Reuters US Economy

ISTANBUL (Reuters) -Turkey’s central bank is expected to raise its policy rate to 20% this week, a Reuters poll showed on Monday, though some economists expect a smaller increase after hikes in previous months remained below expectations. The central bank embarked on a tightening cycle in June, after President Tayyip Erdogan appointed former Wall Street …

Turkish central bank to hike policy to 20%; some expect smaller step Read More »

A look at the day ahead in European and global markets from Ankur Banerjee We are back to “bad news is good news” as soft economic data revived hopes central banks could be more or less done raising interest rates, leading investors to rush into risky assets but with wary eyes on the Fed’s Jackson …

Weak data, Nvidia lift risk appetite Read More »

By Rodrigo Campos (Reuters) -The executive board of the International Monetary Fund (IMF) on Wednesday approved the disbursement of $7.5 billion for Argentina after completing the fifth and sixth reviews of their $44 billion program, the IMF said. Total disbursements under the arrangement are now about $36 billion, the fund said. Most of the cash …

Argentina secures $7.5 billion disbursement from IMF Read More »

BUENOS AIRES (Reuters) – Argentina’s economic activity fell 4.4% in June from a year earlier, the country’s official statistics agency said on Wednesday, below the expectations of a Refinitiv poll of a 4.0% drop. The country’s economy has been severely hit by poor performance in the agricultural sector, which registered a 40.4% drop year-on-year according …

Argentina’s economic activity down 4.4% in June as agriculture plunges Read More »

(This Aug. 22 story has been corrected to fix the name of Moody’s Analytics at the bottom of paragraph 3) By Safiyah Riddle (Reuters) – U.S. existing home sales dropped to a six month-low in July as home owners who are locked into cheap mortgages refrained from selling their properties with the cost of new …

US existing home sales slide again, but prices up from a year earlier Read More »

By Mike Dolan LONDON (Reuters) – The United States and China may feel some financial detente is wise at this point – even if goading one another plays well domestically. A bruising August for both China’s economy, property sector and stock market on one hand and U.S. government debt on the other served as a …

Column-A US-China detente to avoid ‘fiscally assured destruction?’: Mike Dolan Read More »

By Jason Lange WASHINGTON (Reuters) -Argentine Economy Minister Sergio Massa said on Tuesday that he expects the International Monetary Fund (IMF) board to approve the latest reviews of its huge loan program on Wednesday, unlocking $7.5 billion the embattled country desperately needs. The board green light would come after the South American nation reached a …

Argentina’s Massa expects IMF board OK for $7.5 billion payout Read More »

(Reuters) -Ratings agency Moody’s said on Tuesday it estimates the economic loss from the Hawaiian wildfires to be in the range of $4 billion to $6 billion. The agency’s Risk Management Solutions division, however, said in a report that most of the economic damage is expected to be covered by insurance, in the range of …

Moody’s says economic loss from Hawaii wildfire could be as high as $6 billion Read More »

By Fergal Smith TORONTO (Reuters) – Canada’s commodity-linked main stock index is expected to rise less than previously expected over coming months and could see a correction as investors grapple with a slowdown in China and higher borrowing costs, a Reuters poll found. The median prediction of 24 portfolio managers and strategists in the August …

Toronto equity forecasts reduced as downside risks lurk – Reuters poll Read More »