By Tetsushi Kajimoto TOKYO (Reuters) – Japan will announce on Monday that it spent what was likely a record amount on currency intervention this month to prop up the yen, with market players keen for clues about how much further the authorities might step in to ease the yen’s sharp fall. A compilation of estimates …
Japan likely spent record amount in October to prop up yen Read More »
DUBAI (Reuters) – Economic activity in the Middle East and Central Asia was resilient with recovery continuing in 2022 but the region must guard against growing global headwinds and push ahead with reforms, the International Monetary Fund said on Monday. While crude exporters benefit from an oil windfall projected to accrue a cumulative $1 trillion …
MENA, Central Asia economies show resilience but global headwinds loom -IMF Read More »
A look at the day ahead in European and global markets from Anshuman Daga As a blitz of central bank rate meetings from Australia and Britain to the United States keeps investors on edge this week, markets will also wrestle with crucial data on inflation and jobs. Monday kicks off with the euro zone’s October …
ACCRA (Reuters) -Ghana’s President Nana Akufo-Addo on Sunday said talks with the International Monetary Fund were going well and sought to reassure investors that the negotiations would not lead to a reduction in the face value of government bonds. “No individual or institutional investor … will lose their money as a result of our ongoing …
Ghana president says IMF talks will not lead to a debt haircut Read More »
By Lucy Craymer and Harshita Swaminathan (Reuters) -The Reserve Bank of New Zealand said on Monday its annual stress test on the banking sector showed banks were “well placed” to overcome stagflation. The RBNZ’s Deputy Governor Christian Hawkesby said while banks’ capital buffers would take a hit in a stagflation scenario, where high inflation is …
NZ’s central bank says banks likely to withstand stagflation Read More »
ABUJA (Reuters) – Nigerian President Muhammadu Buhari on Sunday said he backed the central bank’s decision to try to mop up excess liquidity by recalling high-value bank notes and replacing them with newly-designed ones from mid-December. Central bank governor Godwin Emefiele said last week that of 3.3 trillion naira ($7.54 billion) cash in circulation, 2.7 …
Nigeria’s Buhari backs central bank on new banknotes Read More »
TUNIS (Reuters) – Tunisia will soon enact difficult economic reforms that have been delayed for years, the central bank governor said on Saturday, adding that financial authorities were trying to keep the dinar currency stable. Tunisia this month reached a preliminary agreement with the International Monetary Fund (IMF) for a $1.9 billion rescue package that …
Tunisia to start difficult economic reforms soon – central bank governor Read More »
By Lewis Krauskopf NEW YORK (Reuters) – A bounce in U.S. stocks that has defied a barrage of major earnings disappointments faces a key test in the coming week, when the Federal Reserve’s next meeting could shed light on how long it will stick to the aggressive monetary policies that have crippled asset prices in …
Hopeful U.S. stock rally set for date with Federal Reserve reality Read More »
By David Shepardson WASHINGTON (Reuters) – Mexico is making progress towards recovering its Category 1 aviation rating, but the U.S. Federal Aviation Administration (FAA) has not yet approved a plan, a source familiar with the matter told Reuters on Friday. Mexico’s Foreign Ministry said earlier in a statement that U.S. authorities had approved its plan. …
FAA says has not approved Mexico’s plan to regain Category 1 aviation rating- source Read More »
By Nicolás Misculin and Jorgelina do Rosario BUENOS AIRES/LONDON (Reuters) – Argentina reached a deal to restructure some $1.97 billion it owes the Paris Club, Argentina’s government and the creditor group said on Friday, which will push repayments back as far as 2028 and bring relief of some $248 million to the country. “Today, Argentina …
Argentina strikes $2 billion Paris Club debt deal Read More »
