Reuters US Economy

By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Good is bad again – or vice versa – as markets worry upbeat U.S. retail sales will lead to higher interest rates for longer. Some of the better-than-expected performance was likely due to rising prices, …

Marketmind: Good is bad? Depends on who or what you are Read More »

DUBAI (Reuters) – Banque Saudi Fransi sold $700 million in five-year bonds on Wednesday in the first public dollar bonds out of the Gulf in nearly a month, a bank document showed. The bonds were sold at 170 basis points (bps) over U.S. Treasuries (UST), tightened from initial guidance of around 195 bps after orders …

Banque Saudi Fransi sells $700 million in five-year bonds Read More »

By Nell Mackenzie (Reuters) -Hedge fund Muddy Waters is short in payment processing company dlocal, the investment firm’s CEO and owner Carson Block told a financial conference on Wednesday. Block told attendees at the Sohn Conference in London that he entered his short position because of the many “red flags” he found in the most …

Muddy Waters’ Block short in dlocal, cites ‘red flags’ at conference Read More »

(Reuters) – Argentina’s rising central bank debt poses a risk to the country’s monetary stability, ratings agency Moody’s said on Wednesday, adding it could further stoke inflation and aggravate any exchange rate shock if savers flee from the local peso currency. In that scenario, Moody’s warned, authorities could even freeze peso deposits, an extreme measure …

Argentina cenbank debt poses ‘systemic risk’ to financial sector, Moody’s says Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early in the fourth quarter, which could help to support the economy. The solid retail sales reported by the Commerce Department …

U.S. retail sales rise solidly; fourth-quarter GDP estimates raised Read More »

By Sergio Goncalves and Aislinn Laing LISBON (Reuters) – Portugal’s finance minister has backed the European Commission’s proposal to change the EU’s fiscal rules to allow governments to negotiate individual debt reduction paths, but cautioned against giving them too much leeway on exempted spending. The current rule is that euro zone countries must cut debt …

Portugal’s finance minister backs planned EU debt rule flexibility Read More »

NUSA DUA, Indonesia (Reuters) -Leaders of the Group of 20 (G2) major economies said on Wednesday their central banks will continue to calibrate the pace of monetary policy tightening, while being mindful of the need to limit “cross-country spillovers.” In a leaders’ declaration, the G20 members also reaffirmed their commitment to avoid excessive exchange-rate volatility …

G20 vows to calibrate pace of interest rate hikes, avoid spillovers Read More »

PARIS (Reuters) -Unemployment in France eased back to its lowest in 14 years in the third quarter, official data showed on Tuesday, a figure that should be welcomed by the government as it battles soaring inflation. The unemployment rate edged down to 7.3% from 7.4% in the previous three months, the INSEE statistics agency said, …

French unemployment eases back to 14-year low in third quarter Read More »

MEXICO CITY (Reuters) – The International Monetary Fund (IMF) gave final board approval to grant Costa Rica a $725 million sustainability loan, the Fund said in a statement Monday, directed at the Central American country’s climate agenda. The IMF also said it completed its third review of Costa Rica’s Extended Fund Facility, unlocking another $270 …

IMF gives final approval for nearly $1bn in financing to Costa Rica Read More »