News
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PBOC’s Lu: Central bank must issue special treasury bonds to help major state-owned banks
The People's Bank of China (PBOC) Deputy Governor Lu Lei suggested on Thursday that the Bank should actively facilitate fundraising, including the issuance of special treasury bonds, to help major state-owned banks replenish their Common Equity Tier 1 (CET1) capital.
Fxstreet
Thu, Feb 27
REFILE-California could bump fast-food minimum wage to $20.70
Refiles to correct typographical error in "meeting" in paragraph 3By Waylon CunninghamFeb 26 (Reuters) - One year after California introduced a first-of-its-kind $20 minimum wage for fast-food workers, an increase of up to 70 cents is slated for a vote.California's Fast Food Council, com...Reuters
Thu, Feb 27
China says Taiwan seeks to give away chip industry to US
Updates February 26 story to add TSMC declining to comment, paragraph 12 BEIJING, Feb 26 (Reuters) - China said on Wednesday that Taiwan was seeking to give away the island's semiconductor industry to the United States as a "souvenir" and leverage it to seek political support from Was...Reuters
Thu, Feb 27
TREASURIES-US yields retreat as Trump may delay tariffs, after solid auction
Tariffs on Canada and Mexico imports postponed to AprilUS new home sales plungeFocus on GDP data due on Thursday, inflation on FridayGood demand in US seven-year note auction Rewrites throughout with yields down, adds Trump's new deadline for tariffs, analyst quote, auction resultBy Tatiana Baut...Reuters
Wed, Feb 26
New York Fed research flags new inflation vector from tariffs on China imports
Small-scale Chinese imports blunted tariffs in Trump's first term, NY Fed paper saysTrump has paused tariffs on small-value Chinese imports to USPaper says key is whether producers pass on impact of tariffs to consumersBy Michael S. Derby NEW YORK, Feb 26 (Reuters) - The U.S. economy could be...Reuters
Wed, Feb 26
Brazil's public debt falls in January, softer US trade stance flattens yield curve
Adds further details in paragraphs 2-4, context in paragraphs 5-6BRASILIA, Feb 26 (Reuters) - Brazil's federal public debt declined in January, marked by softer signals on U.S. trade policy under President Donald Trump that boosted emerging markets, pushing local interest rates futures lower and...Reuters
Wed, Feb 26
Part of US Treasury yield inverts for first time this year
Feb 26 (Reuters) - A part of the U.S. Treasury yield curve that is watched by some analysts as a possible recession indicator inverted for the first time since mid-December on Wednesday as concerns about U.S. economic growth and a more optimistic picture on longer-term debt issuance plans pull longe...Reuters
Wed, Feb 26
US Senate confirms Trump trade chief Greer ahead of Canada, Mexico tariffs
Veteran from Trump's first term set to help lead trade initiativesSet to take helm just days ahead of tariff deadlines for Mexico, CanadaGreer wants a USMCA renegotiation "right out of the gate"By David Lawder WASHINGTON, Feb 26 (Reuters) - A majority of the U.S. Senate on Wednesday v...Reuters
Wed, Feb 26
US President Donald Trump widens scope of tariffs, but pushes back timeline
US President Donald Trump hit markets with fresh tariff headlines on Wednesday, re-reiterating his insistence on 25% tariffs on Canada and Mexico, as well as adding the European Union to the mixed bad of countries that he will penalize US consumers for importing from.Fxstreet
Wed, Feb 26
WRAPUP 1-US new home sales tumble; median house price highest since 2022
New home sales drop 10.5% in JanuaryCold temperatures account for some of the sales declineMedian house price rises 3.7% to $446,300 from year agoNew housing inventory at highest level since late 2007 By Lucia Mutikani WASHINGTON, Feb 26 (Reuters) - Sales of new U.S. single-family homes fell more...Reuters
Wed, Feb 26
