All News Results

  • BRIEF-Canada auction of C$4 billion 2032 bond yields average 2.801%

    * CANADA AUCTION OF C$4 BILLION 2032 BOND YIELDS AVERAGE 2.801% * CANADA 2% 2032 BOND AUCTION YIELDS LOW 2.797%, HIGH 2.805% Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/nominal-bonds/

  • GLOBAL MARKETS-Global shares rise ahead of Fed minutes

    * Treasury yields fall before Fed minutes. * Wall Street rises on growth stocks. * U.S. dollar snaps two-day losing streak. By Elizabeth Dilts Marshall. Stock markets rose and benchmark U.S. treasury yields fell on Wednesday as traders waited for news from the U.S. Federal Reserve - the world's most influential central bank - that might shed light on the path of its policy tightening.

  • Fed's George to retire in January, search for successor begins

    • BY Reuters|
    • 12:01 PM ET 05/25/2022

    - Federal Reserve Bank of Kansas City President Esther George will retire in January after 11 years as one of the U.S. central bank's more hawkish policymakers, and a search for her successor has begun, the regional Fed bank said on Wednesday. George's retirement by age 65 is mandated under rules for Fed bank presidents.

  • Africa risks stagflation due to pandemic, Ukraine war - AfDB

    Africa risks sliding into stagflation - a cycle of slow growth and high inflation - as it battles the lingering effects of the pandemic and rising fuel and food prices caused by the Ukraine conflict, the African Development Bank said on Wednesday. Despite experiencing relatively low death rates compared to more developed regions, Africa was dealt a heavy economic blow by the COVID-19 pandemic.

  • Putin hikes Russian pensions, plays down Ukraine impact on economy

    • BY Reuters|
    • 11:53 AM ET 05/25/2022

    President Vladimir Putin ordered 10% rises on Wednesday in pensions and the minimum wage to cushion Russians from inflation, but denied the country's economic problems were all linked to the war in Ukraine. With annual inflation near 18% last month, the Kremlin leader acknowledged that 2022 would be a "difficult" year for the Russian economy.

  • Africa risks stagflation due to pandemic, Ukraine war - AfDB

    Africa risks sliding into stagflation - a cycle of slow growth and high inflation - as it battles the lingering effects of the pandemic and rising fuel and food prices caused by the Ukraine conflict, the African Development Bank said on Wednesday. Despite experiencing relatively low death rates compared to more developed regions, Africa was dealt a heavy economic blow by the COVID-19 pandemic.

  • Canada's Scotiabank, BMO beat profit forecasts but see challenges ahead

    Bank of Nova Scotia and Bank of Montreal reported better-than-expected second-quarter profits but forecast higher expenses and loan-loss provisions and slower mortgage growth, due to the impact of rising inflation and interest rates and a challenging economic environment.

  • Analysis: UN's grain-for-fertiliser plan holds little appeal for Moscow

    - Russia has little to gain from agreeing to a U.N. proposal that it unblock Ukraine's grain exports via the Black Sea in exchange for the freeing of Russian and Belarusian fertiliser exports from Western sanctions, industry experts in Russia say.

  • Brussels says about $24 billion of Russian central bank assets frozen in EU, less than expected

    • BY Reuters|
    • 11:24 AM ET 05/25/2022

    European Union states have reported the freezing of about 23 billion euros of assets of the Russian Central Bank, a top EU official said on Wednesday, revealing for the first time a figure that was expected to be much higher. Russia has publicly said that Western sanctions led to the freezing of about $300 billion of its central bank's assets globally.

  • Mexico cenbanker says economy could grow 2.8% in 2022 if pace upheld

    • BY Reuters|
    • 11:23 AM ET 05/25/2022

    Mexico's economy could grow by 2.8% in 2022 if it keeps expanding at a quarterly rate of 1.0%, as it did during the first three months of the year, Mexican central bank board member Jonathan Heath said on Wednesday. Heath made his comments on Twitter.

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