(Reuters) – From HSBC and Volvo in Europe to Apple and McDonalds on Wall Street, first-quarter earnings are coming in thick and fast. But will they give lacklustre stock markets a lift? In France, a Marine Le Pen presidency looks unlikely. Then again, what seemed impossible in January may come to pass soon — a …
By Rodrigo Campos and Karin Strohecker NEW YORK/LONDON (Reuters) – As Russia teeters on the brink of a historic default, foreign investors in the country’s debt have few palatable options to recover their money: bet on costly legal action, trust bilateral agreements will stand, or sit on their hands. Foreign creditors would typically try to …
Analysis-As Russia faces potential default, investors weigh legal options Read More »
By Sujata Rao and Saikat Chatterjee LONDON (Reuters) – After huge rallies fed by blockbuster commodity price surges, the tide may be turning for currencies such as the Aussie dollar and Colombian peso as fears of a global growth slowdown take hold in markets. As inflation and higher borrowing costs crimp business and consumer spending, …
Analysis-Growth slowdown fears temper bullishness on commodity currencies Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -A half-point interest rate increase “will be on the table” when the Federal Reserve meets on May 3-4 to approve the next in what are expected to be a series of rate increases this year, Fed Chair Jerome Powell said Thursday in comments that pointed to an …
Fed’s Powell, half-point hike in view, completes hawkish pivot Read More »
WASHINGTON (Reuters) – Physical damage to Ukraine’s buildings and infrastructure from Russia’s invasion has reached roughly $60 billion and will rise further as the war continues, World Bank President David Malpass said on Thursday. Malpass told a World Bank conference on Ukraine’s financial assistance needs that the early estimate of “narrow” damage costs does not …
World Bank estimates Ukraine physical damage at roughly $60 billion so far Read More »
By Julie Gordon OTTAWA (Reuters) – Canada’s ruling Liberals are eyeing more measures to curb housing speculation after introducing a foreign buyer ban and heftier taxes on property flippers in their budget earlier this month, the housing minister said on Thursday. Minister Ahmed Hussen, asked about imposing further measures to slow investor activity such as …
Canada open to more measures to curb housing speculation, minister says Read More »
BEIJING (Reuters) -Chinese employees will henceforth be able to invest and supplement funds in their pension accounts, authorities said on Thursday, launching the country’s first private pension scheme as they tackle economic challenges linked to an ageing population. Employees can contribute up to 12,000 yuan ($1,860) per year to their pension fund under the new …
In milestone move, China launches private pension scheme Read More »
BERLIN (Reuters) – German exports to Russia slumped by 57.5% to 1.1 billion euros ($1.2 billion) in March because of sanctions imposed after the invasion of Ukraine, Germany’s Federal Statistical Office said on Thursday. That decline demoted Russia to Germany’s 12th-biggest export market outside the European Union, down from fifth in February. Russian troops invaded …
German exports to Russia slump by 57.5% in March Read More »
By Leika Kihara TOKYO (Reuters) -Japan explained to its G7 counterparts the yen’s recent “somewhat rapid” declines, finance minister Shunichi Suzuki said on Thursday, underscoring Tokyo’s growing alarm over the currency’s sharp fall to a two-decade low against the dollar. Suzuki did not comment on how the G7 finance leaders responded, saying only that the …
(Reuters) – A precipitous drop in the yen has investors wary that Japan intervenes in the open market to support the currency. [FRX/] It is more than a decade since Japan intervened directly in the foreign exchange market and more than two decades since it intervened to support its currency. Here is a timeline of …
History of Japan’s intervention in currency markets Read More »
