The Fed commits to a 75 basis point hike in July. 40% chance of stagnation

The Federal Reserve Building in Washington on September 1, 2015. REUTERS/Kevin Lamarque/File Photo Register now to get free unlimited access to Reuters.com Register BENGALURU (Reuters) – The US Federal Reserve will choose another 75 basis point interest rate hike rather than a bigger move at its meeting next week to cool high inflation as the … Read more

Asian stocks weaken as traders eye central bank rate plans

European futures are down, US futures are a little higher Tech names led Asian stocks lower, but Japan backtracks The euro maintained its recent gains, and the Australian dollar rose after the minutes of the Reserve Bank of Australia meeting Oil and gold slip HONG KONG (Reuters) – Asian stocks fell on Tuesday after overnight … Read more

The contenders for the British Prime Minister quarrel over tax cuts in a TV debate

Five challenged to succeed Boris Johnson as British Prime Minister The second of three televised debates on Sunday Tax plans at the heart of the hot contest Polls show a conflicting picture of who is the winner LONDON (Reuters) – The five Conservative party contenders still vying for Britain’s next prime minister battled over tax … Read more

Big default? Dozens of countries are in the danger zone

LONDON (Reuters) – Traditional debt crisis indicators point to currency collapses, 1,000 basis point bond spreads and burnt foreign exchange reserves to a record number of developing countries now in trouble. Lebanon, Sri Lanka, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least a dozen others are in … Read more

Ukraine condemns deadly missile strike as war overshadows G20 meeting

At least 23 killed in Russian attack: Ukrainian officials Russia denies targeting civilians Yellen criticizes Russian officials at G20 meeting Nations pledge to cooperate in war crimes investigations VENEZIA, Ukraine (Reuters) – Senior Western officials directly accused their Russian counterparts of war crimes on Friday after Russian missiles hit a Ukrainian city far from the … Read more

The dollar catches its breath as Federal Reserve officials leave the market contemplating the path of interest rates

A woman holds US dollar bills in this illustration taken on May 30, 2022. REUTERS/Dado Rovich/Illustration Register now to get free unlimited access to Reuters.com Register TOKYO (Reuters) – The dollar hovered below a two-decade high in Asian trading on Friday, after falling overnight after two Federal Reserve policymakers said they favored a rate hike … Read more

Protest sites calm in Sri Lanka as president resigns

President Rajapaksa on his way to Singapore from Maldives source Sri Lanka’s interim president imposes curfew in Colombo Protesters return the residences of the president and prime minister COLOMBO (Reuters) – Sri Lanka’s main city, Colombo, was calm on Thursday as people waited for the resignation of President Gotabaya Rajapaksa, who fled to the Maldives … Read more

Analysis: Euro at par. Its fate is now with the energy markets

Euro coins sinking into the water in this illustration taken, May 23, 2022. REUTERS/Dado Rovich/Illustration Register now to get free unlimited access to Reuters.com Register LONDON (Reuters) – The euro’s plunge below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if … Read more

Bank of Canada surprises markets with biggest rate hike in 24 years

OTTAWA (Reuters) – The Bank of Canada on Wednesday raised its key interest rate by 100 basis points in an attempt to smash inflation, surprising markets and becoming the first G7 country to make such a dramatic hike in this economic cycle. The central bank raised the interest rate to 2.5% from 1.5%, the largest … Read more

Eight candidates are running to replace British Prime Minister Johnson

Johnson had to announce his resignation due to scandals Eight get enough nominations to replace him, two leave Pledges to cut taxes dominate contentious party competition Favorite Sunak says inflation must be curbed LONDON (Reuters) – Eight Conservatives are in the fight to succeed Boris Johnson as party leader and British Prime Minister after winning … Read more