By Tetsushi Kajimoto TOKYO (Reuters) – Most Japanese companies hope Prime Minister Shinzo Abe’s ruling bloc will be able to keep its large majority in upper house elections on Sunday, a Reuters poll showed, despite concerns over his welfare and labor policies. The Corporate Survey found 60% of firms hoped the ruling bloc will keep […]
Fed’s Williams sees need to vaccinate economy against risk when rates are low NEW YORK (Reuters) – Policymakers need to add stimulus early to deal with too-low inflation when rates are near zero and cannot wait for economic disaster to unfold, a Federal Reserve policymaker said on Thursday. In what will likely be read as […]
LONDON (Reuters) – Former U.S. Federal Reserve chair Janet Yellen and Raghuram Rajan, former governor of the Indian central bank, have been deterred from applying for the job as the governor of the Bank of England because of the political turmoil caused by Brexit, the Financial Times reported on Thursday. The two, among the world’s […]
By David Lawder CHANTILLY, France (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Thursday that there are some “very good” European candidates to head the International Monetary Fund, but he is not taking for granted the tradition of European leadership at the institution. In an interview on the sidelines of a G7 meeting of […]
UK’s top tax official to step down in the Autumn LONDON (Reuters) – Britain’s most senior tax official, Jon Thompson, who angered many supporters of leaving the European Union, is to resign in the Autumn. Thompson, permanent secretary at Her Majesty’s Revenue and Customs (HMRC), even received two death threats last year after disclosing that […]
Position shifts point to pause in Brazil market rally By Jamie McGeever BRASILIA (Reuters) – Having surged ahead of anticipated congressional passage of a pension reform in recent months, Brazilian financial markets find themselves at a crossroad. Investors now have to figure out how much of the long-awaited leap on the fiscal and economic reform […]
By Sujata Rao (Reuters) – Rate cut bets and rallying equity and bond markets are feeding into a gradual loosening of financial market conditions that could potentially send world growth ticking higher by the end of the year, a closely watched index suggests. Financial conditions are crucial for economic activity because they often dictate the […]
By Francesco Canepa and Leigh Thomas CHANTILLY, France (Reuters) – Global regulators will not let Facebook launch its Libra currency until all their concerns, ranging from money laundering to financial stability, have been addressed and “a prolonged discussion” may be needed first, the man in charge of their response told Reuters. Facebook (O:) announced Libra […]
2/2 © Bloomberg. Steven Mnuchin in Chantilly on July 18. 2/2 (Bloomberg) — Treasury Secretary Steven Mnuchin signaled he would agree to a short-term debt limit increase if Congress can’t reach a long-term solution that includes a budget deal before its August recess. Mnuchin has said that under one of the Treasury Department’s most conservative […]
WASHINGTON (Reuters) – U.S. and Chinese officials will hold a telephone call later on Thursday, and further in-person trade talks could be possible depending on how their discussion goes, U.S. Treasury Secretary Steven Mnuchin said. Mnuchin, speaking in a CNBC interview from a G7 meeting in France, said he and U.S. Trade Representative Robert Lighthizer […]