By Mike Dolan LONDON (Reuters) – Growing wealth inequality and rise of the digital economy may well have combined to undermine the entire banking system – in an intriguing connection that potentially helps tie up some loose ends in world markets. Many investment strategists have for years seen the ebb and flow of world liquidity …
Column-Inequality and ‘deposit glut’ sowed bank instability :Mike Dolan Read More »
By Nyasha Chingono and Wendell Roelf HARARE (Reuters) – Ben Gilpin is one of hundreds of commercial farmers who has been offered government compensation for being evicted from their land and farms two decades ago, and found the plan has come up short. Expelled from his 1,000-hectare farm during a land reform campaign led by …
Farmers say Zimbabwe government compensation deal comes up short Read More »
By David Lawder WASHINGTON (Reuters) – Rapid aging of both wealthy and middle-income countries will make their economies increasingly dependent on migration from poorer countries, and the process needs to be better managed, the World Bank said on Tuesday. The bank’s latest World Development Report said that about 184 million people across the world now …
World Bank: Global migration to grow, needs better management Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence dropped to a nine-month low in April as worries about the future mounted, further heightening the risk that the economy could fall into recession this year. The consumer confidence survey from the Conference Board on Tuesday also suggested that Americans were getting ready to hunker down …
US consumer confidence hits nine-month low; housing market bottoming out Read More »
By Rodrigo Campos NEW YORK (Reuters) – Argentina’s Economy Minister Sergio Massa pledged on Tuesday to unleash “all tools” to counter a dangerous slide in the peso currency, which has plumbed near 500 pesos per dollar in popular black markets amid wider economic fears. The peso hit 495 on Tuesday in informal markets that have …
Argentina vows to battle black market peso slide towards 500 per dollar Read More »
By Chiara Elisei LONDON (Reuters) – Around one in five loans backing commercial real estate (CRE) in Britain, France and Germany that fall due between now and 2025 are likely to face refinancing challenges given higher interest rates, real estate management firm AEW said on Tuesday. AEW estimated the CRE sector, made up of multi-family …
Commercial real estate loans in core Europe face $55 billion funding gap, report says Read More »
(Reuters) -Sentiment among German exporters has rebounded to the highest point seen since the outbreak of war in Ukraine last year, according to a survey by the Ifo economic institute released on Tuesday. The institute’s export expectations indicator rose to 6.9 points in April, its highest level since February 2022 and up from 4.1 in …
German export sentiment at highest level since February 2022 – Ifo Read More »
(Reuters) – Rising concerns that the U.S. Treasury Department could hit its debt limit in the coming months are leading investors to shun certain Treasury bills and pour into others as they seek out low risk places to park cash. Congress will need to raise the U.S. debt ceiling or risk a catastrophic debt default, …
Investors flock to one-month bills on US debt ceiling jitters, shun others Read More »
PARIS (Reuters) – The European Central Bank has already gone “most of the way” in raising interest rates to tackle inflation, French ECB policymaker Francois Villeroy de Galhau said on Monday, adding any further rate hikes needed to be limited in number and size. In an annual report to French President Emmanuel Macron published on …
ECB has travelled most of the way towards higher interest rates – Villeroy Read More »
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold rates at 7.5% on Friday, a Reuters poll showed, with the risk of inflationary pressure picking up limiting the bank’s room for manoeuvre on any monetary easing. Last year, the bank gradually reversed a late February emergency rate …
Russian central bank to hold rate at 7.5%, inflation pressure looming Read More »
