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Bank of Mexico sees temporary inflation hit from new tariffs, taxes
By Sarah Morland and Raul Cortes MEXICO CITY, Feb 19 (Reuters) - Most of the members of the Bank of Mexico's governing board said their higher inflation forecasts factored in the anticipated impact of taxes on sugary beverages and tariffs on imports from China, according to the minutes from t...Reuters
Thu, Feb 19
WRAPUP 2-US trade deficit swells in December as imports surge; labor market holding steady
Trade deficit widens 32.6% to $70.3 billion in DecemberGoods imports increase 3.8%; exports decline 2.9%Weekly jobless claims fall 23,000 to 206,000Continuing claims rise 17,000 to 1.869 millionBy Lucia MutikaniWASHINGTON, Feb 19 (Reuters) - The U.S. trade deficit widened sharply in December amid a ...Reuters
Thu, Feb 19
Restoring Lebanon's economic growth will require comprehensive reforms, IMF says
WASHINGTON, Feb 19 (Reuters) - Lebanon's economy has shown resilience despite conflicts in the region, with tourism fueling a bit of a rebound, but restoring growth will require comprehensive reforms, the International Monetary Fund said on Thursday.IMF spokeswoman Julie Kozack said the global l...Reuters
Thu, Feb 19
ECB fines JPMorgan 12.2 mln euros for misreporting capital requirements
FRANKFURT, Feb 19 (Reuters) - The European Central Bank fined JPMorgan's European arm 12.18 million euros ($14.32 million) for misreporting capital requirements after it wrongly calculated risk-weighted assets, the ECB said in a statement on Thursday."Between 2019 and 2024, the bank reporte...Reuters
Thu, Feb 19
US crude and fuel stocks fall, EIA says
HOUSTON, Feb 19 - U.S. crude, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday.Crude inventories fell by 9 million barrels to 419.8 million barrels in the week ended February 13, the EIA said, compared with analysts' expectations in a Reu...Reuters
Thu, Feb 19
Restoring economic growth in Lebanon will require comprehensive reforms, IMF says
WASHINGTON, Feb 19 (Reuters) - Lebanon's economy has shown resilience despite conflicts in the region, with tourism fueling a bit of a rebound, but restoring growth will require comprehensive reforms, the International Monetary Fund said on Thursday.IMF spokeswoman Julie Kozack said the IMF rema...Reuters
Thu, Feb 19
PLN: Coalition split sustains political risk – Commerzbank
Commerzbank’s Tatha Ghose argues that recent fragmentation in Poland’s ruling coalition reinforces domestic political risk as a key drag on the Zloty. Despite assurances from Prime Minister Tusk about government stability and a “stable zloty,” the currency has underperformed peers.
Fxstreet
Thu, Feb 19
Fed's Kashkari: Hassett comments about Fed researchers represent another attack on independence
Kashkari criticizes Hassett's comments as undermining Fed independenceFed's independence challenged by Trump administration actionsPolitical pressure complicates Fed chair nomination process WASHINGTON, Feb 19 (Reuters) - The call by a top Trump administration official for New York Federa...Reuters
Thu, Feb 19
Euro zone yields inch higher; US data, Middle East tensions in focus
Euro zone bond yields edge higherInvestors weigh US-Iran tensions Markets pricing in a less than 50% chance of an ECB rate cut this yearBy Stefano Rebaudo Feb 19 (Reuters) - Euro zone government bond yields inched higher on Thursday, staying close to their multi‑month lows and echoing moves in U....Reuters
Thu, Feb 19
IMF board to review staff-level $8.1 bln agreement for Ukraine in coming days
WASHINGTON, Feb 19 (Reuters) - The International Monetary Fund on Thursday said its board would review a staff-level agreement for a new $8.1 billion lending program for Ukraine in coming days.IMF spokeswoman Jule Kozack told reporters that Ukrainian authorities had completed the prior actions neede...Reuters
Thu, Feb 19
Canada's global trade gap narrows; US-bound exports hit new low
StatsCan said Canada posted C$1.31 billion deficit in DecemberShare of exports to US at 67.4%, lowest outside of pandemicExports to countries other than the US reached all-time high For full year, exports to countries other than U.S. up 17%By Promit MukherjeeOTTAWA, Feb 19 (Reuters) - Canada's t...Reuters
Thu, Feb 19
Bank of Mexico sees short-term inflationary impact of new taxes
MEXICO CITY, Feb 19 (Reuters) - Most of Bank of Mexico's governing board expects the inflationary impacts of new taxes on sugary drinks and other products to be relatively short-term, minutes of the bank's February monetary policy meeting showed on Thursday.Reuters
Thu, Feb 19
Fed’s Kashkari: Crypto is 'utterly useless'
Neel Kashkari, Federal Reserve (Fed) President of the Bank of Minneapolis, said that the labor market has remained pretty resilient and that he believes AI could boost productivity in the next five to ten years, according to Reuters on Thursday.Fxstreet
Thu, Feb 19
TREASURIES-US Treasury yields edge up as traders anticipate Fed policy
Fed minutes show hawkish stance on potential rate hikesTreasury yields have traded in an expanding rangeUnemployment claims fall, trade deficit widens in DecemberBy Karen Brettell NEW YORK, Feb 19 (Reuters) - U.S. Treasury yields rose on Thursday but held near the lower end of their recent range ...Reuters
Thu, Feb 19
