* IMF's mission chief for Japan sees limited second-round effect on prices from Iran war. * Inflation to converge toward BOJ target by end of 2027, Rahul Anand says. * No big pass-through on inflation from weak yen was seen in 2025, he says. * Anand says weak yen absorbed tariff shock, levels must be set by markets. By Leika Kihara.
Brazilian meatpacker Minerva has raised $600 million with the issuance of dollar-denominated bonds that expire in 10 years, IFR reported on Wednesday. * The issuance of the senior unsecured notes was priced at a 7.50% coupon and a 7.625% yield, IFR said. * Minerva will use the proceeds from the sale to repay existing debt, according to IFR.
High oil prices are likely to keep underlying inflation nearly a percentage point above the Federal Reserve's 2% target for the rest of this year, with the U.S. central bank likely needing to leave interest rates unchanged, St. Louis Fed President Alberto Musalem said on Wednesday.
Morgan Stanley (MS) plans to raise $10 billion in one of the largest bond sales by a Wall Street bank, following its Q1 results, Bloomberg reported Wednesday, citing a person familiar with the matter. The bank's four-part offering has maturities ranging from 4 to 11 years, the report said. Proceeds will be used for general corporate purposes, according to the report.
US economic activity was up in most of the Federal Reserve Districts since the last Beige Book report, but there was weakness in some regions and energy price gains were widespread, the Federal Reserve's most recent update released Wednesday showed.
U.S. businesses and households still adjusting to the Trump administration's tariff policies also are reeling from a surge in energy prices due to the Iran war, a Federal Reserve report showed on Wednesday, even as it noted that economic activity in most of the country increased in recent weeks and employment was steady.
* Fed's 'Beige Book' cites war as major source of business uncertainty. * Business outlooks varied, report says. * Price growth seen as 'moderate,' but input cost pressures broaden beyond energy. By Ann Saphir.
U.S. Treasury Secretary Scott Bessent on Wednesday said he was optimistic that Kevin Warsh, President Donald Trump's nominee for Federal Reserve Chair, would assume the post on time. "He is going to have a hearing on the 21st of this month. "I am very optimistic that Kevin Warsh will be the Chair of the Fed on time," he said.
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index up 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was falling 2.1%, and the State Street Real Estate Select Sector SPDR ETF was decreasing 0.2%. Bitcoin was shedding 0.2% to $74,031, and the yield for 10-year US Treasuries was rising 2.7 basis poi...
U.S. Treasury Secretary Scott Bessent on Wednesday told reporters he was optimistic that Kevin Warsh, President Donald Trump's nominee for Federal Reserve Chair, would assume the post "on time".
Thailand has not yet decided whether it will increase its internal ceiling on a key debt ratio, Finance Minister Ekniti Nitithanprapas said on Wednesday. Nitithanprapas, who is also the deputy prime minister, said the 70% for public debt-to-GDP was an internal ceiling.
Finance ministers from almost a dozen countries led by Britain called on the U.S., Israel and Iran to implement their ceasefire in full on Wednesday and said the conflict would weigh on the global economy and markets even if it was resolved soon.
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index up 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was falling 2.1%, and the State Street Real Estate Select Sector SPDR ETF was decreasing 0.2%. Bitcoin was shedding 0.2% to $74,031, and the yield for 10-year US Treasuries was rising 2.7 basis poi...
The Bank of Canada delivered a dovish hold at its March policy meeting, said Morgan Stanley. The January Monetary Policy Report laid out a range of scenarios for the CUSMA trade deal renegotiation, framing it as the key risk for the Canadian economy going forward.
The International Monetary Fund's latest World Economic Outlook arrives in a period when a rapidly changing geopolitical backdrop makes economic and fiscal projecting, already difficult in the most 'normal' of times, even more challenging, said National Bank of Canada.
The global economy is about to feel the full economic impact of the Iran war, Qatar's finance minister said on Wednesday, but headded that his country's finances would be able to ride out the problems for at least a year.
President Donald Trump said he would fire Federal Reserve Chair Jerome Powell if he does not resign after his term as head of the central bank ends in May. Trump made a similar threat against Fed Gov. Lisa Cook before attempting to fire her last August.
* ECB supervisors gathering information about Mythos, source says. * Mythos seen as major cybersecurity threat by experts, prompting global regulatory concern. * Trump acknowledges AI risks to banking system. * British government warns businesses about cyberattack threats. By Francesco Canepa.
Regulatory News: NFL BIOSCIENCES, a biopharmaceutical company developing innovative botanical drugs for the treatment of addictions, today announces the extension of its cash runway until the third quarter of 2027 through new financing.
Higher oil prices could lead to a rise in consumer inflation expectations, Chicago Federal Reserve Bank President ?Austan Goolsbee told the Financial Times in an interview published on Wednesday, adding that the US central bank faces a double danger from the Iran war and Donald Trump's tariffs.
European Central Bank supervisors are set to warn bankers about the risks posed by Anthropic's new artificial intelligence model that might supercharge cyberattacks, one source familiar with the situation told Reuters.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida Farm Bureau General Insurance Company, collectively referred to as Florida Farm Bureau Group.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Pinnacle Life Limited. The ratings reflect Pinnacle Life?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The United States needs to reduce its fiscal deficit by about four percentage points of GDP from the current level of 7% and needs a robust, credible plan to do so, International Monetary Fund Fiscal Affairs Director Rodrigo Valdes said on Wednesday.
U.S. homebuilder sentiment deteriorated in April, hitting a seven-month low as the war with Iran led to higher prices for materials and mortgage rates as well as increased economic uncertainty, a survey showed on Wednesday.
U.S. homebuilder sentiment deteriorated in April, hitting a seven-month low as the war with Iran led to higher prices for materials and mortgage rates as well as increased economic uncertainty, a survey showed on Wednesday.
U.S. homebuilder sentiment deteriorated in April, hitting a seven-month low as the war with Iran led to higher prices for materials and mortgage rates as well as increased economic uncertainty, a survey showed on Wednesday.
Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that while she sees no imminent need for the central bank to change its interest rate target setting, it's possible cuts or even hikes could lie ahead. "I think that rates are in a good place," Hammack said on CNBC.
* Fed's Hammack tells CNBC she sees rates on hold for some time. * Hammack says risks Fed could cut or raise rates. * Hammack says unclear yet what energy surge doing to economy. By Michael S. Derby.
The IMF warns that global public debt could reach about 100% of world GDP by 2029, a scenario where Bitcoin could stand out as investors seek alternatives outside traditional finance. Global public debt approaching 100% of GDP means that every dollar, yuan, pound, euro, yen, and rupee earned in a year will be used to pay off government debt.
Wall Street's main indexes opened higher on Wednesday as investors assessed the latest developments in the Middle East and a raft of corporate earnings, while awaiting remarks from Federal Reserve officials. The Dow Jones Industrial Average?rose?13.2?points, or?0.03%, at the open.
Wall Street's main indexes opened higher on Wednesday as investors assessed the latest developments in the Middle East and a raft of corporate earnings, while awaiting remarks from Federal Reserve officials. The Dow Jones Industrial Average rose 13.2 points, or 0.03%, at the open.
Government of Canada 30-year bonds have remained in a richer range to their United States Treasury counterparts year-to-date, failing to push well beyond the 100 bps differential, notes National Bank of Canada. While the near-term outlook is "muddied," the bank still sees scope for broader GoC outperformance on the back of a more favorable fiscal footing.
President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell from his separate seat on the U.S. central bank's Board of Governors if Powell does not vacate that post as well when his term as Fed chief ends on May 15, intensifying a complicated standoff that has upended the Fed's usually smooth transition of power.
* Powell's term as Fed chief ends on May 15; his seat on board extends to 2028. * Criminal probe into Powell complicates Warsh's confirmation as next Fed chief. * Powell likely to remain on Fed board until investigation is dropped. By Howard Schneider.
?ServiceMac honored for continued excellence in mortgage servicing performance for third straight year? ServiceMac, a mortgage subservicer and a member of the First American family of companies, today announced the company earned Fannie Mae?s 2025 Servicer Total Achievement and Rewards? Performer award in the Solution Delivery and Timeline Management categories.
inDrive, a global mobility and delivery platform, has joined the World Economic Forum?s Unicorn Community, an invitation-only group of hyper-growth companies recognized for driving innovation and positive global impact. inDrive is helping shape a digital economy in which technology works more fairly for people. inDrive?s participation in the Unicorn Community will focus on advancing fair access...
Intersects with hunger, housing insecurity, credit card debt; child care and employment disruptions NEW HAVEN, Conn. The NDBN Diaper Check 2026 is the third nationally representative study of diaper insecurity by the National Diaper Bank Network. The study finds that diaper insecurity harms adults' ability to work, as most child care providers require families to provide diapers.
Brazil's retail sales volumes rose in February but fell short of market expectations, even as they reached a new record level, data from statistics agency IBGE showed on Wednesday, amid high interest rates. * Sales increased 0.6% in February from the previous month, below the 1.0% growth forecast by economists in a Reuters poll. * Four of the eight sectors surveyed posted monthly gains, IBGE said.
Australia on Wednesday said it would raise defence spending to 3% of gross domestic product by 2033 from about 2% currently, in response to the most "complex and threatening" circumstances since World War Two. The expansion would be achieved through an additional A$14 billion in expenditure over four years and A$53 billion over the next decade, the government said.
Hogan Lovells Cadwalader to launch July 1 Firm to offer unmatched scale and specialty depth to meet client needs across key G20 economies Historic combination unites Cadwalader, Wall Street's oldest firm, and Hogan Lovells, a global leader in advising clients in highly regulated sectors LONDON and NEW YORK, April 15, 2026 /PRNewswire/ -- The proposed combination to form Hogan?Lovells Cadwalader...
* Supreme Court case, political disputes test Fed's independence. * Calls for more presidential control simmer alongside Fed independence debate. * Powell may stay on as Fed governor after Warsh becomes central bank chief. * Trump again threatens to fire Powell. By Howard Schneider and Ann Saphir.
The Canadian government on Tuesday announced to expect a spring fiscal update on April 28 and a gasoline tax cut decision that offers minimal effects, said Scotiabank. The fuel cut will knock about 0.1% off the month-over-month April consumer price index when prorated and probably another 0.1 off May when the full month is affected, noted the bank.
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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