Rising Liberal Hate in New Jersey Risks a Dangerous Divide
TOMS RIVER, NJ – New Jersey’s political figures are edging into an realm that ignores, if not, supports political violence from the left against anyone who doesn’t agree with them. A recent…
Analysis-US retailer holiday orders should boost transport demand, but risks loom
By Lisa Baertlein LOS ANGELES (Reuters) – The slumping U.S. transportation sector could be bouncing off a bottom as retailers start preparing for the back-to-school season and winter holidays, but political brinkmanship…
Russia says supplying F-16 jets to Ukraine would carry ‘colossal’ risks for West – TASS
MOSCOW (Reuters) – Western countries will run “colossal risks” if they supply Ukraine with F-16 fighter jets, TASS news agency quoted Russian Deputy Foreign Minister Alexander Grushko as saying on Saturday. Grushko…
Inflation fight risks central banks’ credibility and autonomy, BIS warns
By Marc Jones LONDON (Reuters) – The credibility and independence of central banks around the world is at risk if stubbornly-high global inflation rates are not bought under control, the head of…
IMF’s Gopinath sees ‘sizeable’ upside inflation risks, says markets too optimistic
WASHINGTON (Reuters) – The International Monetary Fund’s no. 2 official said on Wednesday she sees sizeable risks that inflation will remain high or accelerate in many emerging markets and urged central banks…
Australia’s central bank hiked in May due to inflation risks, more raises may be required
SYDNEY(Reuters) – Australia’s central bank decided to hike at its May meeting due to inflation risks from weak productivity growth, persistently high services inflation and faster-than-forecast rental increases, saying more rate rises…
BOJ’s Ueda: G7 finance chiefs to debate financial system risks
By Leika Kihara NIIGATA, Japan (Reuters) – Calm has returned to the global financial system after the recent failure of several U.S. banks, but Group of Seven (G7) finance leaders will communicate…
Japan Economy Minister Goto urges US banks, regulators to tackle liquidity risks
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) -Banking sector problems in the United States and Europe were caused by liquidity and interest rates risks, but won’t impact on Japan’s economy and…
Euro near one-year peak as US economic risks weigh on dollar
By Kevin Buckland TOKYO (Reuters) – The euro hovered near a one-year high versus the dollar on Thursday, as Europe’s resilient economy contrasted with banking contagion risks in the United States, the…
First Republic, KPMG are sued for concealing bank’s risks
By Jonathan Stempel (Reuters) – First Republic Bank has been sued by shareholders who accused the beleaguered U.S. regional bank of concealing how rising interest rates threatened its business model by prompting…
Fed in discussions with banks about managing risks of AI: Waller
(Reuters) – The Federal Reserve has “regular discussions” with the banks it supervises about managing the risks associated with artificial intelligence, as more financial institutions utilize AI for customer service applications, fraud…
United Airlines warns of macro risks, says ready to act if economy softens further
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday said macroeconomic risks have increased following turmoil in the banking industry last month that led to a sharp, brief…
Analysis-Central banks have yet to script final act of inflation fight as risks rise
By Howard Schneider and Balazs Koranyi WASHINGTON (Reuters) – Major central banks may be deep into their drive to raise interest rates in hopes of killing inflation, but the endgame remains far…
Singapore unexpectedly leaves monetary policy unchanged as risks grow
SINGAPORE (Reuters) -Singapore’s central bank on Friday left its monetary policy settings unchanged, reflecting the city-state’s concerns about its growth outlook and surprising economists who had expected another round of tightening. The…
White House’s Brainard says banks need to show they are managing risks effectively
By David Lawder WASHINGTON (Reuters) – White House economic adviser Lael Brainard said on Wednesday the U.S. banking system is “sound” and stable after two bank failures last month, but institutions that…
IMF chief economist: stability risks should not deter central bank inflation fight
WASHINGTON (Reuters) – Central banks should not halt their fight against inflation because of financial stability risks, which look “very much contained,” International Monetary Fund chief economist Pierre-Olivier Gourinchas told Reuters. The…
BofA sees ‘meaningful risks’ of Q2 U.S. economic contraction
(Reuters) – The U.S. economy is at risk of shrinking in the second quarter, BofA Global Research wrote in a client note, following recent economic data that hinted that the Federal Reserve’s…
Georgieva says downside risks have increased for global economy
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Thursday said the global economy faced increased downside risks following recent bank failures in Switzerland and United States that exposed financial…
IMF warns geopolitical fragmentation could raise financial stability risks
By David Lawder WASHINGTON (Reuters) – Rising geopolitical tensions and the resulting fragmentation of the global economy could increase financial stability risks, reducing cross-border investments, asset prices, payment systems and banks’ ability…
WTO sees “subpar” 2023 trade growth with multiple risks
GENEVA (Reuters) – The World Trade Organization raised its forecast for global trade growth this year, but still predicted a slowdown and warned of risks from the Ukraine war, geopolitical tensions, food…
Risks loom over China’s top tier banks from property downturn, higher costs
By Ziyi Tang and Ryan Woo BEIJING (Reuters) – China’s largest banks will see near-term revenue and margin pressures on a persisting property sector downturn, higher costs and a worsening global macro…
Analysis-India’s surging services exports may shield economy from external risks
By Siddhi Nayak and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – A surge in India’s services exports, which hit a record high in the October-December quarter, is expected to shield the economy from…
ECB’s De Guindos warns of broad risks in financial sector
By Giancarlo Navach CERNOBBIO, Italy (Reuters) – The European Central Bank (ECB) is monitoring broad risks across the financial sector and will act to preserve stability in the euro area, ECB vice-president…
Fed’s Barr says first learned of risks at SVB weeks before it failed
(Reuters) – The U.S. Federal Reserve’s head of banking supervision said Tuesday he was first made aware of the interest rate risk-related issues at Silicon Valley Bank in mid-February, just weeks before…
French corporate finance chiefs vet bank risks and exposure -lobby
PARIS (Reuters) – Corporate finance directors are scrutinising who they bank with in the wake of recent market tensions but there is no rush for the exit for now, France’s corporate treasury…
Marketmind-Swinging between bank fears and rate risks
A look at the day ahead in U.S. and global markets from Mike Dolan Markets seem caught between the devil and the deep blue sea. Easing concerns about bank stability this week…
Breaking News
