Citi Sells Banamex Stake to Mexican Businessman for $2.3 Billion
«`html Citi Divests 25% Stake in Banamex to Mexican Entrepreneur for $2.3 Billion Citigroup Inc. has finalized an agreement to…
China Vow to Remove ‘Developing’ Status at WTO Bodes Well for US Trade Talks
I’m Katia Dmitrieva, Asia economics correspondent in Hong Kong. Today we’re looking at China’s change of heart at the WTO.…
Emerging Currencies Dip as Dollar Gains on Mixed Fed Signals
Emerging-market currencies fell across the board on Wednesday in a strong session for the dollar as markets digested mixed signals…
ECB Says Cash Is Key in Crises and Supplies Must Be Guaranteed
Central banks and private lenders must guarantee sufficient access to cash due to its critical importance during times of crisis,…
New RBNZ Chief Breman Seen as Proponent of Easing Policy
In incoming Governor Anna Breman, the Reserve Bank of New Zealand is getting a policymaker that leans toward favoring bolder…
Mexico’s Inflation Quickens Before Banxico’s Rate Meeting
«`html Mexico’s Inflation Rises Ahead of Banxico’s Rate Decision In early September, Mexico experienced a notable increase in annual inflation,…
Czechs to Weigh Koruna Moves for Policy Path After Holding Rates
Czech monetary policymakers signaled koruna moves will be a key factor in weighing another interest-cut or the first hike since…
Canada Population Growth Rate Near Zero on Immigration Curbs
Once a runaway train, Canada’s immigration-driven population growth has come to a grinding halt. Source: Original
Bailey and Greene Show Bank of England Splits Over Rate Cuts
Splits on the Bank of England policymaking committee were on full display on Wednesday after Governor Andrew Bailey said there…
US New-Home Sales Unexpectedly Jump Over 20% in Broad Advance
«`html US New Home Sales Experience Significant Increase, Surpassing 20% in August In a surprising turn of events, new home…