge of the matter said on Wednesday. Latin America’s third-largest economy recently used $2.8 billion equivalent of yuan …
By Danilo Masoni MILAN (Reuters) – It’s hard to be bullish about real estate in an environment of sharply higher interest rates. Yet unloved property stocks in Europe staged a surprise rally this summer, suggesting contrarian investors are starting to look past the worst. Two years of steep falls have made European property a short-seller …
Bounce in European property stocks: false start or turning point? Read More »
By Lewis Jackson and Kirsty Needham SYDNEY (Reuters) – Australia’s Trade Minister Don Farrell has dangled easier access to the country’s vast critical minerals sector as part of negotiations over a free trade agreement with the European Union ahead of possible further talks as soon as next week. Negotiations between Australia and the 450-million-person bloc …
Australia wants EU investment in critical minerals, but first a free trade agreement Read More »
