emerging-market

China’s slowing wholesale deflation takes pressure off central bank

By Elias Glenn and Yawen Chen BEIJING (Reuters) – China's factory price deflation moderated further in July, with prices falling at their slowest pace in two years, taking pressure off the central bank to cut rates as policymakers turn their focus to structural reforms and ballooning credit. A government-led building spree has increased demand for construction materials, but higher prices are also due in part to speculation in China's commodities futures market, which has pushed up Shanghai rebar futures up by 50 percent this year. …

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China’s slowing wholesale deflation takes pressure off central bank

emerging-market

Asia shares up as yield hunt drives record flows, pound slips

Asian shares stood atop one-year peaks on Tuesday as a global search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK. Analysts at Bank of America…

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Asia shares up as yield hunt drives record flows, pound slips

emerging-market

ECB rate meeting, Chinese data in focus

By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank is almost certain to ease policy next week as depressed commodity prices raise the risk of deflation, while a string of data from China will offer clues about the extent of the recent emerging market slowdown. Growth in most key economies has slowed this year as states such as China to Brazil attempt to rebalance, weighing on global demand and sending deflationary waves around the…

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ECB rate meeting, Chinese data in focus

emerging-market

Fed’s Yellen argues for interest rate caution in exchange with Nader

In a letter to Nader, the Fed chair repeated recent statements that the central bank should only gradually raise interest rates. “An overly aggressive increase in rates … would at undercut the economic expansion, necessitating a lasting return to low interest rates,” Yellen said in the letter. Nader published an open letter to Yellen on Oct. 30 that asked her to consider the “humble savers” with money in banks and money market accounts who were “frustrated by the Fed's low rates and melodramatic debate about when to

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Fed’s Yellen argues for interest rate caution in exchange with Nader

emerging-market

Tight inventories, rising prices hurt U.S. home sales

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales fell in October as a persistent shortage of properties limited choice for potential buyers and pushed up prices, suggesting some softening in the pace of the…

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Tight inventories, rising prices hurt U.S. home sales

emerging-market

NY attorney general probing foreign exchange options market

By David Ingram and John McCrank (Reuters) – New York Attorney General Eric Schneiderman's office is investigating the posting of false bids and offers in the foreign exchange options market for emerging market currencies, a

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NY attorney general probing foreign exchange options market