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

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 ramps up emergency cash plans to tackle blackouts

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

Biden and Xi clash over Taiwan in Bali but Cold War fears are lukewarm

Biden and Xi met for 3 hours before the G-20 Both leaders stress the need to put relations back on track Indonesia seeks partnerships on global economy at G20 Ukrainian President Zelensky to address the G20 on Tuesday NUSA DUA, Indonesia, Nov. 14 (Reuters) – U.S. President Joe Biden and Chinese President Xi Jinping held … 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

Exclusive: China cancels EU leader’s video speech at opening of major trade fair

BEIJING/BRUSSELS (Reuters) – The Chinese authorities behind a major trade fair in Shanghai withdrew an opening speech by the president of the European Council that was due to criticize Russia’s “illegal war” in Ukraine and call for less trade dependence on China. Diplomats said. Three European diplomats told Reuters the pre-recorded video by Charles Michel … Read more

Analysis: Australia’s unbalanced swap market creates pockets of price chaos

SINGAPORE/SYDNEY (Reuters) – Volatility has exploded in an obscure but important corner of Australia’s $113 billion a day interest rate derivatives market, as turmoil flows across fixed income products. Dealers say the normally stable market for fixed and floating rate payments swaps has turned wild due to a combination of policy changes, speculation and skewed … Read more

As the yen drops, gadget-loving Japan turns to used iPhones

TOKYO (Reuters) – For years Japanese shoppers have been eagerly waiting for the latest hardware, but now a weaker yen has put new iPhones out of reach for some and sparked a growing second-hand trade in a key market for Apple Inc. (AAPL.O). The Japanese currency’s slide to a 32-year low against the dollar has … Read more

Deposed Pakistani Prime Minister Imran Khan shot himself in the leg in what aides called an assassination attempt

Former cricketer Imran Khan shot himself in the leg He was leading a march to Islamabad to demand early elections “It was an obvious assassination attempt,” says an aide. Pakistan has a long history of political violence The White House condemns the attack on Khan LAHORE (Reuters) – Former Pakistani Prime Minister Imran Khan was … 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