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NEW YORK (Reuters) - Suriname said on Wednesday it will ask its creditors for an extension of the payment deferral on its 2023 and 2026 notes, according to a government statement.
An agreement reached with creditors last year gave the country until March 24 to secure a staff level agreement with the International Monetary Fund to buy it extra time to make its payments.
“There is a probability that the staff-level agreement will not be reached prior to March 24, 2021, in which case the Republic will work towards reaching a staff-level agreement in the following weeks,” the government said.
The government statement did not specify how long this deferral solicitation would be, or its terms.
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NEW YORK, March 17 (Reuters) - The eurodollar and Fed funds markets, which track short-term interest rate expectations, on Wednesday reduced bets on the time frame of a potential tightening by the U.S. Federal Reserve after it dampened expectations of an early move.
Trading has been choppy after the Fed statement and Fed Chairman Jerome Powell’s news briefing, with futures pricing changing frequently, therefore shifting rate hike bets as well.
In the more liquid eurodollar futures market, traders have priced in a 90% chance of a Fed hike by March 2023 after the Fed statement, pushing back from December 2022.
But survey does not reflect AstraZeneca vaccine suspension Economists say any new restrictions would delay recovery (Adds economist comment, background)
BERLIN, March 16 (Reuters) - Investor sentiment in Germany increased by more than expected in March, the ZEW economic research institute said on Tuesday, buoying the outlook for a broad-based recovery in Europe’s largest economy.
The ZEW said its survey of investors’ economic sentiment rose to 76.6 points from 71.2 the previous month. A Reuters poll had forecast a rise to 74.0.
ZEW polled 189 analysts in the period March 8–15 for its survey. On March 15, Monday, Germany said it had suspended use of AstraZeneca’s COVID-19 vaccine.
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BUENOS AIRES (Reuters) - Argentina’s President Alberto Fernandez said on Monday that he did not want to rush into a new deal with the International Monetary Fund (IMF), amid broader concerns that a previously set May date to reach an agreement will be missed.
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Fernandez, addressing the country’s Congress, said that Argentina would also launch judicial action to investigate the former administration’s agreement with the Fund, which he has previously criticized for exacerbating debt levels.
“We will continue our negotiations with full focus and with the firmness we have always shown, we do not want to rush,” Fernandez said, adding that the government’s focus was to revive economic growth hit hard by the coronavirus pandemic.
By Reuters Staff
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(Reuters) - The leader of the Texas House of Representatives on Tuesday signaled he would not support requiring the state’s grid operator to cut billions of dollars from electricity pricing during a cold snap that upended the state’s power market.
FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura
On Monday, the state Senate approved a proposal to order the state Public Utility Commission (PUC) to reduce electricity costs on power marketers during a February deep freeze. The proposal would reduce charges by about $5.1 billion including $900 million in fee cuts already approved by the PUC.