News
Important Only
Bank of Canada could change tack, give range of projections
Macklem emphasizes need for flexible, adaptable monetary policyUncertainty over US tariffs blamed BoC last changed how it presents forecasts five years ago, due to COVID-19 By Promit Mukherjee and David LjunggrenOTTAWA, March 20 (Reuters) - Uncertainty over the impact of U.S. tariffs means the Bank ...Reuters
Thu, Mar 20
Doubleline Capital's Jeffrey Gundlach Says I Dont Believe We Are Going To See A Cut In The Next Fed Meeting - CNBC Interview
March 20 (Reuters) - DOUBLELINE CAPITAL'S JEFFREY GUNDLACH SAYS I DONT BELIEVE WE ARE GOING TO SEE A CUT IN THE NEXT FED MEETING - CNBC INTERVIEWDOUBLELINE CAPITAL'S JEFFREY GUNDLACH SAYS I THINK THE FIRST CUT MIGHT COME IN JUNE-JULY - CNBC INTERVIEWDOUBLELINE CAPITAL'S JEFFREY GUNDLACH...Reuters
Thu, Mar 20
TREASURIES-Yields pare losses as US economic outlook remain murky
Yields pare earlier drop, traders remain uncertain on economyJobless claims rose slightly last weekTreasury sees solid demand for $18 bln 10-year TIPS auctionBy Karen Brettell March 20 (Reuters) - U.S. Treasury yields pared an early drop on Thursday as traders remained cautious about the outlook ...Reuters
Thu, Mar 20
BoC's Macklem: 'Part' of the CPI release was expected
Bank of Canada (BoC) Governor Tiff Macklem is squeezing his money's worth out of his appearance at the Calgary Economic Development meeting in Calgary, delivering further soundbites about the BoC's stance in regards to inflation and tariffs to followup his earlier appearance.Fxstreet
Thu, Mar 20
Purdue Pharma fees surpass $250 million for Davis Polk amid new bankruptcy plan
By David Thomas and Mike Scarcella March 20 (Reuters) - (Billable Hours is Reuters' weekly report on lawyers and money. Please send tips or suggestions to D.Thomas@thomsonreuters.com)Purdue Pharma's bankruptcy entered a new, possibly final phase this week when the drugmaker filed a new $7...Reuters
Thu, Mar 20
WRAPUP 2-US labor market holding steady, but job opportunities dwindling
US weekly jobless claims increase 2,000 to 223,000Continuing claims rise 33,000 to 1.892 millionExisting home sales advance 4.2% in February By Lucia Mutikani WASHINGTON, March 20 (Reuters) - The number of Americans filing new applications for unemployment benefits increased slightly last week, s...Reuters
Thu, Mar 20
Swiss February gold exports up on year ago, but off January high
LONDON, March 20 (Reuters) - Gold exports from Switzerland leapt by more than a quarter year on year in February as a big rise in supplies to the United States continued, albeit at a lower rate than in January, Swiss customs data showed on Thursday.The U.S. demand offset lower deliveries to India an...Reuters
Thu, Mar 20
CORRECTED-PREVIEW-Nike to post worst revenue fall in 5 years on stagnant demand
By Nicholas P. Brown and Ananya Mariam Rajesh March 19 (Reuters) - Nike NKE.N is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new products failed to open the wallets of Americans reluctant to snap up non-essential items like sport...Reuters
Thu, Mar 20
Temu-owner PDD Holdings' revenues hit by intense China competition and challenges abroad
Pinduoduo faces competition from Alibaba and JD.com in ChinaTemu's international growth threatened by potential U.S. policy changesPDD exploring new business models amid global challengesBy Deborah Mary Sophia and Casey Hall March 20 (Reuters) - PDD Holdings PDD.O, which operates e-commerce p...Reuters
Thu, Mar 20
US existing home sales unexpectedly rise in February
WASHINGTON, March 20 (Reuters) - U.S. existing home sales unexpectedly increased in February as rising supply pulled buyers back into the market, but rising economic uncertainty could limit further gains.Home sales rose 4.2% last month to a seasonally adjusted annual rate of 4.26 million units, the ...Reuters
Thu, Mar 20
TREASURIES-Yields tumble after Fed highlights economic risks
Yields fall as Fed cautious on economic outlook Jobless claims rose slightly last weekTreasury to sell $18 bln 10-year TIPSBy Karen Brettell March 20 (Reuters) - U.S. Treasury yields tumbled on Thursday after Federal Reserve Chair Jerome Powell indicated that the U.S. central bank is ready to act...Reuters
Thu, Mar 20
