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September 26, 2021

econ

Germans vote in close election to decide Merkel successor

Reuters
Chancellor Angela Merkel is not seeking a fifth term Final opinion polls gave Social Democrats a narrow lead Conservatives reduced gap in final stages of campaign BERLIN, Sept 26 (Reuters) – Germans vote in a national election on Sunday that looks too close to call, with the centre-left Social Democrats......

Wall St Week Ahead Fed’s coming taper fans talk of renewed ‘reflation’ trade

Reuters
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo NEW YORK, Sept 24 (Reuters) – The Federal Reserve’s signal that it will soon unwind its bond buying program is bolstering the case in financial markets......

Ecuador’s Lasso proposes economic reforms to reactivate economy

Reuters
Ecuador’s President Guillermo Lasso speaks during the annual gathering in New York City for the 76th session of the United Nations General Assembly (UNGA) in New York, U.S., September 21, 2021. Spencer Platt/Pool via REUTERS BOGOTA, Sept 24 (Reuters) – Ecuadorean president Guillermo Lasso on Friday proposed new labor regulations......

Huawei CFO strikes agreement with U.S. over fraud charges, allowing her to leave Canada

Reuters
Sept 24 (Reuters) – Huawei Chief Financial Officer Meng Wanzhou has reached an agreement with U.S. prosecutors to end the bank fraud case against her, officials said on Friday, a move that should allow her to leave Canada and relieve a point of tension between China and the United States.......

U.S. new home sales beat expectations; supply near 13-year high

Reuters
New home sales increase 1.5% in August; July revised up Median sales price rises 20.1% from year ago WASHINGTON, Sept 24 (Reuters) – Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a COVID-19 pandemic-fueled buying frenzy.......

EXCLUSIVE Huawei CFO Meng to appear in court, expected to reach agreement with U.S. – source

Reuters
WASHINGTON, Sept 24 (Reuters) – Huawei Technologies (HWT.UL) Chief Financial Officer Meng Wanzhou and U.S. prosecutors are expected to appear in court to say they have reached an agreement to resolve charges against her, according to a source familiar with the matter, in a process that should allow her to......

China scrambles to fix power crunch, tame runaway raw material markets

Reuters
BEIJING, Sept 24 (Reuters) – Roiled by widening power curbs that have disrupted industrial operations, Chinese commodity producers and manufacturers may finally be getting some relief. Beijing’s top economic planner, the National Development and Reform Commission, said on Friday it will work to resolve the power shortages that have plagued......

U.S. weekly jobless claims unexpectedly rise; labor market recovery on track

Reuters
People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud Weekly jobless claims increase 16,000 to 351,000 Four-week average of claims at 18-month low Continuing claims rise 131,000 to 2.845 million Business activity slows in September WASHINGTON, Sept 23 (Reuters)......

Wall Street set for strong open as taper fears fade

Reuters
A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid Weekly jobless claims rise more than expected Accenture, Salesforce up after boosting forecasts Futures up: Dow 0.69%, S&P 0.62%, Nasdaq 0.53% Sept 23 (Reuters) – Wall......

Uganda loosens anti-coronavirus restrictions as pandemic ebbs

Reuters
Uganda’s President Yoweri Museveni attends a meeting with Russia’s President Vladimir Putin on the sidelines of the Russia–Africa Summit in Sochi, Russia October 23, 2019. Sputnik/Mikhail Metzel/Kremlin via REUTERS KAMPALA, Sept 22 (Reuters) – Uganda’s President Yoweri Museveni on Wednesday eased anti-coronavirus restrictions, including allowing resumption of education for universities......

South Korea foreign minister says to meet Japan counterpart on Thursday

Reuters
South Korean Foreign Minister Chung Eui-yong speaks during a joint announcement with Russian Foreign Minister Sergei Lavrov at the Foreign Ministry in Seoul, South Korea, March 25, 2021. Ahn Young-joon/Pool via REUTERS WASHINGTON, Sept 22 (Reuters) – South Korean Foreign Minister Chung Eui-yong said he would meet his Japanese counterpart......

U.S. existing home sales fall in August; price appreciation slowing

Reuters
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. REUTERS/Mike Blake/File Photo Existing home sales fall 2.0% in August Housing inventory declines 13.4% from a year ago Median house price increases 14.9% from a year ago......

Germany’s Ifo institute slashes 2021 GDP growth forecast to 2.5%

Reuters
: Staff wear protective masks at the Volkswagen assembly line in Wolfsburg, Germany, April 27, 2020. Swen Pfoertner/Pool via REUTERS/File Photo Germany’s next chancellor inherits fragile recovery Supply bottlenecks hold back industrial output Consumption boom on the cards for next year BERLIN, Sept 22 (Reuters) – Germany’s Ifo economic institute......

BOJ more downbeat on exports, output even as recovery seen on track

Reuters
A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon BOJ keeps interest rate targets unchanged BOJ offers bleaker view on export, output Kuroda says Japan’s economy headed for recovery BOJ rolls out......

BOJ rolls out climate scheme, to disburse first loans late December

Reuters
A man wearing a protective mask stands in front of the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo BOJ will begin accepting applications from Wednesday BOJ says to offer climate loans twice a year Financial institutions required to......

Dollar near one-month high as Evergrande risks, Fed loom

Reuters
TOKYO, Sept 22 (Reuters) – The dollar held below a near one-month high on Wednesday as investors focused on two key risks — a default by Chinese property developer Evergrande and the expected pace of U.S. monetary policy tightening. The dollar index stood at 93.226 in early Asian trade, staying......

Military aid for Israel removed from U.S. funding bill, but leadership pledges vote later this week

Reuters
WASHINGTON, Sept 21 (Reuters) – Democratic lawmakers on Tuesday removed $1 billion in military funding for Israel from legislation to fund the U.S. government after objections from liberals in the House of Representatives, but party leaders pledged to bring the matter up again later this week. Some House Democrats objected......

Labor, building material shortages depress U.S. single-family housing starts

Reuters
A carpenter works on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones Housing starts increase 3.9% in August; July revised up Single-family starts fall 2.8%; multi-family jump 21.6% Building permits jump 6.0%; single-family......

Norway to raise gas exports to Europe as prices soar

Reuters
Equinor’s logo is seen at the company’s headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo To hike by total 2 bcm from Oct. 1 for next 12 months Europe seeing record power prices OSLO, Sept 20 (Reuters) – Norway will allow state-controlled Equinor (EQNR.OL) and its partners to......

Erdogan’s waning patience: Four questions for Turkey’s central bank

Reuters
Turkey’s Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas//File Photo As world preps for tighter policy, Turkey looks to ease Erdogan has urged rate cuts despite rising inflation ISTANBUL, Sept 20 (Reuters) – Turkey’s central bank has begun setting the stage......

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