By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials remain set to raise interest rates at their May 2-3 meeting but key data between now and then, particularly a survey of bank lending officers, may shape how they weight the risks facing the U.S. economy and whether they decide to pause further increases. Since…
By Nell Mackenzie PARIS (Reuters) – The biggest threat to the economic outlook is a credit squeeze that has not finished filtering through the financial system, a senior official at Fidelity International told a European equities conference on Wednesday. For asset managers, hedge funds and traders gathered in Paris for the Tradetech equity trading conference,…
By Libby George and Jorgelina do Rosario LONDON (Reuters) -Brazil’s central bank Governor Roberto Campos Neto said on Friday that the bank’s independence is crucial for the country’s economy, as political pressure mounted for it to reduce borrowing costs. President Luiz Inacio Lula da Silva and other politicians have pressured the bank to lower benchmark…
OSLO (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, on Friday posted a 5.9% return on investment for the first quarter boosted by rising equity markets. “It’s actually one of the strongest quarters we ever had,” Deputy CEO Trond Grande said in a video posted on LinkedIn. Despite market turmoil…
(Reuters) – The Mexican parliament’s lower house voted to press ahead with the proposed overhaul of the country’s mining laws which include shortening concessions, tightening water permits and giving back some profits, moves criticized by industry leaders. Mexico is the world’s top silver producer and one of the largest producers of copper and gold. Since…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan is expected to maintain its ultra-easy monetary policy, including its interest rate targets and a 0.5% cap set for the 10-year government bond yield, at next week’s rate review, said four sources familiar with its thinking. At the two-day review ending on April…
By Matthew Chye (Reuters) – Chile’s President Gabriel Boric announced on Thursday he would nationalise the country’s vast lithium industry to boost the economy and protect the environment. The shock announcement is the latest in a trend as countries look to assert greater control over key resources amid intensifying competition for materials that are crucial…
LONDON (Reuters) -Glencore on Friday reported lower copper, zinc and nickel production in the first quarter but said it expects its trading division to exceed the top end of annual guidance. The miner and trader, which is pursuing a takeover bid for Canada’s Teck Resources, left overall 2023 guidance for copper unchanged at 1.04 million…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s financial system has remained “sound and resilient” despite heightened financial sector jitters in the West stemming from U.S. bank failures in March, the Bank of Japan said in its semi-annual financial system report. However, the central bank also said that vigilance against tail risks were warranted. “Future developments…
OSLO (Reuters) -Norway’s sovereign wealth fund, one of the world’s largest investors, said on Friday it will support a plan by Canadian miner Teck Resources to spin off its metallurgical coal business and focus on copper and zinc. By voting in favour of the Teck board’s proposed spin-off at a meeting of shareholders on April…
