(Reuters) -New Zealand will make it easier to run businesses in conservation zones and charge foreign tourists to enter some areas in an effort to create jobs and increase economic growth, Prime Minister Christopher Luxon said on Saturday. The decision by the centre-right government, elected in 2023, is part of its efforts to boost New …
New Zealand will make it easier to run businesses in conservation areas Read More »
By Rodrigo Campos NEW YORK (Reuters) -The International Monetary Fund lowered the bar for Argentina’s reserve accumulation targets through 2026 in its $20 billion program and removed a review that was due before the country’s October legislative elections as detailed in a report published Friday. Net international reserves accumulation targets were lowered through 2026, leading …
SAO PAULO (Reuters) -Brazil’s National Monetary Council (CMN), the country’s top economic policy body, approved on Friday fresh rules for the contributions that financial institutions associated with the country’s Credit Guarantee Fund (FGC) must make to the fund. Among the changes, the CMN increased the so-called additional contribution by doubling its multiplier to 0.02%. The …
Brazil tightens credit fund rules to limit bank risk-taking Read More »
(Reuters) -As Donald Trump’s latest round of tariff turmoil ripples through markets and the global economy, U.S. company results continue to trickle in, policymakers in Britain and Mexico decide on rates, and oil exporting countries meet to adjust output quotas. Here’s your weekahead from Bill Schomberg and Karin Strohecker in London, Kevin Buckland in Tokyo …
By Colleen Goko JOHANNESBURG (Reuters) -The South African central bank’s decision to lower its inflation target on Thursday without the sign-off of the finance ministry has raised questions among investors about policymaking cohesion in Africa’s largest economy. South African Reserve Bank Governor Lesetja Kganyago and Finance Minister Enoch Godongwana rarely disagree in public, but they have …
South Africa’s finance minister and central bank governor at odds over inflation target Read More »
By Twesha Dikshit and Johann M Cherian (Reuters) -European stocks logged their biggest one-day drop in over three months on Friday, at the end of a busy week as investors grappled with the repercussions of fresh U.S. levies on dozens of countries, including a 39% tariff on Switzerland. Investors shunned riskier equities globally as Trump …
European shares log biggest daily drop since April after US tariffs hike Read More »
BEIJING (Reuters) -China’s central bank has set up a macroprudential and financial stability committee to help defuse financial risks, it said on Friday, pledging to maintain accommodative policy. In its mid-year work summary, the People’s Bank of China (PBOC) said it will focus on preventing and resolving key financial risks, supporting local government financing platforms …
China’s central bank sets up new financial stability committee Read More »
TORONTO (Reuters) -Canada’s manufacturing sector contracted for a sixth straight month in July as tariffs undercut trade with the United States and spurred firms to reduce inventory as well as staffing levels, data on Friday showed. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) edged up to 46.1 in July from 45.6 in June …
Canada manufacturing PMI shows activity declining for sixth straight month in July Read More »
By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation held steady at the ECB’s 2% target in July, confirming the bank’s benign view on prices and strengthening the case for policymakers to keep interest rates on hold for some time after rapidly cutting borrowing costs. The ECB halved its key rate to 2% in the year to …
Euro zone inflation holds at ECB target, supporting case for steady rates Read More »
By Leika Kihara TOKYO (Reuters) -Profits of Japanese firms are likely to fall this year because of U.S. tariffs, leading them to downgrade capital expenditure plans, the central bank said on Friday, signalling caution over an expected hit to the export-dependent economy. Automakers have swallowed the rising costs from the tariffs instead of passing them …
BOJ warns US tariffs could hit firms’ profits, delay capex plans Read More »
