Federal Reserve Today in Washington. 23- May United States Sale of 2- year floating rate notes 23- May United States Sale of 5- year notes 23- May Germany Auction of 2- year Treasury notes 24- May United States Sale of 7- year notes 24- May United Kingdom Auction of 0 1/ 8% Index-linked Treasury Gilt 2036 24- May Sweden Auction of inflation-linked government...
BRUSSELS- Participation in a panel by ECB Supervisor Ignazio Angeloni at 2018 IIF Spring Meeting organised by the Institute of International Finance in Brussels, Belgium 0900 GMT. STOCKHOLM- Riksbank Governor Stefan Ingves and Head of the Department of Financial Stability Olof Sandstedt participate in a press conference on financial stability 0900 GMT.
SYDNEY- Reserve Bank of Australia Governor Philip Lowe will give a speech at the Australia-China Relations Institute, Sydney 0805 GMT. KIEV- The Governor of the National Bank of Ukraine Yakiv Smoliy holds a press conference 1100 GMT. TUESDAY, MAY 29 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.
BRUSSELS- Participation in a panel by ECB Supervisor Ignazio Angeloni at 2018 IIF Spring Meeting organized by the Institute of International Finance in Brussels, Belgium 0900 GMT. STOCKHOLM- Riksbank Governor Stefan Ingves and Head of the Department of Financial Stability Olof Sandstedt participate in a press conference on financial stability 0900 GMT.
SAN JUAN, Puerto Rico— Puerto Rico's governor has proposed a $25 billion budget to the island's legislature in which retired government workers would keep their monthly pensions and public school teachers and police officers would get pay raises. The budget also contains $25 million for a voluntary buyout program as the U.S. territory struggles to recover...
WASHINGTON— Just over decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low-interest rates and easy credit gradually began to crater and soon would take the rest of the economy along for the painful ride. Barack Obama of Illinois and Republican Sen. After the economy stabilized, Congress shifted from...
NEW YORK, May 22- The U.S. House of Representatives on Tuesday passed legislation that reclassifies investment-grade municipal bonds as high-quality liquid assets, a long-awaited move that public officials say will help lower financing costs on infrastructure projects nationwide. The measure was included in bipartisan legislation, which already passed...
CARACAS, May 22- The Inter-American Development Bank has halted new loans to Venezuela because the troubled South American nation has fallen behind on servicing $2.0 billion in debt, the Washington, D.C.- based regional lender said on Tuesday. Venezuela has a backlog of $212.4 million in payments to the IDB, of which $88.3 million are delayed by more than 180 days,...
WASHINGTON, May 22- Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs, Morgan Stanley and JPMorgan Chase, will not be breaking out the champagne. While Wall Street banks lobbied hard for a range of provisions that would have weakened the 2010 Dodd-Frank reform...
BUENOS AIRES, May 22- Argentina's central bank held its key interest rate steady at 40 percent on Tuesday, confirming its hawkish stance on inflation by saying tight monetary policy was needed to keep the weakened peso from putting further upward pressure on consumer prices. A rally in the U.S. dollar last month focused the market's attention on Argentina's...
SAO PAULO, May 22- Brazilian truck drivers on Tuesday vowed to extend their protest against high fuel prices into a third day despite a government compromise to cut a fuel tax, threatening to slow economic activity and interrupt exports of grains and other goods. Thousands of trucks were parked to obstruct major roads as the protests interrupted traffic along a...
*Trump tariff exemption expires on June 1. BRUSSELS, May 22- European Union proposals to open its markets wider to U.S. products appear not to have persuaded Washington to lift the threat of measures to curb imports of EU steel and aluminium, the bloc's trade chief said on Tuesday. Commerce Secretary Wilbur Ross after the proposals were made public, but said...
VANCOUVER, May 22- British Columbia's attorney general said on Tuesday that the West Coast province is not delaying Kinder Morgan Canada's Trans Mountain pipeline expansion, despite the company's saying that B.C.' s opposition was making the build "untenable." The attorney general, David Eby, told reporters that British Columbia is approving Trans Mountain...
Congress has moved to dismantle some key rules for banks that were installed to prevent a replay of the 2008 financial crisis. The House voted 258-159 to approve legislation rolling back the landmark Dodd-Frank law, sending the bill to President Donald Trump. Congress was taking a final step Tuesday toward dismantling a chunk of the rules framework for banks...
WASHINGTON— Congress moves to dismantle key rules for banks that came in wake of financial crisis; notches legislative win for Trump.
Trump's proposal ran into immediate resistance in Congress, where Republicans and Democrats accused the president of bending to pressure from Beijing to ease up on a company that has admitted to violating sanctions on Iran. Their reaction could complicate Trump's efforts to win concessions from China that would narrow a $335 billion annual trade gap.
*Ford, GM rise after China cuts car import tariffs. NEW YORK, May 22- U.S. stocks ended lower on Tuesday, weighed down by lingering uncertainty over the outcome of trade talks between the United States and China and declines in energy and industrial shares. President Donald Trump on Tuesday said he was not pleased with recent trade talks between the United States and...
*Venezuela vote raises concern oil output may fall further. *OPEC cuts, looming U.S. sanctions on Iran also support prices. NEW YORK, May 22- Brent crude prices settled slightly higher on Tuesday after a volatile session in which potential supply concerns surrounding Venezuela and Iran jockeyed with comments from President Donald Trump, who said he was not...
May 22- Electric carmaker Tesla Inc said on Tuesday it had hired Snapchat maker Snap Inc's vice president of monetization engineering, Stuart Bowers, as VP of engineering, to work on its Autopilot software and other projects. Tesla has seen the departure of several senior executives and also is flattening its management structure as it aims to improve...
Washington and Beijing stepped back from the brink of a full-blown trade war after talks last week, with the United States appearing to set aside for now its demands that China revamp key planks of its industrial policy. "China represents an enormous economic opportunity for U.S. LNG and ethanol exports as both products will likely see dramatic demand growth in...
