New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

As the yen drops, gadget-loving Japan turns to used iPhones

TOKYO (Reuters) – For years Japanese shoppers have been eagerly waiting for the latest hardware, but now a weaker yen has put new iPhones out of reach for some and sparked a growing second-hand trade in a key market for Apple Inc. (AAPL.O). The Japanese currency’s slide to a 32-year low against the dollar has … Read more

China’s exports and imports shrink as coronavirus eases and global demand slows

October China’s exports and imports unexpectedly shrink Weak data is another blow to the faltering economy Global recession risks, curbing COVID in China darkens expectations Analysts expect further weakness in exports and imports BEIJING (Reuters) – China’s exports and imports unexpectedly contracted in October, the first simultaneous decline since May 2020, as rising inflation and … Read more

European debt market pressures force some governments to rewrite trading rules

Oct 31 (Reuters) – Some euro zone countries have relaxed rules for banks that handle the circulation of their government debt to help them weather some of the toughest market conditions in years, officials told Reuters. Of the 11 major eurozone debt agencies contacted by Reuters, officials in the Netherlands and Belgium told Reuters they … Read more

New Prime Minister Rishi Sunak has vowed to pull Britain out of the economic crisis

Sunak meets King Charles on Tuesday morning He pledges to rebuild confidence in the country It is expected to start forming the treasury Sunak faces a huge challenge to rebuild stability LONDON (Reuters) – Rishi Sunak became Britain’s third prime minister in two months on Tuesday, pledging to lead the country out of a deep … Read more

The race to be the UK’s next prime minister begins as momentum builds behind Boris Johnson

Mordaunt becomes the first to announce his intent to run Candidates must reach the target of 100 nominations Sunak is a bookmaker’s favourite The winner will be the fifth British Prime Minister in six years LONDON (Reuters) – Three senior ministers on Friday threw their weight behind Boris Johnson to return as prime minister after … Read more

British Prime Minister Truss vows to keep going as her party’s support wanes

Truss says she’s sorry for making mistakes She says it’s “rolled up” The economic agenda that caused the abolition of the market Some Conservative MPs have called for her to resign LONDON (Reuters) – British Prime Minister Liz Truss warned of tough times ahead after she scrapped her sweeping tax cut plan and said she … Read more

Analysis: Indonesia’s defenses begin to crumble against the relentless dollar

SINGAPORE (Reuters) – The Indonesian currency is falling and foreign money in bond markets is heading out, raising fears that Southeast Asia’s largest economy is finally beginning to collapse after months of perceived resilience in the face of global headwinds. Despite its history of ruthless market beatings during times of global economic stress, Indonesia was … Read more

Wall Street closed lower as the Fed pound exchange rate rose

Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow Jones down 1.15%, Standard & Poor’s 1.02%, Nasdaq 0.68% Oct 6 (Reuters) – Wall Street’s main indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payroll numbers … Read more