The Federal Reserve has become the center of attention at the White House and on Wall Street for rising interest rates that helped knock stocks off balance this week. Inside the central bank, however, officials see broader forces — including declining unemployment, inflation’s return to normalcy...
Just in case any of the global central bankers and finance ministers gathered in Indonesia missed the message delivered repeatedly this week, the host nation said it again on Friday: Everyone stands to lose if trade wars are allowed to escalate. Indonesian President Joko Widodo didn’t mention the...
The European Central Bank won’t come to Italy’s rescue if its governments or bank sector run out of cash unless the country secures a bailout from the European Union, five senior sources familiar with the ECB’s thinking told Reuters. Italy has seen its borrowing costs surge on financial markets...
https://www.hellenicshippingnews.com/ecb-cannot-come-to-italys-rescue-without-eu-bailout-sources/
Creditor countries must do more to support global demand as interest rates rise, making it more expensive for debtors to pay their dues, European Central Bank policymaker Pablo Hernandez de Cos said. Rising rates in the United States have squeezed debtors in emerging economies from Argentina to...
https://www.hellenicshippingnews.com/ecbs-de-cos-says-creditor-countries-must-support-global-demand/
The number of Americans filing applications for new unemployment benefits rose last week but remain historically low and are consistent with a tight labor market. Initial jobless claims, a proxy for layoffs across the U.S., increased by 7,000 to a seasonally adjusted 214,000 in the week ended Oct....
https://www.hellenicshippingnews.com/us-jobless-claims-edge-higher-last-week/
Rising costs for companies are worrying investors already concerned about a step down in U.S. corporate profit growth next year as Wall Street’s focus turns away from 2018’s tax-fueled earnings boost. Investors are on edge after a recent sharp pullback in U.S. equities, including the biggest daily...
https://www.hellenicshippingnews.com/mounting-costs-add-to-worries-about-2019-u-s-profit-growth/
Italy had to offer significantly higher interest rates to sell its bonds Thursday, a sign of the rising anxiety surrounding Italy’s finances and its leaders’ looming clash with the European Union over its budget plans. The Italian Treasury sold EUR6.5 billion ($7.5 billion) of bonds of different...
https://www.hellenicshippingnews.com/italy-pays-more-to-borrow-as-budget-fight-brews/
World Bank President Jim Yong Kim said on Thursday he is very concerned about the trade tensions between China and the United States and warned of a clear hit to global growth if all countries escalated their tariff threats. Kim made the comments at a news conference during the annual meetings of...
China’s latest attempts at restricting outward investment by its residents show just how nervous policymakers in the world’s second largest economy are about possible capital flight spurred by a broadening Sino-U.S. trade war. Beijing has been gradually easing monetary and fiscal policy this year,...
https://www.hellenicshippingnews.com/china-constricts-capital-outflows-with-eye-on-yuan-stability/
“It’s something that happens every five to seven years” is how JPMorgan Chase & Co. CEO Jamie Dimon once defined a financial crisis to his daughter. Queen Elizabeth II asked “why did nobody notice” the seeds of the last one. Stung by their failure to spot the turmoil of 10 years ago and two decades...
https://www.hellenicshippingnews.com/a-decade-after-lehman-investors-hunt-clues-for-next-crisis/