News
Important Only
Bank of England set to sit tight on rates as uncertainty mounts
BoE expected to keep Bank Rate on hold at 4.5%Central bank has stressed it will move carefullyBig uncertainties ahead over US trade policyBoE also watching impact of UK tax hike for employersEconomists mostly expect 3 more cuts this yearBy William Schomberg LONDON, March 20 (Reuters) - The Bank o...Reuters
Thu, Mar 20
Turkish lira, stocks and bonds tumble after Istanbul mayor detained
Lira fell 2.6% after earlier falling 12.7% to a record lowStocks down near 9% in largest daily drop in four yearsAnalysts worry about effect on monetary policyBy Ezgi Erkoyun and Canan Sevgili ISTANBUL, March 19 (Reuters) - Turkey's lira tumbled to a record low of 42 per dollar before recoupi...Reuters
Wed, Mar 19
Brazil raises interest rates 100 bps, sees smaller hike ahead
By Marcela Ayres BRASILIA, March 19 (Reuters) - Brazil's central bank raised interest rates by 100 basis points on Wednesday for the third consecutive time, sticking to previous guidance, and signaled a smaller rate hike at its next policy meeting as it monitors signs of an economic slowdown....Reuters
Wed, Mar 19
Brazil raises interest rates 100 bps, forecasts smaller hike ahead
BRASILIA, March 19 (Reuters) - Brazil's central bank raised interest rates by 100 basis points on Wednesday for the third consecutive time, sticking to previous guidance, and signaled a smaller rate hike at its next policy meeting as it monitors signs of an economic slowdown.The bank's rate-...Reuters
Wed, Mar 19
Fed says it will slow balance sheet runoff process
Fed says it will slow pace of balance sheet drawdown next monthFed shift comes amid less clarity over money market conditionsNo sign yet Fed ready to end quantitative tighteningBy Michael S. Derby WASHINGTON, March 19 (Reuters) - The Federal Reserve said on Wednesday that starting next month it w...Reuters
Wed, Mar 19
Foreign holdings of US Treasuries steady in January, up from year earlier -data shows
NEW YORK, March 19 (Reuters) - Foreign holdings of U.S. Treasuries held steady in January from the previous month, rising from levels a year earlier, data from the Treasury Department showed on Wednesday, suggesting demand for government debt in the world's largest economy remained intact.Holdin...Reuters
Wed, Mar 19
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
Wed, Mar 19
Argentina IMF loan plan gets Congress' approval, paving way for deal
By Nicolás Misculin BUENOS AIRES, March 19 (Reuters) - Argentina's lower house on Wednesday gave its stamp of approval for the government to kick off talks with the International Monetary Fund (IMF), a key hurdle for the program the country needs to get its finances in order.The lower Chamber...Reuters
Wed, Mar 19
TREASURIES-Yields fall as Fed still sees 50 bps in rate cuts this year
Yields fall as Fed keeps rate cut projections unchangedFed tapers quantitative tightening programTraders watch U.S.-Russia negotiations and reciprocal tariff ratesBy Karen Brettell NEW YORK, March 19 (Reuters) - U.S. Treasury yields fell after Federal Reserve policymakers indicated on Wednesday t...Reuters
Wed, Mar 19
INSTANT VIEW-Fed doesn't change rates, will slow pace of balance sheet reduction
March 19 (Reuters) - The Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year in the context of slowing economic growth and, eventually, a d...Reuters
Wed, Mar 19
Foreign holdings of US Treasuries steady in January, data shows
March 19 (Reuters) - Foreign holdings of U.S. Treasuries held steady in January, data from the Treasury Department showed on Wednesday.Holdings of U.S. Treasuries tallied at $8.526 trillion in January, unchanged from the previous month. Compared with a year earlier, Treasuries owned by foreigners ro...Reuters
Wed, Mar 19
