The great exit: central banks line up to dial back emergency stimulus
The U.S. Federal Reserve is projecting a faster timetable for interest rate rises and Norway’s central bank is preparing markets for four rate hikes by mid-2022, the latest signs policymakers are preparing to exit pandemic-driven stimulus.
Stung by pandemic and JBS cyberattack, U.S. ranchers build new beef plants
U.S. cattle ranchers and investors are sinking hundreds of millions of dollars into new beef plants after temporary closures of massive slaughterhouses at the start of the COVID-19 pandemic left farmers with nowhere to send animals destined to be turned into meat.
Analysis: Shaken but not stirred: bond markets may weather hawkish Fed for now
A hawkish shift at the U.S. Federal Reserve has ended a weeks-long rally in bond markets, but don’t bet on a repeat of the sharp selloff seen earlier this year just yet.
Explainer: How will EU ban on 10 banks from bond sales impact markets and banks?
LONDON, June 17 (Reuters) – Ten banks have been excluded over past breaches of antitrust rules from European Union syndicated debt sales backing Brussels’ up to 800 billion euro ($969 billion) COVID-19 recovery fund.
Energy, services boost euro zone inflation in May as expected
A sharp spike in energy prices and more expensive services boosted euro zone consumer inflation in May as expected, data confirmed on Thursday, taking the rate of price growth just above the European Central Banks target.
Bonds stung, dollar cheered by sudden hawkish turn at Fed
Asian equities fell to a three-week low on Thursday after the U.S. Federal Reserve stunned investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.
Euronext resolves derivatives trading glitch after four-hour outage
Pan-European financial markets operator Euronext (ENX.PA) said on Thursday that it had resolved the technical glitches which knocked out index derivatives trading for nearly four hours earlier in the day.
SNB hikes Swiss inflation view but policy to stay ultra-loose
The Swiss National Bank on Thursday signalled monetary policy would stay ultra-loose for the foreseeable future, saying projected higher inflation was no reason to change course a day after the timetable for U.S. rate hikes moved forward.
Whitbread looks ahead to post-lockdown bounce in UK leisure demand
Premier Inn-owner Whitbread (WTB.L) said hotel bookings in its tourist locations picked up in the run-up to the summer season, lifting its shares even as Britain delayed plans to ease pandemic restrictions.
Explainer: Lebanon’s financial meltdown and how it happened
Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their spending binge.
