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Oct 11, 2013
Oct 11, 2013

Fed defends ongoing stimulus, admits communications blips

WASHINGTON/NEW YORK (Reuters) – Top Federal Reserve officials said on Friday their decision not to reduce the pace of stimulus was wise given the crippling U.S. government shutdown, while admitting some recent troubles in getting their policy message across.

Fed Board Governor Jerome Powell said the central bank will maintain its ultra-easy monetary policy for quite a while longer, regardless of what decision it takes on when to change the level of its monthly bond buying campaign.

Oct 10, 2013
Oct 10, 2013
Oct 10, 2013

BoJ’s Kuroda says does not expect U.S. to default

NEW YORK (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Thursday that he does not expect the United States to default on its debt.

“I don’t expect U.S. default,” Kuroda said.

And even should a default happen, he added, it “does not affect our collateral policy.”

Oct 9, 2013

South Africa strikes will hit GDP, but mining revenue up

NEW YORK (Reuters) – South Africa’s declining economic growth rates will continue to feel the impact of strikes in its key mining sector in 2013, even as mining revenues are expected to rise, Deputy Finance Minister Nhlanhla Nene told Reuters on Wednesday.

Africa’s biggest economy has seen its growth rates trending down and forecasts for this year are for more of the same, Nene told Reuters on the sidelines of a UBS investment conference in New York.

Oct 8, 2013

Chile concerned by U.S. debt deadline; no bond sale plans

NEW YORK (Reuters) – Chile has no plans to sell sovereign debt in the international markets this year, Finance Minister Felipe Larrain said on Tuesday, citing little need for the cash and the unfavorable rise in benchmark U.S. Treasury yields.

“We really don’t need the money, and I don’t think we can do better than what we got in 2012,” he said.

Oct 8, 2013
Oct 7, 2013
Oct 7, 2013

U.S. credit rating again in danger of downgrade

NEW YORK, Oct 7 (Reuters) – The three main credit rating
agencies have all warned, in varying degrees, the United States
rating could be cut should it hit an expected Oct. 17 deadline
when Washington is set to run out of cash, endangering its
ability to pay its debt.

As in 2011 when Democrats and Republicans in the U.S.
Congress could not agree on a budget and spending measures, the
full faith and credit of the United States is being put into
question, and global markets are coming under pressure.

    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
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