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US Treasury's Bessent extends measures to avoid debt ceiling breach
Treasury extends debt ceiling measures until July 24Bessent urges Congress to act before August recessDebt ceiling 'X-date' may change due to tariff court rulingsBy David Lawder WASHINGTON, June 25 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday extended the department'...Reuters
Thu, Jun 26
European corporate distress index rises to nine-month high, Weil index shows
By Lucy Raitano LONDON, June 26 (Reuters) - Corporate distress levels in Europe rose to a nine-month high in the three months to the end of May, an index compiled by law firm Weil, Gotshal & Manges shows, driven by an uncertain economic outlook hampered by U.S. trade and geopolitical risks. T...Reuters
Wed, Jun 25
China's collateral demands curbing emerging countries' ability to manage finances, study shows
Study finds almost half of lending is secured with cash depositsPractice curbs borrower nations' ability to create fiscal spaceIt also complicates debt restructuring processes in defaultsIMF, World Bank expressed concerns in 2023 By Duncan Miriri NAIROBI, June 26 (Reuters) - China's pract...Reuters
Wed, Jun 25
TREASURIES-US yields ease as markets consider rate cut timing, tepid auction demand
By Tatiana Bautzer NEW YORK, June 25 (Reuters) - Yields on benchmark U.S. Treasuries were slightly lower on Wednesday afternoon, as oil prices rose and markets assessed the timing of potential interest rate cuts. Yields on the longer-term Treasuries rose during the day, but receded in aftern...Reuters
Wed, Jun 25
Powell says Fed needs to manage against risk that tariff inflation proves persistent
Powell says one-off impact no guaranteePowell says Fed needs to manage inflation risk2018 tariffs were smaller, not a current guideBy Howard Schneider and Ann Saphir WASHINGTON, June 25 (Reuters) - The Trump administration's tariff plans may well just cause a one-time jump in prices, but ...Reuters
Wed, Jun 25
Republicans dangle reprieve from tax retaliation as Trump bill heads toward votes
House Ways and Means Chair Smith open to removing Section 899White House adviser Hassett cites digital service taxes as a concernBy David Morgan WASHINGTON, June 25 (Reuters) - A tax proposal that would enable U.S. President Donald Trump to retaliate against countries that impose taxes that he co...Reuters
Wed, Jun 25
Powell calls reports of lavish Fed building renovations inaccurate
Powell acknowledges cost overrun of key renovationsSenator Scott cites "luxury upgrades"Eccles building constructed between 1935 and 1937By Michael S. Derby NEW YORK, June 25 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday pushed back against reports the central bank was spen...Reuters
Wed, Jun 25
Fed proposes easing capitalization requirements despite internal opposition
The Federal Reserve (Fed) announced a proposal to lower leverage ratios for major banks on Wednesday, drawing some criticism from Fed policymakers who intend to oppose the rule changes if and when they take place.Fxstreet
Wed, Jun 25
Fed hawks and doves: what US central bankers are saying
June 25 (Reuters) - U.S. central bankers left short-term borrowing costs unchanged at their June 17-18 meeting to keep downward pressure on inflation as they wait to see how President Donald Trump 's trade and other policies affect prices and employment. Here is a look at Fed...Reuters
Wed, Jun 25
PIMCO sees rate cuts leading next market rescue amid fiscal constraints
By Davide Barbuscia NEW YORK, June 25 (Reuters) - Efforts to battle future economic downturns are likely to lean more on central banks slashing interest rates than on fiscal lifelines, as high global public debt in developed markets limits governments' ability to spend, said U.S. bond giant P...Reuters
Wed, Jun 25
Comparing US Iran strike to Hiroshima, Trump plays down intelligence report
Trump says Iranian nuclear program set back decadesReport says strikes did not destroy nuclear capabilityHegseth says FBI investigating leakBy Jeff Mason and Gram Slattery THE HAGUE, June 25 (Reuters) - U.S. President Donald Trump compared the impact of American strikes on Iranian nuclear sites t...Reuters
Wed, Jun 25
WRAPUP 1-New home sales fall to seven-month low in May; supply increases
Sales of new homes fall 13.7% in May, biggest drop since June 2022New housing inventory highest since late 2007Median new house price increases 3.0% to $426,600 from year agoBy Lucia Mutikani WASHINGTON, June 25 (Reuters) - Sales of new U.S. single-family homes fell by the most in nearly three ye...Reuters
Wed, Jun 25
