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RBNZ says large banks well placed to withstand solvency, liquidity impact of severe scenario
The Reserve Bank of New Zealand (RBNZ) published its 2025 bank stress test results, saying that the country's five largest banks are well placed to withstand the solvency and liquidity impact of a severe scenario caused by worsening geopolitical risks.
Fxstreet
Sun, Nov 2
Westpac profit dips as costs bite but beats estimates as credit quality improves
Nov 3 (Reuters) - Australia's Westpac WBC.AX reported a 2% fall in annual profit on Monday but beat analyst estimates, as better-than-expected credit quality and stronger non-interest income offset rising costs and margin pressures from intense competition.Annual operating expenses rose 9% to A$...Reuters
Sun, Nov 2
RPT-Australia's home prices surge by most in over two years in October
SYDNEY, Nov 3 (Reuters) - Australian home prices jumped by the most in more than two years in October as rate cuts and government policies fuelled buyer demand, data from Cotality showed on Monday, while rents also increased.That added to signs financial conditions might not be as tight as thought a...Reuters
Sun, Nov 2
Bessent says high US interest rates may have caused housing recession
Bessent says high interest rates put housing sector into recessionFederal Reserve should cut interest rates faster, Bessent saysLow-end consumers hit hardest by high mortgage rates, Treasury secretary saysBy Andrea Shalal Nov 2 (Reuters) - Parts of the U.S. economy, particularly housing, may alre...Reuters
Sun, Nov 2
Australia's home prices surge by most in over two years in October
SYDNEY, Nov 3 (Reuters) - Australian home prices jumped by the most in more than two years in October as rate cuts and government policies fuelled buyer demand, data from Cotality showed on Monday, while rents also increased.That added to signs financial conditions might not be as tight as thought a...Reuters
Sun, Nov 2
France new car registrations up 2.94% in October, industry body says
Nov 1 (Reuters) - New car registrations in France rose 2.94% in October from a year earlier to 139,513 vehicles, data from French car body PFA showed on Saturday.Tesla TSLA.O sales in the country climbed 2.35% to 1,782 vehicles last month. Since the start of the year, Tesla's sales have slumped ...Reuters
Sat, Nov 1
Angola turns to local markets as debt costs swallow nearly half of 2026 budget
By Miguel Gomes and Colleen GokoLUANDA, Oct 31 (Reuters) - Angola plans to spend almost half of its 2026 budget on debt payments, underscoring how rising servicing costs are squeezing fiscal space across Africa and forcing governments to rely more on domestic markets for funding.The finance ministry...Reuters
Fri, Oct 31
TREASURIES-US yields end week with steep rise amid uncertain rate outlook
Fed's data dependency affects rate cut expectationsDissent within FOMC surprises markets, affects rate outlookMarkets will follow ADP, Revelio Labs, ISM data next weekBy Tatiana Bautzer NEW YORK, Oct 31 (Reuters) - U.S. Treasury yields were narrowly mixed on Friday, but rose sharply for the w...Reuters
Fri, Oct 31
Fed needs to keep cutting rates, Waller says
Oct 31 (Reuters) - The Federal Reserve should cut the policy rate again in December, Fed Governor Christopher Waller said on Friday, given weakness in the labor market that's clear in the data, despite the lack of official economic data during the government shutdown."We know inflation is go...Reuters
Fri, Oct 31
POLL-Mexico's central bank likely to cut key interest rate next week
MEXICO CITY, Oct 31 (Reuters) - Mexico's central bank is likely to again cut its benchmark interest rate next week amid slowing inflation and a weak economy, a Reuters poll showed on Friday.According to the survey, 24 of 25 economic analysts expect the country's financial authority to lower ...Reuters
Fri, Oct 31
Fed's Hammack open to reforming central bank interest rate target
NEW YORK, Oct 31 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Friday she’s open to reforming the interest rate target used by the Fed to implement monetary policy.Citing dramatic changes in the structure of money markets, Hammack said she was open to considering moving a...Reuters
Fri, Oct 31
Fed's Bostic says a December rate cut is not assured
NEW YORK, Oct 31 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said Friday a December rate cut is not locked in.When it comes to the monetary policy outlook, “I'm going to say every meeting is live, we're not on a preset course, we're going to let the information g...Reuters
Fri, Oct 31
