(Reuters) -Sustaining Sri Lanka’s reform momentum is critical to safeguarding the country’s macroeconomic stability, the International Monetary Fund said on Friday after its staff concluded a visit to the island nation. Supported by a $2.9 billion programme from the global lender, Sri Lanka is gradually recovering from its worst financial crisis in decades, triggered by …
By Leika Kihara TOKYO (Reuters) -Core consumer inflation in Japan’s capital slowed in July but stayed well above the central bank’s 2% target in July, data showed on Friday, adding to renewed market expectations for another interest rate hike this year. The data will be among factors the Bank of Japan will scrutinise at its …
Core inflation in Japan’s capital stays above BOJ target in July Read More »
By Pranoy Krishna BENGALURU (Reuters) -The Reserve Bank of India will hold its key repo rate at 5.50% next month following a surprisingly bigger-than-expected cut in June, but will lower it again by year-end, according to the latest Reuters poll of economists. Subdued inflation has allowed policymakers room to cut rates but with the economy …
RBI to hold rates in August, expected to cut again later this year: Reuters poll Read More »
TOKYO, July 25 (Reuters) – Core consumer prices in Tokyo rose 2.9% in July from a year earlier, government data showed on Friday. The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists’ median estimate for a 3.0% annual rise. (Reporting by Tokyo Newsroom)
By Prakhar Srivastava and Akash Sriram (Reuters) -Pinnacle Financial Partners and Synovus Financial have agreed to merge in an $8.6 billion all-stock deal, forming one of the largest regional banks in the southeastern United States with over $115 billion in combined assets. The agreed exchange ratio values Synovus shares at $61.18 apiece, the companies said …
Pinnacle Financial Partners, Synovus Financial to merge in $8.6 billion deal Read More »
By Oliver Griffin SAO PAULO (Reuters) -Brazil’s biggest conilon coffee cooperative, Cooabriel, is launching a cocoa pilot project in the country’s Bahia state slated for September in collaboration with commodities powerhouse Cargill, it said in an interview this week. Cooabriel hopes the pilot, located in the south of Bahia, will produce around 10,000 60-kilogram bags …
Brazil’s biggest conilon coffee cooperative to launch cocoa pilot project in Bahia state Read More »
By Sneha S K (Reuters) -Contract research organizations are reporting better-than-expected second-quarter profit, a sign that Wall Street analysts say reflects a rebound in biotech and pharmaceutical spending after a cautious stretch driven by tighter sector financing. Danaher, Medpace, IQVIA, ICON and Thermo Fisher have posted strong results owing to steady demand from the industry …
Contract research firms’ strong earnings signal stabilizing biotech, pharma spending Read More »
By Emmanuel Bruce ACCRA (Reuters) -Ghana has narrowed its fiscal deficit target for 2025 after a better-than-expected first six months of the year, its finance minister said on Thursday, pledging to get public finances back on track. The West African country is emerging from its worst economic crisis in a generation, featuring turmoil in its …
Ghana narrows fiscal deficit target after better-than-expected first half Read More »
By Portia Crowe and Libby George DAKAR/LONDON (Reuters) -Senegal is grappling with billions of dollars in debt that was hidden by the previous administration. Prime Minister Ousmane Sonko is expected to present a comprehensive economic recovery plan next week but the issue has also raised questions for the International Monetary Fund, which at the time …
Explainer-Senegal’s billions in hidden debt, and why it is an IMF headache Read More »
By Twesha Dikshit and Ragini Mathur (Reuters) -European stocks closed higher on Thursday after the European Central Bank held interest rates steady as expected, while investors cheered strong earnings from major banks and easing trade tensions with the United States. The pan-European STOXX 600 index finished the session 0.2% higher, having earlier touched a six-week …
European shares close higher after ECB leaves rates unchanged Read More »
