TOKYO (Reuters) -Japanese retail sales rose 2.0% in June from a year earlier, against the median market forecast for a 1.8% rise, government data showed on Thursday.To view full tables, go to the website of the Ministry of Economy, Trade and Industry at: (Reporting by Yoshifumi TakemotoEditing by Chang-Ran Kim)
(Reuters) -The Brazilian trade panel known as Gecex-Camex decided on Wednesday to bring forward a tariff increase schedule for disassembled electric and hybrid vehicles imports, it said in a statement. Fully or partially disassembled vehicles, known as CKDs and SKDs, will be subject to a 35% import tax from January 2027, and no longer …
Brazil brings forward disassembled electric vehicles import tax hike Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank held its benchmark interest rate steady on Wednesday, pausing an aggressive tightening cycle after seven consecutive hikes as widely expected, with U.S. tariffs adding to policymakers’ heightened caution. The bank’s monetary policy committee, known as Copom, kept its benchmark Selic rate at 15.00%, the highest level since …
Brazil pauses rate hikes, signals prolonged hold, eyeing US tariffs Read More »
-Real estate investment trust Invitation Homes reported second-quarter revenue above Wall Street expectations on Wednesday, helped by high occupancy and renewal rates. The largest U.S. landlord for single-family homes has long benefited from a persistent national housing shortage, which has helped keep occupancy rates high and gradually raise rents over time. The company, which leases …
Invitation Homes quarterly revenue beats estimates on high occupancy, strong renewals Read More »
By Twesha Dikshit and Ragini Mathur (Reuters) -European shares closed flat on Wednesday as investors weighed the impact of tariffs on corporate earnings after big companies including Adidas, Porsche and Aston Martin flagged potential U.S. price hikes. Investors were eagerly awaiting the latest round of company outlooks, as these were the first quarterly reports issued …
European shares close flat as investors weigh US tariff impact on earnings Read More »
LISBON (Reuters) -Portugal’s government announced on Wednesday an investment plan worth 4 billion euros ($4.6 billion) to expand and modernise its main ports over the next 10 years, 75% of which will be done by private companies. Infrastructure Minister Miguel Pinto Luz said the investment would be made in six ports, including the port of …
Portugal plans $4.6 billion in port investments by 2035, mostly private Read More »
TORONTO (Reuters) -Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank held its key policy rate steady at 2.75%. MACKLEM ON TARIFFS LEADING TO A LESS EFFICIENT ECONOMY “Unfortunately, the sad reality is that tariffs mean …
Top Bank of Canada officials speak after central bank holds policy rate steady Read More »
(Reuters) -Wells Fargo Investment Institute on Wednesday became the latest Wall Street research house to lift its year-end target for the S&P 500 index, citing tariff delays and strong corporate earnings. The Wells Fargo bank subsidiary sees the benchmark index ending 2025 between 6,300 and 6,500, up from a prior range of 5,900 to 6,100. …
Wells Fargo joins Wall Street chorus in lifting S&P 500’s annual target Read More »
By Medha Singh and Twesha Dikshit (Reuters) -A bumper rally in European stocks appears to be slowing, putting Wall Street in the lead again after a lopsided U.S.-EU trade deal revived concerns about the economic outlook and the health of corporate earnings. After a sharp outperformance by European stocks over Wall Street in March, the …
Tariffs rein in European stocks while Wall Street roars ahead Read More »
By David Lawder (Reuters) -U.S. President Donald Trump threatened Brazil with 50% tariffs this month, venting his anger over the country’s prosecution of his political ally, former President Jair Bolsonaro, but the move may provide ammunition to plaintiffs aiming to bring down the centerpiece of the White House’s tariff agenda. Trade law experts and plaintiffs …
Analysis-Trump’s Brazil trade squeeze gives tariff challengers fresh legal ammunition Read More »
