Reuters US Economy

Bank of Israel holds firm, won’t commit to near-term rate cuts

(Refiles to fix garbled text in paragraphs 5, 9) By Steven Scheer, Charlotte Greenfield and Emily Rose JERUSALEM (Reuters) -The Bank of Israel left short-term interest rates unchanged on Monday and was noncommittal on when it would resume rate cuts despite an easing of inflation and the country’s risk premium following its war with Iran. …

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Brazil to return to global bond market this year, Treasury Secretary says

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) -Brazil plans to return to international debt markets later this year after successful issuances in the first half, Treasury Secretary Rogerio Ceron said in an interview last week, adding that a new sustainable bond is also under consideration. “Brazil has a very favorable risk spread,” Ceron told …

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Egypt’s central bank expected to keep interest rates steady on July 10: Reuters poll

CAIRO (Reuters) -The Central Bank of Egypt is likely to leave its main overnight interest rates unchanged on Thursday, pausing a trend of rate reductions following a stubborn increase in inflation over the last few months, a Reuters poll showed. Median forecasts in the poll of 19 analysts indicated the central bank would leave the …

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Turkish assets slide as political crackdown widens

By Ezgi Erkoyun and Libby George ISTANBUL/LONDON (Reuters) -Turkey’s international bonds and lira currency weakened on Monday, and the cost of insuring government debt against default rose, following weekend detentions of opposition mayors. The detentions, which prosecutors say are part of anti-corruption investigations, are seen by the opposition and some foreign leaders as an effort …

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World bank expects Syria’s GDP to grow 1% in 2025

(Reuters) -The World Bank said on Monday that Syria’s gross domestic product is expected to grow modestly by 1% in 2025, following a contraction of 1.5% in 2024. “The easing of sanctions provides some upside potential; however, progress remains limited as frozen assets and restricted access to international banking continue to hinder energy supply, foreign …

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Take Five: The tariff man cometh

(Reuters) -Investors await U.S. President Donald Trump’s July 9 deadline for trade partners to strike deals on tariffs with a degree of equanimity, but what happens beyond that has the power to stir up more volatility and uncertainty. The data docket for the coming week is light, leaving the focus squarely on tariffs – so …

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Thai headline inflation negative for 3rd straight month in June

BANGKOK (Reuters) -Thailand’s annual inflation rate was negative for a third straight month in June, driven by lower energy and food prices, but the commerce ministry said on Monday there was no sign of deflation yet. The consumer price index dropped 0.25% in June from a year earlier, bigger than the 0.1% decline forecast in a Reuters …

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Japan’s May real wages fall the most in nearly two years

By Kantaro Komiya TOKYO (Reuters) -Japanese real wages in May fell at the fastest pace in nearly two years as persistent inflation continued to outpace wage growth and hinder consumption-led growth in the world’s fourth-largest economy, government data showed on Monday. While a labour group report last week showed unionised Japanese workers had their biggest …

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US Commerce Secretary Lutnick says tariffs take effect on August 1

(Reuters) -U.S. President Donald Trump on Sunday said some trade deals had been made with trading partners and letters would go out to other countries notifying them of higher tariff rates. Commerce Secretary Howard Lutnick told reporters that the higher tariffs would take effect on August 1, but Trump was “setting the rates and the …

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