Recent data has kept Fed rate view, soft landing, intact
By Howard Schneider WASHINGTON (Reuters) – A data-heavy week has kept the U.S. Federal Reserve’s core view intact of an economy where price pressures continue to ease and the job…
Economy
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IMF sees Mexico’s economic growth slowing to 1.5% this year
MEXICO CITY (Reuters) – The International Monetary Fund (IMF) estimates that Mexico’s economic growth will slow to around 1.5% this year before dipping to just 1.3% in 2025, according to…
Argentina cuts interest rate to 35% as inflation outlook eases
By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s central bank cut its benchmark interest rate to 35% in a surprise move on Friday, boosting local markets and signaling growing optimism by…
Asset manager Vanguard buys gilts after budget-driven sell-off
By Harry Robertson LONDON (Reuters) – The world’s second-biggest asset manager Vanguard said on Friday it had bought UK government bonds in the wake of the new Labour government’s budget,…
Bank of Canada starts registration of payment service providers
OTTAWA (Reuters) – The Bank of Canada on Friday started registering payment service providers as part of a plan to bring them under its regulation and promote secure and reliable…
HSBC, Barclays and StanChart jostle for US banking riches, unruffled by White House race
By Lawrence White and Sinead Cruise LONDON (Reuters) – Britain’s big global lenders HSBC, Barclays and Standard Chartered (OTC:SCBFF) are vying to tap into a boom in U.S. commercial banking…
China eases rules for foreign investment in listed companies
BEIJING (Reuters) – China issued revised regulations on Friday for foreign investors in its listed companies, expanding eligibility criteria and easing financial requirements in a bid to attract more foreign…
Fed seen on course for rate cuts after weak jobs data
By Ann Saphir (Reuters) – Any doubts the Federal Reserve will go ahead with an interest-rate cut next week fell away on Friday after a government report showed U.S. employers…
UK gilt market faces worst week in months as budget rattles investors
By Yoruk Bahceli, Amanda Cooper and Harry Robertson LONDON (Reuters) -Short-term British government borrowing costs headed for their biggest weekly jump in over a year on Friday, while the pound…
Weak US Oct payrolls growth skewed by storms, strikes
(Reuters) -U.S. job growth slowed sharply in October amid disruptions from hurricanes and strikes by aerospace factory workers, but the unemployment rate held steady at 4.1%, offering assurance that the…