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Fed's Bowman says new external review of Silicon Valley Bank failure underway
By Pete Schroeder NEW YORK, March 20 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that the U.S. central bank is taking another look at what went wrong with Silicon Valley Bank three years ago.“What happened there was really a failure of supervision and a fail...Reuters
Fri, Mar 20
Canada's retail sales up 1.1% in January, boosted by auto sales
By Promit MukherjeeOTTAWA, March 20 (Reuters) - Canada's retail sales were up 1.1% in January on a month-over-month basis to C$69.65 billion ($50.81 billion) led by higher sales at motor vehicles and parts dealers, Statistics Canada said on Friday. In December, retail sales fell 0.4% on a monthl...Reuters
Fri, Mar 20
Fed's Waller says was planning to call for rate cut until oil shock raised inflation risks - CNBC
WASHINGTON, March 20 (Reuters) - U.S. Federal Reserve Governor Christopher Waller said he was planning to dissent in favor of a rate cut at this week's meeting of the central bank because of unexpected job losses in February, but a developing oil shock and the threat of more persistent inflation...Reuters
Fri, Mar 20
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% higher at C$1.3714 to the greenback, or 72.92 U.S. cents, after trading in a range of 1.37 to 1.3742.Canadian government 10-year bond yields CA10YT=R...Reuters
Fri, Mar 20
Fed's Bowman: Fed has launched new external review of Silicon Valley Bank failure- Fox Business Network
NEW YORK, March 20 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that the U.S. central bank is taking another look at what went wrong with Silicon Valley Bank three years ago.“What happened there was really a failure of supervision and a failure of bank managemen...Reuters
Fri, Mar 20
Fed's Bowman says penciled in three rate cuts for year - Fox Business Network
NEW YORK, March 20 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday she sees a series of interest rate cuts happening this year amid concerns about labor market softness.“I'm still concerned about...the job market,” Bowman said in an interview on the Fox Busines...Reuters
Fri, Mar 20
Spain's cabinet passes $5.8 billion economic support package to counter Iran war impact
March 20 (Reuters) - Spain's cabinet has approved 80 measures split into two packages that will cost 5 billion euros ($5.79 billion) to counter the economic effects of the Middle East conflict, Prime Minister Pedro Sanchez said on Friday.The measures, which require approval by Congress, include...Reuters
Fri, Mar 20
REFILE-Spain extends rental contracts, caps businesses' profits to curb impact of Middle East war, minister says
MADRID, March 20 (Reuters) - Spain's cabinet will impose controls on business profit margins and extended rental contracts as part of a package of economic measures to counter the impact of the war in the Middle East, Labour Minister Yolanda Diaz said in a post on X on Friday.Reuters
Fri, Mar 20
Mexico's economy up 1.2% y/y in February, preliminary estimate shows
MEXICO CITY, March 20 (Reuters) - Mexico's economy likely expanded 1.2% in February from the same month a year earlier, a preliminary estimate from national statistics agency INEGI showed on Friday.Compared with the previous month, activity was likely up 0.1%, the agency added.Reuters
Fri, Mar 20
RPT-BREAKINGVIEWS-Energy shock will make hoarding the new normal
By Una Galani HONG KONG, March 20 (Reuters Breakingviews) - The Middle East conflict will permanently alter how governments think about energy stockpiles. As countries converge on China's model of prioritising resilience over efficiency, national hoarding will become more common. It should ke...Reuters
Fri, Mar 20
Euro zone yields rise, ECB 'rate hike genie' out of the bottle
ECB cites inflation risks, may discuss hikes Major banks now expect ECB April hike Italian bonds under pressure due to energy dependence, yields riseBy Amanda Cooper LONDON, March 20 (Reuters) - Euro zone government bond yields rose for a third day on Friday, after a rout the day before, when...Reuters
Fri, Mar 20
Morning News Call - Canada, March 20
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 New housing...Reuters
Fri, Mar 20
