Month: August 2023

Reuters was first to report that the International Monetary Fund and Argentina were planning to combine reviews on two loan agreements – a push that would allow the fund to streamline and bundle disbursements to the cash-strapped economy on its $44 billion loan program. The IMF confirmed the much-anticipated plan, which will unlock about $7.5 billion for South America’s third largest economy as it enters a crucial election with depleted reserves and a drought battered economy that is facing a painful recession.  The post Argentina, IMF staff-level agreement set to combine reviews on $44 billion loan  appeared first on Reuters News Agency.   Source: Reuters News Agency 

Reuters exclusively reported that banks working to develop global standards on accounting for carbon emissions in bond or stock sale underwriting have voted to exclude most of these emissions from their own carbon footprint.  The post Banks vote to limit accounting of emissions in bond and stock sales  appeared first on Reuters News Agency.   Source: Reuters News Agency 

Reuters exclusively reported that China’s currency regulators have asked commercial banks to delay or reduce their dollar purchases as authorities try to contain yuan weakness. The scoop is the latest report on central bank measures in currency markets and prompted an immediate response from authorities, with China’s State Administration of Foreign Exchange (SAFE) issuing a comprehensive statement exclusively to Reuters. The post China asks some banks to reduce or delay dollar buying to ease pressure on yuan appeared first on Reuters News Agency.   Source: Reuters News Agency 

Reuters exclusively reported that The United States and Mongolia will sign an “Open Skies” civil aviation agreement. The post Mongolia, US to sign ‘Open Skies’ deal ahead of talks appeared first on Reuters News Agency.   Source: Reuters News Agency 

Reuters was first to interview the U.S. analyst at Fitch who made the call to cut the U.S. credit rating by one notch. The ratings call was a shock and surprise to markets and investors, coming two months after a debt ceiling crisis was averted. The U.S. credit rating is arguably the most important globally due to widespread use of U.S. Treasuries and the status of the dollar as the world’s reserve currency. Fitch’s move sparked immediate criticism from the White House and bafflement from many. In the high-profile interview, Fitch analyst Richard Francis explained that political polarization in the United States was a contributing factor to the agency’s decision, including the January 6 insurrection – an episode which Fitch highlighted in talks with the Treasury ahead of the downgrade. He went through key moments leading up to the decision including the talks with Treasury. Francis talked about the disintegration of US politics and ability to fix […]