Bank of Canada pivots to boosting economic growth, raising rate cut bets
By Promit Mukherjee and Fergal Smith OTTAWA (Reuters) – The Bank of Canada is shifting its focus to boosting the…
Economy
Take Five: Cancel Summer?
LONDON (Reuters) – Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a…
Saudi Arabia’s net foreign direct investment rises 5.6% in first quarter
DUBAI (Reuters) – Net foreign direct investment (FDI) inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion)…
World Bank approves $1.25 billion loans for the Philippines
MANILA (Reuters) – The World Bank said on Saturday its board of executive directors has approved $1.25 billion in loans…
Cocoa climbs back above $10,000 as chocolate industry outlook worsens
By Maytaal Angel LONDON (Reuters) – World cocoa prices rose back above $10,000 a ton on Thursday, heading towards the…
China state-owned banks sold dollars as yuan fell to near seven-month low, sources say
SHANGHAI/BEIJING (Reuters) – China’s major state-owned banks were seen selling dollars for yuan in the onshore spot foreign exchange market…
Explainer-What S&P’s ratings downgrade means for France
By Leigh Thomas PARIS (Reuters) – Standard & Poor’s (S&P) decision to downgrade its rating on France’s sovereign debt should…
ECB has significant room for rate cuts – Villeroy
PARIS (Reuters) – The European Central Bank has plenty of room for rate cuts and current market expectations for easing…
ECB set scene for June rate cut at last meeting, account shows
FRANKFURT (Reuters) -Euro zone inflation remains on track to fall back to 2% next year, so European Central Bank policymakers…
US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing
WASHINGTON (Reuters) – U.S. mortgage rates fell this week for the first time in more than a month amid signs…