Yellen sticks to view U.S. economy headed for soft landing
U.S. Secretary of Treasury Janet Yellen holds a news conference at the Museum of the Water Civilization in Morocco on...
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Morning Bid: Fed pivot begins to crystallize
Oct 11 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.A slump in U.S. bond yields, after another Federal Reserve official signaled that the central bank's interest rate-hiking cycle is over, will put Asian markets on a positive footing on Wednesday, despite renewed stress in China's property sector.Investors in the region also have key Japanese business activity indicators and South Korean current account figures on their plate on Wednesday, and there will no doubt be headlines coming from the IMF and World...
IMF says global economy ‘limping along,’ cuts growth forecast for China, euro area
Global growth forecast unchanged at 3.0% in 2023Inflation dropping but 'not quite there yet'-IMF chief economistIMF raises U.S. forecast, cuts...
Biden offers Israel support, faces criticism on Iran at home
WASHINGTON, Oct 7 (Reuters) - U.S. President Joe Biden offered Israel on Saturday "all appropriate means of support" after a...
Egypt’s cratering economy drives many to risky migrant route
Migrants catch boats from Libya to ItalyNumbers have risen sharply since 2020Egyptians struggling with record inflationEU providing funding for border...
Analysis: Trend hedge funds come out winners in bond market rout
Systematic traders benefit from bond routSeptember saw many claw back March lossesAfter March some trading strategies changedLONDON, Oct 6 (Reuters)...
Mexico rejects new border wall plan after talks with U.S. officials
Mexico's President Andres Manuel Lopez Obrador holds his daily news conference, a day after Mexico's ruling party National Regeneration Movement...
Sam Bankman-Fried demanded special privileges for his fund, ex-colleague testifies
NEW YORK, Oct 5 (Reuters) - Sam Bankman-Fried's college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder's fraud trial that Bankman-Fried told him to give a hedge fund they co-owned special trading privileges on FTX.The special privileges granted to the hedge fund, Alameda Research, included a $65 billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow, he said. Alameda had withdrawn $8 billion from FTX by the time of the exchange's bankruptcy in November 2022,...
‘Europe isn’t profitable’ – Solar industry warns of hurdles to EU’s green tech drive
Solar panels are seen atop a hops plantation in the Bavarian Holledau region in Au, Germany, June 19, 2023. REUTERS/Louisa...
Fed officials largely sanguine about rise in US bond yields
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo Acquire Licensing RightsOct 5 (Reuters) - Federal Reserve officials on Thursday indicated little concern that the recent rise in U.S. Treasury yields could imperil a "soft landing" for the economy, and said it could actually help the central bank in its fight against inflation.The Fed held its benchmark overnight interest rate steady in the 5.25%-5.50% range last month, but signaled that one more quarter-percentage-point hike would...