By Davide Barbuscia NEW YORK (Reuters) – A rally in U.S. credit markets after the U.S. Federal Reserve started hiking rates last month was short-lived and some corporate bonds hit new lows on Monday amid rising bond yields and concerns over the economic outlook. BlackRock’s iShares iBoxx $ High Yield Corporate Bond ETF – an …
U.S. credit markets back on downward path as Fed weighs on risk assets Read More »
WASHINGTON (Reuters) – U.S. consumer prices likely increased by the most in 16-1/2 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, resulting in annual inflation rising at its fastest pace since the early 1980s. The Labor Department’s consumer price report on Tuesday would seal the case for …
Gasoline seen boosting U.S. consumer prices in March Read More »
Two central banks in countries at opposite ends of the Pacific Ocean meet on Wednesday and could deliver the first half-point interest rate rises in any developed nation of this cycle. Also on Wednesday the U.S. Fed, expected to follow Canada and New Zealand’s lead in May, gets March inflation data. The following day the …
Take Five: The French election and the high cost of war Read More »
By Asha Sistla (Reuters) – Gold prices slipped in range-bound trading on Monday as surging Treasury yields boosted the dollar and countered fresh concerns about the war in Ukraine, while palladium extended gains fuelled by London’s decision to block trading of the metal from Russia. Spot gold was down 0.2% at $1,941.95 per ounce, as …
Gold slips as rising Treasury yields bolster dollar Read More »
By Patrick Werr (Reuters) -Egypt’s annual urban consumer price inflation accelerated in March to 10.5%, its highest in nearly three years and faster than analysts had expected, data from the state statistics agency CAPMAS showed on Sunday. The inflation figure, up from 8.8% in February, was greater than a median forecast of 10% in a …
Egypt’s urban inflation accelerates to 10.5% in March Read More »
By Hyonhee Shin and Cynthia Kim SEOUL (Reuters) -South Korea’s incoming President Yoon Suk-yeol on Sunday named Choo Kyung-ho to be deputy prime minister and finance minister, as the country seeks to tackle surging inflation, household debt and demand for welfare. Yoon, who takes office on May 10, announced eight cabinet minister nominations, including defence, …
S.Korea’s president-elect nominates conservative lawmaker as finance chief Read More »
By Chibuike Oguh (Reuters) – GTCR LLC and Clayton, Dubilier & Rice (CD&R) are among private equity firms that have expressed interest in acquiring U.S. medical device manufacturer Merit Medical Systems Inc, according to people familiar with the matter. GTCR has informed Merit Medical it would be willing to pay $72 to $75 per share, …
Exclusive-Buyout firms GTCR, CD&R circle Merit Medical -sources Read More »
By David Randall NEW YORK (Reuters) – Some investors are looking for bargains in beaten-down growth and tech stocks, betting they will shine as the Federal Reserve fights to slow the US economy and tame red-hot inflation. Growth stocks – which have trounced their valued-focused peers over the last decade – have borne the brunt …
Beaten-down growth stocks alluring as Fed slows U.S. economy Read More »
By Seher and Dareen (Reuters) – Palladium rose 11% on Friday on renewed supply concerns after trading in the metal from Russian refineries was suspended in London over Moscow’s invasion of Ukraine. Palladium, used by automakers in catalytic converters to curb emissions, rose 7.8% to hit its highest since March 25 following the announcement by …
Palladium jumps 11% as London market blocks sale from Russian refineries Read More »
By Anthony Esposito MEXICO CITY (Reuters) – Central banks from Brazil to Chile may be forced to dole out more monetary “medicine” than expected as inflation in the region continue to surge, defying sharp interest rate hikes and spurring discontent over rising food and fuel prices. Brazil’s monthly inflation has surged beyond forecasts to the …
Analysis: Surging Latam inflation spells more ‘monetary medication’ ahead Read More »
