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Indonesias Plunging Rupiah Twists the Policy Plot

SINGAPOREJAKARTA, April 17 Reuters Indonesia39;s economy was primed for monetary easing later this year, but an unwelcome plunge in its currency is complicating matters for Bank Indonesia and could force it to grudgingly raise rates as early as next week. As Indonesian markets returned from a long Eid alFitr holiday this week, the rupiah sank […]
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USD Steady, JPY Frail on Fed Comments Dash Rate Cut Wagers

SINGAPORE, April 17 Reuters The dollar was broadly steady on Wednesday, keeping the yen rooted near 34year lows after comments from Federal Reserve officials, including Chair Jerome Powell, suggested U.S. interest rates are likely to stay higher for longer. Top U.S. central bank officials including Powell backed away on Tuesday from providing any guidance on when interest rates […]
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America Movil Q1 Results Tumble Against Strong Peso, 2023 Tower Sales

MEXICO CITY, Reuters Mexican telecommunications giant America Movil39;s net profit tumbled 55.2 yearonyear, landing at 13.5 billion pesos 816.7 million, earnings showed on Tuesday, as a stronger peso and lack of extraordinary income diluted firstquarter results. The company, controlled by the family of Mexican billionaire Carlos Slim, reported revenue of 203.3 billion pesos 12.3 billion in […]
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ECB Policymakers Stick with June Rate Cut Plan

PARISFRANKFURT, April 16 Reuters European Central Bank policymakers continued to make the case for an interest rate cut in June on Tuesday as inflation remains on course to ease back to 2 by next year, even if the path for prices still proves bumpy. The ECB held rates at a record high last week but […]
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US Employers must Accommodate Abortions, Birth Control, Agency

April 15 Reuters U.S. employers39; obligation to accommodate workers39; pregnancies also extends to abortions and the use of contraception, the U.S. agency that enforces workplace discrimination laws said on Monday. The U.S. Equal Employment Opportunity Commission EEOC unveiled a rule to implement the Pregnant Workers Fairness Act, a law that Congress passed with bipartisan support and the […]
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Canadas March CPI Ticks Up to 2.9 as Core Inflation Eases

OTTAWA, April 16 Reuters Canada39;s annual inflation rate ticked up to 2.9 in March, as expected, while core inflation measures eased for a third consecutive month, data showed on Tuesday, raising expectations for a midyear rate cut. Analysts polled by Reuters had forecast inflation to accelerate to 2.9 from 2.8 in February. Monthovermonth, the consumer […]
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