President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. But he was less optimistic than his aides on striking a trade deal with...
WASHINGTON, Aug 18- White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. Trump administration economic adviser Larry Kudlow said trade...
WASHINGTON, Aug 18- White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. Trump administration economic adviser Larry Kudlow said trade...
downgrade@ Aug 16- Most Latin American stocks rose on Monday, joining a rebound in global markets on hopes of fiscal and monetary stimulus in major economies, while Argentina was handed a fresh blow as Fitch downgraded its credit rating, pushing it deeper into junk territory. Stocks in the region, besides those in Argentina, gained between 2% and 0.4% as fiscal...
MEXICO CITY, Aug 16- The Mexican central bank's surprise interest rate cut on Thursday is likely to have a limited impact at best on lifting growth this year after the sluggish economy narrowly avoided recession in the first half of 2019, analysts say. By a 4-1 decision, the Bank of Mexico's five-member board voted to lower its key lending rate by 25 basis points to...
WINNIPEG, Manitoba, Aug 16- Canada will spend C $1.75 billion over eight years to compensate dairy farmers facing greater competition due to free trade deals, Prime Minister Justin Trudeau's government said on Friday, attempting to satisfy an influential group of voters two months before a national election. The payments to dairy farmers recognize sales they...
*Argentina's small economy soothes contagion worries. LONDON, Aug 16- Argentina's latest financial market shock has failed to swamp other emerging markets in the way its previous plunges have done- in part due to the increasing isolation of the country's credit and investments from the rest of the pool. This week's jolt initially sparked some debt and equity...
MEXICO CITY, Aug 15- Reducing Mexico's stubborn core inflation, running at 3.8 percent, is a challenge for the central bank, its governor told Reuters on Thursday, after it cut its key lending rate for the first time since June 2014. The Bank of Mexico cited slowing inflation and increasing slack in an economy hampered by global trade tensions, as reasons for the rate...
Aug 16- Latin American stocks rose on Friday with a global rebound in equities, as expectations of further stimulus by central banks offset worries of sluggish economic growth, while Argentina's peso was set to record its worst week in over 3 years. MSCI's index of Latin American stocks rose 0.8% led by gains on Brazil's Bovespa. The index was still on track to lose...
Congressman Kevin Brady (R-Texas) joins "Squawk Box" to discuss the latest on the USMCA trade talks.
LONDON, Aug 16- World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007.. A technical glitch delayed the start of trading of the UK's benchmark FTSE 100 and midcap stock indexes for almost two...
LONDON, Aug 16- World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007.. The London Stock Exchange said it was investigating a technical glitch that delayed the opening of the UK's benchmark...
*China touts plan to boost disposable incomes. SYDNEY, Aug 16- Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks. In early European trades, Germany's DAX futures added 0.7% as did futures for London's FTSE and France's...
*China touts plan to boost disposable incomes. SYDNEY, Aug 16- Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks. Sentiment got a lift when China's state planner said Beijing would roll out a plan to boost disposable...
CARACAS, Aug 15- Venezuela's opposition-controlled congress is considering reforms to the country's oil law that would open up the sector to private investment but are scaled back from the sweeping changes outlined in a past proposal, according to a draft of the bill seen by Reuters. The changes address issues that have limited companies' profitability since...
MEXICO CITY, Aug 15- Mexico's central bank is seen keeping the key interest rate on hold at its monetary policy meeting later on Thursday as a weakening peso risks fanning inflation, though its board will likely adopt a dovish tone pointing to impending rate cuts. Escalating trade tensions and the risk of a currency war between the United States and China have led...
*Analysts split on rate cut by Mexico's central bank. The rand rose about 1% after reaching an 11- month low, weakened by the risk aversion that has hit global markets as the U.S.- China trade war continued. All I can say is people are trying to picking a bottom here, "said Paul Fage, senior emerging markets strategist at TD Securities, London.
MEXICO CITY, Aug 14- Mexican President Andres Manuel Lopez Obrador said on Wednesday that he expected the United States to ratify a new trade pact to replace the North American Free Trade Agreement next month. Mexican lawmakers have already ratified the deal, known as the United States- Mexico-Canada Agreement, after leaders from Mexico, the United States and...
After a day of relief on news that Washington would delay 10% tariffs on some Chinese goods, currencies in Brazil, Mexico, Colombia all fell well more that 1%, while Chile's peso slipped a percent. Regional stocks also slid, with Mexico's main index sinking to its lowest in more than 5 years, while Brazil's main index tumbled 3% and was on track for its worst day in 4-1/ 2...
HAMBURG, Aug 14- German wheat exporters are seeking access to new markets including China, Mexico and Indonesia, an industry association said, following signals that Saudi Arabia is about to open up to imports from Russia. Saudi Arabia has been Germany's biggest market for wheat exports in recent years, but German firms face much tougher competition after Saudi...
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