WASHINGTON, March 5 (Reuters) – Big institutional investors
account for 80 percent of the half a trillion dollars foreigners
have plowed into emerging market sovereign debt in the last few
years, according to an analysis by International Monetary Fund
Investors such as hedge funds and sovereign wealth funds
held $768 billion in emerging market government bonds as of June
2013, the paper showed. Foreign central banks held at least $40
WASHINGTON (Reuters) – A standoff between the United States and Japan is holding up talks on a sweeping Pacific free trade pact and a lack of authority to push an eventual deal through the U.S. Congress without amendment may be undercutting Washington’s hand.
After weekend talks in Singapore, including two separate sessions between Japan and the United States, Japanese Economics Minister Akira Amari said “considerable gaps” remained with the United States on bread-and-butter issues like farm tariffs.
Feb 27 (Reuters) – Unusually harsh winter weather appears to
be behind recent signs of weakness in the U.S. economy, Federal
Reserve Chair Janet Yellen said on Thursday, suggesting the
central bank was poised to press forward in ratcheting back its
Testifying to the Senate Banking Committee, Yellen said the
Fed would watch carefully to ensure weather was indeed the
culprit, but she reiterated that it would take a “significant
change” to the economy’s prospects for the Fed to put plans to
wind down its bond-buying program on hold.