Feds Barkin says central bank can tweak path once its gets to neutral rate
(Reuters) – The U.S. Federal Reserve can assess how much more it needs to do to bring inflation back down to its 2% goal when it has raised borrowing costs to a neutral level, Richmond Fed President Thomas Barkin said on Tuesday.
Glass Lewis recommends votes “against” CEO pay at Twitter
(Reuters) – Proxy adviser Glass Lewis recommended investors cast advisory votes “against” executive pay at Twitter Inc and backed a shareholder resolution calling for the social media platform to add a director with human rights or civil rights expertise.
China state banks seen busy with FX swaps, pressing swap points to negative
SHANGHAI (Reuters) -Chinas major state-owned banks were actively swapping yuan for dollars in the onshore forwards market on Tuesday, five banking sources said, pressuring swap points into negative territory for the first time in more than three years.
Fed‘s Williams: ’soft landing would still see unemployment rate rise
ELTVILLE AM RHEIN, Germany (Reuters) – The Federal Reserves efforts to tame inflation will at best still see declining economic growth and a small rise in the unemployment rate for a period, New York Fed President John Williams said on Tuesday.
Inflation in Ukraine rises to 16.4% y/y in April – statistics service
KYIV (Reuters) – Ukraine‘s inflation increased to 16.4% in April year-on-year from 13.7% in March, the state statistics service said on Tuesday, citing a sharp rise in food and energy prices following Russia’s invasion as the main reasons.
U.N. seeks $144 million to offload decaying Yemen oil tanker
By Suleiman Al-Khalidi AMMAN (Reuters) – The United Nations will launch a $144 million appeal on Wednesday for an operation to offload a million barrels of crude oil from a tanker stranded off the coast of war-torn Yemen for years which threatens a major environmental disaster.
Crypto assets shed $800 billion in market value in a month
By Medha Singh (Reuters) – Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to data site CoinMarketCap, as the end of easy monetary policy diminishes appetite for risk assets.
Chile interest rate seen rising to 9% in June- analyst poll
SANTIAGO (Reuters) – Chile is expected to hike its benchmark interest rate to 9% in June, a central bank poll of analysts suggested on Tuesday, as the worlds top copper producer battles to rein in high inflation.
General Atlantic leads $105 million funding in crypto trading platform Talos
(Reuters) – Digital asset trading platform Talos said on Tuesday it has raised $105 million in an early-stage funding round led by U.S. private equity firm General Atlantic, taking the companys valuation to $1.25 billion.
Britain tops sterling swaps trading after Brexit
By Samuel Indyk LONDON (Reuters) – Britain‘s trading platforms have regained their position as the largest location for on-venue execution of sterling interest rate swaps, new analysis has found, in a boost for the country’s financial services industry post-Brexit.
Netherlands says becomes first govt to align green bonds with EU standards
By Yoruk Bahceli (Reuters) – The Netherlands has become the first government to closely align its green bond framework with the European Unions sustainable investment rulebook, the Dutch State Treasury Agency said on Tuesday.
Lufthansa sees no significant restructuring costs in 2022
FRANKFURT (Reuters) – German flag carrier Lufthansa said on Tuesday it sees no further significant restructuring costs this year, a relief after reorganisation efforts amid the COVID-19 pandemic weighed on its results in late 2020 and throughout 2021.
BoE's Saunders says he's worried inflation will be higher than forecasts
Bank of England policymaker Michael Saunders worries that inflation could prove stronger than the BoE's forecasts which see it passing 10% later this year.
Renault sees a double digit margin for its Mobilize brand in 2027
PARIS (Reuters) – French carmaker Renault said it was targeting a double-digit margin for its new Mobilize brand, which proposes new solutions around mobility and data, and that ‘Mobilize’ would aim to represent 20% of Renaults overall group turnover by 2030.
Indias inflation likely accelerated to an 18-month high in April: Reuters poll
By Prerana Bhat and Arsh Tushar Mogre BENGALURU (Reuters) – India‘s retail inflation likely surged to an 18-month high in April, largely driven by rising fuel and food prices and staying well above the Reserve Bank of India’s upper tolerance limit for a fourth consecutive month,
Commodity currencies hit by tumbling oil prices, bitcoin near 10-month low
By Alun John HONG KONG (Reuters) – Falling commodity prices dragged the Australian and Canadian currencies lower on Tuesday, although the dollar was steady against most other majors while bitcoin continued to tumble.
Suncor Energy beats profit estimates, weighs UK portfolio sale
(Reuters) -Suncor Energy Inc exceeded analysts‘ estimates for first-quarter profit and boosted dividend by 12% to its highest level on Monday, as Canada’s No.3 oil major benefited from soaring crude prices.
Japan March household spending posts first fall in 3 months
By Kantaro Komiya TOKYO (Reuters) – Japans household spending fell in March for the first time in three months, though the drop was smaller than expected, as consumers remained wary of rising living costs despite some easing of COVID-19 curbs.
Germany faces deep recession if Russian gas supplies are cut – economist
BERLIN (Reuters) – A halt to Russian gas supplies to Germany would trigger a deep recession and cost half a million jobs, a senior economist said in an interview published on Tuesday, as Europes biggest economy tries to cut Russian energy imports.
Citigroup says Russia unit to be sold had $32 million revenue in Q1
NEW YORK (Reuters) – Citigroups Russian consumer banking franchise that has been put up for sale had first quarter revenue of $32 million, down 6% from a year earlier, the bank disclosed in a quarterly securities filing on Monday.
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