A look at the day ahead in U.S. and global markets from Mike Dolan Out of the frying pan, and into the fire? Relief over the likely lifting of the U.S. debt ceiling this week is being reined in by the uncomfortable prospect of even higher Federal Reserve interest rates – and the further evaporation…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan will closely watch currency market moves and respond “appropriately” as needed, the country’s top currency diplomat said on Tuesday after top financial authorities met in response to a weakening in the yen to a six-month low versus the dollar. “Currency rates should move stably reflecting fundamentals and excessive volatility…
By Sabine Siebold BRUSSELS (Reuters) – NATO foreign ministers will seek to narrow divisions over Ukraine’s membership bid at a meeting in Oslo this week, with allies at odds over calls to grant Kyiv a road map to accession at their July summit. NATO has not acceded to Ukraine’s request for fast-track membership as Western…
By Paritosh Bansal (Reuters) -Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. But now, as a U.S. monetary policymaker, he worries even more about inflation. “I think if I had to err, I would err on being a little bit too aggressive in terms of bringing inflation down,” the president…
(Corrects day of the week in first paragraph) FRANKFURT (Reuters) – The euro zone’s top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or otherwise ran into trouble, the European Central Bank warned on Tuesday. The ECB study looked into the risk of spillovers…
(Corrects day of the week in first paragraph) FRANKFURT (Reuters) – The euro zone’s top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or otherwise ran into trouble, the European Central Bank warned on Tuesday. The ECB study looked into the risk of spillovers…
By Dan Williams JERUSALEM (Reuters) – A top Israeli official played down prospects for a U.S.-brokered diplomatic breakthrough with Saudi Arabia on Tuesday, describing Prime Minister Benjamin Netanyahu’s government as “in a fog” on any progress in related talks between Riyadh and Washington. Deeming the forging of formal Israeli-Saudi ties a U.S. interest, President Joe…
SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world’s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000…
By Julien Pretot and Shrivathsa Sridhar PARIS (Reuters) -Serbian world No. 3 Novak Djokovic risked stirring up a political controversy at the French Open on Monday, after writing a message about Kosovo on a camera lens following his first-round victory. “Kosovo is the heart of Serbia. Stop the violence,” 22-time Grand Slam champion Djokovic wrote…
By Laura Sanicola (Reuters) -The U.S. Department of Justice is investigating a California unit of oil refiner PBF Energy Inc over a November emissions release, the company said. PBF Energy’s Martinez refinery emitted a “powdery substance” later determined to be spent catalysts used in the refining process last Nov. 24 and 25 and had…
