By Devayani Sathyan BENGALURU (Reuters) – New Zealand’s central bank will raise interest rates by 25 basis points in May to 5.50% following a surprise half-point move on Wednesday and …
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By Federico Maccioni CERNOBBIO, Italy (Reuters) – The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose a threat to growth, Italy’s …
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Dollar/rupee premiums to rise as US-India interest rate gap seen widening – analysts
by Reutersby ReutersBy Anushka Trivedi MUMBAI (Reuters) – Indian foreign exchange traders are betting on a rise in dollar/rupee forward premiums as U.S. interest rates are expected to ease later this year, …
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Police Search for Two Vehicles of Interest in Wicomico County Homicide Investigation
by Leo Canegaby Leo CanegaSALISBURY, MD – Maryland State Police are asking for the public’s assistance in identifying two vehicles of interest connected to a 2022 homicide in Wicomico County. The vehicles, a light-colored …
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SYDNEY (Reuters) – Central banks in the U.S. and Australia are close to pausing rate increases as they strike a balance between financial stability and inflation fighting, HSBC Australia Chief …
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Brazil VP wants to convince central bank high interest rate ‘makes no sense’
by Reutersby ReutersSAO PAULO (Reuters) – Brazil’s Vice President Geraldo Alckmin said on Monday the government needs to convince the country’s central bank that its high interest rate “makes no sense at …
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Fed Raises Interest Rates To Highest Levels Since 2007
Fed Raises Interest Rates To Highest Levels Since 2007 Jason Cohen on March 22, 2023 The Federal Reserve hiked its target federal-funds interest rate by a quarter of a percentage …
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Bank of England raises interest rates again, sees inflation falling
by Reutersby ReutersBy William Schomberg and David Milliken LONDON, March 23 (Reuters) – The Bank of England raised interest rates by a further quarter of a percentage point on Thursday and said …
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Traders keep to bets Fed will raise interest rates by 25 bps next week
by Reutersby Reuters(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate have stuck to their bets of a quarter percentage point interest rate hike next week as relative calm …
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Argentina hikes interest rate 300 basis points after inflation breaks 100% barrier
by Reutersby ReutersBy Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank board said it agreed to hike the country’s benchmark interest rate by 300 basis points to 78% on Thursday after …
- US and World News
Further U.S. involvement in Ukraine is not vital national interest, says DeSantis
by Reutersby Reuters(Reuters) – Becoming “further entangled in a territorial dispute between Ukraine and Russia” is not a vital U.S. national interest, said Florida Governor Ron DeSantis, who is eying running for …
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Majority Of Voters Think Biden Has A Conflict Of Interest With China: POLL
Majority Of Voters Think Biden Has A Conflict Of Interest With China: POLL Bronson Winslow on March 10, 2023 A majority of voters believe President Joe Biden has a conflict …
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CERAWEEK-Renewable energy investors squeezed by higher interest rates, costs
by Reutersby ReutersBy Isla Binnie and David French NEW YORK/HOUSTON (Reuters) – Corporations and investors have been pouring money into renewable energy projects, seeing an opportunity to grasp the Holy Grail of …
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Jerome Powell Says Fed Is Ready To Hike Interest Rates Quicker Than Anticipated
Jerome Powell Says Fed Is Ready To Hike Interest Rates Quicker Than Anticipated Jason Cohen on March 7, 2023 Federal Reserve Chair Jerome Powell said during testimony to the Senate …
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ZURICH (Reuters) – The Swiss National Bank cannot rule out that it will have to raise interest rates again to bring inflation under control, Chairman Thomas Jordan said on Tuesday. …
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Aluminium open interest, volume on CME hit record high in February
by Reutersby Reuters(Reuters) – Aluminium futures on the Chicago Mercantile Exchange hit record average daily volumes in February, a four-fold jump compared to a year ago, and open interest also reached historic …
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BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Wednesday that the country’s high interest rate is the primary obstacle to economic growth, adding that recent government measures such …
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U.S. mortgage interest rates remain at highest level since November – MBA
by Reutersby Reuters(Reuters) – The average interest rate on the most popular U.S. home loan remained last week at its highest level since November as stronger-than-expected readings on inflation, job gains and …
- Business News
Fed’s Mester sticks with December interest rate projection for now
by Reutersby Reuters(Reuters) – Cleveland Federal Reserve President Loretta Mester said on Friday that she was keeping to her previous forecast made at the end of last year for the U.S. central …
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U.S. mortgage interest rates jump to highest level since November – MBA
by Reutersby Reuters(Reuters) – The average interest rate on the most popular U.S. home loan rose last week to its highest since November as bond markets took fright that the Federal Reserve …
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By Lucy Craymer WELLINGTON (Reuters) – Expected damage to New Zealand’s economy from severe weather over the past three weeks has prompted financial markets to downgrade the outlook for interest …
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Analysis-European firms strike high-stakes bond deals as interest rates rise
by Reutersby ReutersBy Pablo Mayo Cerqueiro and Chiara Elisei LONDON (Reuters) – European firms are selling debt that can be converted into their own shares at an unrelenting pace, as they seek …
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By Nick Carey and Christina Amann LONDON/BERLIN (Reuters) – Interest in using hydrogen fuel cells to power trucks and vans is getting a boost from fleet operators looking for a …
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SYDNEY (Reuters) – Australian consumer sentiment took a dark turn last week after the country’s central bank raised interest rates to a decade high and warned yet more pain lay …
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By Mehnaz Yasmin (Reuters) – Citigroup Inc may see more net interest margin (NIM) pressure than the other four big U.S. banks this year due to its high deposit betas, …