* Lane says inflationary boost would only fade gradually. * Patsalides sees stagflation risk. Global economic output would suffer a "sizeable" loss if trade became more fragmented and an immediate boost to inflation would only fade over a few years, the European Central Bank's chief economist Philip Lane said on Thursday.
China's PDD Holdings (PDD) fell short of market estimates for third-quarter revenue and profit on Thursday, as promotional offers and discounts did not persuade cost-conscious consumers to spend as much as expected on its e-commerce platforms. PDD's U.S.-listed shares were down 8% in pre-market trading.
PITTSBURGH, Nov. 21, 2024 /PRNewswire/ -- National inflation levels may be on the decline, but when it comes to True Loves' gifts, the price of decking the halls keeps rising. The PNC CPI measures the change in prices consumers could expect to pay for True Love's gifts from the classic holiday carol, "The Twelve Days of Christmas."
German government bond yields edged lower and spreads widened with markets weighing geopolitical tensions and awaiting purchasing manager surveys, which could affect expectations for the European Central Bank easing path. France is in the spotlight as Prime Minister Michel Barnier is facing hurdles to passing the 2025 budget.
- The U.S. is more vulnerable to inflationary shocks than in the past, Federal Reserve Bank of Richmond President Tom Barkin said in an interview with the Financial Times published on Thursday. Barkin said he expected inflation to continue dropping across the U.S, while cautioning that businesses were passing on costs to consumers more readily than in the past.
BEIJING, Nov. 21, 2024 As the?digital economy emerges as a driving force behind global growth, nations worldwide are exploring ways to harness its potential for inclusivity and innovation. ? China's digital economy has not only fueled domestic growth but also contributed to the development of digital infrastructure in other countries.
Euro zone government bond yields edged up as market participants assessed heightened tensions between Russia and the West while waiting for purchasing manager surveys, which could affect expectations for the European Central Bank's policy easing path. Russia had described a strike by U.S. missiles, which Ukraine used to hit a target inside the country, as an escalation in the 1,000-day-old war.
Japanese government bond yields jumped on Thursday as comments from the Bank of Japan chief raised bets of an early rate hike. The five-year yield rose to 0.75%, its highest level since June 2009, and was last up 3.5 basis points at 0.745%. The two-year JGB yield rose 2.5 bps to 0.575. The 10-year JGB yield rose 3 bps to 1.095%, its highest since July 25.
BEIJING, Nov. 21, 2024 This is an article from?China.org.cn: Chinese President Xi Jinping has emphasized that in a world of economic globalization, only by upholding openness and cooperation in global industrial and supply chains can win-win development be achieved. Rapid reconstruction of global industrial and supply chains The world today is undergoing major changes unseen in a century.
* Bitcoin speeds toward $100,000. * Yen gains after BOJ's Ueda says will scrutinise data up till Dec meeting. By Brigid Riley. The U.S. dollar paused its climb on Thursday as traders awaited more clarity on U.S. President-elect Donald Trump's proposed policies and sought to second-guess the prospects of less aggressive interest rate cuts from the Federal Reserve.
- Federal Reserve Bank of New York President John Williams sees inflation cooling and interest rates falling further, he told Barron's in an interview published on Thursday. Two percent is the inflation rate that can best balance the central bank's employment and price stability goals, Williams told Barron's.
* Cambodia plans controversial canal costing nearly 4% of GDP. * Cambodian govt has announced varying levels of Chinese support. * China expressed misgivings, put no money on table, sources say. * Chinese public investment in Cambodia is plunging, tourism down. * China says it has 'ironclad' friendship with Cambodia. By Francesco Guarascio.
The Indian rupee weakened to its all-time low on Thursday, pressured by likely foreign outflows from local stocks and renewed strength in the dollar as investors trimmed hopes of aggressive rate cuts by the U.S. Federal Reserve. The rupee declined to a low of 84.4225 in early trading and was last quoted at 84.4150 as of 09:30 a.m. IST, unchanged from its closing level in the previous session.
BEIJING, Nov. 20, 2024 On Tuesday afternoon local time, President?Xi Jinping arrived in Brasilia and began his state visit to Brazil. Following two important multilateral meetings - the APEC meeting and the G20 Summit, the interactions between China and Brazil have also attracted great attention from the international media.
The dollar rose to a 13-month high in choppy trading on Thursday as investors assessed the latest labor market data and comments from Federal Reserve officials for the path of interest rates, while bitcoin continued its march toward the $100,000 level.
The U.S. dollar stood broadly firm on Thursday as traders awaited more clarity on U.S. President-elect Donald Trump's proposed policies and sought to second-guess the prospects of less aggressive interest rate cuts from the Federal Reserve.
Funds to Assist Preservation of Affordable Housing and Community Education. Representatives from the Federal Home Loan Bank of Dallas and Centinel Bank of Taos awarded $30,000 in Partnership Grant Program funding to the Taos Housing Partnership to promote economic development in Taos, New Mexico. This press release features multimedia.
AppLovin Corporation (APP) announced today the pricing of its public offering of $3.55 billion aggregate principal amount of senior notes consisting of $1,000 million aggregate principal amount of 5.125% Senior Notes due 2029, $1,000 million aggregate principal amount of 5.375% Senior Notes due 2031, $1,000 million aggregate principal amount of 5.500% Senior Notes due 2034 and $550 million aggregate ...
Ramaco Resources Inc (METCB): * RAMACO RESOURCES, INC. ANNOUNCES PROPOSED PUBLIC OFFERING OF SENIOR UNSECURED NOTES DUE 2029 Source text: Further company coverage:
NORFOLK, Va., Nov. 20, 2024 PRA Group, Inc. (PRAA), a global leader in acquiring and collecting nonperforming loans, announced today the pricing of its upsized offering of $150.0 million aggregate principal amount of 8.875% Senior Notes due 2030, which was upsized by $50.0 million from the previously announced $100.0 million, at a price of 103.625% of their principal amount, in a private transaction t...
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Highmark Inc. and its life/health subsidiaries, collectively known as Highmark Inc. Group.
Municipals are outperforming USTs to a large degree this month, with investment grade munis seeing positive 0.81% returns in November and 1.63% year-to-date. USTs are in the red at -0.40% in November with only 0.96% positive returns in 2024.
Federal Reserve Bank of Boston President Susan Collins reiterated on Wednesday she believes the U.S. central bank has more interest rate cuts ahead as it seeks to normalize monetary policy while inflation pressures ease.
LEXINGTON, Ky., Nov. 20, 2024 Ramaco Resources, Inc. (METCB), an operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth and critical minerals in Wyoming, announced today that it plans to offer senior unsecured notes due 2029 in a registered underwritten public offering.
S&P Global Ratings placed Chicago's general obligation bond rating on watch negative Tuesday, warning against heavy reliance on one-time budget solutions.
Debt issuance and public-private partnerships could be in the financing mix for projects considered by the Arizona Water Infrastructure Finance Authority.
Panelists at the SEC, FINRA and MSRB joint Compliance Outreach Program looked at the state of municipal advisor regulation and how the Commission could respond going forward.
U.S. Treasury yields moved higher on Wednesday as the Treasury Department saw weak demand in an auction and traders assessed when the Federal Reserve may pause its interest rate cutting cycle as U.S. economic growth remains above expectations.
Federal Reserve Governor Michelle W. Bowman cautioned on Wednesday that inflation remains a significant concern and suggested that interest rates may already be closer to a ?neutral? level than policymakers currently realize.
Asset manager PineBridge Investments said in a report that it is seeing the start of a rare non-recessionary interest rate-cutting cycle that should support performance of fixed income assets like leveraged finance.
- Federal Reserve Governor Michelle Bowman on Wednesday expressed discomfort with the U.S. central bank cutting interest rates while inflation continues to run above the Fed's 2% goal, adding a bit more color to her call for a cautious approach to further rate reductions.
Credit ratings and the role of rating agencies have changed in response to an evolving market over the past 16 years, according to speakers during an online California Debt and Investment Advisory Commission.
* Bowman notes little recent progress on inflation. * Cook confident in disinflation, sees further rate cuts. * Investors see 55% chance of a rate cut next month. By Howard Schneider and Ann Saphir.
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.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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