HONG KONG (Reuters) -Hong Kong’s monthly home prices rose 0.4% in July for a fourth successive month in accelerated growth, government data showed on Wednesday, supported by warming sentiment on lower mortgage rates and better stock market performance. BY THE NUMBERS Private home prices edged up 0.4% in July over June, following a climb of …
Hong Kong July home prices grow faster, up 0.4% on month Read More »
By Promit Mukherjee OTTAWA, Aug 26 (Reuters) – The Bank of Canada will not review its inflation target when its monetary policy framework comes up for renewal next year, Governor Tiff Macklem said on Tuesday, saying the current target has helped anchor inflation expectations. The central bank and the finance ministry jointly review the target …
Bank of Canada Governor says bank will not review 2% inflation target next year Read More »
NEW YORK (Reuters) -Short interest on the Nasdaq rose 2.02% in mid-August, the exchange said on Tuesday. As of August 15, short interest rose to about 16.93 billion shares from 16.59 billion shares as of July 31. Investors who sell securities “short” borrow shares and then sell them, expecting the stock to fall so they …
Nasdaq short interest rose 2.02% in mid August from late July Read More »
By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) -Hungary’s central bank left its base rate steady at the European Union’s joint-highest 6.5% level on Tuesday for the eleventh successive month, as expected, and said tight policy was needed with inflation on track to exceed its tolerance range all year. All 21 analysts surveyed by Reuters …
Hungary holds base rate at 6.5% as inflation pressures persist Read More »
SAO PAULO (Reuters) -Brazil’s mid-month consumer price index posted its first drop in two years in August as electricity costs fell, official data showed on Tuesday, with the 12-month reading edging closer to the upper end of the central bank’s target range. Prices in Latin America’s largest economy fell 0.14% in the month to mid-August, …
Brazil’s mid-month inflation index posts first drop in two years Read More »
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) -The Philippine central bank is poised to cut its key interest rate by 25 basis points on Thursday to support economic growth, with subdued inflation giving it room to ease further, according to a Reuters poll of economists who expect at least one more reduction later this year. …
By Carolina Mandl NEW YORK (Reuters) -A U.S. appeals court ordered the Securities and Exchange Commission on Monday to assess the economic impact of President Joe Biden-era rules aimed at boosting transparency of short-sell trades, in a partial victory for hedge funds that brought the case. Hedge fund associations in December 2023 sued in the …
US appeals court orders SEC to review short-selling rules Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes eased on Monday after gaining on Friday when U.S. Federal Reserve Chair Jerome Powell indicated that a September interest rate cut was likely but not certain, while the dollar gained. The dollar fell last week following Powell’s remarks at the Fed’s annual symposium in Jackson Hole, …
Stocks decline after Friday’s jump, US dollar climbs Read More »
By Leila Miller and Rodrigo Campos BUENOS AIRES (Reuters) -Argentina’s international dollar bonds touched multi-month lows on Monday while stocks and the peso fell as corruption allegations threatened to embroil people close to President Javier Milei, whose economic policies have boosted financial markets. Local media published audio recordings last week in which a voice that …
Argentina’s financial markets tumble amid government corruption allegations Read More »
By Nikhil Sharma (Reuters) -Canada’s main stock index closed in the negative on Monday as investors get ready for a week of earnings from top domestic lenders. Despite U.S. Federal Reserve Chair Jerome Powell’s hints about interest rate cuts propelling the market to new heights in the previous session, investors remained cautious. At the end of Monday’s …
