WELLINGTON (Reuters) – New Zealand house prices fell in November on the prior month as rising interest rates, access to finance and concerns around the economy contributed to continued hesitancy in the market, the Real Estate Institute of New Zealand (REINZ) said on Tuesday. Seasonally adjusted median house values fell 2.8% in November compared with …
New Zealand house prices fall as interest rates bite -REINZ Read More »
BAMAKO (Reuters) – The World Bank and Mali on Monday signed financing agreements for two projects worth around $302 million, the ministry of economy said. Around $266 million will go to an urban resilience project in the capital Bamako and the remaining $36 million will fund agricultural development in the arid part of the West …
World Bank, Mali sign two financing agreements worth around $302 million -Mali govt Read More »
By Marc Frank and Nelson Acosta HAVANA (Reuters) – Crisis-hit Cuba on Monday forecast economic growth of 3% for 2023 and reported 2% in 2022, half of what it had previously predicted and down 8% from the pre-pandemic level. This year has proved tough for most Cubans, who had already suffered as a result of …
Cuba forecasts only slight growth rise as crisis grips island Read More »
By Michael S. Derby and Howard Schneider (Reuters) – Americans said last month that they are expecting waning inflation pressures over the next few years even as they expect their incomes to perk up, the New York Fed said Monday in its latest Survey of Consumer Expectations. The bank reported that respondents foresee a record …
Americans expected waning inflation pressures, rising incomes in November Read More »
(This Dec. 7 story has been corrected to replace “more than 10%” with “in the red” in paragraph 5) By David Randall NEW YORK (Reuters) – Investors who sell underperforming U.S. stocks to lock in tax benefits before year-end may be adding to recent pressure on equities while sowing the seeds of a January rebound …
Tax-loss selling in battered U.S. stocks could spur January snap-back Read More »
DUBAI (Reuters) – Saudi Arabia’s economy grew by 8.8% in the third quarter of 2022 compared to the same period a year earlier, mainly due to a sharp increase in oil-related activity, according to official estimates released on Sunday. Oil activities grew by 14.2% year-on-year in the third quarter, but GDP growth was also boosted …
Saudi Arabia’s GDP grows 8.8% year-on-year in Q3 -statistics authority Read More »
(Reuters) – The Russian-installed administration of Ukraine’s Kherson region said on Saturday that it had begun changing locally circulated Ukrainian hryvnia currency into Russian roubles, with hryvnia circulation in Moscow-controlled areas of the region to end on Jan. 1. In a video published on Telegram by the region’s Moscow-appointed administration, Andrei Peretonkin, head of the …
Russian-installed Kherson official says withdrawing hryvnia from circulation in January Read More »
ISTANBUL (Reuters) – Turkey’s BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks at a maximum 5% according to a regulation published in the country’s official gazette on Saturday. The amendment takes effect on January 9, it said. The regulation was last amended in 2014 when it was …
Turkish watchdog cuts banks’ forex to capital ratio limit Read More »
By Lewis Krauskopf NEW YORK (Reuters) – A double dose of potentially market-moving U.S. events next week could set the tone for asset prices in the rest of 2022 and beyond, as investors brace for a key inflation report followed by the last Federal Reserve meeting of the year. The S&P 500’s latest rebound stalled …
U.S. stock rally faces gauntlet of CPI data, Fed meeting Read More »
By Ann Saphir (Reuters) – Over the past six weeks or so, U.S. mortgage rates have fallen, stock prices are up, and yields on corporate debt have dropped, all signs that financial conditions are easing even as the Federal Reserve continues to wage war on 40-year-high inflation. But unlike this past summer, when Fed Chair …
Analysis-U.S. financial conditions have eased. So far the Fed is okay with it Read More »
