News By Region
Wednesday, May 4, 2016 - 13:46 Richmond Fed: Don't Bet On Fed Hikes Widening Bank Margins 0
By Steven K.
Wednesday, May 4, 2016 - 12:46 FULL TEXT: ECB Discontinues Production, Issuance of E500 Note 0
LONDON (MNI) - The following is the full text of a release, published Wednesday by the European Central Bank in Frankfurt, on its decision to discontinue the production and issuance of E500 banknotes
Europa series of euro banknotes will not include the E500
E500 banknote remains legal tender and will always retain its value
Today the Governing Council of the European Central Bank (ECB) concluded a review of the denominational structure of the Europa series. It has decided to permanently stop producing the E500 banknote and to exclude it from the Europa series, taking into account concerns that this banknote could facilitate illicit activities.
Wednesday, May 4, 2016 - 12:33 US ISM Rpt Shows Little Overseas Drag for US Services Economy 0
--April Non-Manufacturing ISM 55.7, Above Expectations
WASHINGTON (MNI) - The U.S. economy apart from manufacturing is "humming along," the Institute for Supply Management survey chief said Wednesday, with no obvious signs domestic business activity is feeling much pain from the slowness overseas.
The ISM non-manufacturing index was 55.7 for April, above the 54.8 median expectation in an MNI survey although still below the 12-month average, elevated because of the strong third quarter of last year.
"When you look at new orders, at 59.9, this bodes well for what might be in the pipeline," ISM survey chief Tony Nieves told reporters.
Wednesday, May 4, 2016 - 10:58 US Crude Stocks Rise 2.8 Mln Barrels Despite Expected Drop 0
--Gasoline Stocks Up 0.5 Mln bbls, Distillates Down 1.3
WASHINGTON (MNI) - Commercial stockpiles of U.S. crude oil rose further than anticipated in the April 29 week, according to the Energy Information Agency report released Wednesday.
Crude stocks excluding the strategic petroleum reserve surged by 2.8 million barrels the past week, though the American Petroleum Institute estimate, which establishes expectations for the weekly government report, anticipated a 1.3 million barrel rise.
Shortly after the EIA release, crude prices remained positive with U.S. domestic up 1.47% to $44.28 per barrel and Brent up 0.93% to $45.39 a barrel....
Wednesday, May 4, 2016 - 10:57 NY Fed's Potter:Don't Know If Keep FFR Control At Higher Rates 0
--So Far Fed Tools Working To Keep FFR In Target Range
By Steven K.
Wednesday, May 4, 2016 - 10:48 BOC State of Play: Less Favorable Export Profile Materializing 0
By Yali N'Diaye
OTTAWA (MNI) - The Bank of Canada had warned about a U.S.