By Canan Sevgili and Ezgi Erkoyun ISTANBUL (Reuters) – Turkish stocks were set for their worst week since the aftermath of 2008’s Lehman Brothers collapse on Friday as concerns about this week’s detention of President Tayyip Erdogan’s main political rival refused to subside. The lira was set for a 4% weekly slump despite aggressive action…
By Walter Bianchi and Aida Pelaez-Fernandez BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate accelerated to 2.4% in February, in line with analyst estimates, data from the INDEC statistics agency showed on Friday. This marks an acceleration from the 2.2% recorded in January, as housing and public services expenses rose nearly 4%. Inflation in the…
LONDON (Reuters) – Britain’s housing market had its slowest month in more than a year in February as a rush by buyers to close deals ahead of the expiry of a tax break ran out of steam, a survey published on Thursday showed. The Royal Institution of Chartered Surveyors said buyer demand was the weakest…
LONDON (Reuters) – Britain’s housing market had its slowest month in more than a year in February as a rush by buyers to close deals ahead of the expiry of a tax break ran out of steam, a survey published on Thursday showed. The Royal Institution of Chartered Surveyors said buyer demand was the weakest…
By Satoshi Sugiyama TOKYO (Reuters) -Japan’s economy expanded in the October-December quarter at a slower pace than initially reported, weighed by weaker consumption but still likely supporting the case for further interest rate hikes. At the same time, government officials and analysts expressed concern about risks from U.S. President Donald Trump’s tariff policies and soft…
By Leika Kihara TOKYO (Reuters) – Japan’s Economy Minister Ryosei Akazawa said on Tuesday the government will work closely with the Bank of Japan (BOJ) in reaching its 2% inflation target as rising living costs hurt households. The government and central bank are striving to achieve the inflation goal in a stable manner and have…
By Shashwat Chauhan and Purvi Agarwal (Reuters) – Latin American markets soared on Wednesday, with Mexico’s peso regaining more of its tariff-driven losses as investors hoped for some relief from U.S. tariffs, while a weaker dollar also provided a lift. In the latest move, U.S. President Donald Trump said he would exempt automakers from the…
NEW YORK (Reuters) – The World Bank issued a $225 million, principal-protected nine-year bond linked to reforestation in the Amazon, the global lender said on Tuesday, calling it the biggest outcome bond it has ever priced. The 2033 bond offers investors a return linked to the creation of carbon removal units from reforestation initiatives in…
By Makailah Gause NEW YORK (Reuters) – The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market turbulence resulting from last week’s softer-than-expected employment report. The 30-year fixed-rate mortgage averaged 6.47% during the week ending Aug. 8, down from 6.73% in the…
By Hari Kishan BENGALURU (Reuters) – Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher inflation even as they cling on to their forecasts for interest rate cuts. While most major central banks were successful last year in taming sky-rocketing…