New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

G20 summit condemns war in Ukraine ‘in the strongest terms’

G20 says “most members” condemn war in Ukraine Declaration of the threat of use of nuclear weapons Convention for the standardization of monetary tightening NUSA DUA, Indonesia (Indonesia) (Reuters) – G20 leaders denounced Russia’s aggression against Ukraine “in the strongest terms” on Wednesday and demanded its unconditional withdrawal in a declaration adopted at the end … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Exclusive: Germany is stepping up its emergency monetary plans to tackle power outages

FRANKFURT (Reuters) – German authorities are stepping up preparations to hand over emergency funds in the event of a power outage to keep the economy running as the nation prepares for a possible blackout caused by the war in Ukraine, four people involved said. One of the people said plans include the Bundesbank, Germany’s central … Read more

Biden and Xi prepare to meet ahead of Ukraine-overwhelmed G20 summit

NUSA DUA, Indonesia (Reuters) – Chinese leader Xi Jinping arrived on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden ahead of a set to be perilous summit of the Group of 20 nations. With tension due to the Russian invasion of Ukraine. The two leaders are expected … Read more

Lola’s honeymoon ends with markets amid concerns over spending plan

BRASILIA (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s honeymoon with markets appeared to be over on Thursday, as investors grew impatient with his desire to boost social spending without setting long-term fiscal rules or naming top economic policymakers. Brazil’s currency and the Bovespa stock exchange benchmark (.BVSP) Both jumped last week after Lula … Read more

Ukraine warns of more attacks on infrastructure, mayor urges Kyiv to prepare for the worst

Russia may be preparing for more attacks on energy sites – Zelensky 4.5 million Ukrainians without electricity as winter approaches Biden aide held talks with senior Russian officials Report: US urges Ukraine to open up to talks with Russia Kyiv/WASHINGTON (Reuters) – Ukrainian President Volodymyr Zelensky warned on Sunday of possible further Russian attacks on … Read more

The Fed is raising interest rates significantly, indicating possible smaller increases in the future

The US central bank raises interest rates by 75 basis points Powell says the time to reassess the pace of rate hikes is ‘coming’ WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst spread of inflation in 40 years, … Read more

Russian missiles hit apartments in Ukraine, killing one person

Kyiv, other cities suffer from blackouts and water Putin: Missile strikes ‘not all we can do’ Russia also suspended its role in the grain deal after saying its ships were damaged Zelensky: Russia is ‘blackmailing the world with hunger’ Kyiv (Reuters) – Russia fired four missiles at the southern Ukrainian port city of Mykolaiv overnight, … Read more

Booming Wall Street boosts global and European stocks; oil slices

WASHINGTON/LONDON (Reuters) – Global and European stocks rose on Friday as Wall Street extended gains on hopes that some central banks will slow down in raising interest rates. Commodity prices took a hit from the strength of the US dollar. Oil prices fell after China, the largest importer of crude, expanded its restrictions on the … Read more