"We can have deflation and inflation at the same time. If all of this debt that has built up, especially for households, if they are allocating more of their income to servicing debt, then they have fewer dollars to spend on other things. So, you are going to have deflation and inflation at the same time."Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal R...Read More
Happy New Year! We always approach a new year with anticipation, hope, and also some worries. Last year was one of the strangest political years I have seen in some time. A new Republican president spent his first year pursuing more or less the same foreign policy as his Democratic predecessor and the Democratic Party spent the year looking under every rock in the US for a "Russian connection" or...Read More
Abedin forwarded passwords for her government laptop to her personal Yahoo account on Aug. 24, 2009, an email released by the State Department in September 2017 reveals.Continue...Read More
Gold's strength last year came even as U.S. equity markets rose to record levels and the Fed increased interest rates three times Continue...Read More
"One of the things about bitcoin and the cryptocurrencies is: is there really an unlimited supply? We're gold miners. Continue...Read More
(Corrects throughout to read Dec imports fell, not rose)SEOUL, Jan 1 (Reuters) - South Korea's crude oil imports fell 3.0 percent in December from a year earlier to 96.8 million barrels, preliminary data from the Ministry of Trade, Industry and Energy showed on Monday.Final data will be released later this month by state-run Korea National Oil Corp (KNOC).Details of preliminary imports and previou...Read More
* Dec exports up 8.9 pct y/y, imports up 13.0 pct y/y* Exports rise 15.8 percent for full year* 2017 exports best since 1956 by value - trade ministry* Sales of memory chips, petrochemical goods post double-digit growth in Dec* Growth seen slowing in 2018 By Cynthia KimSEOUL, Jan 1 (Reuters) - Soaring global demand for memory chips and petrochemicals helped South Korea's exports surge 8.9 percent...Read More
Jan 1 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Peer-to-peer lender Funding Circle is poised to hire advisers to prepare for over a 1 billion pound ($1.35 billion) float next year. - Directors of the Palmer & Harvey (P&H) altered the terms of an interest-...Read More
Jan 1 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS4-JanSpain Bond auction5-JanJapan 3-month discount bill auction8-JanFranceAuction of BTF Treasury notes8-JanNetherlands DTC auction9-JanUnited States Sale of 3-year notes9-JanUnited KingdomAuction of 1 1/4 % Treasury Gilt 20279-JanNetherl...Read More
Jan 1 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is fileddaily.----------------------------------------------------------- MONDAY, JANUARY 1RICHMOND, Virginia. - Thomas Barkin begins his tenure as president of the Federal Reserve Bank of Richmon...Read More
By Maki ShirakiNAGOYA, Japan, Jan 1 (Reuters) - Japan's Mitsubishi Heavy Industries Ltd is on track to deliver its repeatedly delayed commercial jet by mid-2020, the head of its aircraft unit said, despite a risk of an order cancellation.The Mitsubishi Regional Jet (MRJ) aircraft has been delayed five times from an original delivery target of 2013, leading to spiralling costs. News this month that...Read More
Dec 31 - Below is a table of the latest Lebanese economic statistics. Figures are provided by the central bank, finance ministry and ratings agencies. Newly updated information denoted by (*). -----------------------LEBANESE POUND---------------------- EXCHANGE RATE BETWEEN BANKS : 1,507.5 pounds to the dollar -----------------------KEY INTEREST RATES------------------ *T-bill rates(Dec 21 issue)...Read More
(Corrects first paragraph to show yields rose not fell)Cairo, Dec 31 (Reuters) - Average yields on Egypt's three- and nine-month treasury bills rose at an auction on Sunday, central bank data showed.Yields on the 91-day bills rose to 19.223 percent from 18.770 at the last sale a week earlier, while yields on the 266-day bills also rose to 18.754 percent from 18.097 percent. (Reporting by Nadine A...Read More
(Corrects first paragraph to show yields rose not fell)CAIRO, Dec 31 (Reuters) - Average yields on Egypt's five- and 10-year treasury bonds rose at an auction on Sunday, central bank data showed.The average yield on the five-year bond rose to 15.856 percent from 15.728 percent at the last similar auction. The average yield on the 10-year bond rose to 16.025 percent from 15.740 percent. (Reporting...Read More
* Geopolitics, slumping economic growth weighed on Gulf bourses* Saudi index edged up just 0.2 pct in year, Dubai fell 4.6 pct* Valuations, higher state spending should help markets in 2018* Saudi's National Commercial Bank surges on bonus share issue* Dar Al Arkan pulls back after news of unit's IPO plan By Andrew TorchiaDUBAI, Dec 31 (Reuters) - Middle Eastern stock markets far underperformed t...Read More
(Recasts with 2017 data, adds details)By Steven ScheerTEL AVIV, Dec 31 (Reuters) - Israel's economic growth slowed in 2017 to 3 percent due to weaker consumer spending and investment, provisional data showed on Sunday, although a slight pickup is expected in 2018.The provisional estimate from the Central Bureau of Statistics was based on nine to 11 months of data and was well below a growth rate...Read More
FRANKFURT, Dec 31 (Reuters) - Siemens will test the appetite of sovereign wealth funds ahead of the planned listing of its healthcare unit Healthineers next year, its chief executive told a German weekly, possibly to secure anchor investors for the flotation.The listing of a minority of the unit, which makes X-ray and MRI machines, is set to take place in the first half of 2018 and is expected to...Read More
TEL AVIV, Dec 31 (Reuters) - Israel's economy grew an annualised 3.5 percent in the third quarter, slower than previously thought on a much smaller gain in exports, the Central Bureau of Statistics said on Sunday.In a preliminary estimate last month, the bureau said gross domestic product grew an annualised 4.1 percent, faster than the average forecast of 2.5 percent in a Reuters poll.Growth in th...Read More
Cairo, Dec 31 (Reuters) - Egypt will keep its customs exchange rate steady at 16 pounds per dollar for January, the finance ministry said on Sunday."The decision is consistent with the currency price stabilization in the past period," it said in a statement.Egypt began setting a monthly fixed customs exchange rate in January, following the flotation of its pound currency in November 2016...Read More
WINDHOEK, Dec 31 (Reuters) - Namibia's stock of foreign reserves declined at the end of November to a five-month low of 28.5 billion Namibian dollars($2.31 billion), according to central bank monetary and banking statistics seen by Reuters on Sunday.The level of international reserves declined from 31.6 billion Namibian dollars ($2.56 billion) at the end of October, mainly due to exchange rate flu...Read More