SAO PAULO (Reuters) -An attempt by Brazil’s Supreme Court to broker a deal between President Luiz Inacio Lula da Silva’s government and Congress over a controversial tax increase ended in a stalemate on Tuesday, with both sides opting to let the court settle the dispute. The hearing focused on the government’s recent decision to raise …
Brazil’s government, Congress fail to reach agreement on IOF tax Read More »
By Fergal Smith TORONTO (Reuters) -The Canadian dollar edged lower against its U.S. counterpart on Tuesday, but the loonie declined less than the other Group of 10 currencies as domestic inflation data reduced expectations for Bank of Canada interest rate cuts. The loonie was trading 0.1% lower at 1.3715 per U.S. dollar, or 72.91 U.S. …
Canadian dollar falls slightly, CPI data crimps rate-cut bets Read More »
LONDON (Reuters) -Bank of England policymaker Catherine Mann said on Tuesday that inflation pressures remained a challenge despite a fall in the pace of pay growth in recent months, and that it was important to use interest rates to bring down price growth. “We have seen wage rates come down, so people are getting wage …
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BANGKOK (Reuters) -Thailand’s finance minister will nominate state-owned bank head Vitai Ratanakorn as the next central bank governor, two government sources and local media said on Tuesday, with the minister to propose his chosen candidate to cabinet next week. Finance Minister Pichai Chunhavajira did not disclose the identity of the candidate and said there was …
TORONTO (Reuters) -Canadian home sales rose 2.8% in June from May and were up 3.5% on an annual basis, data from the Canadian Real Estate Association showed on Tuesday. The industry group’s Home Price Index edged down 0.2% on the month and was down 3.7% annually, while the national average selling price was down 1.3% …
(Reuters) -The Federal Reserve will likely be able to start cutting short-term borrowing costs by September, traders continued to bet on Tuesday, after a government report showed a widely expected increase in consumer prices last month. The market-priced probability of a Fed interest-rate cut by September remained around 60% after the Bureau of Labor Statistics …
Traders stick to bets on September Fed rate cut after inflation report Read More »
RABAT (Reuters) -Morocco’s economic growth is likely to slow down to 4% next year from 4.4% expected this year, the official statistics agency HCP said on Tuesday, citing global trade uncertainties. The forecast was based on assumptions of an average wheat harvest and a drop in foreign demand for Moroccan goods, the statistics agency said …
Morocco’s economic growth to slow to 4% in 2026, statistics agency says Read More »
By Swati Bhat MUMBAI (Reuters) -A slump in India’s retail inflation to six-year lows and a likely drop to a record low in July is prompting calls for at least one more interest rate cut this year, with many analysts saying the sharp disinflation is also a sign of weakening demand. The drop in June …
RIYADH (Reuters) -Inflation in Saudi Arabia accelerated to 2.3% in June compared to the same month last year and was also up slightly from 2.2% in May, government data showed on Tuesday. Inflation has hovered between 2% and 2.3% since the beginning of this year, mainly driven by rises in housing rents. It stood at …
Saudi Arabia’s annual inflation accelerates to 2.3% in June Read More »
SEOUL (Reuters) -South Korea will prepare within this year a roadmap for its stock market to win developed market status from a global index provider, the country’s acting finance minister said on Tuesday. The move is part of market reform pledges by President Lee Jae Myung, who took office last month, to win an upgrade …
South Korea to prepare roadmap for developed market upgrade Read More »
