By Orhan Coskun and Karin Strohecker ISTANBUL/LONDON (Reuters) – Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek will attend a meeting with investors being held by JP Morgan in Istanbul on Friday, sources close to the matter told Reuters. The Turkish central bank and finance ministry declined to immediately comment on …
TORONTO (Reuters) – Greater Toronto Area (GTA) home prices fell in July for the second straight month and home sales tumbled nearly 30% as the Bank of Canada continued to raise borrowing costs. The average price of an area home fell 5.4% in July from June to C$1,118,374 ($837,796), while the number of sales declined …
Toronto home prices fall for second straight month in July Read More »
By Fergal Smith TORONTO (Reuters) – Analysts have raised their bullish forecasts on the Canadian dollar as central banks globally, including the Federal Reserve, move closer to concluding interest rate hiking campaigns, a Reuters poll showed on Thursday. The median forecast of nearly 40 currency analysts was for the loonie to strengthen about 2.0% to …
Canadian dollar prospects rise as analysts eye end of global rate hikes: Reuters poll Read More »
By Sudip Kar-Gupta PARIS (Reuters) – France’s services sector contracted by a bit more than first forecast in July, according to a survey, as fall in new orders weighed on businesses in the euro zone’s second-biggest economy. The HCOB France final purchasing managers index (PMI) for the services sector, as compiled by S&P Global, fell …
France’s services sector contracts in July by more than first thought-PMI Read More »
BERLIN (Reuters) – German exports stagnated in June, with a smaller than expected rise of 0.1% over the previous month, data from the federal statistics office showed on Thursday. A Reuters poll had predicted a month-on-month increase of 0.3%. “Trade is no longer the strong resilient growth driver of the German economy that it used …
German exports stagnate in June amid weak demand from abroad Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – India’s dominant services sector expanded at its fastest pace in 13 years last month as demand increased significantly despite elevated inflationary pressures, a business survey showed on Thursday. S&P Global’s India services purchasing managers’ index rose to 62.3 in July from June’s 58.5, confounding expectations in a Reuters poll …
India’s services growth at 13-year high in July on strong demand Read More »
By David Lawder MCLEAN, Virginia (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday voiced more complaints about Fitch Ratings’ downgrade of the main U.S. credit rating, calling it “entirely unwarranted” because it ignored improvements in governance metrics during the Biden administration and the country’s economic strength. Speaking at an Internal Revenue Service contractor office near …
Yellen: Fitch downgrade ‘entirely unwarranted’ amid US economy’s strength Read More »
By David French (Reuters) – Wall Street finished lower on Wednesday, with the S&P 500 and Nasdaq Composite down for a second straight day as investors took profits on five months of gains a day after rating agency Fitch cut the U.S. government’s credit rating. Fitch downgraded the United States to AA+ from AAA late …
Wall Street ends down, investors step back after Fitch US rating cut Read More »
By Lewis Jackson SYDNEY (Reuters) – Australia’s office vacancy rates crept higher in the first half to levels not seen since the 1990s, according to new research on Thursday which underscores the challenges facing landlords struggling to fill buildings emptied during COVID amid a slowing economy. Vacancies in downtown Sydney, Melbourne and Perth, where most …
Australia office vacancies edge up to highest level since 1990s Read More »
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) has warned some broker dealers to strengthen policies and controls that guard against money laundering, including by taking more care to conduct customer due diligence when opening accounts. SEC examiners said some broker dealers have not devoted enough resources, including staff, to their anti-money …
US regulator warns brokers to bolster anti money-laundering efforts Read More »
