How a US debt crisis standoff could cause a recession – a bad one
WASHINGTON, May 3 – A fight between Republicans and Democrats over the debt limit ceiling could send the U.S. economy into a recession even if...
US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet
WASHINGTON, May 1 (Reuters) – U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the...
Gold advances on fresh banking jitters as Fed verdict looms
FOMC starts two-day meeting on interest rates Fed widely seen raising rates by 25 bps Markets see no chance of another hike in June May...
Bank of England projects 100 billion pound loss for QE programme
LONDON, April 28 (Reuters) – The Bank of England estimated on Friday that its quantitative easing programme would rack up a total financial loss of...
Gold holds losses as inflation data reinforces rate hike bets
Silver, platinum, palladium set for second monthly gain Dollar, yields on track for monthly fall April 28 (Reuters) – Gold eased on Friday after a...
Gold dips as rate hike bets hold despite weak data, dollar gains
U.S. economic growth slows, inflation remains sticky – data Markets expect 25 bps Fed rate hike next week Higher rates can worsen banking crisis –...
Gold pulls back after brief run to $2,000 on U.S. banking woes
First Republic shares plunge amid scepticism over rescue plan U.S. PCE price index data due this week Swiss gold exports to China rose in March...
Gold retreats to mark weekly loss on hawkish Fed
Dollar set for best week since February Silver snaps five-week winning streak Platinum scales over one-year peak April 21 (Reuters) – Gold prices fell sharply...
Argentina’s economy teeters on the edge of deeper crisis as market anxiety grows
BUENOS AIRES, April 21 (Reuters) – Argentina’s economy will teeter on the edge of a deeper crisis in the run up to October’s presidential vote...
Argentine peso hits record low in black market as economy creaks
BUENOS AIRES, April 20 (Reuters) – Argentina’s peso currency sank in widely used parallel markets on Thursday, hitting a record low against the U.S. dollar...