BEIJING (Reuters) -The jobless rate for 16- to 24-year-olds in China, excluding college students, dropped to a 12-month low of 14.5% in June, data from the National Bureau of Statistics showed on Thursday. The unemployment rate for 25- to 29-year-olds, excluding students, slid to 6.7% from 7.0% a month earlier, while the jobless rate for …
China youth jobless rate drops to 12-month low in June Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japan’s exports fell for a second straight month as sweeping U.S. tariffs took a toll on the country’s manufacturers, with its fragile economy exposed to greater risks from the global trade war in coming months. Japan failed to clinch a deal with the U.S. before the July 9 expiration of …
Japan’s exports drop as US tariffs hit automobiles, pressure set to intensify Read More »
By Leika Kihara (Reuters) -Japan’s Liberal Democratic Party ruling coalition may lose its majority in the upper house in an election on Sunday, which could heighten calls for the government to boost spending and cut tax. Here is a guide on how the election outcome could affect Japan’s fiscal and monetary policy: LOOMING POLITICAL UNCERTAINTY …
Factbox-How could Japan’s election affect economic policy? Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s highest court on Wednesday upheld most of a controversial presidential decree raising the country’s financial operations tax (IOF), handing a revenue-boosting win to President Luiz Inacio Lula da Silva’s government. Judge Alexandre de Moraes ruled that only the proposed tax hike on forfait, advance payments made to suppliers that …
Brazil’s top court backs most of Lula’s tax hike decree after stalemate with Congress Read More »
BOGOTA (Reuters) -Colombia’s government is weighing a tax reform proposal that, if passed, would help raise 26 trillion pesos ($6.48 billion) to fund its 2026 budget, two government sources told Reuters on Wednesday. Most of the funds would be raised through tax increases, the sources said. The proposed amount is higher than the 19 trillion …
Colombia government weighs tax hikes to fund 2026 budget Read More »
By Marcela Ayres BRASILIA (Reuters) -The Brazil Treasury’s outlook for the country’s gross public debt has worsened, with a forecast rise by 10.6 percentage points during President Luiz Inacio Lula da Silva’s current term, 0.6 point higher than its previous estimate in December. In its latest fiscal projections report released on Wednesday, the Treasury forecast …
Brazil’s debt outlook worsens as Treasury projects sharp rise through Lula’s term Read More »
By Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s headline inflation rate fell for the third straight month in June, to 22.22% year-on-year from 22.97% in May, data from its statistics agency showed on Wednesday. Inflation in Africa’s most populous country soared to repeated 28-year peaks last year, spurred by President Bola Tinubu’s moves to end costly subsidies …
Nigeria’s inflation falls for third month in June Read More »
(Corrects revised units figure in May in paragraph 2) (Reuters) -Canadian housing starts posted a surprise increase in June, rising 0.4% from May, data from the national housing agency showed on Wednesday. The seasonally adjusted annualized rate of housing starts rose to 283,734 units from a revised 282,705 units in May, the Canadian Mortgage and …
Canadian housing starts post surprise 0.4% rise in June Read More »
CAIRO (Reuters) -Egypt’s progress on structural reforms under an $8 billion International Monetary Fund loan agreement has been mixed, the fund said, citing the public sector’s continued dominance of the economy as a problem. In its long-delayed staff report for the fourth review of Egypt’s programme, the IMF said there had been limited headway in …
IMF says Egypt makes mixed reform progress, cites state dominance of economy Read More »
JOHANNESBURG (Reuters) -South African retail sales rose 4.2% year on year in May after rising by a revised 5.2% in April, Statistics South Africa figures showed on Wednesday. Seasonally adjusted retail sales increased 0.1% month on month in May. (Reporting by Sfundo Parakozov;Editing by Alexander Winning)
