Citi sees case for Fed to lower rates by 50 bps in July
FILE PHOTO: A woman walks past a Citibank logo displayed outside the Citibank Plaza in Hong Kong July 28, 2014. REUTERS/Bobby Yip NEW YORK (Reuters) – Citi economists said on…
Goldman skeptical of ‘insurance’ U.S. rate cuts from Fed
(Reuters) – Goldman Sachs economists said on Sunday they are skeptical of “insurance” U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due…
Take Five: The Fed and the rest
With President Donald Trump’s trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically increased in the past month. Money market pricing became even…
Italy to scrap incentives for Whirlpool plant in Naples
FILE PHOTO: The administrative entrance at the Whirlpool plant in Clyde, Ohio, United States, October 3, 2017. REUTERS/Aaron Josefczyk/File Photo MILAN (Reuters) – The Italian government will move on Tuesday…
U.S. Fed sees no strong case for hiking or cutting rates
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and…
Euro, pound rally on Brexit concession; global stocks dip
NEW YORK (Reuters) – Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report…
U.S. tariffs to stay on Turkey, Qatar offers Ankara aid
ISTANBUL/WASHINGTON (Reuters) – The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as…
Russia’s VTB Bank says no longer lending to Deripaska: CNBC
MOSCOW (Reuters) – VTB (VTBR.MM), Russia’s second-largest bank, has stopped lending to sanctioned Russian metals tycoon Oleg Deripaska, VTB’s President Andrei Kostin told CNBC in an interview released on Wednesday.…
A U.S. recession ahead? Fed policymakers say not to worry
CHICAGO/SAN FRANCISCO (Reuters) – As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation has risen over whether the so-called yield…
New York Fed launches U.S. Libor contender, slow takeup seen
(Reuters) – The New York Federal Reserve launched a benchmark U.S. rate on Tuesday to potentially replace Libor, and market participants hope it will prove more reliable after a long…