Reuters US Economy

BRASILIA (Reuters) – Brazil’s government on Tuesday eased the total spending curbs previously deemed necessary to comply with fiscal rules, after raising its net revenue forecast by 27.1 billion reais ($4.87 billion) this year, according to its latest revenue and expenditure report. The Finance and Planning ministries fully eliminated the spending freeze announced in May …

Brazil eases 2025 spending curbs needed to comply with fiscal rules Read More »

By Stephen Culp NEW YORK (Reuters) -The Dow gained while the Nasdaq lost ground on Tuesday and crude settled lower as investors assessed a spate of mixed earnings and signs that President Donald Trump’s protracted trade war is hitting corporate profit margins, even as Trump’s dealmaking deadline approached.  The S&P 500 closed with nominal gains …

Wall Street indexes end split amid mixed earnings, crude slides as trade deadline looms Read More »

(Corrects increase to 30% from 23% in first paragraph, previous planned spending to 78.5 billion euros from 91.3 billion euros in paragraph 8, and ratio to 5.2% from 5.35% to 6.65% in paragraph nine) By Padraic Halpin DUBLIN (Reuters) -Ireland will boost exchequer spending on infrastructure over the next five years by 30%, a plan …

Ireland to boost infrastructure spend after $16 billion Apple tax windfall Read More »

By Amanda Cooper LONDON (Reuters) -The pound steadied on Tuesday, consolidating after the previous day’s rally, as investors took stock of data that showed UK government borrowing soared in June, a reminder of the fragility of Britain’s public finances. Sterling, which rose 0.6% on Monday, its biggest one-day gain in a month, was last at …

Sterling holds on to gains, investors mull rise in borrowing Read More »

BEIJING (Reuters) -China has the conditions to keep the yuan stable, the country’s foreign exchange regulator said on Tuesday, even as trade relations with Washington remain uncertain and deflationary pressures continue to weigh on the domestic economy. Li Bin, the deputy head of the State Administration of Foreign Exchange (SAFE), said that the yuan has …

China has conditions to maintain yuan stability, FX regulator says Read More »

By Rahul Trivedi BENGALURU (Reuters) -South Korea’s economy likely returned to growth last quarter, supported by a modest rebound in exports and a gradual recovery in domestic demand, a Reuters poll of economists found. After contracting 0.2% in the January-March period due to sluggish consumption and weak exports, Asia’s fourth-largest economy grew a seasonally adjusted …

South Korea economy likely returned to growth in Q2: Reuters Poll Read More »