Correspondent, Washington
Jason's Feed
Apr 21, 2015

U.S. Treasury warns Congress: Currency push for trade deals will fail

WASHINGTON (Reuters) – The U.S. Treasury on Tuesday warned lawmakers against insisting on sanctions against currency cheating in trade deals and said Pacific trading partners made clear they oppose such rules.

Senators plan to push for tough rules to stop trading partners deliberately weakening their currencies when amendments are considered on Wednesday to a bill to streamline the passage of trade deals through Congress.

Apr 19, 2015

Chilean finance minister: reforms are not weighing on investment

WASHINGTON, April 19 (Reuters) – Chilean Finance Minister
Alberto Arenas on Sunday denied that uncertainty over his
government’s economic reform agenda was contributing to a sharp
drop in investment in the copper-producing country.

Gross fixed capital investment in Chile plunged 6 percent
last year, part of a larger trend in Latin America brought on by
falling commodity prices.

Apr 17, 2015

G20 more upbeat on growth, but officials fret over Greece

WASHINGTON (Reuters) – The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens’ inability to strike a deal with its lenders could upset Europe’s tentative recovery.

In a communique after a two-day meeting, G20 finance ministers and central bankers welcomed brighter economic signs in rich nations, but lamented weakness in emerging markets.

Apr 16, 2015

Peruvian finance minister: The boom is over

WASHINGTON, April 16 (Reuters) – Peru’s finance minister
said on Thursday the end of the boom in commodity prices will
deal a permanent economic shock, making it likely the Peruvian
economy will grow less than expected this year.

“We’re facing a permanent shock,” Finance Minister Alonso
Segura told Reuters in an interview.

Apr 9, 2015

U.S. warns Europe against relying too much on exports

WASHINGTON, April 9 (Reuters) – The United States warned
Europe on Thursday against relying too much on exports for
growth and urged officials to make more use of fiscal policy,
saying stronger demand in Germany was essential.

In its semiannual report to Congress, the U.S. Treasury
Department appeared to give a preview of the positions it will
press on foreign policymakers during next week’s International
Monetary Fund meetings in Washington.

Apr 2, 2015

Pay rises for low-wage U.S. workers gain speed, support recovery

WASHINGTON (Reuters) – America’s lowest paid workers are getting bigger raises that are outpacing the gains of many of their better-off peers, a trend that suggests the benefits of U.S. economic growth are finally trickling down, boding well for the resilience of the upturn.

Employment data USJOB=ECI due on Friday is expected to confirm that rising path, underscored on Wednesday by McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) announcement that it planned to hike wages. Major retailers Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research, Stock Buzz), TJ-Maxx and Target(TGT.N: Quote, Profile, Research, Stock Buzz) have already announced pay rises.

Apr 2, 2015

Insight – Pay rises for low-wage U.S. workers gain speed, support recovery

WASHINGTON (Reuters) – America’s lowest paid workers are getting bigger raises that are outpacing the gains of many of their better-off peers, a trend that suggests the benefits of U.S. economic growth are finally trickling down, boding well for the resilience of the upturn.

Employment data due on Friday is expected to confirm that rising path, underscored on Wednesday by McDonald’s Corp announcement that it planned to hike wages. Major retailers Wal-Mart Stores Inc., TJ-Maxx and Target have already announced pay rises.

Mar 31, 2015

Fed to have ‘strong’ case for June rates lift-off -Lacker

, March 31 (Reuters) – The Federal Reserve will
have a “strong” case to hike interest rates in June, a hawkish
U.S. central bank official said on Tuesday, dismissing recently
weak economic data as transitory and perhaps due to unseasonable
weather.

Richmond Fed President Jeffrey Lacker, who has long called
for a prompt tightening of monetary policy, said consumer
spending, the labor market and other economic conditions have
improved significantly over the last year.

Mar 18, 2015

U.S. urges allies to think twice before joining China-led bank

BERLIN/WASHINGTON (Reuters) – The United States has urged countries to think twice before signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join.

The concerted move by U.S. allies to participate in Beijing’s flagship economic outreach project is a diplomatic blow to the United States and its efforts to counter the fast-growing economic and diplomatic influence of China.

Mar 17, 2015

Defying U.S., European allies say they’ll join China-led bank

BERLIN/WASHINGTON (Reuters) – Germany, France and Italy said on Tuesday they would join a new China-led Asian investment bank after close ally Britain defied U.S. pressure to become a founder member of a venture seen in Washington as a rival to the World Bank.

The concerted move to participate in Beijing’s flagship economic outreach project was a diplomatic blow to the United States, reflecting European eagerness to partner with China’s fast-growing economy, the world’s second largest.