By Sinéad Carew and Dhara Ranasinghe LONDON (Reuters) – Wall Street equities rose on Wednesday while U.S. Treasury yields pared gains and the dollar lost ground after Federal Reserve Chair Jerome Powell said the central bank could slow the pace of interest rate hikes “as soon as December”, even as he cautioned that inflation was …
Stocks gain ground, Treasury yields pull back after Powell statement Read More »
BANGKOK (Reuters) – Thailand’s central bank raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds. The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to raise the one-day repurchase rate to …
Thai central bank raises key interest rate by 25 bps to 1.25% Read More »
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesian central bank governor Perry Warjiyo emphasised on Wednesday the need to adjust interest rates early to control inflation, which is near its highest rate in seven years. But availability of energy subsidies next year would let Bank Indonesia (BI) moderate rises in interest rates, Warjiyo said. …
Indonesia’s monetary policy will be front-loaded – central bank Read More »
TOKYO (Reuters) – A wider range of Japanese companies are raising prices, including those in sectors historically reluctant to pass on higher costs to customers, a Bank of Japan research note said on Wednesday in a nod to broadening inflationary pressure. A thorough analysis of the BOJ’s “tankan” quarterly business survey showed price increases were …
BOJ flags broadening price increases in once deflation-prone Japan Read More »
By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sri Lanka owed Chinese lenders $7.4 billion – nearly a fifth of its public external debt – by the end of last year, calculations by the China Africa Research Initiative (CARI) published on Wednesday showed, an estimate higher than many others. The figure was above …
Sri Lanka’s debt to China close to 20% of public external debt -study Read More »
By Andreas Rinke (Reuters) – The leaders of the International Monetary Fund and the World Trade Organization on Tuesday warned against the negative impact of deglobalization for the global economy, arguing instead for smart moves to diversify supply chains. IMF Managing Director Kristalina Georgieva, speaking after a meeting with German Chancellor Olaf Scholz, said globalization …
IMF and WTO leaders warn don’t ‘pull the plug’ on global trade Read More »
(Reuters) – Directors at three of the Federal Reserve’s 12 regional banks supported a smaller increase in a key emergency borrowing rate than the 75-basis point rate hike the U.S. central bank ultimately approved in early November, minutes of Fed discount rate meetings showed on Tuesday. At meetings held a week or two before the …
Three Fed bank boards wanted smaller discount rate hike Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence slipped to a four-month low in November, with households less keen to spend on big-ticket items over the next six months amid high inflation and rising borrowing costs, heightening the risks of a recession next year. But the survey from the Conference Board on Tuesday also …
U.S. consumer confidence at four-month low; house price inflation slows Read More »
By Davide Barbuscia NEW YORK (Reuters) – Benchmark U.S. Treasury 10-year yields will fall next year as the Federal Reserve slows monetary tightening and eventually cuts interest rates to stimulate a dwindling economy, according to a forecast from Bank of America (BofA). BofA believes the U.S. economy will enter a recession around the middle of …
Recession may force Fed rate cut in 2023, sending Treasury yields lower -BofA Read More »
By Deborah Mary Sophia and Granth Vanaik (Reuters) -Deep discounts on everything from fashion to electronics during the Thanksgiving weekend encouraged more Americans to open their wallets even as inflation weighed on their shopping budgets, data from the National Retail Federation showed on Tuesday. A record 196.7 million shoppers made purchases in stores and online …
U.S. Thanksgiving weekend sees record 197 million shoppers -NRF Read More »
