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Chinese banks stumble on Beijing's consumer lending push
Chinese banks saw a surge in consumer NPLs in 2024Regulators are now pushing them to lend even more to householdsBankers say they are struggling to find borrowersReticence risks undermining Beijing goal to boost consumer debtMakes policies to increase incomes more urgent-analysts BEIJING, July 11...Reuters
Fri, Jul 11
Philippines' president to discuss tariffs in Trump meeting this month, top diplomat says
Philippines' top diplomat says South China Sea code 'taking too long'Philippines hit by increased U.S. tariff, Marcos to raise with TrumpChina, ASEAN must try finish code of conduct talks in 2026, minister saysBy Danial Azhar KUALA LUMPUR, July 11 (Reuters) - Philippine President Ferd...Reuters
Fri, Jul 11
Fed's Waller reiterates data keeping July rate cut prospect alive
NEW YORK, July 10 (Reuters) - Federal Reserve Governor Christopher Waller reiterated his belief the central bank could cut interest rates at its policy meeting later this month. "We're just too tight and we could consider cutting the policy rate in July," Waller said at an event at the D...Reuters
Fri, Jul 11
Fed's Goolsbee: Buildings under renovation are not luxury - CNN
WASHINGTON, July 10 (Reuters) - Chicago Fed President Austan Goolsbee on Thursday pushed back on charges the central bank was involved in a "luxury" overhaul of its Washington D.C. headquarters."The Fed building is not a luxury building," Goosbee said on CNN's OutFront. "It&#...Reuters
Thu, Jul 10
Peru's central bank holds rate at 4.5% as expected
July 10 (Reuters) - Peru's central bank on Thursday held its benchmark interest rate at 4.5% for the second time in a row, as analysts had expected. The decision followed June data showing annual inflation in the Andean nation, the world's No. 3 copper producer, at 1.69%. The...Reuters
Thu, Jul 10
Brazil's monthly inflation slows, annual rate remains above target
SAO PAULO, July 10 (Reuters) - Brazil's monthly inflation slowed for the fourth time in a row in June, but the annual rate ticked up and remained well above the official goal, data showed on Thursday, prompting the central bank to release a letter to justify missing the target.Consumer prices as...Reuters
Thu, Jul 10
NFP's Pellen: Stockpiling, re-examination of escalation clauses amid new tariffs is complicating construction risk
By Isha Marathe July 9 - (The Insurer) - Property owners and contractors are stockpiling heavy equipment and materials like copper, complicating risk in the construction market as U.S. President Donald Trump announced a new round of tariffs this week, said Adrian Pellen, co-leader of NFP's c...Reuters
Thu, Jul 10
Fed's Daly says two rate cuts remain on the table for this year
By Michael S. DerbyNEW YORK, July 10 (Reuters) - Federal Reserve Bank of San Francisco President Mary Daly said on Thursday the time to cut rates is nearing, without saying when she believes that should happen. “I really am of the view that it’s time” to weigh the need to cut interest rates to ensur...Reuters
Thu, Jul 10
Fed's Daly notes some relieved tariffs not as high as first expected
NEW YORK, July 10 (Reuters) - Federal Reserve Bank of San Francisco President Mary Daly said Thursday she’s heard about some relief among her business contacts that tariffs have not been as large as they were when they were first announced. Daly, speaking at a Market News International event, also s...Reuters
Thu, Jul 10
TREASURIES-US yields edge higher as jobless claims fall
Jobless claims unexpectedly fell last weekTreasury sees solid demand for $22 billion 30-year auctionTraders continue to focus on tariff announcementsBy Karen Brettell July 10 (Reuters) - Benchmark 10-year U.S. Treasury yields edged higher on Thursday after data showed that jobless claims unex...Reuters
Thu, Jul 10
Fed's Daly acknowledges that waiting too long could see the Fed lag on rates
Federal Reserve (Fed) Bank of San Francisco President Mary Daly hit newswires on Thursday, following up earlier comments from fellow Fed policymaker Christopher Waller, but taking a more measured approach to discussing the potential for near-term Fed rate cuts.Fxstreet
Thu, Jul 10
Fed's balance sheet drawdown likely can continue for some time, Waller says
Waller says 'hypothetical' size of Fed balance sheet could be $5.8 trillionFed should re-weight toward shorter-duration securities at some point, he saysWaller eyes possible $2.7 trillion in reserves, versus current $3.3 trillionBy Michael S. Derby NEW YORK, July 10 (Reuters) - Federal Re...Reuters
Thu, Jul 10
Mexico central bank board signals smaller rate cuts amid sticky inflation, weak economy
Majority of bank's board open to gradual rate cuts Most governors see favorable medium-term inflation determinantsHeadline inflation eased in June but remains above targetDissenting governor Heath calls for prudenceBy Brendan O'BoyleMEXICO CITY, July 10 (Reuters) - Most of the Bank of Mexico...Reuters
Thu, Jul 10
Fed's Waller says stablecoins could lower payment prices
By Michael S. DerbyNEW YORK, July 10 (Reuters) - Federal Reserve Governor Christopher Waller said Thursday stablecoins will bolster competition in the payments system, and that that was a good thing. The rise of stablecoins will make many types of payments cheaper and faster, Waller said at an event...Reuters
Thu, Jul 10
IMF says new US tariffs keep trade uncertainty running high
By Andrea Shalal WASHINGTON, July 10 (Reuters) - The IMF said on Thursday it was closely monitoring the latest U.S. tariffs announcements, saying uncertainty about the global economic outlook remained high and urged countries to work constructively to facilitate a stable trade environment.The IMF...Reuters
Thu, Jul 10
Fed's Waller sees some ways to go in shrinking central bank's holdings
Waller says 'hypothetical' size of Fed balance sheet could be $5.8 trillionFed should re-weight toward shorter-duration securities at some point, he saysWaller eyes possible $2.7 trillion in reserves, versus current $3.3 trillionBy Michael S. DerbyNEW YORK, July 10 (Reuters) - Federal Reserv...Reuters
Thu, Jul 10
