,(Reuters) – Spring is in the air, the banking crisis appears to have been contained for the time being and it’s time to take a look at how the real economy is faring. Next week brings the all-important U.S. monthly jobs report, as well as a final read on business activity in March, a crucial …
By Svea Herbst-Bayliss NEW YORK (Reuters) – Four large investors in Pitney Bowes told Reuters they will vote for Hestia Capital’s director candidates as the activist fund campaigns to oust the shipping and mailing company’s long-time chief executive and overhaul its business strategy. Hestia, which owns an 8.4 pct stake in Pitney Bowes, has nominated …
Several Pitney Bowes investors to vote for Hestia slate in proxy battle Read More »
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of New Zealand will scale back its tightening pace to a quarter-point rate hike on Wednesday as inflation runs hot even as the economy slows, according to a Reuters poll of economists who were split on where rates would peak. New Zealand’s economy is expected to …
RBNZ to downshift to 25 bps increase in April as tightening nears an end- Reuters Poll Read More »
MEXICO CITY (Reuters) -The Bank of Mexico’s five-member governing board unanimously voted to hike the benchmark interest rate by 25 basis points to 11.25% on Thursday, moderating the pace of its tightening cycle and taking a more dovish tone on the future of rate moves. Banxico, as the Mexican central bank is known, removed language …
Bank of Mexico hikes key interest rate to 11.25%, takes dovish tone on future moves Read More »
By Miguel Lo Bianco and Lucila Sigal BUENOS AIRES (Reuters) -As Argentina’s over 100% inflation rate saps earning power and outstrips wages, Jorge Pedro Armoa, 67, has found a painful solution: juggling three jobs as a metal worker, soccer coach and part-time salesman of medical creams, flip flops and honey. Armoa, who lives in a …
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -Colombia’s central bank board raised the benchmark interest rate by 25 basis points to 13% on Thursday, as expected by most analysts who say this could be the last hike, and upgraded its economic growth forecast to 0.84% in 2023. The decision to increase the rate by …
Colombia’s central bank raises benchmark interest rate to 13% Read More »
(Reuters) – Brazil’s central government reported a primary budget deficit in February of 40.989 billion reais ($8.02 billion), the Treasury said on Thursday, above the median forecast of a 35.7 billion reais deficit in a Reuters poll. The monthly result was 90.6% higher than the same period the previous year, when the country registered a …
Brazil central govt posts $8 billion deficit in February Read More »
WASHINGTON (Reuters) – Federal Reserve Bank of Boston leader Susan Collins said on Thursday that she does not see the market’s current case for central bank rate cuts this year. Boosting rates further and keeping them there through the rest of the year is the monetary policy stance that is likely needed to get inflation …
Fed’s Collins: Getting inflation down argues for no rate cuts this year Read More »
BRUSSELS (Reuters) – Euro zone economic sentiment defied market expectations for another slight improvement and deteriorated in March, pulled down by a sharp decline in optimism in the two main sectors of the economy – industry and services, data showed on Thursday. The European Commission’s monthly survey showed economic sentiment in the 20 countries sharing …
Euro zone sentiment defies expectations of rise, deteriorates in March Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s finance ministry unveiled on Thursday a proposal for new fiscal rules to balance limits on spending growth with the government’s vow to boost social programs and public investment, lifting local markets after months of uncertainty. The long-awaited proposal is key to easing fiscal concerns after leftist President Luiz Inacio …
Brazil unveils new budget rules, easing market fears on fiscal discipline Read More »
