SEOUL (Reuters) – South Korea’s producer inflation slowed in December for a sixth month, dropping to the lowest rate in 20 months, central bank data showed on Friday. The country’s p[...]
Read more
January 19, 2023
Fed’s Williams says Fed needs more rate rises to cool inflation
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Thursday the U.S. central bank has more rate hikes ahead and sees signs inflationary pre[...]
Read more
Rating agencies expect U.S. debt ceiling agreement despite gridlock risks
By Davide Barbuscia NEW YORK (Reuters) -Rating agencies Moody’s and Fitch expect the U.S. Congress will likely reach an agreement on a new debt limit before the Treasury drains resources to stav[...]
Read more
Fed will face tough choices the longer debt ceiling impasse persists -analysts
By Michael S. Derby NEW YORK (Reuters) – The standoff over the U.S. government’s borrowing limit is unlikely for now to crimp the Federal Reserve’s plans for higher interest rates an[...]
Read more
UK finance minister looks to extend fuel duty cut by a year – The Times
(Reuters) -British finance minister Jeremy Hunt wants to extend a 5 pence cut in the price of petrol and diesel for another year in his spring budget, The Times reported on Thursday, adding that he is[...]
Read more
Stocks fall, yields up; economic slowdown worries mount
By Caroline Valetkevitch NEW YORK (Reuters) – World stocks fell on Thursday and U.S. benchmark 10-year Treasury yields bounced up off of four-month lows, as worries mounted that an aggressive st[...]
Read more
Venezuela’s bolivar depreciates to 20 per dollar as prices rise
CARACAS (Reuters) – Venezuela’s down-at-the-heel bolivar currency fell to 20 per dollar, according to official data for Wednesday, complicating attempts by the government of President Nico[...]
Read more
BOJ bullishness on wages suggests days of super-low rates are numbered
By Leika Kihara TOKYO (Reuters) -The Bank of Japan (BOJ) rejected market pressure this week, maintaining ultra-low interest rates, but its bullish views on wages and growing strains from its policy su[...]
Read more
Brazil’s central bank will act independently, governor says
BRASILIA (Reuters) – Brazil’s central bank will act independently, governor Roberto Campos Neto said Thursday, adding that the formal autonomy status showed resilience and capacity to stab[...]
Read more