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Exclusive: Fed's Williams says new economic outlook necessary for rate hikes

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NEW YORK (Reuters) – New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now, and sees no need to raise them again unless growth or inflation shifts to an unexpectedly higher gear. FILE PHOTO: John Williams, gestures as he addresses a news conference in Read More

Aviva, NatWest to join 'Brexodus' of business to EU

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LONDON (Reuters) – England’s High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around 9 billion pounds ($11.69 billion) in assets to a new Irish company just before the starting gun is fired on Brexit. FILE PHOTO: A man walks past an AVIVA logo outside the company’s head office in the Read More

Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade

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MEXICO CITY (Reuters) – Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix. FILE PHOTO: A digital LED price sign of state-owned company Petroleos Mexicanos (PEMEX) shows their Read More

Progress in U.S.-China trade talks sparks world stock rally

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NEW YORK (Reuters) – Progress in the U.S.-China trade talks helped send world stock markets broadly higher on Friday and pulled investors out of the safety of government bonds. Europe’s broad Stoxx 600 index rallied 1.4 percent. In midday trading on Wall Street, the Dow Jones Industrial Average rose 359.04 points, or 1.41 percent, to Read More

Take Five: The R-word – World markets themes for the week ahead

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(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly/File Photo/File Read More

Oil crash is over, but debt is still piling up in the Gulf

5 days ago DieselGasoil Comments Off on Oil crash is over, but debt is still piling up in the Gulf
By Zainab Fattah on 2/14/2019 NEW YORK (Bloomberg) — The oil crash came and went but the debt pile it left across the Gulf is still growing, leaving the region’s energy-dependent economies more vulnerable next time a crisis strikes. All but debt-free before crude prices nosedived in 2014, many Gulf governments tried to borrow their way Read More

Fall in U.S. retail sales dampens world stock market rally

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NEW YORK (Reuters) – The steepest decline in U.S. retail sales since 2009 in December halted a broad rally in world stock markets on Thursday and pushed investors into the safety of government bonds. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. Read More

Eskom split to minimize risks to South Africa, Ramaphosa says

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JOHANNESBURG/CAPE TOWN (Reuters) – South African President Cyril Ramaphosa said his plan to divide struggling state power firm Eskom into three units would minimize risks to the economy, as a fifth day of power cuts hurt businesses and drove the rand to a six-week low on Thursday. FILE PHOTO: The logo of state power utility Read More