Will ECB walk or just talk as rate circus comes to Europe?

BRUSSELS (Reuters) – The global march towards lower interest rates reaches Europe this week with the European Central Bank expected at least to signal easier monetary policy, while Turkey’s new banking chief is seen taking an ax to the country’s rates. Slowing global growth, increased protectionism and in some cases weak domestic data have persuaded major central banks to loosen […]

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Abe's on track to win at the polls, but he needs to spend more to fix Japan's economy: Analyst

Incumbent Prime Minister Shinzo Abe's ratings declined after a pension report released in June by a government agencywarned that many retirees in Japan will not be able to live on pensions alone.  Political stability will be retained in the country, they say, amid a slowing economy. That's sparking speculation that Japan's central bank could embark on more monetary easing, such […]

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Fed vice chair says US economy is strong, but uncertainty has risen

Fed’s Richard Clarida: US economy in good place, but uncertainty has increased Federal Reserve Vice Chairman Richard Clarida on the state of the U.S. economy, the central bank’s inflation target and President Trump’s attacks against the Fed. Federal Reserve Vice Chairman Richard Clarida on Thursday lauded the strength of the U.S. economy despite an increase in uncertainty from a slowdown […]

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Bank of England's Carney appears out of race for IMF top job

CHANTILLY, France (Reuters) – The governor of the Bank of England, Mark Carney, is unlikely to succeed Christine Lagarde as the boss of the International Monetary Fund, European officials said on Friday, as the European Union was considering four other names for the job. Lagarde resigned as IMF managing director this week after EU leaders picked her to become the […]

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Treasury could run out cash in early September, urges Congress to raise debt ceiling before recess

"Based on updated projections, there is a scenario in which we run out of cash in early September, before Congress reconvenes," Treasury Secretary Steven Mnuchin said in a letter to House Speaker Nancy Pelosi on Friday. "As such, I request that Congress increase the debt ceiling before Congress leaves for summer recess," Mnuchin said. The Treasury Department said it could […]

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Euro zone June business growth slow as factories still faltering

LONDON (Reuters) – Euro zone business activity picked up slightly last month but remained weak as a modest but broad-based upturn in the services industry offset a continued deep downturn in factory output, a survey showed. Worryingly for policymakers at the European Central Bank, who are under pressure to support growth, forward-looking indicators did not point to a bounce back […]

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