Bank of Portugal cuts 2024 growth outlook, citing short-term uncertainty
LISBON (Reuters) – The Bank of Portugal on Friday lowered next year’s economic growth forecast to 1.2% from 1.5% it had set in October, in a slowdown from this year’s expected 2.1%…
IMF: Russia’s war spending fuels short-term growth, longer-term outlook ‘dim’
By Alexander Marrow (Reuters) – Huge fiscal spending on the military is fuelling short-term economic growth in Russia, but looking at the longer term picture the outlook is “dim”, the International Monetary…
Biden Signs Short-Term Funding Bill To Avoid Government Shutdown
Biden Signs Short-Term Funding Bill To Avoid Government Shutdown Kate Anderson on September 30, 2023 President Joe Biden signed a 45-day government funding bill into law late Saturday, narrowly avoiding the first…
House Passes Short-Term Government Funding Bill Seeking To Avoid Shutdown
House Passes Short-Term Government Funding Bill Seeking To Avoid Shutdown Katelynn Richardson on September 30, 2023 The House of Representatives voted to pass a 45-day short-term spending bill Saturday, potentially staving off…
Inverted U.S. yields lure investors into short-term bonds
By Patturaja Murugaboopathy (Reuters) – Short-term U.S. government bonds have attracted bigger investment flows this year than longer-term paper, an unusual pattern engendered by the inverted yield curve and the Federal Reserve’s…
Investors head to short-term Treasury ETFs amid Fed-fueled selloff
By Suzanne McGee and Bansari Mayur Kamdar (Reuters) – Investors in exchange-traded funds (ETFs) flocked to the very short end of the U.S. Treasury yield curve on Thursday, as prices for most…
Airbnb lawsuit to block NYC law on short-term rentals is dismissed
By Doyinsola Oladipo NEW YORK (Reuters) – A New York judge on Tuesday dismissed Airbnb’s lawsuit against New York City over legislation it called a “de facto ban” against short-term rentals on…
BoE reports second-biggest usage of short-term liquidity repo
LONDON (Reuters) – The Bank of England allotted 1.2 billion pounds ($1.55 billion)of one-week funds in its short-term repo (STR) operation on Thursday, the second-largest usage of the facility since it launched…
Biden to crack down on short-term health insurance plans -Politico
(Reuters) -U.S. President Joe Biden’s administration on Friday is expected to propose a new regulation cracking down on short-term health insurance plans, Politico reported, citing five Democrats with knowledge of the matter.…
Analysis-Why a US debt deal may only provide short-term relief for markets
By Shankar Ramakrishnan, Davide Barbuscia, Saeed Azhar and Laura Matthews (Reuters) – Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news…
BNY expands short-term investment options as investors chase yields
By Laura Matthews NEW YORK (Reuters) – BNY Mellon is expanding its offering of short-term investment products as investors chase higher yields, the bank announced on Monday. The bank is now offering…
Italy plans looser rules on short-term jobs, tax cuts on wages
By Giuseppe Fonte ROME (Reuters) – Italy plans contested legislation that will make it easier for firms to hire workers on short-term contracts, as part of a set of measures aimed at…
Bank of Korea’s Rhee says some short-term rates have fallen more than expected
SEOUL (Reuters) -The head of South Korea’s central bank said on Monday some short-term interest rates had fallen more than he had expected, adding it was probably due to a shift in…
US consumer sentiment edges up in April; short-term inflation expectations rise
WASHINGTON (Reuters) – U.S. consumer sentiment inched up in April, but households expected inflation to rise over the next 12 months. The University of Michigan’s preliminary April reading on the overall index…
BlackRock Investment Institute downgrades credit, favors short-term bonds for income
(Reuters) – BlackRock Investment Institute said on Monday it was downgrading credit and preferred short-term bonds for income, with strategists pointing to financial cracks from rapid interest rate hikes. “We stay risk-off:…
Taiwan central bank deputy governor: Current wave of inflation is not short-term phenomenon
TAIPEI (Reuters) – The current wave of inflation in Taiwan is not a short-term phenomenon and has fanned expectations for continued high inflation rates, the deputy central bank governor said on Monday.…
Analysis-Italy promotes short-term job market, shunning Spain’s example
By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Marta Pizza, a 26-year-old swimming instructor, has worked at a Rome sports centre for the last two years earning 8.50 euros per hour…
China central bank steps up short-term liquidity injection ahead of long holiday
SHANGHAI (Reuters) – China’s central bank ramped up a liquidity injection on Wednesday, offering fresh funds to the banking system for the first time this year to help meet seasonal cash demand…
China central bank makes biggest weekly short-term cash injection since 2019
SHANGHAI (Reuters) – China’s central bank stepped up liquidity support this week by making the biggest weekly cash injection through a short-term bond instrument since 2019 to help financial institutions smoothly tide…
Russian economy has overcome short-term slump caused by mobilisation – central bank
MOSCOW (Reuters) – Russia’s economy has overcome the short-term slump caused by President Vladimir Putin’s partial mobilisation order, but the disinflationary impact it had in reducing consumer demand has practically disappeared, the…
McConnell says short-term U.S. government funding measure likely
WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell said on Tuesday it is increasingly likely that Congress will need to pass a short-term continuing resolution to fund the government into early…
Spanish short-term rentals boom has tourist sector clamouring for rules
MADRID (Reuters) – Short-term accommodation in Spain’s 20 biggest cities is rapidly catching up with the number of rooms managed by hotels, a study released on Tuesday found, prompting hoteliers to call…
Net zero investor group members set more short-term emissions targets
By Juliette Portala (Reuters) – The Net Zero Asset Owner Alliance (NZAOA) said on Tuesday that nearly two thirds of its members had set short-term goals to cut portfolio emissions in line…
Indonesia central bank holds policy rate, will lift longer short-term yields
By Gayatri Suroyo and Fransiska Nangoy JAKARTA – Indonesia’s central bank left its policy interest rate unchanged at a record low on Thursday but said it would lift yields on other short-term…
Brazil’s central bank is discussing frost impacts on short-term inflation, says Campos Neto
BRASILIA – Brazil’s central bank chief Roberto Campos Neto said on Wednesday that policymakers are currently discussing the impacts on short-term inflation of expected frosts in the country, stressing that recent changes…
U.S. consumer short-term inflation outlook dips, spending plans rise -NY Fed survey
(Reuters) – U.S. consumers’ inflation expectations one year from now dipped in April but their view of inflation over the medium-term rose and household spending expectations also climbed to a record high,…
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