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.
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.
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.
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.
* 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.
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.
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.
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.
* Inflation starts to decline, turning point expected in May. * Global economic turbulence seen as key inflationary factor. * Rouble strength seen as more sustainable in April. * Economy slowing with oil price drop; budget revenue declining. By Elena Fabrichnaya and Gleb Bryanski.
Russia may supply 1.8 billion cubic metres of natural gas to Iran this year at a price which has yet to be agreed, the two countries said on Friday. Iranian Oil Minister Mohsen Paknejad, on a visit to Moscow, said the deal had not been finalised but the two countries were working to clinch it as soon as possible.
The?Federal Reserve?revoked its guidance for banks that required them to inform the regulator before engaging in any cryptocurrency-related activity on Thursday. What Happened: The Fed retracted its 2022 supervisory letter that mandated banks to notify in advance about their?cryptocurrency endeavors, among other risk management practices and compliance controls, according to a press release.
U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities.
* Iran, Russia tighten cooperation in face of Western sanctions. * Iran seeks to improve ties with Russia in banking, agriculture. * Tehran and Moscow eye 'gas hub' in Iran. * Russia may ship 1.8 bcm of gas to Iran in 2025, price not agreed. * Russia may fund construction of a nuclear power plant in Iran. * Iranian oil minister: OPEC+ will ensure global market stability. By Olesya Astakhova.
Cryptocurrency campaigners have stepped up calls for the Swiss National Bank to buy bitcoin, saying the global economic turmoil triggered by U.S. President Donald Trump's tariffs made it more important for the central bank to diversify its reserves.
Japanese government bond yields rose across the curve on Friday after Tokyo's inflation hit a two-year high, reviving bets for the Bank of Japan's interest rate hikes. The 10-year JGB yield rose 4 basis points to 1.35%, its highest since April 15.
* 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.
Malaysia is open to negotiate with the United States on non-tariff barriers and reducing its trade deficit and will explore a bilateral trade agreement, its trade ministry said on Friday.
China warned a G20 meeting that world economic growth was "insufficient" as tariff and trade wars exacerbated economic and financial instability and sapped growth momentum, its finance ministry and central bank said.
* Tokyo core CPI up 3.4%, above f'cast of 3.2% gain. * Inflation excluding fresh food, fuel accelerates to 3.1% y/y. * High inflation makes BOJ's balancing act more challenging. By Makiko Yamazaki.
Participants at a G20 finance ministers and central bank governors meeting in Washington flagged that downside risks have risen significantly even as the global economy continues to recover, China's central bank said on Friday. All parties expressed concern about the negative impact of the escalation of trade frictions, and called for strengthening dialogue and policy coordination, it said.
-Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said the extreme uncertainty over U.S. trade policy has him "nervous" about big layoffs, though so far he has only heard about businesses starting to plan for the possibility if the uncertainty lasts.
* Rise in Tokyo core CPI above forecast. * Inflation excluding fresh food, fuel accelerates to 3.1% y/y. By Makiko Yamazaki. Core consumer prices in Japan's capital rose 3.4% in April from a year earlier, data showed on Friday, accelerating for the second straight month and making the central bank's task of balancing risks from higher U.S. tariffs and rising prices more challenging.
* BOJ will keep raising rates if inflation heads for 2%, Ueda says. * BOJ to scrutinise how data affects likelihood of meeting target. * No divergence in policymakers' view on tariff impact on growth. * BOJ set to keep rates steady next week, cut growth f'casts. By Leika Kihara.
Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.
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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