A look at the day ahead in U.S. and global markets from Mike Dolan In like a lion, out like a lamb. Farmers’ almanacs suggest a stormy and turbulent start to March means it’s likely to end calm and serene – and so it appears with world financial markets this year. The surge in stock ...

OTTAWA, March 28 (Reuters) – Canada on Tuesday sought to close competitive gaps with United States with a budget aimed at attracting investment in the low-carbon economy, including tax incentives for electric-vehicle (EV) manufacturers and expanding the electricity grid. The 2023-2024 fiscal document, delivered to the House of Commons, also includes a “grocery rebate” for ...

ZURICH, March 26 (Reuters) – Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit Suisse (CSGN.S) managers after Switzerland’s second largest bank had to be rescued last week by UBS (UBSG.S). FINMA President Marlene Amstad told Swiss newspaper NZZ am Sonntag it was “still open” whether new proceedings would ...

ZURICH, March 25 (Reuters) – Credit Suisse (CSGN.S) tapped the Swiss National Bank for “a large multi-billion amount” last weekend to secure its liquidity, the country’s finance minister Karin Keller-Sutter told Swiss broadcaster SRF on Saturday. The troubled Swiss bank had said last week it intended to borrow up to 50 billion Swiss francs from ...

LIMA, March 24 (Reuters) – The Central Reserve Bank of Peru forecast lower economic growth this year due to the impacts of months-long social unrest and torrential rains in March, with the bank’s chief saying he expected “zero percent” growth in the first quarter. A central bank report published on Friday lowered the economic growth ...

ACCRA, March 22 (Reuters) – Ratings agency Fitch on Wednesday upgraded Ghana’s long-term local-currency issuer default rating to ‘CCC’ from ‘restricted default’, after the country started settling payments on outstanding local bonds following a domestic debt restructuring. Ghana defaulted on most of its $29 billion external debt last year, as interest payments and inflation soared, ...

OTTAWA, March 20 (Reuters) – Canada must boost investments in the green transition in this year’s federal budget due out next week, or else it risks losing out on a one-time opportunity to boost jobs and the economy, Finance Minister Chrystia Freeland said on Monday. Canada’s budget will include a “serious investment” in clean technologies, ...

A look at the day ahead in U.S. and global markets from Mike Dolan Another weekend of financial firefighting has doused the whole interest rate horizon as the banking blaze smoulders. Central banks face a battle to separate serial financial rescues from underlying monetary policy. But world markets now bet their interest rate rise campaigns ...

March 17 (Reuters) – The private investment arm of the Inter-American Development Bank’s parent group on Friday announced alongside Colombia’s Banco de Bogota the issue of a sustainability bond worth $230 million funding social and climate projects. Following a presentation at an annual banking meeting in Panama, the private investment arm known as IDB Invest ...

SYDNEY, March 17 (Reuters) – Australia’s Productivity Commission called on the federal government on Friday to improve tax and migration systems, remove import tariffs and secure net-zero carbon emissions at the lowest cost to boost stalling economic productivity. The report titled “Advancing Prosperity” and produced once every five years, made 71 recommendations, while warning that ...