Analysis-Bond traders prepare to brave 'painful' yield curve bets as rate hikes slow
Analysis-Bond traders prepare to brave 'painful' yield curve bets as rate hikes slow
By Harry Robertson LONDON (Reuters) - Bond traders are eyeing a return to a type of trade that left them battered earlier this year - betting on yield curves returning to a more...
 14 minutes ago
Thai central bank to cut growth outlook, may hold or hike rates at next review - governor
Thai central bank to cut growth outlook, may hold or hike rates at next review - governor
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand's central bank might hold or raise its key interest rate at its September review as the economy continues...
 42 minutes ago
Explainer-Why Germany's property sector is in the dumps
Explainer-Why Germany's property sector is in the dumps
By Tom Sims FRANKFURT (Reuters) - Germany has long benefited from an era of cheap money that fuelled a decade-long boom in real estate, but now the sector is grappling with a...
 1 hour ago
Analysis - Rising bond yields emerge as pressure point for US stock rally
Analysis - Rising bond yields emerge as pressure point for US stock rally
By Lewis Krauskopf NEW YORK (Reuters) - Rising U.S. bond yields are unnerving investors and worsening stocks turbulence as markets confront a pileup of unwelcome news, from last...
 2 hours ago
VP Harris promises a 'raise' for US workers on federal projects
VP Harris promises a 'raise' for US workers on federal projects
By Jarrett Renshaw PHILADELPHIA (Reuters) - The Biden administration moved on Tuesday to boost wages and worker protections on federally funded construction projects, drawing the...
 2 hours ago
White House to detail plans restricting some US investments in China - source
White House to detail plans restricting some US investments in China - source
By Karen Freifeld and David Shepardson NEW YORK/WASHINGTON (Reuters) - The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology...
 3 hours ago
South Korea household borrowing grows further, countermeasures eyed
South Korea household borrowing grows further, countermeasures eyed
SEOUL (Reuters) - South Korea's household borrowing grew in July for a fourth straight month and by the biggest amount in almost two years, central bank data showed on Wednesday,...
 4 hours ago
Australia's CBA posts record FY profit, says arrears rising amid cost pressure
Australia's CBA posts record FY profit, says arrears rising amid cost pressure
By Byron Kaye and Sameer Manekar SYDNEY (Reuters) - Commonwealth Bank of Australia (OTC:CMWAY), the country's biggest lender, posted record annual profit on Wednesday as rising...
 4 hours ago
India July inflation likely breached RBI's 6% upper tolerance level: Reuters poll
India July inflation likely breached RBI's 6% upper tolerance level: Reuters poll
By Milounee Purohit BENGALURU (Reuters) - India's retail inflation likely accelerated to 6.40% in July on surging food prices, breaching the upper end of the Reserve Bank of...
 5 hours ago
Rivian lifts 2023 EV production target, reassures on liquidity
Rivian lifts 2023 EV production target, reassures on liquidity
By Abhirup Roy and Akash Sriram (Reuters) - Rivian Automotive on Tuesday raised its full-year production forecast, and its chief executive said the electric vehicle maker has...
 8 hours ago
UK inflation to exceed BoE target for next 4 years: NIESR
UK inflation to exceed BoE target for next 4 years: NIESR
By David Milliken LONDON (Reuters) - The Bank of England will not succeed in returning inflation to its 2% target before 2028 at the earliest, according to forecasts from a...
 8 hours ago
Marketmind: China seen sliding into deflation
Marketmind: China seen sliding into deflation
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The first round of top-tier Chinese economic data this...
 9 hours ago
PE firm KKR acquires $373 million portfolio of Synovus Bank's prime auto loans
PE firm KKR acquires $373 million portfolio of Synovus Bank's prime auto loans
(Reuters) - Private equity giant KKR said on Tuesday it had acquired a $373 million portfolio of prime auto loans from Synovus (NYSE:SNV) Bank. Shares of Synovus Financial, the...
 9 hours ago
Easing inflation to help Canada's 'serious' housing shortage -minister
Easing inflation to help Canada's 'serious' housing shortage -minister
By David Ljunggren OTTAWA (Reuters) - The shortage of affordable housing in Canada is "a very serious challenge" that could ease as inflation eases and interest rates become more...
 10 hours ago
Quotes- U.S. bank stocks slide after Moody's ratings downgrade
Quotes- U.S. bank stocks slide after Moody's ratings downgrade
By Nupur Anand NEW YORK (Reuters) - U.S. bank shares slid on Tuesday after Moody's (NYSE:MCO) downgraded several small to mid-sized banks and said it may revise the credit ratings...
 10 hours ago
US credit card debt tops $1 trillion, overall consumer debt little changed
US credit card debt tops $1 trillion, overall consumer debt little changed
By Ann Saphir (Reuters) -Americans borrowed more than ever on their credit cards in the last quarter, the New York Federal Reserve Bank said on Tuesday, with balances surpassing...
 12 hours ago
US tech groups back TikTok in challenge to Montana state ban
US tech groups back TikTok in challenge to Montana state ban
By David Shepardson WASHINGTON (Reuters) -Two tech groups on Monday backed TikTok in its lawsuit seeking to block enforcement of a Montana state ban on use of the short video...
 12 hours ago
Household credit card debt rose above $1 trillion in the second quarter, Fed says
Household credit card debt rose above $1 trillion in the second quarter, Fed says
-- American households are putting it on plastic these days, with credit card balances reaching $1.03 trillion in the second quarter, according to the latest report...
 12 hours ago
Texas Republican ties US homeland security funding to border demands
Texas Republican ties US homeland security funding to border demands
By David Morgan WASHINGTON (Reuters) - A prominent hardline conservative from Texas urged his fellow Republicans in the U.S. Congress on Tuesday to withhold funding from the...
 13 hours ago
Review found Afghan central bank lacks independence from Taliban - US watchdog
Review found Afghan central bank lacks independence from Taliban - US watchdog
By Jonathan Landay WASHINGTON (Reuters) - A U.S.-funded assessment of Afghanistan's central bank found that it lacks independence from the Taliban administration and adequate...
 13 hours ago
Analysis-No decoupling, but West and China drift apart
Analysis-No decoupling, but West and China drift apart
By Mark John (Reuters) - China's unexpectedly poor export performance as revealed on Tuesday is still largely down to wider economic headwinds. But underlying trade and investment...
 16 hours ago
Fed may be at point to 'hold rates steady,' Harker says
Fed may be at point to 'hold rates steady,' Harker says
By Dan Burns (Reuters) -Barring any abrupt change in the direction of recent economic data, the U.S. Federal Reserve may be at the stage where it can leave interest rates where...
 17 hours ago
Singapore PM Lee reassures public amid political scandals, inflation
Singapore PM Lee reassures public amid political scandals, inflation
SINGAPORE (Reuters) -Singapore Prime Minister Lee Hsien Loong on Tuesday sought to reassure the public after a spate of political scandals rocked his ruling party in recent months...
 19 hours ago
Eli Lilly, UPS ahead, SoftBank's surprise loss - what's moving markets
Eli Lilly, UPS ahead, SoftBank's surprise loss - what's moving markets
-- U.S. stock futures point lower ahead of a raft of new corporate earnings that include results from Eli Lilly and UPS. Elsewhere, SoftBank slips to a surprise...
 21 hours ago
Australian $100 billion pension fund says active in Japan, neutral on China
Australian $100 billion pension fund says active in Japan, neutral on China
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) - Australia's third largest pension fund will stay active in Japanese markets in the coming months and is neutral about China...
 23 hours ago
India rate panel to dial up hawkishness even as it holds policy steady
India rate panel to dial up hawkishness even as it holds policy steady
By Swati Bhat MUMBAI (Reuters) - India's monetary policy committee (MPC) is expected to maintain key rates when it meets on Thursday, but will adopt a far more hawkish tone as the...
 Aug 07, 2023
US court blocks Biden debt relief rule benefiting defrauded students
US court blocks Biden debt relief rule benefiting defrauded students
By Nate Raymond (Reuters) -A federal appeals court on Monday blocked the Biden administration from proceeding with another piece of its student debt relief agenda, a rule that...
 Aug 07, 2023
Public debt expected to fall in most Pacific countries -World Bank
Public debt expected to fall in most Pacific countries -World Bank
By Lucy Craymer WELLINGTON (Reuters) - Public debt in most Pacific countries is expected to fall in the next 12 months as countries move towards the gradual unwinding of COVID-19...
 Aug 07, 2023
Brazil official defends progress on protecting forests, blasts EU ban
Brazil official defends progress on protecting forests, blasts EU ban
By Ana Mano SAO PAULO (Reuters) - Brazil believes European Union rules banning products coming from areas of deforestation are "an affront" of World Trade Organization (WTO)...
 Aug 07, 2023
Reserve Bank of New Zealand: stress test shows life insurers can withstand shocks
Reserve Bank of New Zealand: stress test shows life insurers can withstand shocks
By Lucy Craymer WELLINGTON (Reuters) - Reserve Bank of New Zealand said on Tuesday that its first life insurance industry stress test showed large insurers are well placed to...
 Aug 07, 2023
UK food price inflation to fall to 10% in late 2023, BoE's Pill says
UK food price inflation to fall to 10% in late 2023, BoE's Pill says
By David Milliken LONDON (Reuters) - British food price inflation is likely to fall to around 10% later this year, but will need to drop further for overall consumer price...
 Aug 07, 2023
Analysis-Will AI be an economic blessing or curse? History offers clues
Analysis-Will AI be an economic blessing or curse? History offers clues
By Mark John (Reuters) - If medieval advances in the plough didn't lift Europe's peasants out of poverty, it was largely because their rulers took the wealth generated by the new...
 Aug 07, 2023
Fed should do more to encourage discount window use: ex-Fed staffer
Fed should do more to encourage discount window use: ex-Fed staffer
By Ann Saphir (Reuters) - Regulatory guidelines issued in late July encouraging banks to incorporate the Federal Reserve's so-called discount window into their contingency funding...
 Aug 07, 2023
Sri Lanka central bank chief: monetary policy transmission still incomplete
Sri Lanka central bank chief: monetary policy transmission still incomplete
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country's central...
 Aug 07, 2023
Fed officials sketch case on both sides of rate debate
Fed officials sketch case on both sides of rate debate
(Reuters) -The contours of the debate at the heart of the Federal Reserve's policy decision next month came into clearer view on Monday as officials outlined the case for and...
 Aug 07, 2023