Explore

Reuters Reuters
Bank of Korea governor nominee vows to respond to excessive won weakness

Bank of Korea governor nominee vows to respond to excessive won weakness

SEOUL, April 13 (Reuters) - The Bank of Korea's governor nominee said it would be necessary to respond properly if the won fell excessively, in written remarks he submitted on Monday to parliament ahead of a parliamentary confirmation hearing on Wednesday.
Reuters Reuters
IMF expects pace of Japan's interest rate hikes to speed up slightly

IMF expects pace of Japan's interest rate hikes to speed up slightly

By Leika Kihara April 14 (Reuters) - The International Monetary Fund said on Tuesday it expected the Bank of Japan to raise interest rates gradually, but at a slightly faster pace than projected six months ago.
Reuters Reuters
Long Iran war may require painful central bank tightening, IMF chief economist says

Long Iran war may require painful central bank tightening, IMF chief economist says

By David Lawder WASHINGTON, April 14 (Reuters) - Central banks may need to inflict much more economic pain to control inflation fueled by a long Middle East war than they did to control the spike in prices after the pandemic, the International Monetary Fund's chief economist said.
Reuters Reuters
War is over for Wall Street, while oil drags down bonds and gold

War is over for Wall Street, while oil drags down bonds and gold

By Alun John, Sophie Kiderlin and Lucy Raitano LONDON, April 14 (Reuters) - As the conflict in the Middle East edges towards its eighth week, financial markets are starting to diverge.
Reuters Reuters
Bank of Korea governor nominee positive about won-denominated stablecoins

Bank of Korea governor nominee positive about won-denominated stablecoins

SEOUL, April 14 (Reuters) - The nominee to become the Bank of Korea's governor agreed to introduce won-denominated stablecoins, saying they would play a role in the currency ecosystem of the future, according to written remarks that were submitted on Monday to parliament.
Reuters Reuters
BOJ's Ueda calls for vigilance against impact of Middle East war

BOJ's Ueda calls for vigilance against impact of Middle East war

By Leika Kihara TOKYO, April 13 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Monday economic and price developments were moving roughly in line with the bank's forecasts, but called for vigilance to the impact of escalating conflict in the Middle East.
Reuters Reuters
Fed's Goolsbee says rate cuts may need to wait until 2027

Fed's Goolsbee says rate cuts may need to wait until 2027

By Ann Saphir April 14 (Reuters) - The Federal Reserve may need to wait until 2027 to cut interest rates if an extended bout of high oil prices from the Iran war delays inflation's progress towards the U.S. central bank's 2% goal, Chicago Federal Reserve President Austan Goolsbee said on Tuesday.
Reuters Reuters
Morning Bid: Fingers crossed for a resolution

Morning Bid: Fingers crossed for a resolution

A look at the day ahead in European and global markets from Rae Wee The U.S. military's blockade nL6N40V09S of Iran's ports has begun, creating more bad news nL4N40W08K for global oil supply, but never mind that because markets on Tuesday were riding on hopes of a resolution between Washington and
Reuters Reuters
Australia Inc starts to feel Iran war fallout, raising stagflation risk

Australia Inc starts to feel Iran war fallout, raising stagflation risk

By Christine Chen SYDNEY, April 14 (Reuters) - Australia's corporates are starting to count the cost of the war in the Middle East, with profit warnings from two top companies and a crash in business sentiment pointing to pain from rising prices, raising the risk of stagflation.
Trendline Trendline
Federal Reserve Unlikely to Cut Interest Rates Amid Rising Inflation and Oil Prices

Federal Reserve Unlikely to Cut Interest Rates Amid Rising Inflation and Oil Prices

Federal Reserve Unlikely to Cut Interest Rates Amid Rising Inflation and Oil Prices
Reuters Reuters
Under pressure: Tracking the pain in G7 government debt

Under pressure: Tracking the pain in G7 government debt

By Yoruk Bahceli, Ben Welsh, Dhara Ranasinghe and Rocky Swift LONDON/NEW YORK/TOKYO, April 14 (Reuters) - The world's major economies have seen their debt levels surge in recent years, while ever-increasing spending demands -- from ageing populations to climate change and defence -- are adding to
Reuters Reuters
Analysis-Protracted Iran war narrows BOJ's rate hike options

Analysis-Protracted Iran war narrows BOJ's rate hike options

By Leika Kihara TOKYO, April 13 (Reuters) - Once seen as a strong possibility, a Bank of Japan rate hike in April is turning into a fainter prospect as fading hopes of an end to the Middle East conflict keep markets volatile and muddle the outlook for a fragile economy.