|The Week That Was: Trump unveils tax plan|
|Fri, 28 Apr 2017 19:39 GMT|
CNBC's Dominic Chu looks back at the week's top business and financial stories.
|FOREX-Euro gains on European inflation data, dollar jumps against yen|
|Fri, 28 Apr 2017 15:28 GMT|
NEW YORK, April 28- The euro rose against the U.S. dollar on Friday after strong euro zone inflation figures, while the dollar jumped against the yen after U.S. wages data suggested the Federal Reserve would still hike interest rates two more times this year. Official flash estimates put euro zone inflation at 1.9 percent in the first quarter, on the verge of...
|MONEY MARKETS-Traders see more U.S. rate hikes despite weak 1st-qtr GDP data|
|Fri, 28 Apr 2017 15:16 GMT|
NEW YORK, April 28- U.S. interest rate futures were steady to marginally lower on Friday as traders saw the Federal Reserve as being on track to raise interest rates further despite news the U.S. economy grew at its weakest pace in three years in the first quarter. Earlier Friday, the Labor Department said its employment cost index, which measures wages and benefits,...
|UPDATE 2-Russian c.bank lowers key rate to 9.25 pct, pledges more cuts|
|Fri, 28 Apr 2017 13:49 GMT|
MOSCOW, April 28- Russia's central bank cut its key interest rate on Friday for the second time this year and hinted at more cuts to come as inflation, already at a post-Soviet low, continues to fall. The rate cutting cycle will contribute to a recovery in the economy, which suffered two years of contraction due to a drop in oil prices and Western sanctions against...
|UPDATE 1-Canada GDP flat in February after January jump|
|Fri, 28 Apr 2017 12:50 GMT|
OTTAWA, April 28- The Canadian economy stalled in February after robust growth in January as gains in service-producing industries were offset by declines in the goods sector, Statistics Canada said on Friday. Gross domestic product was flat, matching the forecast by analysts in a Reuters poll. The Bank of Canada, which cut interest rates twice in 2015 and has...
|Russian c.bank lowers key rate to 9.25 pct, pledges more cuts|
|Fri, 28 Apr 2017 11:34 GMT|
Russia's central bank cut its key interest rate on Friday for the second time this year and hinted at more cuts to come as inflation continues to fall.
|UPDATE 1-Russian c.bank lowers key rate to 9.25 pct, pledges more cuts|
|Fri, 28 Apr 2017 11:07 GMT|
MOSCOW, April 28- Russia's central bank cut its key interest rate on Friday for the second time this year and hinted at more cuts to come as inflation, already at a post-Soviet low, continues to fall. "Given the decision taken and moderately tight monetary policy sustained, the Bank of Russia forecasts that annual consumer price growth will reduce to 4 pct before the...
|Russian minister: Central Bank to make more rate cuts this year|
|Fri, 28 Apr 2017 10:59 GMT|
April 28- Russian Economy Minister Maxim Oreshkin said on Friday he expected the central bank to make more interest rate cuts this year. The central bank lowered its key rate to 9.25 percent from 9.75 percent on Friday. "I expect the continuing softening of monetary and credit conditions in the next months through real interest rates and exchange rates," said...
|BoE's Libor alternative SONIA backed as benchmark by dealers|
|Fri, 28 Apr 2017 07:16 GMT|
LONDON, April 28- Major dealers have backed the broader use of a Bank of England interest rate benchmark as an alternative to Libor, a rate that was tarnished by a rigging scandal. Support for SONIA, the sterling overnight index average, as its preferred "near risk-free" interest rate benchmark in sterling derivatives and other financial contracts, will improve...
|Recession risk on the horizon£|
|Fri, 28 Apr 2017 03:53 GMT|
Luke Spajic, PIMCO, weighs in on where bond yields are headed and potential recession risk.