European Central Bank policymakers are becoming increasingly confident about cutting interest rates in June as inflation continues its march lower, but there is little to no appetite for a big move, six sources told Reuters.
Global policymakers gathering in Washington this week breathed a collective sigh of relief that the U.S.-centric economic order that prevailed for the past 80 years was not collapsing just yet despite Donald Trump's inward-looking approach.
* Trump eases pressure on Fed after market backlash. * U.S. signals it will stay in IMF, World Bank. * Policymakers have no alternative to dollar system. By Francesco Canepa, Jan Strupczewski and Leika Kihara.
Japan may have averted U.S. pressure for a stronger yen in bilateral finance talks on Thursday, but a closer look at officials' descriptions of the meeting suggests currencies and the Bank of Japan's interest rate policy may remain key factors in broader trade negotiations.
-U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.
-U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.
S&P Global Ratings dropped Los Angeles' ratings and assigned a negative outlook, citing a "weakening financial position and an emerging structural imbalance."
Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, on Friday unleashed a barrage of criticism of the Fed and argued for fundamental changes to how it operates.
Dr. Daniel Greenstein Brings Extensive Experience in Higher Education Strategy and Innovation to the Board Mr. Gary Millerchip Brings Decades of Experience in Finance, Retail Banking, and Corporate Strategy to the Board NEWARK, Del. Dr. Greenstein brings decades of experience in higher education strategy, innovation, and transformation to the Board.
Rising risks around global trade, general policy uncertainty, and the sustainability of U.S. debt topped the list of potential risks to the U.S. financial system in a new Federal Reserve survey released on Friday.
"Easing tariffs, a slowing economy and an improved supply/demand outlook for munis in May and onward should drive muni market pricing going forward," BofA strategists said.
International Monetary Fund member countries said on Friday that rising trade tensions were sapping growth and fueling uncertainty as well as market and financial stability risks, but reaffirmed their commitment to the institution as critical to helping countries navigate a difficult environment.
* Cautious optimism markets may stabilize after sharp volatility. * But trade deal hopes may not last long. * Perceived Fed's flexibility on rate cuts helps push yields lower. * Yield curve 'bull-flattens' on cloudy economic outlook. By Davide Barbuscia.
China's central bank governor on Friday criticized the U.S. for threatening global financial stability with its "recent abuse" of tariffs, in the wake of recent moves seen by both sides as efforts to de-escalate their trade war.
BOSTON, April 25, 2025 The Federal Home Loan Bank of Boston announced its preliminary, unaudited first quarter financial results for 2025, reporting net income of $57.0 million for the quarter. The Bank's board of directors has declared a dividend equal to an annual yield of 7.39%, the daily average of the Secured Overnight Financing Rate for the first quarter of 2025 plus 300 basis points.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Principal Life Insurance Company and Principal National Life Insurance Company. The ratings reflect Principal?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
* Rebuilding central bank and boosting revenue capacity will be key, Georgieva says. * Saudi Arabia said it's ready to pay off Syria's World Bank debts. * Other countries will also need help, Saudi finance chief says. By Andrea Shalal and Karin Strohecker.
China's central bank governor on Friday criticized the U.S. for threatening global financial stability with its "recent abuse" of tariffs, in the wake of recent moves seen by both sides as efforts to de-escalate their trade war.
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Ratings to ?bbb? from ?a-? of Oregon Mutual Insurance Company and Western Protectors Insurance Company, which are domiciled in McMinnville, OR and collectively referred to as Oregon Mutual Group.
Japan may have averted U.S. pressure for a stronger yen in bilateral finance talks on Thursday, but a closer look at officials' descriptions of the meeting suggests currencies and the Bank of Japan's interest rate policy may remain key factors in broader trade negotiations.
The European Union will do all it can to engage with the U.S. on trade and reduce the massive uncertainty that is weighing down the global economy, Irish Finance Minister Paschal Donohoe said on Friday, underscoring unity among the bloc's members.
The European Union will do all it can to engage with the U.S. on trade and reduce the massive uncertainty that is weighing down the global economy, Irish Finance Minister Paschal Donohoe said on Friday, underscoring unity among the bloc's members.
* EU bond prices ease on hopes that tariffs may be less severe. * German 2-year yields halt 6-week falling streak. * Analyst says Trump will eventually back down on China. * US Treasury yields broadly flat after falling on Thursday. By Stefano Rebaudo and Yadarisa Shabong.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of ?a-? of the rated operating subsidiaries of SiriusPoint Ltd. [NYSE: SPNT]. Additionally, AM Best has affirmed the Long-Term ICR of ?bbb-? of SiriusPoint, which is a non-operating holding company..
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Unity Financial Life Insurance Company. The Credit Ratings reflect Unity?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has revised the outlook of the rated operating subsidiaries of SiriusPoint Ltd (SPNT) [NYSE: SPNT] to Positive from Stable, citing the Company?s ?very strong balance sheet?. AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of ?a-? of SiriusPoint?s rated operating subsidiaries.
U.S. consumer sentiment ebbed for a fourth straight month in April amid concerns about the economic impact of tariffs. The University of Michigan Surveys of Consumers said on Friday its Consumer Sentiment Index came in at 52.2 this month.
U.S. consumer sentiment ebbed for a fourth straight month in April amid concerns about the economic impact of tariffs. The University of Michigan Surveys of Consumers said on Friday its Consumer Sentiment Index came in at 52.2 this month.
- Analysts expect U.S. President Donald Trump's tariffs to weaken global economic growth, fuel volatility in markets and raise inflationary pressures. Earlier this week, Deutsche Bank, which had held the highest year-end target for the S&P 500 index so far, slashed it 6,150 from 7,000.
The Russian central bank maintained its key interest rate at 21% on Friday, with inflation starting to decline but new risks facing the Russian economy because of global economic turbulence triggered by U.S. trade tariffs.
-U.S. President Donald Trump asserted in an interview published Friday that tariff negotiations were underway with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.
-U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were underway with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.
MSRB appreciates "the robust stakeholder engagement and response" to its requests for feedback on both the rate card and a municipal fund securities concept release, Board Chair Bo Daniels said.
ISTANBUL, April 25, 2025 ?R?nesans Holding, one of Europe's leading contracting and investment groups, has initiated one of the largest private sector investments in T?rkiye to date: the construction of a new Polypropylene Production Plant and Liquid Bulk Terminal in Ceyhan.
* Will take a hard look at its supply chain. * North America accounts for 73% of Seven & i's (SVNDF) overall revenue. * Still plans on IPO for North American unit in second half of 2026. By Anton Bridge.
The Bank of England said on Friday it will focus on a scenario involving a market panic about a trade war and sovereign debt risks in this year's stress test of central counterparties, which form a key part of global financial infrastructure.
The Bank of England said on Friday it will focus on a scenario involving a market panic about a trade war and sovereign debt risks in this year's stress test of central counterparties, which form a key part of global financial infrastructure.
Brazil's annual inflation sped up in line with market expectations in early April, official data showed on Friday, hitting its highest in more than two years ahead of the central bank's next interest rate-setting meeting in May. The IPCA-15 consumer price index rose 5.49% in the 12 months through mid-April, statistics agency IBGE said.
TGI Fridays, the iconic global brand known for bringing bold food, vibrant energy, and American-style hospitality to over 41 countries, is proud to announce the appointment of Phil Broad as President of TGI Fridays International Franchising. Broad served as Managing Director of TGI Fridays UK from 1997 to 2000.
* Cryptocurrency advocates pushing for SNB to diversify reserves. * Want central bank to hold bitcoin alongside gold. * SNB chair says market liquidity, value fluctuations are issues.
The city of Los Angeles and its Department of Water and Power face Palisades Fire-driven lawsuits from some 776 plaintiffs, according to the offering document.
IRVING, Texas, April 25, 2025 ?Commercial Metals Company (CMC) plans to launch a proposed tax-exempt bond financing today in the amount of $150.0 million. In connection with the proposed financing, the West Virginia Economic Development Authority authorized the issuance and sale of Solid Waste Disposal Facility Revenue Bonds, Series 2025.
North American Construction Group Ltd. (NOA) announced today that it has entered into an underwriting agreement to sell, pursuant to a private placement offering, $225 million aggregate principal amount of 7.75% Senior Unsecured Notes due May 1, 2030. NACG intends to use the net proceeds of the Offering to repay indebtedness under its existing Credit Agreement, and for general corporate purposes.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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