MTPIX

Visa revenue growth slows more as tough economy sobers spending

Jan 26 (Reuters) – Visa Inc’s (VN) revenue growth continued to wind back to pre-pandemic levels in the first quarter as the post-lockdown travel craze ebbed and consumer spending slowed in a tough economy. The world’s largest payments processor still surpassed Wall Street targets for profit, sending its shares up 1.4% to $227.82 in after-hours …

Visa revenue growth slows more as tough economy sobers spending Read More »

US inflation roller coaster prompts fresh look at long-ignored money supply

NEW YORK, Jan 26 (Reuters) – The amount of money sloshing around the US economy shrank last year for the first time on record, a development that some economists believe bolsters the case for US inflation pressures continuing to abate. The Federal Reserve’s main measure of the nation’s money stock – known as M2 money …

US inflation roller coaster prompts fresh look at long-ignored money supply Read More »

Strong US economic growth expected in fourth quarter, outlook darkening

Fourth-quarter GDP forecast to increase at a 2.6% rate Strong consumer spending seen; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON, Jan 26 (Reuters) – The US economy likely maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed …

Strong US economic growth expected in fourth quarter, outlook darkening Read More »

Japan finmin warns of severe finances as BOJ struggles to contain yields

Japan’s finances intensified severity to unprecedented point Rounds of extra budget, stimulus measures aggravate finances Public finance is the cornerstone of a country’s trust -Finmin Economic revival comes first before fiscal reform in long run Parliament debate begins, all eyes on new BOJ governor nominee TOKYO, Jan 23 (Reuters) – Japan’s finances are becoming increasingly …

Japan finmin warns of severe finances as BOJ struggles to contain yields Read More »

Bank of Japan’s policy tweak drew rare request from government for a break

TOKYO, Jan 23 (Reuters) – Government officials who attended the Bank of Japan’s December policy meeting were given a half-hour adjournment to contact their ministries, minutes showed, underscoring the significance of the central bank’s decision to tweak its bond-market peg. At the Dec. 19-20 meeting, the BOJ kept its ultra-easy monetary policy but shocked markets …

Bank of Japan’s policy tweak drew rare request from government for a break Read More »

Brazil declares emergency over deaths of Yanomami children from malnutrition

BRASILIA, Jan 22 (Reuters) – Brazil’s ministry of health has declared a medical emergency in the Yanomami territory, the country’s largest indigenous reservation bordering Venezuela, following reports of children dying of malnutrition and other diseases caused by illegal gold mining. A decree published on Friday by the incoming government of President Luiz Inacio Lula da …

Brazil declares emergency over deaths of Yanomami children from malnutrition Read More »

Canada’s energy jobs transition bill sparks discord in oil heartland

Jan 22 (Reuters) – In Canada’s western oil patch, controversy is raging over federal government legislation intended to help the fossil fuel labor force transition to a greener economy, but union and community leaders are warning politicization of the Just Transition bill obscures the needs of workers. Prime Minister Justin Trudeau’s Liberal government is expected …

Canada’s energy jobs transition bill sparks discord in oil heartland Read More »

Yellen says setting price caps on Russian refined oil products ‘complicated’

DAKAR, Jan 21 (Reuters) – Western countries are working to structure price caps on Russian refined petroleum products to ensure continued flow of Russian diesel, but the markets are complicated and there is a chance things do not go to plan, Treasury Secretary Janet Yellen said. Group of Seven countries and Australia implemented a price …

Yellen says setting price caps on Russian refined oil products ‘complicated’ Read More »