By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank on Thursday said it was confident in its strategy to hold interest rates steady even as its updated projections showed it would not meet its 3% inflation target through 2027. Speaking at a press conference, Governor Gabriel Galipolo said the bank remains fully committed to the inflation …
BRASILIA (Reuters) -Brazil’s central government posted a smaller-than-expected primary deficit in May, Treasury data showed on Thursday, supported by strong revenue and a decline in expenditures. The primary deficit totaled 40.6 billion reais ($7.4 billion) for the month, below the 41.1 billion reais shortfall forecast by economists polled by Reuters and well under the 60.4 …
By Rodrigo Campos and Marc Jones (Reuters) -Emerging markets are enjoying a “Goldilocks” moment, heavyweight bond fund PIMCO told Reuters, as U.S. President Donald Trump’s erratic policy moves push the dollar down and send investors away from U.S. assets. “This is the most prominent capital rotation we have seen for the best part of two …
Bond giant PIMCO sees emerging markets in ‘Goldilocks’ moment Read More »
RIYADH (Reuters) -The International Monetary Fund on Thursday raised its 2025 GDP growth forecast for Saudi Arabia to 3.5% from 3%, partly on the back of demand for government-led projects, and supported by the OPEC+ group’s plan to phase out oil production cuts. Lower oil prices have weighed on Saudi Arabia’s revenue, with the kingdom …
IMF raises forecast for Saudi GDP growth to 3.5% in 2025 Read More »
By Indradip Ghosh and Mumal Rathore BENGALURU (Reuters) -Canada home prices are set to decline 2% this year and stagnate in 2026, a significant downgrade from expectations of modest rises just three months ago, according to a Reuters poll of property experts who showed significant concern over the U.S.-led trade war. Like most segments of …
Canada home prices to decline 2% as trade war hits homebuyer confidence Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank projected on Thursday that inflation will hover near the official goal by the end of 2027, as it trimmed its estimates for this year and next in its quarterly monetary policy report. After projecting earlier this month annual inflation at 3.6% for 2026, the relevant horizon for …
Brazil’s central bank sees inflation near target by end-2027 Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The U.S. dollar is on course for its worst first half year since 1973, as it plummeted again on Thursday amid rising expectations for Federal Reserve easing and statements from President Donald Trump about …
Morning Bid: Dollar plunges as Trump pummels Powell Read More »
(Reuters) -Brookfield Asset Management will sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion ($2.5 billion), the Canadian company said on Thursday. Aveo owns a portfolio of more than 10,000 units located across Queensland, Victoria, New South Wales and Tasmania. Since acquiring Aveo in 2019 for an equity value of …
Brookfield to sell Australian senior housing platform Aveo for $2.5 billion Read More »
BEIJING (Reuters) -Chinese premier Li Qiang said on Thursday reforms and a shift to a consumption-led model in the world’s No. 2 economy will help it continue to be the world’s biggest driver of economic growth. Beijing’s second-ranking official said policy support rolled out since late last year was helping lift domestic demand and that …
China’s consumption push will support global growth, Premier Li says Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday extended the department’s authority to continue extraordinary cash management measures to keep from breaching the federal debt ceiling by nearly a month, until July 24. Bessent said in a letter to congressional leaders that he had determined that the “debt issuance suspension period” …
US Treasury’s Bessent extends measures to avoid debt ceiling breach Read More »
