interest-rates
Top StoriesWorld Stocks Gain, US Yields Fall at Start of Jam-Packed Week
Top StoriesSurging Yen Upends Popular Global Fx Carry Trades
Top StoriesMajor Chinese Banks Cut Deposit Rates After Reduction in Lending Rates
Top StoriesUK Pay Settlements Hold at 4.9% in Three Months to June
Visa Reports Rare Quarterly Revenue Miss, Shares Drop
Date: July 24, 2024
By Arasu Kannagi Basil (Reuters) -Visa’s third-quarter revenue growth fell short of Wall Street targets in a rare miss for the world’s largest payments processor as steep borrowing costs limited consumer spending, sending its shares down 4.6% in extended trading. The U.S. Federal Reserve’s efforts to curb inflation have taken interest rates to their...
Aussie, Kiwi Dollars Struggle on China’s Rate Cuts; Dollar Adrift
Date: July 23, 2024
By Rae Wee SINGAPORE (Reuters) – The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China’s move to cut several key interest rates, while the dollar was little changed as it awaited fresh impetus. China on Monday surprised markets by cutting major short and long-term interest rates in its first...
China Surprises With Cuts to Key Rates to Support Weak Economy
Date: July 22, 2024
SHANGHAI (Reuters) -China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in efforts to boost growth in the world’s second-largest economy. The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every five...
Dollar Eases as Biden Ends Reelection Bid; Yuan Steady After Rate Cut
Date: July 22, 2024
By Kevin Buckland TOKYO (Reuters) – The dollar eased on Monday in the initial reaction to U.S. President Joe Biden’s decision to end his reelection campaign, clearing the way for another Democrat to challenge Donald Trump. China’s yuan was largely unfazed by the central bank’s decision to cut a key interest rate. The U.S....
Big Central Banks Are Starting to Cut Rates, Slowly
Date: July 18, 2024
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – The move to ease monetary policy among major central banks is proving much slower than the race to jack up interest rates from late 2021 to curtail surging inflation. The European Central Bank left rates steady on Thursday, after delivering a first cut in June. The...
Oil Edges up as US Inflation Data Raises Rate Cut Hopes
Date: July 11, 2024
By Shariq Khan NEW YORK (Reuters) -Oil prices rose on Thursday, keeping the Brent benchmark above $85 a barrel, as hopes rose for U.S. interest rate cuts after data showed an unexpected slowdown in inflation. Brent crude futures were up 23 cents, or 0.3%, at $85.31 a barrel by 12:21 p.m. ET (1621 GMT). U.S....