BERLIN (Reuters) – German producer prices rose more than expected in February, though the rate of increase eased for the fifth month in a row, signalling that inflation in Europe’s largest economy could be starting to wane, according to data released on Monday. Producer prices of industrial products were up 15.8% on the same month …
German producer prices rise more than expected in February Read More »
By Georgina Lee HONG KONG (Reuters) – Bitcoin hovered near nine-month highs on Monday, and has closed out its best week in four years as turmoil in traditional banking drives some investors to turn to digital assets. The biggest cryptocurrency by market value fell 1.8% in Asia hours to $27,549 after hitting its highest since …
Bitcoin near 9-month high as bank turmoil sparks rally Read More »
By Milagro Vallecillos PANAMA CITY (Reuters) – Latin America could see zero economic growth this year if the banking crisis in the U.S. and Europe “spreads across the world,” Inter-American Development Bank Chief Economist Eric Parrado said on Sunday. Parrado, who spoke during an annual IDB conference in Panama City, said IDB remains optimistic the …
LatAm growth threatened if financial turbulence spreads -IDB chief economist Read More »
By Valentine Hilaire and Noe Torres MERIDA, Mexico (Reuters) – The Bank of Mexico’s Governor Victoria Rodriguez said on Friday the Mexican banking system is solid, vowing to remain vigilant but emphasizing there was no current reason for authorities to intervene. Rodriguez, a former deputy finance minister, was asked about possible contagion from the collapse …
Banxico governor sees no contagion in Mexico from U.S. banking crisis Read More »
By Lewis Krauskopf and David Randall NEW YORK (Reuters) – Whipsawed U.S. stocks have gained an unexpected ally in recent days – a historic plunge in bond yields. U.S. government bond yields fell steeply this week, with some durations marking their biggest drops in decades, as investors bet the Federal Reserve would likely curb its …
Plunging bond yields boost stocks’ allure ahead of Fed meeting Read More »
(Reuters) – S&P Global on Friday raised its sovereign rating on Saudi Arabia to “A/A-1”, citing expected reform and diversification plans to boost development of the kingdom’s non-oil sector and shift dependence away from oil. Rival ratings agency Moody’s also said that Saudi Arabia’s plans will support it amid volatile oil price cycles and a …
S&P, Moody’s positive on Saudi Arabia’s non-oil reforms Read More »
By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva will travel to China from March 24 to March 30, IMF sources told Reuters on Friday. Georgieva will deliver a keynote speech at the China Development Forum (CDF) in Beijing on March 26, and speak at the Boao Forum for Asia Annual …
IMF’s Georgieva to travel to China at end of March-IMF sources Read More »
BRASILIA (Reuters) -Brazil’s Finance Ministry on Friday reduced its estimates for economic growth this year citing the impact of higher basic interest rates on activity and credit, and it said it sees monetary easing prospects despite higher inflation projections. The Ministry’s Secretariat of Economic Policy (SPE) now projects a gross domestic product expansion of 1.61%, …
Brazil’s Finance Ministry cuts 2023 GDP due to high interest rates Read More »
By Joey Roulette WASHINGTON (Reuters) -Astra Space this week asked Nasdaq for more time to bring its stock price above $1 to avoid being delisted from the U.S. stock exchange, the company said Thursday as it tries to revamp its rocket business against financial headwinds. Nasdaq told Astra in October last year that the company …
Rocket maker Astra seeks more time to avert Nasdaq delisting Read More »
(Reuters) – The U.S. Federal Reserve meets after global banking turmoil has left deep scars on financial markets – with the risk of more to come. Lender Credit Suisse will likely dominate a Swiss National Bank meeting and the Bank of England might place its inflation fight on hold. Here’s a look at the week …
