SHANGHAI – Chinese high-yield property issuers have by one measure defaulted on nearly a quarter of their outstanding bonds this year, Goldman Sachs analysts estimated, highlighting liquidity stress as Beijing…
– Germany’s Deutsche Bank AG said on Thursday its U.S. affiliate had increased its prime lending rate by 25 basis points, mirroring moves by major Wall Street banks after the…
By David Milliken LONDON -Investors scaled back their expectations for future Bank of England interest rate rises this year, sending British bond prices sharply higher, after the BoE hiked again…
By Julie Gordon and Fergal Smith OTTAWA – A commodities rally sparked by Russia’s invasion of Ukraine will push Canadian inflation higher for longer, with the headline rate now seen…
BUFFALO, N.Y., March 16, 2022 — Effective Thursday, March 17, 2022, M&T Bank (NYSE: MTB) will increase its prime lending rate from 3.25% to 3.50% About M&T BankM&T Bank Corporation is…
By Leika Kihara and Yoshifumi Takemoto TOKYO – Tightening monetary policy or intervening in the currency market will do little to reverse unwelcome yen declines that inflate already rising fuel…
By Jamie McGeever ORLANDO, Fla. – U.S. interest rates are on a far steeper and faster climb than previously anticipated following the Federal Reserve’s liftoff on Wednesday, bringing to an…
By Jonnelle Marte – The Federal Reserve raised short-term interest rates on Wednesday by a quarter of a percentage point and signaled that it plans to lift them further in…
By Julie Gordon and Ismail Shakil -Canada’s annual inflation rate accelerated in February to hit a fresh 30-year high, with broad price gains hitting consumers on all fronts, data showed…
By Bharat Gautam – Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate…
By Bharat Gautam – Gold extended its slide on Tuesday as ceasefire talks between Russia and Ukraine reduced demand for safe-haven assets, while bets that the U.S. Federal Reserve may…
By Bharat Gautam – Gold extended its slide on Tuesday as ceasefire talks between Russia and Ukraine reduced demand for safe-haven assets, while bets that the U.S. Federal Reserve may…
By Howard Schneider WASHINGTON – New economic projections from the Federal Reserve this week will show how far and how fast policymakers see interest rates rising this year, in a…
– The Russian central bank is expected to hold its key interest rate unchanged at 20% on Friday after a sharp emergency rate hike in late February designed to support…
– Russian central bank governor Elvira Nabiullina will not take questions from journalists after explaining this month’s monetary policy decision in an online presentation on Friday, the central bank said…
By David Milliken LONDON – The Bank of England looks set to lift interest rates to 0.75% on Thursday, its third rate rise in a row as it seeks to…
By Prerana Bhat and Indradip Ghosh BENGALURU – There is a high risk the Federal Reserve will raise interest rates by half a percentage point sometime this year, according to…
ANNAPOLIS, MD – In a promising announcement that the COVID-19 pandemic may soon be behind us, Maryland Governor Larry Hogan today announced hospitalizations in the state are among the lowest…
FRANKFURT – European Central Bank policymakers meeting last month agreed that the first interest rate hike in more than a decade was drawing closer as inflation showed signs of taking…
WASHINGTON – U.S. worker productivity rebounded strongly in the fourth quarter, curbing growth in unit labor costs, the government confirmed on Thursday. Nonfarm productivity, which measures hourly output per worker,…
By Chibuike Oguh – Apollo Global Management Inc Chief Executive Marc Rowan said on Tuesday that Russia’s invasion of Ukraine could temper interest rate rises by central banks and that…
By William Schomberg and David Milliken LONDON -Bank of England policymaker Michael Saunders said Russia’s invasion of Ukraine is likely to push Britain’s soaring inflation higher, but that it is…
FRANKFURT – Growth in bank loans to euro zone households accelerated again last month, growing at the fastest pace since late 2008, European Central Bank data showed on Friday. “Annual…
By Vivek Mishra BENGALURU – Australia’s central bank will raise interest rates for the first time in over a decade in the third quarter, slightly earlier than thought a month…
WASHINGTON – The Russian invasion of Ukraine probably won’t change the “underyling logic” behind the Federal Reserve’s plans to raise interest rates, but the impact on global markets and commodity…