U.S. companies repatriate over half a trillion dollars in 2018, but pace slows

 U.S. companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street. Dollar repatriation in the July-September period fell to $93 billion, around half of second-quarter volumes […]

Williams says Fed policy views could change, listening to markets

The Federal Reserve is open to reassessing its views and listening to market signals that the U.S. economy could fall short of expectations, but for now further rate hikes appear appropriate and it is not yet ready to reconsider its portfolio-trimming plan, an influential policymaker said on Friday. The Fed is “ready to re-assess and […]

Argentina’s central bank chief, Caputo, resigns amid currency crisis


The governor of Argentina’s central bank, Luis Caputo resigned on Tuesday for personal reasons, the bank said in a statement, a surprise announcement in the midst of the country’s talks with the IMF that sent the peso tumbling. Former finance minister Caputo has only held the role since June and is the second Argentine central […]