JOHANNESBURG (Reuters) – South Africa’s economic recovery remains fragile and growth is expected to hold below 2% in the medium term because of policy uncertainty, high public debt and constraints to investment, the International Monetary Fund (IMF) said on Friday. In a statement issued at the end of discussions with South Africa, the IMF said …
South African economic recovery deemed fragile by IMF Read More »
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) – Sri Lanka’s foreign exchange reserves are plummeting, essential imports are stalling and opposition leaders and some experts warn that time is running out to avoid a sovereign default that would further upend the economy. But Finance Minister Basil Rajapaksa is focused on helping the domestic economy …
Sri Lanka says it won’t rush to IMF despite rising economic risks Read More »
LONDON (Reuters) – Investors shoveled money into equities and yanked funds out of bonds and cash as inflows into equity markets showed no signs of slowing despite huge equity market volatility, BofA’s weekly flow show report showed on Friday. On a weekly basis, global equities saw $46.6 billion of inflows while investors pulled $10.5 billion …
Stocks see large inflows as bonds, cash suffer – BoFA Read More »
HONG KONG (Reuters) -Goldman Sachs said it expects seven 25 basis point interest rate rises from the U.S. Federal Reserve this year, up from its previous forecast of five and updating its forecast after Thursday’s U.S. inflation data. U.S. consumer prices surged 7.5% last month on a year-over-year basis, topping economists’ estimates of 7.3% and …
Goldman ups Fed hike forecast to 7 rate increases in 2022 after CPI data Read More »
BUCHAREST (Reuters) -Romania’s central bank has raised its inflation forecast for this year, citing higher energy prices that it cannot control, its quarterly inflation report showed on Friday. The bank now expects annual inflation to reach 9.6% in December, driven primarily by energy, a big jump from the 5.9% it had forecast in November. Inflation …
Romania’s central bank sees annual inflation near 10% by year-end Read More »
By Orathai Sriring and Satawasin Staporncharnchai BANGKOK (Reuters) – Thailand’s headline inflation rate is expected to top the central bank’s forecast of 1.7% this year, but should remain within its target range, central bank officials said on Friday. Inflation would exceed the Bank of Thailand (BOT)’s target range of 1-3% in early 2022 before falling …
Thai central bank sees inflation easing in H2, limited impact from U.S. tightening Read More »
By Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s economy returned to growth in the fourth quarter last year with the central bank expecting the recovery to continue this year despite risks of further disruptions caused by the coronavirus pandemic. Gross domestic product rose 3.6% in the October-December period, Bank Negara Malaysia …
Malaysian economy swings back to growth but pandemic risks remain Read More »
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican investment platform Flink will begin operating in Colombia in June or July as part of its Latin America expansion plan, Chief Executive Sergio Jimenez said on Thursday. The platform, which enables subscribers to invest in fractions of shares of U.S. listed companies, will also add Mexican debt …
Mexican investment platform Flink to expand to Colombia this year Read More »
By Noel Randewich and Bansari Mayur Kamdar (Reuters) – Wall Street ended sharply lower on Thursday after U.S. consumer prices data came in hotter than expected and subsequent comments from a Federal Reserve official raised fears the U.S. central bank will hike rates aggressively to fight inflation. U.S. Labor Department data showed consumer prices surged …
Wall Street ends down sharply on fears of aggressive Fed rate hikes Read More »
By Andrea Shalal and CAITLIN Webber WASHINGTON (Reuters) -The United States is seeking the first-ever consultations with Mexico over its environmental obligations under the U.S.-Mexico-Canada trade agreement, including protection of the critically endangered vaquita porpoise, U.S. trade officials said Thursday. The formal talks – which could ultimately result in trade sanctions – will also focus …
U.S. seeks trade talks with Mexico over endangered vaquita porpoise Read More »
