(Reuters) -The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index gained 0.1% in May, matching the rise in April and in line with the consensus estimate in a Reuters poll of economists. In the 12 months through May, PCE inflation increased 2.3% after climbing 2.2% in April. Stripping out the volatile …
(Reuters) -Brazil’s central bank is not currently discussing potential interest rate cuts, director Diogo Guillen said on Friday, reaffirming that policymakers remain focused on bringing inflation back to target over the relevant horizon. “That seems like a very distant debate,” he said at an event hosted by Barclays in Sao Paulo, adding it would be …
Brazil central bank sees rate cut debate as premature, says official Read More »
WASHINGTON (Reuters) -Republicans in the U.S. Senate are working to revise President Donald Trump’s sweeping tax and spending bill after a nonpartisan referee ruled that some elements do not comply with the complex rules they are using to bypass Democrats’ objections. Here are some of the provisions that Senate Parliamentarian Elizabeth McDonough has ruled out …
Factbox-Which parts of Trump’s tax and spending bill are ensnared in the US Senate? Read More »
By Rodrigo Campos (Reuters) -The goal of ending extreme poverty around the globe remains elusive partly due to compounding challenges faced by economies in fragile and conflict-affected situations (FCS) including food insecurity and weak government capacity, a report from the World Bank showed. The report released on Friday by the Washington-based lender calls on a …
World Bank urges aid for economies in conflict as US pushes cuts Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s economy contracted in April on a monthly basis, data showed on Friday, as sectors exposed to tariffs and uncertainty negated a boost from services. Gross domestic product contracted by 0.1% month on month in April, Statistics Canada said, led by a 0.6% decline in goods-producing industries which contribute 25% …
Canada’s GDP contracts in April, likely another decline in May Read More »
BEIJING (Reuters) -China’s central bank said on Friday that it would adjust the pace and intensity of policy implementation in response to domestic and global economic and financial conditions. The world’s No.2 economy has faced pressure this year due to U.S. President Donald Trump’s imposition of tariffs on Chinese products and persistent deflationary pressure at …
China’s central bank pledges to speed up policy response to economic conditions Read More »
(Reuters) -Ratings agencies S&P and Moody’s downgraded Colombia’s debt rating by one notch on Thursday, with both citing weaker fiscal performance. S&P lowered the rating to “BB”, two notches below investment grade, and Moody’s to “Baa3”, its lowest investment-grade rating, with a stable outlook. S&P, however, assigned a negative outlook on Colombia’s rating, indicating the …
S&P, Moody’s cut Colombia’s debt rating over declining fiscal results Read More »
(Reuters) -Energy and industrial products supplier DNOW said on Thursday it would buy MRC Global in an all-stock deal valued at $1.5 billion, including debt. The combined company will operate over 350 service and distribution locations in more than 20 countries, serving customers across the upstream, midstream, downstream, gas utility, and broader industrial sectors. The …
DNOW to acquire MRC Global in $1.5 billion all-stock deal Read More »
By Brendan O’Boyle (Reuters) -The Bank of Mexico lowered its benchmark rate by 50 basis points on Thursday as largely expected, although the decision by the central bank’s five-member governing board was not unanimous. The move brings the rate to 8.0%, the lowest since August 2022. Deputy Governor Jonathan Heath was the sole dissenter, voting …
Bank of Mexico cuts key interest rate to near three-year low Read More »
By Fergal Smith (Reuters) -Canada’s commodity-linked main stock index rose on Thursday to a record high as copper prices jumped and investors grew optimistic that the Federal Reserve would resume its easing campaign. The S&P/TSX composite index ended up 185.63 points, or 0.7%, at 26,751.95, eclipsing Tuesday’s record closing high. Wall Street also rose as the …
TSX notches record high as metal mining shares climb Read More »
