BEIRUT, Jan 31 (Reuters) – Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years. The shift from the old rate of 1,507 to 15,000 is …
Lebanon to devalue currency by 90% on Feb. 1, central bank chief says Read More »
WELLINGTON, New Zealand, Jan 30 (Reuters) – More than 30 years ago, some relatively youthful central bank and Treasury economists in New Zealand were grappling with how to bring two decades of double-digit inflation under control in an economy less than 1% the size of its US counterpart. What if, they asked, they just told …
The mouse that roared: New Zealand and the world’s 2% inflation target Read More »
LONDON, Jan 25 (Reuters) – Britain’s manufacturers unexpectedly reduced their prices in December by the most since April 2020, welcome news for the Bank of England which is weighing up how much higher it needs to take interest rates to fight soaring inflation. Output prices fell by 0.8% in December from November, the Office for …
UK factories cut prices, helping BoE’s inflation fight Read More »
Investors see rate cut by year-end despite ECB guidance Analysts say confused messaging has damaged ECB’s credibility Blame changes in message, cacophony of voices FRANKFURT, Jan 23 (Reuters) – The European Central Bank’s policy signals don’t seem to convince investors any more, analysts say, whether it is trying to raise their expectations for interest rates …
Analysis: ECB struggling seen to keep market on side after mixed messages Read More »
40% of ECB staff has low or no trust Two-thirds say confidence is damaged 63% worried about ECB’s ability to protect purchasing power FRANKFURT, Jan 17 (Reuters) – European Central Bank staff are losing confidence in the institution’s leadership following the ECB’s failure to control inflation and a pay award that lagged the leap in …
Exclusive: ECB union says staff losing faith in leadership over inflation, pay Read More »
https://tmsnrt.rs/2zpUAr4 BOJ under intense pressure as it defends yield policy Yen hits 7-mth high, yuan climbs as dollar eases Hopes for rapid China recovery aids most Asia stocks More earnings ahead, many central bank speakers SYDNEY, Jan 16 (Reuters) – Asian shares firmed on Monday as optimism about China’s reopening offset concerns the Bank of …
Asian shares rise, yen climbs as BOJ battles bond bears Read More »
Fed minutes due at 2 p.m. ET Job openings fall less than expected Microsoft falls on UBS rating downgrade Indexes up: Dow 0.73%, S&P 1.17%, Nasdaq 1.13% Jan 4 (Reuters) – Wall Street’s main indexes reversed early losses on Wednesday, as investors looked past a set of economic data, with focus squarely on the Federal …
Wall St reverses losses as focus turns to Fed minutes Read More »
WASHINGTON, Jan 4 (Reuters) – The Federal Reserve ended 2022 with a firm promise at its December policy meeting that interest rates would continue rising this year, but at a slower pace and perhaps only by another three-quarters of a percentage point. That session’s readout, due to be released at 2 pm EST (1900 GMT) …
Fed minutes may point to rate-hike endgame, new debate phase Read More »
A look at the day ahead in US and global markets from Dhara Ranasinghe, Editor, Financial Markets EMEA, Thomson Reuters. The holidays are over and it’s back to work, so markets are no exception. And the yen, for starters, is intent on leaving a dismal 2022 behind. It was the worst-performing major currency versus the …
Rare for Tesla to deliver less than it produces Tesla stock in 2022 had its worst year since going public Jan 2 (Reuters) – Tesla Inc (TSLA.O) on Monday reported record production and deliveries for fourth-quarter electric vehicles, but it missed Wall Street estimates, burdened by logistics problems, slowing demand, rising interest rates and fears …
Tesla reports record quarterly deliveries but misses estimates Read More »
