By Marcela Ayres BRASILIA (Reuters) -Both chambers of Brazil’s Congress on Wednesday overturned a decree from President Luiz Inacio Lula da Silva raising the financial transactions tax (IOF) on certain credit, foreign-exchange and private pension plan operations. The move marks a setback for Lula’s government, which had opted for the tax hike as a way …
Brazil Congress nixes Lula’s financial transactions tax hike Read More »
By Chibuike Oguh NEW YORK (Reuters) -Global shares hovered near record highs on Wednesday as Middle East tensions eased, with markets focused on U.S. inflation and prospects of an interest rate cut. Crude prices rose after snapping three straight sessions of losses. The benchmark S&P 500 index finished unchanged and near a record high reached …
Shares hover near record highs, crude prices gain Read More »
By Davide Barbuscia NEW YORK (Reuters) -U.S. trade policies will likely slow down global economic growth and rekindle inflation in the United States, where there is a 40% probability of a recession in the second half of this year, JPMorgan analysts said on Wednesday. U.S. economic growth is expected at 1.3% this year, down from …
JPMorgan sees tariff-induced US ‘stagflationary’ slowdown in 2025 Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s central bank left its key interest rate unchanged on Wednesday, as expected, saying it was saving some policy ammunition if needed to support an economy expected to slow amid trade uncertainty and renewed domestic political turmoil. The central bank said growth was stronger than expected in …
Thailand holds rates, but more easing expected amid tariff risks, political tensions Read More »
(Corrects day to Tuesday, not Wednesday in first paragraph) BEIJING (Reuters) -China on Tuesday released guidelines aimed at using financial tools to boost consumption, with pledges to support employment and raise household incomes as part of broader efforts to bolster the economy. The guidelines, drafted jointly by six government departments and released by the central …
China issues guidelines on financial support for boosting consumption Read More »
By Stella Qiu SYDNEY (Reuters) -Australian consumer price inflation slowed more than expected in May, while the closely watched core measure hit three-and-a-half-year lows as investors locked in bets for an imminent rate cut. Swaps now imply a 92% probability that the Reserve Bank of Australia would cut rates by a quarter-point when it delivers …
Australia’s core inflation hits 3-1/2-year low, greenlighting July rate cut Read More »
By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers called for keeping interest rates steady for the time being due to uncertainty over the impact of U.S. tariffs on Japan’s economy, a summary of opinions at the bank’s June policy meeting showed on Wednesday. Others in the nine-member board said inflation was moving at …
BOJ board divided over rate pause and inflation risks, June summary shows Read More »
SAO PAULO (Reuters) -Brazilian Finance Minister Fernando Haddad said any debate on increasing public spending is frozen until the government ensures fiscal sustainability, according to an interview with Record TV published on Tuesday. Haddad stated that no new spending increase would be welcome unless it is essential. The minister also voiced concern over the central …
Brazil’s Haddad says debate over increasing public spending is frozen Read More »
WELLINGTON, June 25 (Reuters) – New Zealand posted a monthly trade surplus of NZ$1.235 billion in May, data from Statistics New Zealand showed on Wednesday, while the annual deficit was NZ$3.79 billion. Exports totalled NZ$7.68 billion for the month while imports were NZ$6.44 billion. (wellington.newsroom@thomsonreuters.com; +6448027979)
By Gertrude Chavez-Dreyfuss BOSTON (Reuters) -The bond market is bracing for up to $1 trillion of additional U.S. Treasuries supply in the second half of the year once lawmakers address the looming debt ceiling problem, possibly permanently, top rates strategists said on Tuesday. Any new issuance will likely be focused on shorter-dated debt including bills. With …
US bond market braces for surge in Treasury supply in second half Read More »
