Reuters US Economy

By Jorgelina do Rosario and Rodrigo Campos (Reuters) -The International Monetary Fund and Argentina reached a staff-level agreement on the fourth review of their $44 billion program, the IMF said in a statement on Monday. The IMF staff and Argentine authorities also requested IMF Board approval to revisions of reserve targets at the central bank, …

IMF staff approves review of Argentina’s program, requests lower reserves targets Read More »

WELLINGTON (Reuters) – New Zealand house prices continued to fall on the prior month as ongoing headwinds and the impact of Cyclone Gabrielle continues to weigh, the Real Estate Institute of New Zealand (REINZ) said on Tuesday. Seasonally adjusted median house values fell 1.7% in February compared with the previous month, and were down 13.9% …

New Zealand house prices fall in February as economic headwinds continue Read More »

ISTANBUL (Reuters) – Turkey’s current account deficit widened to $9.85 billion in January, data from the central bank showed on Monday, the highest level in four decades of available data, driven by a soaring energy bill and gold imports. It was highest monthly deficit since 1984, the first year for which such data is available, …

Turkey’s current account deficit widens to record level in January Read More »

By Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – The European Central Bank looks set to deliver another hefty interest rate hike on Thursday, putting the market focus onto how far it is willing to go to fight inflation. A surprise surge in underlying inflation in February has left policymakers fretting that price pressures could …

How high will you go? Five questions for the ECB Read More »

A look at the day ahead in European and global markets from Wayne Cole So, U.S. authorities have ridden to the rescue of the financial system, generating the biggest rally in short-term bonds in decades amid talk the Federal Reserve might not hike rates at all next week given the stakes at play. The Asian …

Marketmind: Bank rescue leaves Fed in a rate bind Read More »

By Steven Scheer JERUSALEM (Reuters) – Israeli shares slid more than 4% on the Tel Aviv Stock Exchange (TASE) on Sunday led by financial firms following the failure of SVB Financial Group late last week, while the government vowed to help Israeli tech firms affected. With Israel’s trading week running Sunday through Thursday, it was …

Government vows aid for tech firms but Israel stocks slide on SVB collapse Read More »

PARIS (Reuters) – French unions will keep on fighting against President Emmanuel Macron’s pension reform plan despite the upper house of parliament approving the text on Saturday, a leader of one of the main unions said on Sunday. Laurent Berger, secretary general of France’s largest union the CFDT, also warned Macron’s government against forcing the …

French union leader vows to keep fighting Macron’s pension plan Read More »

By Sarah N. Lynch, Rami Ayyub and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors, but a major bailout was not being considered. Yellen told the CBS News “Face the Nation” show …

Yellen: working to address SVB collapse, but not looking at bailout Read More »

BRASILIA (Reuters) – Brazil’s finance chief said the government’s eagerly awaited fiscal framework would include a new rule to monitor spending but without addressing public debt, in remarks on Friday ahead of unveiling the rules backed by President Luiz Inacio Lula da Silva. In an interview with CNN Brasil, Finance Minister Fernando Haddad stressed that …

Brazil fiscal framework to include rule to track spending, says Haddad Read More »