Reuters US Economy

Chinese media hail consumption boost even as caution spurs rentals, not buying

23 Dec 2024

BEIJING (Reuters) – China’s domestic demand is gathering pace as cautious consumers increasingly choose to rent items from cameras to handbags rather than buying them, the official People’s Daily said, though government data tell a different story. The rise of the “rent, not buy” model has injected new impetus into the world’s second-largest economy, the …

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UK business morale falls to 2024 low but pay growth strong, surveys show

23 Dec 2024

LONDON (Reuters) – British business confidence fell to its lowest level of 2024 in December but employers were a bit more optimistic about the wider economy, according to a survey published on Monday, while separate data showed a pre-Christmas rise in hiring and pay. The Lloyds Bank Business Barometer measure of confidence among companies fell …

UK business morale falls to 2024 low but pay growth strong, surveys show Read More »

Stocks rally after inflation data but close lower for the week

21 Dec 2024

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks rallied to close out the trading week on Friday after two lackluster sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased worries about the path of interest rates. The latest inflation report in the form of the Personal Consumption Expenditure (PCE) index showed …

Stocks rally after inflation data but close lower for the week Read More »

Argentina economic activity down 0.7% in October, beating expectations

20 Dec 2024

BUENOS AIRES (Reuters) – Argentina’s economic activity fell 0.7% in October compared with the same month a year earlier, the fifth consecutive month the economy has contracted in year-on-year terms, the official statistics agency said on Friday. Analysts had forecast a 2.2% contraction. The grains-rich country’s economic activity increased 0.6% versus a month earlier, after …

Argentina economic activity down 0.7% in October, beating expectations Read More »

Brazil’s Congress passes fiscal package, government plays down changes to the measures

20 Dec 2024

SAO PAULO (Reuters) – Brazil’s Congress approved a government-proposed fiscal package on Friday that includes measures to contain spending aimed at putting the country’s finances on a more sustainable path. The Senate passed the final of three bills contained in the package, capping minimum wage increases and tightening eligibility criteria for social benefits for the …

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Activist investor Browning West builds over 4% stake in flight simulator firm CAE

20 Dec 2024

(Reuters) – Activist investor Browning West said on Friday it has built a 4.3% stake in CAE, pushing to have a say in hiring the flight simulator maker’s new top boss. CAE had said in November its current CEO Marc Parent would leave the Canadian firm after 15 years. “We urge the Board not to …

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Canada October retail sales up 0.6%, likely flat in November

20 Dec 2024

By Promit Mukherjee OTTAWA (Reuters) -Canada’s retail sales in October were marginally lower than expected as a jump in new car sales offset consumers’ reduced purchases at supermarkets, grocery stores and wine shops, data showed on Friday. Retail sales, which comprise motor vehicles, clothing, furniture, food and beverages and others, grew by 0.6% in October, …

Canada October retail sales up 0.6%, likely flat in November Read More »

Copper giant Peru foresees another production plateau in 2025

20 Dec 2024

By Marco Aquino LIMA (Reuters) -Peruvian copper production is expected to remain flat in 2025 for the third straight year, according to the country’s top mining association and industry analysts, as declining ore grades and a lack of new projects cap output. The South American country is a global copper powerhouse, ranking third in production …

Copper giant Peru foresees another production plateau in 2025 Read More »

Canada November wholesale trade most likely down 0.7% – Statscan flash estimate

20 Dec 2024

Dec 20 (Reuters) – Canadian wholesale trade most likely fell 0.7% in November from October, largely driven by lower sales in the motor vehicle and motor vehicle parts and accessories, and the building material and supplies subsectors, Statistics Canada said in a flash estimate on Friday. The estimate was calculated based on a weighted response …

Canada November wholesale trade most likely down 0.7% – Statscan flash estimate Read More »

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