By Junko Fujita TOKYO (Reuters) -The Bank of Japan on Wednesday boosted efforts to defend its yield target, making a fresh offer to buy an unlimited amount of the 10-year bonds for four consecutive sessions. The move comes as the yield on the 10-year JGB remained at 0.25%, the upper limit of its target of …
Bank of Japan boosts defense of yield target, offers to buy debt for four days Read More »
(Reuters) – A walkout by officials from the United States, Britain and Canada over Russia’s participation in a meeting of finance officials from the world’s 20 biggest economies did not derail the meeting’s focus on finding common ground to address headwinds confronting global growth, the body’s chair said on Wednesday. Indonesia Finance Minister Sri Mulyani …
Walkout by U.S., others did not derail G20 meeting’s focus, Indonesia’s Indrawati says Read More »
By Andrea Shalal, David Milliken and David Lawder WASHINGTON/LONDON (Reuters) -Top finance officials from Britain, the United States and Canada walked out of Wednesday’s G20 meeting as Russian representatives spoke, UK finance minister Rishi Sunak said, exposing deepening divisions over Russia’s continued presence in the body. Ukrainian officials in attendance also walked out of the …
Yellen, BoE’s Bailey, Canada’s Freeland walk out of G20 meeting as Russians speak Read More »
By Lindsay Dunsmuir and Ann Saphir (Reuters) -The U.S. economy expanded at a moderate pace from mid February through early April and there was little respite for businesses from high inflation and worker shortages, a Federal Reserve report showed on Wednesday. The latest anecdotal evidence from U.S. firms paints a picture of an economy which …
U.S. firms beset by worker shortages and high inflation, Fed survey shows Read More »
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday urged the World Bank to develop “clear and ambitious targets” for climate adaptation and the global energy transition, underscoring the importance of such efforts for reaching a net-zero energy future. In a statement to the joint steering committee for the International Monetary Fund and World …
Yellen urges World Bank to develop ‘clear and ambitious’ climate targets Read More »
MEXICO CITY (Reuters) – Mexican inflation likely slowed very slightly during the first half of April, but remained well above the central bank’s target, a Reuters poll showed on Wednesday, reinforcing bets the monetary authority will continue raising interest rates. The median forecast of 10 analysts surveyed was for inflation to reach 7.60%, marginally down …
Mexico headline inflation seen staying high in early April – Reuters poll Read More »
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said she believes the case for a half-percentage-point interest rate hike next month is “complete” and “solid,” with the U.S. central bank’s rate hike path this year broadly seen as appropriate in the face of high inflation. With the Fed set to raise its …
Fed’s Daly: Case for half-percentage-point hike in May is ‘complete’ Read More »
BERLIN (Reuters) -German producer prices rose 30.9% on the year in March, reflecting the effects of the war in Ukraine for the first time, data from the Federal Statistics Office showed on Wednesday. March’s figures mark six consecutive months of increasingly steeper increases, mainly due to rising energy prices, according to the statistics office. “These …
German producer prices at record high amid Ukraine war Read More »
A look at the day ahead in markets from Julien Ponthus. Many recent trends seem to be accelerating across financial markets this morning with notably the dollar climbing to a fresh two-decade peak against the yen while benchmark 10-year Treasury yields are now a whisker from 3%. The rhetoric from U.S. Federal Reserve officials is …
WASHINGTON (Reuters) – The potential for a global economic slowdown is reason for the Fed “to be cautious” as it raises interest rates in coming months, Atlanta Fed president Raphael Bostic said in comments Tuesday to CNBC. “I don’t think it is easy to know for sure how strong the economy is going to continue …
Fed’s Bostic says slowing global growth a reason for Fed to be “cautious” – CNBC Read More »
