(Reuters) -China has removed a three-year restriction on imports of Canadian canola seed, Canadian officials said in a statement on Wednesday that didn’t provide a reason for the lifting of curbs, but trade is likely to be limited by low stocks and high prices. China, the world’s top oilseed buyer, suspended two Canadian canola exporters …
China lifts curbs on Canadian canola, demand seen muted Read More »
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s government on Thursday promised to spend more than NZ$1 billion ($630 million) to help people cope with inflation that has reached three-decade highs in the Pacific nation. The public deficit for the current financial year, ending on June 30, will be narrower than previously forecast but a return …
New Zealand government forecasts narrower deficit for 2021/22 Read More »
By David Lawder BONN, Germany (Reuters) -The United States does not have legal authority to seize Russian central bank assets frozen due to its invasion of Ukraine, Treasury Secretary Janet Yellen said on Wednesday, but talks with U.S. partners over ways to make Russia foot the bill for Ukraine’s post-war reconstruction are starting. Yellen also …
Yellen: Not legal for U.S. to seize Russian official assets Read More »
By David Lawder BONN, Germany (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday confirmed she is advocating within the Biden administration for eliminating some tariffs on Chinese imports that “aren’t very strategic” but are hurting U.S. consumers and businesses. Yellen told a press conference ahead of a G7 finance ministers and central bank governors’ …
Yellen confirms she is pressing Biden for some China tariff reductions Read More »
By Sinéad Carew (Reuters) – Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession now on the horizon in its base case scenario for the end of 2022 and early 2023, making it one of the more bearish big U.S. banks. Goldman Sachs, by comparison, recently calculated …
Wells Fargo sees end-of-year U.S. recession, cuts GDP view Read More »
By Lindsay Dunsmuir and Pete Schroeder (Reuters) – U.S. Federal Reserve nominee Michael Barr, nominated by Democratic President Joe Biden to be the central bank’s Wall Street cop, said on Wednesday that he is committed to bringing inflation back down to 2%. “Inflation is running far too high, affecting communities all across our country. I …
Fed nominee Barr says he’s committed to bringing down inflation Read More »
A look at the day ahead in markets from Julien Ponthus. One might think that with CNN’s popular gauge of investor sentiment stuck on ‘extreme fear’, it would take some seriously good news to lift up markets these days. But all it took yesterday was a whiff of COVID-19 optimism from China and decent U.S. …
By Steve Holland WASHINGTON (Reuters) -The United States is considering blocking Russia’s ability to pay its U.S. bondholders by allowing a key waiver to expire next week, a U.S. administration official said on Tuesday, which could put Moscow closer to the brink of default. Russia has so far managed to make its international bond payments …
U.S. considering move to block Russian debt payments -Treasury Read More »
(Reuters) – Slovak Finance Minister Igor Matovic said on Tuesday he would propose a special tax on Russian crude processed in the country, clashing with a government coalition partner as he seeks to raise budget revenue for the state’s anti-inflation measures. The proposal comes as European Union states also seek agreement on a tougher set …
Slovak finance minister sets up battle with proposed tax on Russian oil processing Read More »
By Sinéad Carew (Reuters) – Shares in consumer discretionary and staples stocks were trading in opposite directions on Tuesday as encouraging retail sales data was countered by disappointing earnings and financial targets from Walmart, which blamed high inflation. Walmart shares closed down 11.4% after it reported a 25% quarterly earnings decline and cut its full-year …
Consumer stocks diverge as Walmart disappoints, citing inflation Read More »
