Reuters US Economy

By Lisandra Paraguassu and Anthony Boadle BRASILIA (Reuters) -Brazil expects the South American trade bloc Mercosur to speed up more free trade negotiations after clinching a deal with the European Union, as the threat of U.S. tariffs when Donald Trump takes office as president forces countries to diversify their options for exports, diplomats say. Topping …

EU deal and Trump tariff threats bolster Mercosur trade talks Read More »

By Mike Dolan LONDON (Reuters) -The U.S. dollar’s latest surge has forced central banks around the world to lean against it, selling greenback reserves to stabilise local currencies but potentially exaggerating dollar strength into the bargain and sowing problems down the line. If hard cash reserves, typically banked in U.S. debt, are run down sharply, …

Intervention to halt dollar merely gives it legs :Mike Dolan Read More »

ROME (Reuters) -Morale among Italian businesses and consumers moved in opposite directions in December, data showed on Friday, with sentiment among firms recovering from recent lows but consumer confidence slipping for a third month running. The data paints an uncertain picture going into next year for the euro zone’s third largest economy, which has stalled …

Italy business morale picks up in December but consumers more downbeat Read More »

By Jihoon Lee and Yena Park SEOUL (Reuters) -South Korea’s financial authorities said on Friday they would loosen foreign exchange regulations and allow more corporate borrowings abroad, in a bid to defend the won that is trading at a 15-year low with improved liquidity. “Strict regulations restrain the efficiency of foreign exchange management, and there …

South Korea to allow more company borrowings overseas to boost FX liquidity Read More »

BRASILIA/SAO PAULO (Reuters) -Brazil’s lower house and Senate were voting on Thursday evening on a government package of three proposals aimed at cutting spending, although some of the included changes are expected to ultimately scale back their fiscal impact. President Luiz Inacio Lula da Silva’s administration has been racing to pass the package before Congress …

Brazil Congress votes on fiscal package, changes could limit impact Read More »

By Brendan O’Boyle, Anthony Esposito MEXICO CITY (Reuters) -Mexico’s central bank lowered its benchmark interest rate by 25 basis points to 10.00% on Thursday and signaled larger rate cuts could be considered in future meetings given progress on inflation in Latin America’s second-largest economy. The unanimous decision by the Bank of Mexico’s five-member governing board …

Bank of Mexico lowers key interest rate, opens door to larger cuts Read More »

OTTAWA (Reuters) – Canada’s new Finance Minister Dominic LeBlanc said the country’s financial reserves are enough to support businesses and individuals if the United States imposes a major new tariff. U.S. President-elect Donald Trump has vowed to impose a 25% tariff on all imports from Canada and Mexico on his first day in office on …

Canada has fiscal room to tackle impact of US tariff, finance minister says Read More »