(Reuters) -The Russian rouble on Friday hit its strongest level against the euro since June 2020 after an unexpected central bank rate cut, but soon reversed gains and ended the day in the red, while stocks fell after the U.S. Congress voted to ban Russian oil. The central bank cut its key interest rate to …
Rouble falls after rallying, stocks down on new U.S. sanctions Read More »
A look at the day ahead in markets from Tommy Wilkes. Barring a last-minute rebound, global stock markets will end this week lower — for European stocks that’s the first weekly drop in four — with investors getting nervous about the speed at which central banks will tackle inflation. While government bond yields have been …
By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s rare reappointment of a veteran technocrat behind the country’s massive monetary stimulus positions the bank for an eventual exit from governor Haruhiko Kuroda’s radical policies when his term ends next year. Having spent most of his career at the BOJ’s elite monetary affairs department, Shinichi …
Analysis-BOJ’s bet on career pragmatist sets bank up for post-Kuroda era Read More »
By Devayani Sathyan and Vivek Mishra BENGALURU (Reuters) – New Zealand’s central bank will opt for a modest 25 basis point interest rate rise on April 13, but is set to raise by slightly more this year as a whole than previously thought to head off rapidly-rising inflation, a Reuters poll of economists found. The …
RBNZ to raise rates by 25 bps on April 13, some call for 50- Reuters poll Read More »
By Julie Gordon and Steve Scherer OTTAWA (Reuters) – Canada’s Liberals put red-hot real estate markets squarely in their sights on Thursday, laying out a budget geared at boosting housing affordability amid soaring inflation, while promising modest new spending to encourage medium-term growth. The 2022 budget set out C$9.5 billion ($7.5 billion) over five years …
Canada targets housing, banks in modest-spending budget Read More »
By Timour Azhari, Enas Alashray and Tom Perry BEIRUT (Reuters) -The International Monetary Fund (IMF) said on Thursday it had reached a draft funding agreement with Lebanon – but that Beirut needed to enact a batch of economic reforms first before its board decided whether to approve the deal. An IMF deal is widely seen …
IMF, Lebanon reach draft funding deal, subject to reforms Read More »
By Silvia Aloisi and Pavel Polityuk LVIV, Ukraine(Reuters) – In western Ukraine, some 1,100 train wagons carrying grain are stuck near the main rail border crossing with Poland, unable to transport their cargo abroad. They are just some of the 24,190 wagons carrying various goods for export, including vegetable oil, iron ore, metals, chemicals and …
Thousands of goods railcars stuck at Ukraine’s border as war hits exports Read More »
A look at the day ahead in markets from Dhara Ranasinghe. Financial markets finally appear to be waking up to the reality that the Federal Reserve will soon start taking the axe to its asset holdings in another aggressive step to put inflation back in its bottle. So in addition to the prospect of an …
By Leika Kihara TOKYO (Reuters) -The benefits of a weak yen outweigh the demerits for Japan’s export-oriented economy, central bank policymaker Asahi Noguchi said on Thursday, brushing aside the view the currency’s recent decline would hurt the economy by boosting import costs. Unlike other countries worried about surging inflation, Japan’s primary goal is to end …
BOJ policymaker emphasises benefits of weak yen to Japan’s economy Read More »
By Leika Kihara TOKYO (Reuters) – The proportion of Japanese households expecting prices to rise a year from now has hit a 14-year high, a central bank survey showed on Thursday, as inflationary pressures from rising raw material costs grew. The quarterly survey also showed more households felt worse off than three months ago as …
Japan households projecting higher inflation hits 14-year high Read More »
