Global economic growth will be 3% in 2026, exactly as forecast a year ago, according to a quarterly Reuters poll of economists, suggesting they are unfazed by the abrupt and seismic shift in how the U.S. trades with others and treats its allies.
* German GDP growth in 2026 forecast at 1.0%, down from 1.3% * Growth in 2027 seen at 1.3%, down from 1.4% * Fiscal stimulus expected to contribute significantly to 2026 GDP growth. By Maria Martinez.
The Bank of Canada held rates steady at 2.25% on Wednesday for the second time in a row, as was widely expected, said Desjardins. Central bankers also reiterated that they see the current policy rate at about the right level to keep inflation close to their target, signaling that officials continue to expect interest rates to remain unchanged over the next few months, noted the bank.
Treasury Secretary Scott Bessent urged the Federal ?Reserve to have ?an open mind ?as the U.S. ?central ?bank met on Wednesday ?to ?made a decision on interest rates.
There won't be anyone surprised by the Bank of Canada's well-telegraphed decision to keep rates on hold on Wednesday, or its assessment that rates are at the right level if its forecast pans out, said CIBC. The BoC remains firmly neutral on where things go from here, saying that "it's difficult to predict the timing or direction of the next move,"noted the bank.
The Bank of Canada's forecast for economic growth and inflation in the country hasn't changed significantly since its October projection, said Governor Tiff Macklem after the BoC decided to leave rates on hold Wednesday.
NVR reported a fall in fourth-quarter profit on Wednesday, as rising costs and incentives for buyers ?struggling with high interest rates weighed ?on the homebuilder's margins. Higher lot ?costs, pricing pressure and contract land deposit impairments cut into gross profit margin during the quarter, NVR said.
The Bank of Canada, as expected, held its overnight interest rate steady at its Wednesday meeting. In its press release accompanying the rate decision the bank said its outlook for the global and Canadian economy is little changed from its October Monetary Policy Report, but noted its outlook is "vulnerable to unpredictable US trade policies and geopolitical risks".
A key tool used by the U.S. central bank to stabilise global financial markets in times of crisis could be weaponised by the Trump administration, Kenneth Rogoff, a former IMF chief economist said, when asked if that was a possibility.
The Bank of Canada on Wednesday held its policy rate at 2.25%, as widely expected, and Governor Tiff Macklem said a high level of trade uncertainty made it difficult to predict when and how rates might next change. Macklem said the threat of the U.S. Federal Reserve losing its independence contributed to uncertainty.
* Fed's swap line facilities could be used as leverage. * Dollar has long been weaponised by Washington, economist says. A key tool used by the U.S. central bank to stabilise global financial markets in times of crisis could be weaponised by the Trump administration, Kenneth Rogoff, a former IMF chief economist ?said, when asked if that was a possibility.
Canada's main stock index ?opened higher on ?Wednesday, led ?by gains ?in ?mining and ?technology shares, ?while investors awaited interest-rate ?decisions ?from ?the Bank of Canada and ?the U.S. Federal Reserve.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Saudi Arabian Insurance Company B.S.C.. The outlook of these Credit Ratings is stable. The ratings reflect Damana?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
Mozambique's central bank cut its policy rate by 25 ?basis points to 9.25% on Wednesday, its 13th cut in ?a row, but it said the end of its ?easing cycle was near because ?of risks ?including severe floods in the past few weeks. The Bank of Mozambique's ?last rate decision in November ?was also a 25-basis-point cut.
Orange Bank & Trust Company today announced that President and Chief Executive Officer, Michael J. Gilfeather has been appointed to the Board of Directors of the Federal Reserve Bank of New York, one of the twelve regional Reserve Banks that, together with the Board of Governors in Washington, D.C., comprise the Federal Reserve System.
By Jamie McGeever. If the "Sell America" trade heats up, who is most likely to stoke the flames? The world's exposure to U.S. assets is approaching $69 trillion, or $27 trillion net of Americans' foreign holdings, so there's no shortage of potential sellers should investors decide to "de-risk" from the United States.
SOLOWIN HOLDINGS (AXG), a leading financial technology firm bridging traditional and digital assets, today announced that AX Coin, the stablecoin issuance entity under AlloyX Group, a key subsidiary of the Company, has received an In-Principle Approval letter for a stablecoin license from the Central Bank of Bahrain, subject to final regulatory approval.
S?O PAULO, Jan. 28, 2026 Azul S.A. (AZLUQ) , in compliance with Resolution No. 44 of the Brazilian Securities Commission, dated August 23, 2021, and article 157, paragraph 4, of Law No. Offering Launch The Offering is intended to provide exit financing in connection with the Company's restructuring plan approved in the context of the Chapter 11 of the United States Bankruptcy Code, to to repay the outs...
The Bank of Canada is forecast to leave rates unchanged at 2.25% on Wednesday, said Societe Generale. The BoC, in its first monetary policy report since the Canadian government budget in November 2025, will provide additional information on the economic outlook with its Monetary Policy Report, though uncertainty remains about the USMCA trade deal review, noted the bank.
The Bank of Canada will publish its policy decision on Wednesday, said Scotiabank. No policy changes are expected, noted the bank. The statement lands at 9:45 a.m. ET along with Governor Tiff Macklem's written opening remarks to his press conference and the Monetary Policy Report that includes full forecast updates, pointed out the bank.
Hamilton City Schools blames state funding formula changes and property tax reforms for a fiscal emergency that has prompted school closures and deep cuts.
The Bank of Canada will release its policy decision and Monetary Policy Report at 9:45 a.m. ET on Wednesday, followed by the press conference with Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers 45 minutes later, said Bank of Montreal.
Starbucks (SBUX) reported a bigger-than-expected rise in ?first-quarter comparable ?sales on Wednesday, as ?demand rebounded ?in ?the U.S. ?after nearly ?two years in early ?signs ?of ?success of CEO Brian Niccol's turnaround efforts. The ?company reported a 4% rise in ?quarterly ?global comparable sales, compared with ?estimates of 2.25%, according to data compiled by LSEG.
Wednesday's interest rate decision at 9:45 a.m. ET should be straightforward for the Bank of Canada, said Commerzbank. There is little to suggest a BoC change in interest rates, wrote the bank in a note.
The US dollar rose against its major trading partners early Wednesday, except for a decline versus the Canadian dollar, as the focus turns to the Federal Open Market Committee's rate announcement at the conclusion of its two-day policy setting meeting at 2:00 pm ET and Federal Reserve Chairman Jerome Powell's press conference at 2:30 pm ET.
* Dollar steadies, for now. * Fed meets against backdrop of pressure on Powell. * Meta, Tesla report earnings after the close. By Dhara Ranasinghe. The dollar found its footing on Wednesday, having sold off sharply after U.S. President Donald Trump seemed to shrug off its recent weakness, while upbeat earnings kept world stocks near record highs before a Federal Reserve rate decision.
KYIV, Ukraine, Jan. 28, 2026 MHP has been granted Official Partner status by the World Economic Forum, becoming the first Ukrainian agricultural company to join this key global platform.
Futures linked to Canada's main stock index inched up on Wednesday as gold prices notched a fresh high, while investors awaited interest rate decisions from the U.S. Federal Reserve and the Bank ?of Canada later in the day. March futures on Toronto's S&P/TSX Composite Index were ?up 0.16% as of 5:41 a.m. ET.
Investments are boosting growth in Europe's biggest economy but their implementation needs to be faster, German Finance Minister Lars Klingbeil ?said on Wednesday, citing the government's 2026 economic report. The German ?government is lowering its growth forecast for gross ?domestic product in 2026 to ?1.0% from ?1.3%, according to a person familiar with the projections.
The Federal Reserve is expected to hold interest rates steady on Wednesday in a pause that investors see lasting beyond U.S. central bank chief Jerome Powell's final meetings in March and April, with his successor expected to take office by the summer and policymakers split over whether more reductions in borrowing costs are warranted.
Still-elevated inflation and a labor market that has weakened but not collapsed are the main reasons the Federal Reserve is widely expected to wrap up its two-day meeting Wednesday with a hold on the U.S. policy rate. But on the margin, somewhat easier credit conditions may also help make the case against cutting interest ?rates, at least for now.
* Economists expect Canadian central bank to hold rates steady through 2026. * BoC's current rate at lower end of neutral range. * Monetary Policy Report to provide updates on inflation, economy, impact of federal budget. By Promit Mukherjee.
* US central bank keeps policy rate in 3.50%-3.75% range. * Powell says risks to employment, inflation have diminished. * Trump has repeatedly called for steep rate cuts. * Two Fed governors dissent in favor of lowering borrowing costs. By Howard Schneider and Ann Saphir.
U.S. President Donald Trump bemoaned last week his issue with naming the next Federal Reserve chair: The problem, he said, is they change once they have the job.
* ECB monitors euro appreciation's impact on inflation. * Markets slightly increase bets on ECB rate cut by summer. * Short-end yields fall. By Samuel Indyk. Short-end euro zone bond yields fell slightly on Wednesday after European Central Bank policymakers flagged that recent euro appreciation could start to have an effect on inflation and the path of interest rates.
Japan may hold off on official intervention for now, with coordinated tactics involving the U.S. already helping to halt a one-sided slide in the yen, Atsushi Takeuchi, a former central bank official who took part in Tokyo's market forays a decade ?ago, told Reuters.
Short-end euro zone bond yields fell on Wednesday after European Central Bank policymaker Martin Kocher warned that further euro strength could force them to resume interest rate cuts. The ?euro zone is a net energy importer, so even slight currency ?appreciations can significantly lower the price of energy and ?other imported goods, which could ?push inflation down.
Arthur Hayes, Chief Investment Officer at?Maelstrom?Fund, explored in an essay published Tuesday how a potential intervention by U.S. authorities to support the Japanese yen could boost risk assets like Bitcoin . In the essay titled "Woomph," Hayes argued that the Treasury Department, in coordination with the Federal Reserve, could sell dollars and buy yen, solving ?many financial problem...
?. Australia and New Zealand Banking Group. Issue of EUR 1,250,000,000.00 Floating Rate. Senior Unsecured Notes due 29 October 2027. series 2146 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. EUR 1,000.00 IS EUR 6.3. POOL FACTOR.
* Dollar pulls back, yen steadies. * Traders on alert for coordinated currency intervention. * Fed rate decision looms amid worries about independence. By Sophie Kiderlin.
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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