By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors will be keeping a close eye on tariff headlines out of Washington next week, as a temporary suspension of punitive import levies is set to expire. If that Wednesday deadline passes without an increase in trade tensions, it could prove positive for the markets. Negotiators from more …
Investors eye tariff deadline as US stocks rally Read More »
SAO PAULO/BRASILIA (Reuters) -Brazil’s trade surplus in June missed analysts’ expectations, government data showed on Friday, as imports kept their recent growth path and the government cut its own yearly surplus outlook. Latin America’s largest economy’s monthly surplus declined near 7% from a year earlier to $5.89 billion, according to the Ministry of Development, Industry …
Brazil posts lower-than-expected trade surplus in June Read More »
By Ricardo Brito BRASILIA (Reuters) -Brazilian Supreme Court Justice Alexandre de Moraes called a mediation hearing between the government and Congress on July 15 to address a dispute over a tax hike, according to a court decision seen by Reuters on Friday. Moraes temporarily suspended both a presidential decree raising the IOF tax levied on …
Brazil’s top court to mediate talks with government, Congress over tax hike row Read More »
SAO PAULO (Reuters) -Brazil’s producer price index (PPI) fell 1.29% in May, reaching the lowest level since 2023, statistics agency IBGE said on Friday. Producer prices in May contracted from a 0.12% drop in the previous month, IBGE said in a statement, marking the sharpest fall this year and the biggest decline since a 2.72% …
Producer prices in Brazil fall to the lowest in almost two years Read More »
SEOUL (Reuters) -South Korea’s parliament approved a supplementary budget on Friday of 31.8 trillion won ($23.3 billion), supporting President Lee Jae Myung’s push to bolster an economy grappling with trade headwinds and tepid consumption. The spending plan that parliament approved is larger than 30.5 trillion won proposed by the government. The government will hold a …
South Korea parliament approves 31.8 trillion won extra budget to bolster economy Read More »
By Fergal Smith TORONTO (Reuters) -Canada’s services economy contracted at a steeper pace in June as uncertainty generated by U.S. trade policy depressed activity and cost pressures increased, S&P Global’s Canada services PMI data showed on Friday. The headline Business Activity Index fell to 44.3 last month from 45.6 in May, marking the seventh straight …
Canada’s services PMI declines in June as trade policy uncertainty clips activity Read More »
By Andy Bruce MANCHESTER, England (Reuters) -The downturn in Britain’s construction industry abated slightly in June as homebuilding returned to growth, but commercial building activity tumbled thanks to mounting worries about the economy, a survey showed on Friday. The S&P Global UK Construction Purchasing Managers’ Index rose to 48.8 from 47.9 in May, a six-month …
UK construction downturn eases as house-building improves, commercial work tanks Read More »
SEOUL (Reuters) -South Korea has introduced new measures to boost currency trading during extended market hours, after a year of market reforms to open up the onshore foreign exchange market, its finance ministry said on Friday. The Asian nation has for years been trying to win an upgrade to developed market status from global index …
South Korea launches new measures to boost won-trading during extended hours Read More »
SYDNEY (Reuters) -Australian household spending rebounded in May after three months of weakness, as consumers snapped up clothes and cars in a sign lower borrowing costs and rising real incomes might finally being felt. The Australian Bureau of Statistics’ monthly household spending indicator (MHSI) showed a seasonally adjusted rise of 0.9% in May, when analysts …
Australia household spending rebounds in May, after fallow stretch Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday. The trade deficit in May met expectations at C$5.9 billion ($4.34 billion), down from …
Canada’s trade deficit narrows in May, US exports drop to lowest since pandemic Read More »
