MANILA (Reuters) – The Philippines’ central bank considers it “dangerous” to cut interest rates faster than a policy easing by the U.S. Federal Reserve, its governor said on Wednesday. While Philippine inflation will decelerate to below 4% late this year, the Bangko Sentral ng Pilipinas (BSP) aims to keep its interest rate differential with…
By Khalid Abdelaziz KHARTOUM (Reuters) -Fighting flared anew in Sudan late on Tuesday despite a ceasefire declaration by the warring factions, as a U.N. envoy said the truce was partially holding even though there was no sign that the two sides were ready for serious talks. The Sudan Armed Forces (SAF) and paramilitary Rapid Support…
By Aditya Soni and Nivedita Balu (Reuters) -Star host Tucker Carlson’s abrupt exit from Fox News is likely to hit short-term ratings but could nudge more mainstream advertisers to consider a network they have snubbed for being too partisan, investors and analysts said. News of his departure on Monday wiped nearly $1 billion from the…
By Aditya Soni and Nivedita Balu (Reuters) -Star host Tucker Carlson’s abrupt exit from Fox News is likely to hit short-term ratings but could nudge more mainstream advertisers to consider a network they have snubbed for being too partisan, investors and analysts said. News of his departure on Monday wiped nearly $1 billion from the…
HONG KONG (Reuters) – Hong Kong private home prices in March rose for the third month and edged up 1.4% from February, as the reopened border with China and a raft of new launches by property developers at attractive prices boosted market sentiment. The rise in home prices last month followed a revised 2.4% gain…
By Rodrigo Campos NEW YORK (Reuters) -Argentina’s Economy Minister Sergio Massa pledged on Tuesday to unleash “all tools” to counter a slide in the peso currency that President Alberto Fernandez blamed on “Argentina’s right”, as the currency hit a fresh low in popular black markets. The peso hit 495 against the dollar in informal markets…
By Rodrigo Campos NEW YORK (Reuters) -Argentina’s Economy Minister Sergio Massa pledged on Tuesday to unleash “all tools” to counter a slide in the peso currency that President Alberto Fernandez blamed on “Argentina’s right”, as the currency hit a fresh low in popular black markets. The peso hit 495 against the dollar in informal markets…
By Wayne Cole SYDNEY (Reuters) -Australian inflation eased from 33-year highs in the first quarter as the cost of living saw the smallest rise in more than a year, while core inflation dipped below forecasts suggesting less pressure for another hike in interest rates. Investors reacted by lengthening the odds on the Reserve Bank of…
By Steve Gorman and Daniel Trotta (Reuters) – Most of the vast, scenic valley at the heart of Yosemite National Park in California will close to visitors this weekend in a rare shutdown prompted by forecasts of floods from rapid snowmelt. The closure will start at 10 p.m. on Friday and last at least until…
MEXICO CITY (Reuters) – The Bank of Mexico’s governing board may consider keeping its benchmark interest rate steady at its next monetary policy meeting, in what would be its first rate hold after 15 straight hikes, Central Bank Governor Victoria Rodriguez said on Tuesday. Banxico, as the Mexican central bank is known, hiked its key…
