China lethal aid to Russia would come at real cost, U.S. says
WASHINGTON, Feb 26 (Reuters) – China has not moved toward providing lethal aid that would help Russia in its invasion of Ukraine and the United States has made clear behind closed doors that such a move would have serious consequences, White House national security adviser Jake Sullivan said on Sunday.”Beijing will have to make its […]
Wall St gets respite from positive data, dollar pullback
Stocks edge up, bond yields retreatDollar pulls back after biggest weekly rally since SeptemberHigher peak seen for Fed ratesPositive U.S. manufacturing, home sales dataFeb 27 (Reuters) – Wall Street and global shares rebounded modestly on Monday on favorable economic data and bargain hunting, but remained within sight of recent six-week lows, as investors prepared for […]
Wall St ends sharply down, posts biggest weekly drop of 2023
Dow’s worst weekly performance in 5 monthsPCE data comes in strong, showing resilient consumerFor the week, all down: Dow 2.99%, S&P 2.66%, Nasdaq 3.33%Indexes down: Dow 1.02%, S&P 1.05%, Nasdaq 1.69%Feb 24 (Reuters) – Wall Street’s main indexes posted their biggest weekly drop of 2023 after sharp losses on Friday, as investors braced for the […]
Japan’s factory activity shrinks at fastest pace in 2-1/2 years
TOKYO, Feb 21 (Reuters) – Japan’s manufacturing activity contracted at the fastest pace in 30 months in February, a business survey showed on Tuesday, in a worrying sign for the world’s third-largest economy, which is facing weakening demand and struggling to tame cost pressures.The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) fell […]
Analysis: Looming U.S. default risk prompts investors to cut some debt exposure
NEW YORK, Feb 21 (Reuters) – Bond investors are starting to trim holdings of U.S. debt to brace for a possible government default that they see as highly unlikely but potentially seismic for financial markets around the world.The U.S. Treasury hit its $31.4 trillion borrowing limit last month. Unless congress raises or suspends that cap, […]
Global shares sink, dollar soars on rate-hike outlook
LONDON, Feb 17 (Reuters) – Stock markets dropped across the globe on Friday and the dollar leapt to six-week highs as jobs data revived expectations the U.S. central bank would stick to its monetary tightening path.Data from the U.S. Labor Department overnight showed monthly producer prices had accelerated in January and the number of Americans […]
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 […]
At least two more Fed rate hikes and no cut this year, say economists: Reuters poll
BENGALURU, Feb 14 (Reuters) – The U.S. Federal Reserve will raise interest rates at least twice more in coming months, with the risk they go higher still, according to a majority of economists in a Reuters poll who see no cut by year-end.This brings the majority of private-sector forecasters in line with the central bank’s […]
Japan’s weak Q4 GDP rebound poses challenge for BOJ’s exit path
Japan Q4 GDP expands annualised 0.6% vs f’cast +2.0%Drop in capex, inventory behind weaker-than-expected reboundData underscore view Japan making delayed recovery from pandemicOutlook on growth, wages key to how soon BOJ exits easy policyTOKYO, Feb 14 (Reuters) – Japan’s economy averted recession but rebounded much less than expected in the fourth quarter as business investment […]
United States tells citizens: Leave Russia immediately
MOSCOW, Feb 13 (Reuters) – The United States has told its citizens to leave Russia immediately due to the war in Ukraine and the risk of arbitrary arrest or harassment by Russian law enforcement agencies.”U.S. citizens residing or travelling in Russia should depart immediately,” the U.S. embassy in Moscow said. “Exercise increased caution due to […]