Feb 28 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATE COUNTRY AUCTION DETAILS 28-FebGermany Auction of 10-year Federal bonds 28-FebSwedenAuction of Treasury bills1-MarSpain Bond auction1-MarUnited KingdomAuction of 0 3/4 % Treasury Gilt 20231-MarJapan 3...Read More
Feb 28 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- WEDNESDAY, FEBRUARY 28 SINGAPORE -...Read More
Feb 28 (Reuters) -For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- WEDNESDAY, FEBRUARY 28 OTTAWA - Cana...Read More
(Repeats to attach to additional alert)TOKYO, Feb 28 (Reuters) - Japan's industrial output tumbled 6.6 percent in January from the previous month, government data showed on Wednesday, in a sign of a dip in corporate activity.The fall compared with a median forecast for a 4.2 percent decline and followed a revised 2.9 percent rise in the previous month.Manufacturers surveyed by the Ministry of Eco...Read More
TOKYO, Feb 28 (Reuters) - Japanese retail sales rose 1.6 percent in January from a year earlier, compared with a median market forecast for a 2.1 percent increase, government data showed on Wednesday.For background, please see this PREVIEW To view full tables, go to the website of the Ministry of Economy, Trade and Industry at: (Reporting by Izumi Nakagawa Editing by Chang-Ran Kim) Disclaimer: Th...Read More
TOKYO, Feb 28 (Reuters) - Japan's industrial output tumbled 6.6 percent in January from the previous month, government data showed on Wednesday, in a sign of a dip in corporate activity.The fall compared with a median forecast for a 4.2 percent decline and followed a revised 2.9 percent rise in the previous month.Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output t...Read More
BRASILIA, Feb 27 (Reuters) - Brazil Finance Minister Henrique Meirelles said on Tuesday that the country's economy would grow by more than the 2.8 percent rate currently forecast by economists, also predicting 2019 growth would be greater than 2.5 percent.Meirelles said he would not be surprised if 2017 growth hit 1.1 percent instead of the 1 percent forecast. (Reporting by Marcela Ayres Writing b...Read More
(Adds background, details on retail unit)MEXICO CITY, Feb 27 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano (Femsa) on Tuesday said its net profit fell more than 70 percent in the fourth quarter, hit by the revaluation of assets in its Venezuelan Coca-Cola bottling operation.Net profit in the October-December period was more than 1.83 billion pesos ($93 million), down from ne...Read More
Gold is under stress on a higher USD after Powell sounded more optimistic in the Q&A session of his testimony. Earlier, Gold inched down after Powell said market volatility won’t stop more rate hikes. Gold is now trading around $1,317.00 a troy ounce in US session, down by almost 1.20% on a higher USD after the new Fed chair sounded more optimistic about inflation i...Read More
* Dec qtr growth seen at 6.9 pct y/y vs 6.3 pct in Sept qtr* Govt spending, manufacturing pick-up help economic recovery* IMF expects economic growth to rise to 7.4 pct in 2018 * GDP data due on Wednesday, Feb 28 at 1200 GMT By Manoj KumarNEW DELHI, Feb 28 (Reuters) - India might have regained the status of the world's fastest-growing major economy in the October-December quarter, driven by highe...Read More
In his first testimony to the Congress, Jerome Powell, the newly appointed chairman of the Federal Reserve, said that the economy was in fact normalizing. As such, he made it clear that in next month’s FOMC meeting each member will reevaluate the current monetary policy as it reflects upon the number of interest rate hikes this year.In other words, now that our economy is becoming more robus...Read More
Feb 27 (Reuters) - Chinese video streaming service provider iQiyi Inc, a unit of Baidu Inc , on Tuesday filed for an initial public offering of up to $1.50 billion with the U.S. Securities and Exchange Commission.The company plans to list its American Depository Shares on the Nasdaq under the symbol "IQ." The company, known for its Netflix-like services, has over 50 million subscribed me...Read More
By Karen BrettellFeb 27 (Reuters) - Short term bank borrowing costs have surged in recent weeks to levels last seen during the 2008 global financial crisis when there were concerns about credit quality, but analysts are linking rise in rates to the consequences of the tax cuts passed by the U.S. Congress in December.The three-month London interbank offered rate (Libor) , a measure of the cost for...Read More
David ShepardsonWASHINGTON (Reuters) - The U.S. Senate’s second highest-ranking Republican on Tuesday expressed doubt that Congress will pass legislation to increase infrastructure spending this year, citing time constraints.Senator John Cornyn, a Texas Republican, told reporters: “I think it will (be) challenging. I certainly would be happy if we could, but we’ve got a lot of th...Read More
(adds quotes from Rieder, market action)By Trevor HunnicuttNEW YORK, Feb 27 (Reuters) - The Federal Reserve is in no rush to hike rates, creating an opportunity for risk assets but posing a threat to long-term bonds, top BlackRock Inc portfolio manager Rick Rieder said on Tuesday.Fed Chairman Jerome Powell on Tuesday vowed to prevent the economy overheating while sticking with a plan to gradually...Read More
(Updates prices to close)TORONTO, Feb 27 (Reuters) - Canada's main stock index fell on Tuesday as weakness in the prices of gold, silver and oil weighed on shares of mining and energy companies.* The Toronto Stock Exchange's S&P/TSX composite index closed down 43.51 points, or 0.28 percent, at 15,671.15.* The TSX posted 6 new 52-week highs and 8 new lows. Across all Canadian issues there were...Read More
(Repeats to add story link with no change to text)By Fergal SmithOTTAWA, Feb 27 (Reuters) - Canada is cutting down issuance of bonds in the 2018-19 fiscal year by 17 percent as the government runs a smaller budget deficit and market participants demand greater supply of more liquid T-bills.Bond issuance had increased by as much as 48 percent since 2015-16 as the Liberal government under Prime Min...Read More
MEXICO CITY, Feb 27 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano (Femsa) on Tuesday said net profit fell more than 70 percent in the fourth quarter, hit by the revaluation of assets in its Venezuelan Coca-Cola bottling operation.Net profit in the October to December period was more than 1.83 billion pesos ($93 million), down from nearly 6.7 billion pesos in the same period o...Read More
(Adds analyst comment)By Miguel GutierrezMEXICO CITY, Feb 27 (Reuters) - Equities and currencies fell across Latin America on Tuesday after new Federal Reserve Chairman Jerome Powell said his personal outlook for the U.S. economy had strengthened since December.In remarks to the U.S. House of Representatives Financial Services Committee, newly appointed Powell added that recent data had increased...Read More
* Canadian dollar at C$1.277* The price of oil falls 1.6 percent(Updates quotes, prices, news)By Kate DuguidNEW YORK, Feb 27 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Tuesday as the greenback rose on the release of testimony that showed new U.S. Federal Reserve Chairman Jerome Powell will continue on the gradual monetary rate path pursued by his predecessor Janet Yel...Read More