BUDAPEST (Reuters) – Hungary abandoned a Budapest-based Russian bank this week because U.S. sanctions had “ruined” it, Prime Minister Viktor Orban said on Friday, adding that Hungary would comply with sanctions on Russia but continue to speak out against them. The NATO leader with the closest ties to Russia told state radio the United States …
(Reuters) – After central banks across Latin America and the Caribbean raised rates to battle inflation, the International Monetary Fund is now pointing at less spending from governments to help slow down price pressures – while reminding the region’s rich to pay more taxes. “Fiscal policy can help monetary policy in reducing demand pressures,” the …
By Jamie McGeever ORLANDO, Florida (Reuters) -If small businesses are the bedrock of the U.S. economy, last month’s banking shock has given us a pretty good idea of where the epicenter of any looming recession will be. Deposits have fled small banks at a record pace, the availability of credit for small businesses is deteriorating …
Small U.S. banks and businesses make for big problem: McGeever Read More »
By David Randall NEW YORK (Reuters) -Inflation data showing U.S. consumer prices rising less than expected in March may have come as a relief to markets, but some investors believe it may take a strong corporate earnings season to push stocks higher decisively. Hopeful investors have been betting on easing inflation and a dovish pivot …
Slowing US inflation shifts investor focus to earnings season Read More »
By Howard Schneider WASHINGTON (Reuters) -Several Federal Reserve policymakers last month considered pausing interest rate increases after the failure of two regional banks and a forecast from Fed staff that banking sector stress would tip the economy into recession. But even they concluded high inflation remained so paramount they pressed on with a rate hike …
Several Fed officials considered rate pause in March, minutes show Read More »
(Reuters) -Economists at Goldman Sachs no longer expect the U.S. Federal Reserve to raise interest rates in June, according to a research note published on Wednesday following data that showed consumer prices cooled faster than expected in March. Goldman Sachs had previously expected consecutive rate hikes at the Fed’s May and June meetings. Economists led …
Goldman Sachs no longer expects Fed rate hike in June Read More »
By Kirsty Needham SYDNEY (Reuters) – Australia wants exporters to diversify markets and become less reliant on China, because it cannot separate economic and strategic relationships, Foreign Minister Penny Wong said on Wednesday, after the two countries unveiled a path to ending a trade dispute. Both nations have reached consensus to end their dispute over …
Australia tells exporters to diversify from top trade partner China Read More »
By Chen Lin SINGAPORE (Reuters) – Singapore’s economy is likely to have expanded at a slower pace in the first quarter, posing a challenge for the central bank as it seeks to balance containing persistent inflation with efforts to shore up weakening growth. Preliminary data due on Friday is seen showing gross domestic product (GDP) …
Singapore’s Q1 GDP likely slowed, complicating central bank’s task: Reuters poll Read More »
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr’s approval ratings edged lower due to public dissatisfaction over his government’s handling of inflation, but he remains popular, an opinion poll showed on Wednesday. The Pulse Asia survey found that 78% of 1,200 respondents polled in March approved of Marcos’ performance, lower than the 82% he got …
High Philippine inflation dents Marcos’ approval ratings Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Today marks what has become a monthly routine when investors hold their collective breath for the U.S inflation report, to gauge just how sticky prices are likely to be and the path the Fed will take to tackle inflation. Also due …
Marketmind: Nervy markets wait on inflation report, Fed cues Read More »
