PARIS (Reuters) – The Organisation for Economic Cooperation and Development detailed on Thursday the final guidance for governments on how to bring the new global minimum corporate tax into their law books, taking the reform a step closer to roll out next year. In the deepest overhaul of cross-border tax rules in a generation, nearly …
OECD offers final guidance for global minimum corporate tax Read More »
By Jamie McGeever ORLANDO, Fla. (Reuters) – The mood at the annual ‘Miami hedge fund week’ gatherings this week was as bright as the winter sunshine, with one notable dark cloud on the 2023 horizon: U.S. stocks. The S&P 500 has just had its first January rise since 2019 – and its second best start …
Column-Wall St rip finds few fans at Miami hedge fund week: McGeever Read More »
By Ann Saphir WASHINGTON (Reuters) – Financial markets this week latched on to what U.S. Federal Reserve Chair Jerome Powell called “most welcome” disinflation, betting it signals the central bank’s war on high inflation is nearing an end. Powell in fact used the word 15 times during his 45-minute press conference Wednesday – an explosion …
Explainer-The Fed says disinflation is welcome. What is that, exactly? Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks climbed for a third straight day and longer-dated U.S. Treasury yields were flat on Thursday, as policy announcements from a host of central banks added to optimism that the cycles of interest rate hike cycles may be near an end. After the U.S. …
Stocks rally, U.S. yields flat on hopes for central banks pause Read More »
BERLIN (Reuters) – Materials shortages have decreased in Germany’s manufacturing sector, a survey by the Ifo economic institute published on Thursday showed. In January, 48.4% of the companies surveyed reported problems, down from 50.7% in December, Ifo said. “Given the mild winter recession that’s emerging, we would’ve liked to see a stronger decline,” Klaus Wohlrabe, …
Materials shortages decrease at German manufacturers – Ifo Read More »
BERLIN (Reuters) – German exports fell more than expected in December as high inflation and market uncertainty continued to weigh on Europe’s largest economy despite fading supply chain problems. Exports fell by 6.3% on the previous month, data from the federal statistics office showed on Thursday. Analysts polled by Reuters had predicted a decline of …
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank is all but certain to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be. The ECB has been increasing rates at a record pace …
ECB to raise rates again and face questions about future path Read More »
By Davide Barbuscia and Lewis Krauskopf (Reuters) – A more dovish-than-expected message from Federal Reserve Chairman Jerome Powell stands to further boost hopes of slowing rate hikes and a so-called economic soft landing that have fueled a powerful rebound in U.S. stocks. For weeks, hopes that easing inflation and cooling growth will allow the Fed …
Analysis: Fed feeds Wall Street’s soft landing hopes, though recession fears still loom Read More »
By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Push back? What push back? The main theme ahead of the Fed announcement was that Chair Jerome Powell would definitely, totally, absolutely push back against the recent rapid easing in market conditions given inflation was …
By Rodrigo Campos NEW YORK (Reuters) -The International Monetary Fund on Wednesday sent a thinly veiled warning to Argentina that it must not undermine targets to rebuild its “scarce” foreign currency reserves following a $1 billion bond buyback by the indebted nation. The comments, made by IMF official Nigel Chalk to Reuters, are the first …
IMF tells Argentina not to risk ‘scarce’ reserves after bond buyback Read More »
