Chile central bank cuts interest rate but calls for caution
By Fabian Cambero and Brendan O’Boyle SANTIAGO (Reuters) – Chile’s central bank cut its benchmark interest rate by 25 basis points to 5.00% on Tuesday, extending an easing cycle that…
Economy
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US bank regulator considering legal action against former SVB executives
By Pete Schroeder WASHINGTON (Reuters) – The chairman of a leading U.S. banking regulator said Tuesday his agency is considering legal action against six former officers and eleven former directors…
U.S. 10-year treasury yields could hit 6%, T. Rowe Price projects
A combination of U.S. fiscal expansion, potential tax cuts, and a healthy economy is likely to push Treasury yields higher, with T. Rowe Price projecting yields could even reach 6%.…
Elon Musk, SpaceX face federal reviews over security, NYT reports
WASHINGTON (Reuters) -Elon Musk and SpaceX face at least three federal reviews over whether they have complied with federal reporting rules aimed at protecting national security, the New York Times…
Explainer-What options does PM Trudeau face in Canada’s leadership crisis?
By David Ljunggren OTTAWA (Reuters) – Canadian Liberal Prime Minister Justin Trudeau is under increasing pressure to quit after Finance Minister Chrystia Freeland resigned over a policy clash on Monday,…
Hungary central bank leaves base rate steady for third straight month
By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) -Hungary’s central bank left its base rate steady at the European Union’s joint highest level of 6.5% on Tuesday, as widely expected,…
Canada fiscal update shows ongoing fiscal deterioration, BofA says
On Monday, the Canadian government disclosed its 2024 Fall Economic Statement (FES), revealing a slight increase in the projected fiscal deficits for the next five years compared to the previous…
US Congress negotiators reach deal on stopgap funding bill, lawmakers say
By Katharine Jackson and Richard Cowan WASHINGTON (Reuters) – U.S. congressional negotiators on Tuesday reached a tentative deal on a stopgap funding bill to avert a partial government shutdown, provide…
Canada’s inflation rate ticks down to 1.9% in November
By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada’s annual inflation rate unexpectedly dropped by a tick to 1.9% in November, driven by a broad-based slowdown in prices, while the…
US manufacturing output rebounds less than expected in November
WASHINGTON (Reuters) – U.S. manufacturing production rebounded less than expected in November as the boost from motor vehicle output was partially offset by persistent weakness in the aerospace industry, despite…