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BUENOS AIRES, Dec 10 (Reuters) – Argentina libertarian economist Javier Milei took office on Sunday warning in his maiden speech that he had no alternative to a sharp, painful fiscal shock to fix the country’s worst economic crisis in decades, with inflation heading towards 200%. “There is no alternative to a shock adjustment,” he said … Read more
Argentina domestic markets re-open after Monday bank holiday International bonds, US-listed stocks surged in post election rally U.S.-premarket indications point to more equities gains LONDON, Nov 21 (Reuters) – Investors were buckling up on Tuesday as Argentina’s local markets prepared to reopen after the weekend’s presidential election win of radical libertarian outsider Javier Milei. Argentina’s … Read more
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Federal Reserve Vice Chair Philip Jefferson speaks at a conference of the National Association for Business Economics in Dallas, Texas, U.S., October 9, 2023. REUTERS/Ann Saphir/File Photo Acquire Licensing Rights NEW YORK, Nov 16 (Reuters) – The three newest Federal Reserve governors, including Vice Chair Philip Jefferson, have told a U.S. senator it’s unclear how … Read more
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The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights Oct 19 (Reuters) – U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few months, … Read more
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A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS/Njeri Mwangi/File photo Acquire Licensing Rights MARRAKECH, Morocco, Oct 12 (Reuters) – Kenya is planning to buy back up to a quarter of its $2 billion 2024 international bond before year-end after it secures … Read more
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BAGHDAD, Oct 5 (Reuters) – Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its hard currency reserves in financial crimes and the evasion of U.S. sanctions on Iran, a top Iraqi central bank official said. The move aims to … Read more
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[1/2]U.S. Dollar and Euro notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo Acquire Licensing Rights NEW YORK, Sept 14 (Reuters) – The dollar index surged to a six-month high on Thursday, as economic data was mostly stronger than anticipated and the European Central Bank (ECB) signaled it was likely done … Read more
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Aug 2 (Reuters) – Fitch’s downgrade of the U.S. credit rating is likely to exacerbate unease about the country’s debt position, political polarization and the global standing of the U.S. dollar, investors … Read more