NEW YORK (Reuters) – Foreigners soured on long-term U.S. securities in August, shedding both stocks and government bonds, and China’s Treasury holdings fell to a six-month low, U.S. Treasury data showed on Tuesday.
Overseas holdings of long-term U.S. securities decreased by $8.9 billion in August. Those holdings had increased by $30.9 billion in July.
WASHINGTON (Reuters) – India’s central bank chief on Thursday said his country is not nearly as troubled as investors fear and stressed that the government has plenty of money to meet its obligations.
“There is no way we are close to being a country in financial or economic crisis,” Raghuram Rajan, governor of the Reserve Bank of India, said while in the U.S. capital to attend the annual International Monetary Fund and World Bank meeting.
NEW YORK (Reuters) – Investors who behave conventionally are likely to get burned if the political standoff over the federal budget and the debt ceiling ends up forcing the United States to default.
But portfolio managers and strategists say that if investors put their trading hats on, they may be able to protect themselves and even possibly come out ahead.
NEW YORK, Oct 3 (Reuters) – Investors who behave
conventionally are likely to get burned if the political
standoff over the federal budget and the debt ceiling ends up
forcing the United States to default.
But portfolio managers and strategists say that if investors
put their trading hats on, they may be able to protect
themselves and even possibly come out ahead.
NEW YORK/BEIJING, Oct 1 (Reuters) – U.S. manufacturing grew
last month at its fastest clip in nearly 2-1/2 years but
expansion in China’s massive factory sector was slight and deep
divergences persisted in euro zone countries, surveys on Tuesday
The data, drawn from business surveys released on Tuesday,
highlighted the uneven nature of the global economic recovery.
Signs that China may be struggling were of particular concern
with a partial U.S. government shutdown and political crisis in
Italy already stoking uncertainty in financial markets.
NEW YORK (Reuters) – The European Central Bank has room to cut interest rates further if needed but does not target a specific level for money market rates, central bank Executive Board member Benoit Coeure said on Thursday.
In a prepared speech to be given to the Money Marketeers Club of New York, Coeure also said the ECB’s stated intent to hold its benchmark interest rate low for an extended period had helped anchor the short-term money market rates banks use when lending to each other.
NEW YORK (Reuters) – The European Union’s chief economic policymaker on Monday said German Chancellor Angela Merkel’s strong showing in her country’s election on Sunday demonstrated that Germany’s push for economic reforms across the euro zone will continue, something that is critical to the region’s health.
Germany is Europe’s biggest economy and it has exercised a great deal of muscle in trying to guide the euro zone through the financial crisis and a recession that continues to grip much of the region, particularly some of the southern countries.
LONDON/NEW YORK (Reuters) – A flood of new orders gave a boost to European and Chinese firms in September although weakness in U.S. factory activity tempered evidence of a healing global economy.
Purchasing managers’ indexes, surveying thousands of companies across the globe, showed a welcome pick-up in the euro zone and China although slower growth in the United States’ manufacturing sector backed the Federal Reserve’s decision last week to maintain its support for the world’s largest economy.
NEW YORK (Reuters) – An outspoken Federal Reserve hawk warned on Friday that the U.S. central bank had harmed its credibility by delaying a highly anticipated reduction in monetary stimulus this week, but another official argued it had been the right thing to do.
Policymakers hit the speech circuit as financial markets continued to puzzle over Wednesday’s shock decision by the Fed not to scale back its massive bond buying program, after allowing the impression over the summer that it would do so.
NEW YORK, Sept 20 (Reuters) – Low readings on inflation
allow the U.S. Federal Reserve to be patient in deciding when to
scale back its pace of asset purchases, a senior Fed official
said on Friday, cautioning that he would not back action until
price pressures picked up.
“While I expect inflation to rise during the coming
quarters, I want to see evidence of such an increase before
endorsing less accommodative policy action by the FOMC,” James
Bullard, president of the St. Louis Federal Reserve, said.