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BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday his country aims to triple trade flows with India from $12 billion last year “in the short term,” without giving a more specific time frame. Speaking alongside Indian Prime Minister Narendra Modi after a state visit in Brasilia, Lula also said Brazilian planemaker …

Brazil aims to triple trade flows with India, Lula says Read More »

LONDON (Reuters) -Physically backed gold exchange-traded funds recorded their largest semi-annual inflow since the first half of 2020 from January to June, data from the World Gold Council showed on Tuesday. A trade war sparked by U.S. President Donald Trump’s tariff policy prompted investors to seek shelter from political and economic volatility in gold ETFs, …

Gold ETFs drew largest inflow in five years during first half of 2025, WGC says Read More »

SAO PAULO (Reuters) -Retail sales volumes in Brazil fell unexpectedly in May from the previous month, data from statistics agency IBGE showed on Tuesday, corroborating views of an economic slowdown after industrial production also slipped in the period. Sales in Latin America’s largest economy were down 0.2% in May from April, IBGE said, following a …

Brazil’s retail sales miss forecasts, fall for second straight month Read More »

TORONTO (Reuters) -Canadian economic activity expanded in June at the fastest pace in four months and price increases accelerated, Ivey Purchasing Managers Index (PMI) data showed on Tuesday. The seasonally adjusted index rose to 53.3 last month from 48.9 in May, posting its highest level since February. A reading above 50 indicates an increase in …

Canada’s Ivey PMI rises to four-month high in June Read More »

(Reuters) -Chile’s consumer prices posted in June their first monthly drop this year and the steepest since late 2023, data from statistics agency INE showed on Tuesday, fueling expectations that the central bank may resume monetary easing later this month. Prices in the world’s largest copper producer fell 0.4% in June from the previous month, …

Chile posts steepest monthly price drop since 2023 ahead of rate decision Read More »

SYDNEY (Reuters) -Australian business activity rebounded sharply in June as firms reported rising sales and profitability, a survey showed on Tuesday, offering hope demand was finally benefiting from lower borrowing costs and cooling inflation. National Australia Bank’s survey showed its index of business conditions climbed to +9 in June, from zero in May, topping the …

Australian business activity rebounds in June, survey finds Read More »

By Rahul Trivedi BENGALURU (Reuters) -The Bank of Korea will pause its easing cycle on Thursday but is expected to resume interest rate cuts next month to support economic growth in a country burdened by high household debt, a Reuters poll of economists suggested. Government data showed home-backed mortgage loans rose by 5.6 trillion won …

Bank of Korea to pause easing in July amid household debt surge: Reuters poll Read More »

By Promit Mukherjee (Reuters) -Canada’s finance minister has asked all ministries to find savings, assess spending on programs, cut down on work duplication and look to reallocate funds from other programs to priority projects, a government official said on Monday. Citing two letters sent by Finance Minister Francois-Philippe Champagne, along with the President of the …

Canadian government seeks billions of dollars of savings over next three years Read More »

(Reuters) -Credit ratings agency Moody’s affirmed Israel’s long-term local and foreign-currency ratings at “Baa1” on Monday and said the direct military conflict with Iran would further strain public finances. The rating reflects Israel’s weakened fiscal position driven by elevated geopolitical risks since October 2023. Moody’s expects debt-to-GDP ratio to peak at around 75% over the …

Moody’s affirms Israel’s ‘Baa1’ rating, warns Iran conflict to deepen fiscal strain Read More »