Nick Macfie

London

Journalist at Reuters

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Articles

MORNING BID AMERICAS-Agitated markets wary of June heat

May 30, 2024 | ca.marketscreener.com | Nick Macfie

A look at the day ahead in U.S. and global markets from MikeDolanThis week's bout of bond market anxiety eased a touch onThursday, but investors wary of heavy sovereign debt sales andelection uncertainty are bracing for a jumpy June. And the dollar is lapping it all up. At the root of the week's angst has been more evidence ofstill-brisk U.S. economic growth and sticky worldwide inflationthat questions the degree of interest rate cuts ahead that havebeen long-assumed by markets.
Taiwan Raises 2024 GDP Forecast on Strong AI-Related Exports, Home Consumption

May 29, 2024 | gurutrade.com | Gareth Jones |Nick Macfie

Revises 2024 GDP growth higher on AI, consumption at home Raises 2024 exports outlook to 10.06% Central Bank likely to hold rates steady in June - analyst TAIPEI, May 30 (Reuters) - Taiwan's trade-reliant economy is expected to grow at a faster pace in 2024 than previously forecast, owing to high demand for artificial intelligence (AI) applications abroad and solid consumption at home, the statistics office said on Thursday.
MORNING BID AMERICAS-Agitated markets wary of June heat

May 29, 2024 | marketscreener.com | Nick Macfie

A look at the day ahead in U.S. and global markets from MikeDolanThis week's bout of bond market anxiety eased a touch onThursday, but investors wary of heavy sovereign debt sales andelection uncertainty are bracing for a jumpy June. And the dollar is lapping it all up. At the root of the week's angst has been more evidence ofstill-brisk U.S. economic growth and sticky worldwide inflationthat questions the degree of interest rate cuts ahead that havebeen long-assumed by markets.
Germany Should Consider Easing Debt Brake, says IMF

May 28, 2024 | gurutrade.com | Maria Martinez |Maria Martínez |María Martínez |Nick Macfie

BERLIN, May 28 (Reuters) - Germany faces rising spending pressures and the government should consider easing the debt brake, the International Monetary Fund said on Tuesday, but finance ministry sources said such a move carried the risk of fuelling inflation. Altering the rules of the debt brake, which limits public deficits to 0.35% of gross domestic product, would require a two-thirds majority in the upper and lower houses of parliament.
MORNING BID AMERICAS-Fed fears overwhelm AI theme, gold recoils

May 23, 2024 | marketscreener.com | Nick Macfie

A look at the day ahead in U.S. and global markets from MikeDolanAnd then there was one. In an extraordinary turnabout in just five months, financialmarkets now fully price just one quarter-point interest rate cutfrom the Federal Reserve this year - compared to the six builtinto futures prices at the start of 2024.
US arrests two Chinese nationals in $73 million crypto scam

May 17, 2024 | today.westlaw.com | Nick Macfie |Brendan O'Boyle

(Reuters) - U.S. authorities charged two Chinese nationals in a cryptocurrency scam that laundered at least $73 million from defrauded victims, the Justice Department said on Friday. U.S. officials arrested Yicheng Zhang in Los Angeles on Thursday,...
Turkey Unveils Package to Rein in Spending, Boost Efficiency

May 12, 2024 | gurutrade.com | Nevzat Devranoglu |Ezgi Erkoyun |Daren Butler |Nick Macfie

Package comes as part of return to greater economic orthodoxy Government aiming to slash near-70% annual inflation New public sector vehicle, building purchases paused Only essential new state investment projects to go ahead ANKARA, May 13 (Reuters) - Turkey will rein in public spending and boost efficiency under a savings plan announced on Monday, launching only essential state investment projects in a fresh move to build confidence in an economic tightening programme.
Italy curbs installation of solar panels on agricultural land

May 5, 2024 | today.westlaw.com | Francesca Landini |Angelo Amante |Nick Macfie |Giuseppe Fonte

ROME (Reuters) -Italy's rightwing coalition on Monday passed rules curbing the installation of solar panels on agricultural land, ministers said, in a move that triggered criticism as it could undermine Rome's decarbonisation goals.
US, Mexico to clamp down on illegal immigration, leaders say

Apr 28, 2024 | today.westlaw.com | Ted Hesson |Nick Macfie |Kylie Madry

WASHINGTON/MEXICO CITY (Reuters) -The United States and Mexico plan to clamp down on illegal immigration at their shared border, leaders from both countries said on Monday, vowing to disrupt irregular crossings that have reached record levels in...
France to send old armoured vehicles, new missiles to Ukraine

Mar 30, 2024 | yournews.com | Geert De Clercq |Nick Macfie

PARIS, March 31 (Reuters) – France will deliver hundreds of old armoured vehicles and new surface-to-air missiles to Ukraine in its war against Russia, French Defence Minister Sebastien Lecornu said on Sunday. In an interview with La Tribune Dimanche, Lecornu said that President Emmanuel Macron, following talks with Ukrainian President Volodymyr Zelenskiy, had asked him to prepare a new aid package, which will include old but still functional French equipment.