Egypt’s stumbling economy faces new pressures from Gaza crisis
Economy reeling from foreign currency shortageTourism and gas exports are sources of scarce dollarsGulf states may step up assistance -...
archiveCEN
Central banks need a word with budget masters
LONDON, Nov 10 (Reuters) - If a re-emerging risk premium in bonds is down to government debt sustainability worries, central banks may need to lobby their Treasuries that it's undermining their control of credit.U.S. Federal Reserve officials are puzzling over why bond borrowing rates spiked lately even as Fed policy expectations have remained largely unchanged. Whether a resurfacing "term premium'" now demanded to buy and hold longer-term bonds, is responsible is central to the conundrum.If a sustained or even more volatile risk premium tightens or loosens credit beyond what's intended...
Dollar eyes best week against yen in three months; cryptos leap
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3,...
Yields jump, stocks fall as Powell suggests higher rates possible
Wall St falls after Powell comments, Treasury auctionUS yields surge after Powell, 30-year auction disappointsBrent ends at over $80/bbl after...
EU watchdog cautions against one-size-fits-all rules for non-banks
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman Acquire Licensing RightsLONDON, Nov...
FOREX Dollar ticks higher ahead of Fed chair remarks
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsEuro...
Sterling edges up vs euro as BoE says policy needs to stay restrictive
UK pound coin drops into yellow watercolour in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON,...
Russia’s depleted workforce threatening economic growth, says central bank
Pedestrians walk past the Central Bank headquarters in Moscow, Russia, August 15, 2023. REUTERS/Shamil Zhumatov/File photo Acquire Licensing RightsThis content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Nov 9 (Reuters) - Russia's depleted labour force is causing acute labour shortages and threatening economic growth, Central Bank Governor Elvira Nabiullina said on Thursday, as Moscow pumps fiscal and physical resources into the military.Russia's military production focus as it prosecutes what it calls a "special military operation" in Ukraine is pulling funds away from...
Fed’s Cook says geopolitical tensions could change US economic outlook
Dr. Lisa DeNell Cook, of Michigan, nominated to be a Member of the Board of Governors of the Federal Reserve...
European shares rise on strong earnings, pharma boost
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 26, 2023. REUTERS/Staff/File photo Acquire Licensing RightsEuro zone retail sales fall in Sept, as expectedVestas rises after Q3 profit beatUK's Marks & Spencer jumps on HY beatSTOXX 600 up 0.3%Nov 8 (Reuters) - European shares rose on Wednesday, supported by gains in healthcare stocks and strong earnings reports, while investors assessed a slew of economic data and comments from central bankers for cues on European Central Bank's rate hike path.The pan-European STOXX 600...