BIS urges central banks to ‘get the job done’
LONDON, Feb 27 (Reuters) – Central banks need to “get the job done” when it comes to getting inflation back under control, the Bank for International Settlements has said, urging them to avoid the mistakes of the 1970’s by declaring victory too early.The BIS, dubbed the bank for central banks, said it was vital authorities […]
Argentine savers ‘drown’ under spiraling prices as inflation hits 99%
BUENOS AIRES, Feb 14 (Reuters) – Argentina’s inflation rate has hit just shy of 100%, the government said on Tuesday, with savers feeling more pain from some of the world’s fastest rising prices and workers’ budgets straining as costs outstrip salaries.The South American country, which has battled spiraling prices for years, saw monthly inflation speed […]
Why Is Latin America Hard to Enter for Retail IBs?
Retail introducing brokers (RIBs) in Latin America (LATAM) face a number of challenges and issues that can make providing effective services to their clients difficult. A lack of regulatory clarity, limited access to technology, and a challenging economic environment are some of the major challenges confronting RIBs in Latin America. No One-Size-Fits-All Approach to Latin […]
China says it will set up yuan clearing arrangements in Brazil
BEIJING, Feb 7 (Reuters) – China’s central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, it said on Tuesday, in a move to help boost the currency’s global clout.The establishment of such arrangements for the renminbi (RMB), or the yuan, would be beneficial to cross-border transactions, and further […]
Morning bid: Markets go all in for disinflation
SYDNEY, Feb 2 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole.Push back? What push back? The main theme ahead of the Fed announcement was that Chair Jerome Powell would definitely, totally, absolutely push back against the recent rapid easing in market conditions given inflation was still sky […]
Brazil and Argentina to discuss common currency
BUENOS AIRES, Jan 22 (Reuters) – Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.”We intend to overcome the barriers to our exchanges, simplify and modernize the rules and encourage […]
Household wealth optimism collapses, global survey shows
Jan 16 (Reuters) – Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households.The Edelman Trust Barometer, which for over two decades has polled the attitudes of thousands of people, found that […]