Bank of Canada cuts growth forecasts for 2025 and 2026

Bank of Canada cuts growth forecasts for 2025 and 2026

The Bank of Canada on Wednesday cut its growth forecasts for both 2025 and 2026, citing the dampening effect of government policies designed to curb population growth. The forecasts,...
January 29, 2025 at 09:48 am EST
Fed entering tough period for measuring money market liquidity

Fed entering tough period for measuring money market liquidity

The Federal Reserve, which wraps up its latest monetary policy meeting on Wednesday, is about to enter one of the more challenging periods of managing what most observers believe is the approaching...
January 29, 2025 at 09:44 am EST
Bank of Canada most likely to cut rates by 25 bps on Wednesday

Bank of Canada most likely to cut rates by 25 bps on Wednesday

The Bank of Canada is almost certain to trim its key policy rate by 25 basis points on Wednesday as a slew of factors, from potential cross-border tariffs to a reduced population target, keep the...
January 29, 2025 at 06:01 am EST
Brazil Azul says it concluded debt restructuring process

Brazil Azul says it concluded debt restructuring process

Brazilian airline Azul said on Tuesday it has finalized a debt restructuring process regarding financial obligations with bondholders, aircraft makers and firms that lease planes, according to a...
January 28, 2025 at 06:23 pm EST
Iron ore output from Brazil's Vale slid 4.6% in fourth quarter

Iron ore output from Brazil's Vale slid 4.6% in fourth quarter

Iron ore production from Brazilian miner Vale fell 4.6% during last year's fourth-quarter compared to the same period a year earlier, settling at 85.3 million metric tons, the company reported on...
January 28, 2025 at 04:20 pm EST
Bank lending prospects among key inputs for policymakers at Fed meeting

Bank lending prospects among key inputs for policymakers at Fed meeting

Credit data likely to be considered at a two-day Federal Reserve policy meeting that begins on Tuesday may show pumps primed for increased bank lending, even as the prospect for gains is complicated...
January 28, 2025 at 10:04 am EST
Argentina lifts tariffs on low-cost EVs and hybrids, cuts some auto taxes

Argentina lifts tariffs on low-cost EVs and hybrids, cuts some auto taxes

Argentina next week will lift import tariffs on some low-cost electric and hybrid vehicles, while cutting taxes on higher-priced cars and motorcycles, the nation's economy minister said on Tuesday. ...
January 28, 2025 at 08:35 am EST
Exclusive-Russian oil refining rises as US sanctions target crude exports - sources

Exclusive-Russian oil refining rises as US sanctions target crude exports - sources

Russian refineries are processing more crude oil in the hope of boosting fuel exports after new U.S. sanctions on Russian tankers and traders made exports of unprocessed crude more difficult, two...
January 27, 2025 at 10:05 am EST
Bank of Canada likely to cut rates by 25bps, give tariff impact analysis

Bank of Canada likely to cut rates by 25bps, give tariff impact analysis

The Bank of Canada will most likely trim its key benchmark rate by 25 basis points this week and is widely expected to offer an analysis on the impact of potential U.S. tariffs, economists and...
January 27, 2025 at 06:05 am EST
Lawyer group urges overhaul of US bank charter process to encourage new entrants

Lawyer group urges overhaul of US bank charter process to encourage new entrants

U.S. authorities must simplify the process to obtain bank charters, a group of lawyers wrote in a letter to the incoming leadership of banking agencies, emphasizing the industry's need to adapt in an...
January 27, 2025 at 02:45 am EST
Appetite for IPOs is strong, but watch those valuations, analysts say

Appetite for IPOs is strong, but watch those valuations, analysts say

The tepid reception to Venture Global's ambitious valuation target shows companies need to set realistic expectations when going public, Wall Street analysts said, and could be a signal that the...
January 24, 2025 at 11:57 am EST
US business activity at nine-month low in January; hiring accelerates

US business activity at nine-month low in January; hiring accelerates

U.S. business activity slowed to a ninth-month low in January amid rising price pressures, but firms reported boosting hiring, supporting the Federal Reserve's cautious approach to cutting interest...
January 24, 2025 at 09:51 am EST
Dax rushes from record to record - Trump creates a buying mood

Dax rushes from record to record - Trump creates a buying mood

Since the inauguration of US President Donald Trump, there has been no stopping the DAX: at the end of the week, the leading German index, which had just broken through the 21,000-point mark on...
January 24, 2025 at 07:03 am EST
Futures dip on Trump policy uncertainty; data, earnings awaited

Futures dip on Trump policy uncertainty; data, earnings awaited

U.S. stock index futures dipped on Friday, as uncertainty about President Donald Trump's trade policies prevailed, while investors also awaited data and corporate earnings reports that could throw...
January 24, 2025 at 06:26 am EST
Japan factory activity sinks to lowest level in 10 months, PMI shows

Japan factory activity sinks to lowest level in 10 months, PMI shows

Japan's factory activity slumped to the lowest level in 10 months on sluggish demand though the service sector strengthened further in January, preliminary business surveys showed on Friday. ...
January 23, 2025 at 07:44 pm EST
BOJ likely to raise rates to highest in 17 years, signal more hikes

BOJ likely to raise rates to highest in 17 years, signal more hikes

The Bank of Japan is expected to raise interest rates on Friday to levels unseen since the 2008 global financial crisis, as a broad worldwide stocks rally calms policymakers' fears U.S. President...
January 23, 2025 at 12:04 pm EST
US weekly jobless claims increase marginally

US weekly jobless claims increase marginally

The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting that solid job growth likely continued in January. Initial claims for...
January 23, 2025 at 08:36 am EST
Dax starts trading little changed after record run

Dax starts trading little changed after record run

After the price rally of the past few days, the DAX started trading on Thursday with little change. At 21,279 points, the leading German index was marginally firmer. The Dax broke...
January 23, 2025 at 06:54 am EST
Rate sensitivity haunts already elevated Brazil public debt

Rate sensitivity haunts already elevated Brazil public debt

Investors already concerned about Brazil's ballooning public debt load under veteran leftist President Luiz Inacio Lula da Silva are being forced to reckon with an additional risk: a government debt...
January 23, 2025 at 06:05 am EST
Japan cautious on economy as Trump's policies take centre stage

Japan cautious on economy as Trump's policies take centre stage

Japan's government on Thursday maintained a cautious outlook for the economy in part as policymakers kept a wary eye on U.S. President Donald Trump's policies and their potential impact on global...
January 23, 2025 at 04:34 am EST