By Gertrude Chavez-Dreyfuss, Saeed Azhar and Davide Barbuscia NEW YORK (Reuters) – Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders starting to avoid U.S. government debt that comes due in June and others preparing to deal with securities at risk of default. U.S. President Joe …
Analysis-Wall Street prepares for Treasuries mess as default looms Read More »
BRASILIA (Reuters) – Brazilian central bank chief Roberto Campos Neto said on Thursday, a day after the country’s lower house approved a new fiscal framework bill, that the move has had a postive impact on inflation forecasts and long-term interest rates. Speaking to local television channel Globo News, Campos Neto did not say whether this …
Brazil cenbank chief says new fiscal bill good sign for inflation Read More »
SAO PAULO (Reuters) – Brazilian financial technology firm PagSeguro Digital on Thursday posted a better-than-expected 6% increase in its first-quarter profit, which the company said was boosted by payment processing revenue. The New York listed-firm posted net profits of 370 million reais ($73.95 million), while analysts surveyed by Refinitv expected profits of 344 million reais. …
Brazil’s PagSeguro posts $74 million quarterly profit, beats forecast Read More »
(Reuters) -The U.S. Treasury on Thursday announced a slate of T-bill auctions for early next week that some market participants see as an indication that the debt ceiling’s so-called “X-date” may not in fact be June 1. Treasury’s Bureau of Fiscal Management said it would auction $119 billion of 3-month and 6-month bills on Tuesday, …
U.S. Treasury debt announcement signals to some June 1 is not ‘X-date’ Read More »
By Karen Brettell (Reuters) – The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn’t act to lift the debt ceiling before it is reached, which could happen as soon as June 1. For holders of Treasury bills, notes and bonds, that raises uncertainty over whether the issues they hold …
What would happen to a Treasury bill after default? Six key questions Read More »
BERLIN (Reuters) – The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby entering recession, data from the statistics office showed on Thursday. Gross domestic product fell by 0.3% for the quarter when adjusted for price and calendar effects, a second estimate showed. This follows a decline of …
By Lucy Craymer WELLINGTON (Reuters) – The Reserve Bank of Governor Adrian Orr said on Thursday the committee was confident in the level of restrictiveness of interest rates at the present point. “They (interest rates) are well above what we would consider neutral, are constraining spending and investment,” Orr told the New Zealand government Finance …
RBNZ Governor Orr says confident in restrictiveness of interest rates Read More »
By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A (Reuters) – Wall Street’s main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. The lack of progress on raising the U.S. government’s $31.4 trillion debt limit ahead of a …
By Chris Prentice WASHINGTON (Reuters) – Short-selling, the practice of seeking to profit off bets that a stock will fall, is a key focus for U.S. prosecutors, and there will be more activity by the Justice Department in coming months, a top department official said on Wednesday. The recent rout in shares of U.S. regional …
US action on short-sellers likely in ‘next few months’ -DOJ official Read More »
By Davide Barbuscia NEW YORK (Reuters) – Rating agency Moody’s expects the U.S. government will continue to pay its debts on time, but public statements from lawmakers during the debt ceiling negotiations could prompt a change in its assessments of the U.S. credit outlook before a potential default, a senior analyst said. Investors use credit …
Change in tone in U.S. debt talks could prompt rating action before default -Moody’s Read More »
