LONDON (Reuters) – Turkey’s lira briefly dipped to a record low and its main stock market fell 1.35% on Monday as a major earthquake added to pressures from a strong dollar and the war in Ukraine, as well as a surprise inflation reading. The lira slipped to 18.85 in early trade before retracing its losses …
Turkey’s lira hits record low but rebounds after quake, stocks slip Read More »
By Ann Saphir (Reuters) – U.S. stocks may fall further, and bond yields rise, as the Federal Reserve continues its current round of interest-rate hikes in coming months, according to an analysis published Monday by the San Francisco Fed. Financial conditions have already tightened significantly, starting even before the U.S. central bank began raising interest …
U.S. financial conditions may tighten further: SF Fed paper Read More »
By Laura Matthews NEW YORK (Reuters) – Wild swings in global currencies hammered corporate earnings in the past year, and while forex markets have gotten less choppy, some companies are seeking ways to guard profits and lower hedging costs. Currency volatility drove the J.P. Morgan VXY G7 Index in September to its highest in more …
Analysis-Dollar’s gyrations raise hedging costs for U.S. companies Read More »
A look at the day ahead in European and global markets from Anshuman Daga Last week, the Federal Reserve and the European Central Bank raised interest rates as expected and flagged that credit conditions would remain as tight as necessary to tame inflation. Still, stocks rallied and bond yields fell as markets priced in lower …
By Satawasin Staporncharnchai BANGKOK (Reuters) – Thailand’s headline inflation cooled to its lowest rate in nine months and came in below analyst forecasts, helped by easing energy and food prices, with the commerce ministry predicting consumer prices will decline further this year. The headline consumer price index (CPI) rose 5.02% in January from a year …
Thai inflation below forecast in Jan, seen slowing further Read More »
By Marcela Ayres BRASILIA (Reuters) – Newly elected Brazilian President Luiz Inacio Lula da Silva is considering an income tax exemption for workers who earn two times the minimum wage, or just over 2,600 reais ($504.64) a month from 1,903 currently, two sources with knowledge of the negotiations said on Saturday. The idea, still under …
Brazil’s government eyes raising income tax exemption in 2023 Read More »
SAO PAULO (Reuters) – Brazilian retailer Americanas SA said on Friday its board had decided to remove three directors and three executives amid investigations over so-called accounting inconsistencies. Americanas, backed by the billionaire trio that founded investment firm 3G Capital, entered bankruptcy protection last month after disclosing “inconsistencies” in its accounting worth 20 billion reais …
Brazil’s Americanas board to remove top executives after accounting scandal Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks dropped more than 1%, while U.S. Treasury yields and the dollar rose on Friday after a shockingly strong U.S. jobs report renewed concerns the Federal Reserve may remain aggressive in its path of interest rate hikes as it tries to tame inflation. The …
Stocks tumble, U.S. bond yields rise on strong jobs report Read More »
By Bernardo Caram BRASILIA (Reuters) – Brazil’s finance ministry sees room for leftist President Luiz Inacio Lula da Silva to raise the minimum wage as of May at a cost of up to 5 billion reais ($975 million) to the government, two sources in the ministry told Reuters on Friday. The sources, who spoke on …
Brazil’s finance ministry to back minimum wage increase starting in May -sources Read More »
By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Friday said the 5.1% policy rate that most Fed policymakers thought as of December would ultimately be needed is a “good indicator” for where policy is going, but the central bank could take rates even higher. “I’m prepared to do more than …
Fed’s Daly sees policy rate rising to least 5.1%, then a hold Read More »
