Reuters US Economy

NEW YORK (Reuters) – Speculators’ net long positioning on the U.S. dollar slipped, after hitting their highest level since late November in the previous week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position drifted lower to $19.75 billion in the …

U.S. dollar net long bets slip, bitcoin futures surge-CFTC, Reuters data Read More »

By Maya Gebeily, Timour Azhari and Laila Bassam (Reuters) – Lebanon’s government foresees cancelling “a large part” of the central bank’s foreign currency obligations to commercial banks and dissolving non-viable banks by November, according to a financial recovery plan passed by the Cabinet on Friday. The document, seen by Reuters and verified as accurate by …

Lebanon recovery plan includes central bank debt write-off, haircuts to depositors Read More »

(Reuters) – The Russian government has instructed the finance ministry not to pay a dividend on 2021 results for common and preferred shares of Sberbank, the country’s largest lender, according to a government order published on Friday. It said the measures are aimed at providing stable lending to corporate clients and financial organisations. (Reporting by …

Russian government says no dividend for Sberbank on 2021 results Read More »

By Chen Aizhu and Florence Tan SINGAPORE (Reuters) – China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February. The move …

China quietly increases purchases of low-priced Russian oil Read More »

By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) – Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world’s biggest producer of the key edible oil reversed a ban on its export. President Joko Widodo’s government has made several reversals on palm oil policy since …

Indonesia to reimpose local palm oil sales rule as it ends export ban Read More »

By Jorgelina do Rosario LONDON (Reuters) – El Salvador lacks credibility in managing its finances and would benefit from a program with the International Monetary Fund, an official at ratings agency Moody’s said on Thursday. Ariane Ortiz-Bollin, vice president and senior credit officer at Moody’s, told Reuters the Salvadoran economy is doing relatively well and …

El Salvador’s credibility would benefit from IMF deal – Moody’s Read More »

By Marc Jones LONDON (Reuters) – A new study by the central bank to the world’s central banks, the Bank of International Settlements (BIS), has called for urgent action to tackle rising wealth inequality, warning the problem was feeding a dangerous loop of recessions and poverty. While government policies have largely been blamed for the …

Rising inequality now an urgent matter, BIS central bank group warns Read More »

By Christian Kraemer and Leigh Thomas KOENIGSWINTER, Germany (Reuters) -Group of Seven financial leaders are likely to agree on Thursday and Friday to help Ukraine pay its bills in coming months, but surging inflation, climate change, supply chains and the impending food crisis are also on the agenda. Finance ministers and central bank governors of …

Money for Ukraine tops G7 agenda; inflation, food a concern Read More »

A look at the day ahead from Danilo Masoni. Traders have sold the latest rally, and savagely, tipping world equities back on the brink of confirming a bear market pattern. And the fear behind the rout is that the support which strong earnings have provided so far against pressure from rising rates is starting to …

Marketmind: Which earnings to the rescue? Read More »