Morning Bid: US inflation, China plans spell caution; BOK set to cut
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia enter the final trading day of the week with sentiment dented a bit…
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Brazil tax reform could include millionaires tax, says finance minister
BRASILIA (Reuters) -A millionaires tax is on the table under a planned income tax reform in Brazil, but it is only one of multiple scenarios being evaluated by the government,…
Canada gov’t could avoid confidence vote with slim mini budget, says source
By David Ljunggren OTTAWA (Reuters) -A Canadian mini budget later this year might contain no spending measures, an unusual move that would deprive the opposition of another chance to topple…
NY Fed survey shows big banks still expect spring stop to balance sheet drawdown
By Michael S. Derby (Reuters) – Wall Street’s biggest banks expect the Federal Reserve to end the process of shrinking its balance sheet next April, holding the line relative to…
US SEC charges Cumberland DRW for acting as unregistered dealer in crypto markets
By Hannah Lang WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission charged crypto market maker Cumberland DRW on Thursday with acting as an unregistered dealer for more than $2 billion in…
Bostic signals Fed skip on rate cuts in November can’t be ruled out
Investing.com — Atlanta Federal Reserve President said Thursday he was open to downshifting to a quarter point rate cut or may even support an unchanged decision should the recent bout…
Exclusive-Algeria bars France from wheat import tender as relations sour, sources say
By Gus Trompiz and Michael Hogan PARIS (Reuters) -Algeria excluded French companies from a wheat import tender this week and required that participating firms did not offer French-origin wheat, in…
French government presents 2025 belt-tightening budget
By Leigh Thomas and Michel Rose PARIS (Reuters) -France’s government delivered its 2025 budget on Thursday with plans for 60 billion euros ($65.68 billion) worth of spending cuts and tax…
US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says
(Reuters) – The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic…
Banxico expects cooling inflation to allow for more Mexico rate cuts
MEXICO CITY (Reuters) -The Bank of Mexico’s five-member governing board expects easing inflation could allow further reductions to its benchmark interest rate, minutes from the bank’s September monetary policy decision…