Reuters US Economy

By Rodrigo Campos and Jorgelina do Rosario WASHINGTON (Reuters) -Tightening global financial conditions and stubbornly high inflation cloud the outlook for Latin American and Caribbean economies, the International Monetary Fund said on Thursday. The IMF earlier this week lifted its output growth forecast for 2022 in the region to 3.5% from a previous 3% estimate, …

Higher rates, inflation a hurdle to Latam growth in 2023 – IMF Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever After a wild day on world markets on Thursday – the long-awaited turnaround or yet another bear market rally? – the focus in Asia turns to China. Beijing releases a raft of key economic data on Friday including the latest snapshots …

Marketmind: Xi bangs the drums Read More »

By Carolina Mandl and Sinead Cruise NEW YORK/LONDON (Reuters) – Global investors and banks have been voicing confusion about their efforts to convert depositary receipts of Russian companies into ordinary shares in compliance with a new Russian law, according to advisors and client communications from the banks. Some banks including Citigroup and BNY Mellon have …

Analysis-Russian law on stock conversion baffles global banks, clients Read More »

WASHINGTON (Reuters) – The Group of 20 major economies has “quite a lot of huge gaps” to bridge over geopolitical divisions, including the war in Ukraine, but remains in agreement over many financial issues, the group’s chair said on Thursday. Indonesian Finance Minister Sri Mulyani Indrawati told a news conference after another G20 finance leaders’ …

G20 chair Indrawati says ‘huge gaps’ remain on Ukraine war, geopolitical issues Read More »

By Stefano Rebaudo (Reuters) – Euro zone borrowing costs edged lower on Thursday as investors paused for breath ahead of key U.S. economic data after driving government bond yields to fresh multi-year highs. U.S. producer prices increased more than expected in September, but underlying goods prices posted their weakest reading in nearly 2-1/2 years. Concerns …

Euro zone bond yields just off multi-year highs ahead of U.S. data Read More »

DUBAI (Reuters) – Saudi Arabia’s inflation rose to 3.1% in September, driven mainly by higher food prices, rents, and the rising cost of utilities, the General Authority for Statistics said on Thursday. Compared to the previous month, the Consumer Price Index (CPI) for September was marginally higher, up 0.3%, it added. Food and beverage prices …

Saudi inflation rises to 3.1% in Sept on higher food prices Read More »

By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s net income turned negative in September, minutes from its most recent policy meeting showed, although the largely technical development – previously flagged by its staff – will not affect the U.S. central bank’s ability to conduct monetary policy and does not threaten its financial …

Fed’s net income turned negative in September, but it was no surprise Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Thursday, Oct. 13. 08:30 Eastern, 1230 GMT. That is the moment U.S. September inflation data will be released, and when central banks around the world will have a clearer idea if they will need to wade into the foreign exchange market …

Marketmind: The final countdown Read More »

(Reuters) – The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions, data from the Mortgage Bankers Association (MBA) showed on Wednesday. Mortgage rates have more than doubled since the beginning of the year …

U.S. mortgage interest rates rise to highest level since 2006 Read More »