By Gus Trompiz and Forrest Crellin PARIS (Reuters) – French maize crop conditions declined steeply last week to their lowest level in at least a decade, data from farm office FranceAgriMer showed, as a worsening drought and latest heatwave baked fields in the European Union’s top grain producer. An estimated 53% of French grain maize …
French maize crop rating tumbles as drought deepens Read More »
BUENOS AIRES (Reuters) -Argentina is planning to give tax and customs benefits to oil companies so they can boost production, the country’s new economy “superminister” said on Thursday. The move comes as the country seeks to turbo-charge investments in the Vaca Muerta shale formation, the world’s fourth-largest shale oil reserve and the second-largest for shale …
Argentina to give tax, customs benefits to oil companies Read More »
By Anthony Esposito and Isabel Woodford MEXICO CITY (Reuters) -The Bank of Mexico hiked its benchmark interest rate by three-quarters of a percentage point to a record 8.5% on Thursday, mirroring the U.S. Federal Reserve’s most recent policy decision as inflation surged to an over two-decade high. The five board members of Banxico, as the …
Bank of Mexico hikes rates to record 8.5%, moderates tone on future path Read More »
By Niket Nishant and Mehnaz Yasmin (Reuters) – U.S. startups seeking early-stage funding saw a decline in their valuations in the second quarter, as jittery venture capital investors urge founders to make more concessions. Easy fiscal policies and stimulus measures that led to an investment frenzy last year and sky-high startup valuations are now fading …
U.S. startup valuations contract as early-stage investors turn cautious Read More »
By Nichola Saminather TORONTO (Reuters) – Manulife Financial Corp saw the number of agents in its China and Vietnam businesses drop in the second quarter to the lowest since the fourth quarter of 2019, due to increased regulation and lingering pandemic challenges, contributing to a decline in sales in the key region. The number of …
Manulife agent numbers in China, Vietnam slide on pandemic challenges, regulation Read More »
By Fergal Smith TORONTO (Reuters) – Canada’s inverted yield curve is signaling the Bank of Canada may raise interest rates to a level that triggers a recession, placing the central bank in a tough spot as it aims to tame high inflation and engineer a “soft landing” for the economy. The yield on the Canadian …
Bank of Canada’s ‘soft landing’ scenario hits the rocks in bond market Read More »
MOSCOW (Reuters) – Russian law firm Rybalkin, Gortsunyan, Dyakin & Partners (RGD) plans to appeal to Euroclear clearing house to help unfreeze funds of investors in foreign securities that were tied up by Western sanctions against Russia, a RGD partner said. Following Russia’s move to dispatch thousands of troops to Ukraine on Feb. 24, the …
Russian law firm seeks to unfreeze funds tied up with Euroclear Read More »
By Saqib Iqbal Ahmed and Davide Barbuscia NEW YORK (Reuters) -Softer than expected U.S. inflation data buoyed investors’ faith that twin rebounds in stocks and bonds will persist in a year of deep losses for both asset classes. Bear markets in both have maximized losses in portfolios this year as rate hikes from the Federal …
Softer inflation ‘huge relief’ for battered investors in U.S. stocks and bonds Read More »
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly warned it is far too early for the U.S. central bank to “declare victory” in its fight against inflation, the Financial Times reported on Thursday. Daly’s remarks comes as U.S. consumer prices remained unchanged in July due to a sharp drop in the cost of gasoline, …
Fed’s Mary Daly says it’s too early to ‘declare victory’ over inflation – FT Read More »
A look at the day ahead in markets from Alun John Fed policymakers surged out of the traps last night, telling markets not to get too excited by the cooler-than-expected inflation reading, but to little avail. The Nasdaq closed up 20% from its June low, the dollar tumbled after the data, and even bitcoin – …
Marketmind: Fed doesn’t see enough swallows for summer Read More »
