By Matt Tracy (Reuters) -U.S. bond firm PIMCO said on Tuesday the Federal Reserve should consider a halt to the shrinking of its mortgage holdings in order to boost the U.S. housing market. Since 2022 when it began its rate-hiking campaign, the Fed has shed the mortgage bond holdings on its balance sheet through quantitative …
PIMCO recommends Fed halt mortgage unwind to boost housing market Read More »
(This story has been corrected to change the word ‘karma’ to ‘drama’, in Doug Porter’s quote) TORONTO (Reuters) – Canada’s annual inflation rate rose 1.9% in August as petrol prices on a yearly basis fell at a slower pace than the previous month and food prices were up slightly, data showed on Tuesday. Market reaction: …
Instant View: Canada’s annual inflation rate in August rises less than expected Read More »
By Promit Mukherjee OTTAWA (Reuters) – Canada’s annual inflation rate rose 1.9% in August as gasoline prices on a yearly basis fell at a slower pace than in the previous month and food prices were up slightly, data showed on Tuesday. The annual inflation rate has been largely distorted by the cancellation of the carbon …
Canada’s annual inflation rises less than expected in August Read More »
TORONTO (Reuters) -Canadian housing starts fell 16% in August compared with the previous month, a steeper decline than expected, data from the national housing agency showed on Tuesday. The seasonally adjusted annualized rate of housing starts was 245,791 units, down from a revised 293,537 units in July, the Canadian Mortgage and Housing Corporation (CMHC) said. …
Canadian housing starts fall 16% in August -CMHC Read More »
BRUSSELS (Reuters) -The European Union is falling further behind global rivals on growth and governments are failing to grasp the urgency to act, former European Central Bank president and Italian prime minister Mario Draghi said on Tuesday. Draghi, who delivered a far-reaching report on EU competitiveness at the European Commission’s request 12 months ago, said …
EU falling behind on growth, reforms even more urgent, says Draghi Read More »
TOKYO (Reuters) -Japan’s output gap in the April-June quarter was upgraded to 0.3%, its largest since July-September 2019, after reflecting a revised gross domestic product (GDP) data, the Cabinet Office said on Tuesday. The gap was previously estimated at 0.1% as of last month, based on the preliminary second-quarter GDP data, marking the first positive …
Japan Q2 output gap biggest since 2019 after GDP revision, Cabinet Office says Read More »
SYDNEY (Reuters) -Australia’s economic outlook is balanced at the moment with risks on both the upside and downside, while there are signs consumer spending is picking up, a top central bank official said on Tuesday. Answering questions at a financial industry conference, Reserve Bank of Australia Assistant Governor Sarah Hunter said core inflation was coming …
Australia economic outlook has risks on both sides, says RBA Read More »
By Roushni Nair and Sneha Kumar (Reuters) – Australia’s Super Retail Group said on Tuesday it has dismissed Chief Executive Officer Anthony Heraghty with immediate effect over his inadequate disclosure of a relationship with a former employee. Heraghty failed to disclose a relationship with the company’s former human resources chief Jane Kelly, rendering his prior …
Australia’s Super Retail fires CEO Heraghty over breach of disclosure policy Read More »
By Marisa Taylor and Chris Prentice (Reuters) – The property tax authority in Ann Arbor, Michigan, said that Federal Reserve Governor Lisa Cook hasn’t broken rules for tax breaks on a home there that Cook declared her primary residence. The finding, which came in response to a Reuters request that the city review Cook’s property …
No evidence of primary residence violation by Fed Gov Lisa Cook, says Michigan official Read More »
By Hernan Nessi BUENOS AIRES (Reuters) -Argentina’s economy likely grew 6.5% year-on-year in the second quarter of 2025, posting a third consecutive quarter of expansion after a downturn in Q3 2024, according to the median forecast in a Reuters poll. The poll of 18 local and international analysts showed a similar mean forecast of 6.4% …
