Brazil, Mexico eye revised trade agreement
MEXICO CITY/SAO PAULO (Reuters) – Brazilian and Mexican authorities said on Monday they see the need to revise and expand their current trade agreements, in a push to strengthen the…
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Qatar Airways to buy 25% stake in Virgin Australia ahead of potential IPO
(Reuters) -Qatar Airways plans to buy a 25% stake in Australia’s No. 2 airline Virgin Australia from U.S. private equity firm Bain Capital, the companies said in a joint statement…
New York Fed’s reverse repo facility sees cash surge on last day of Q3
By Michael S. Derby NEW YORK (Reuters) -The New York Federal Reserve said eligible firms on Monday parked the largest amount of cash in its reverse repo facility since late…
Powell reveals little on size of next rate cut
(Reuters) – The U.S. economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest rate and “over time” reach a…
Fed’s Powell says rates will ‘over time’ reach neutral level, not preset
By Howard Schneider NASHVILLE, Tennessee (Reuters) -The U.S. economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest rate and…
Most banks expect gold’s bull run to persist into 2025
(Reuters) – Major banks expect gold to extend its record-breaking price rally into 2025 because of a revival in large inflows to exchange-traded funds (ETFs) and expectations of additional interest…
New Basel Endgame draft still has problems, US FDIC Vice Chair Hill says
WASHINGTON (Reuters) – The new draft of the “Basel Endgame” bank capital hikes still has problems, in particular around how the rule would assess banks’ market risks, Federal Deposit Insurance…
Powell signals Fed to continue rate cuts, but path isn’t on preset course
Investing.com — Federal Reserve Chairman Powell signaled Monday that the Fed will continue cut interest rates toward a more neutral stance, but stressed that the future path of rates isn’t…
Tesla’s quarterly deliveries set to rise as China incentives lure wary EV buyers
By Akash Sriram and Abhirup Roy (Reuters) – Tesla (NASDAQ:TSLA) is expected to report an 8% jump in third-quarter deliveries of its electric vehicles on Wednesday, Wall Street estimates show,…
Exclusive-Fed’s Bostic open to another large rate cut if job market weakens
By Howard Schneider NASHVILLE, Tennessee (Reuters) – Atlanta Federal Reserve President Raphael Bostic said on Monday he would be open to another half-percentage-point interest rate cut at the U.S. central…