Reuters US Economy

Short-seller Chanos questions bitcoin-holding pioneer Strategy’s valuation premium

12 Jun 2025

(Reuters) -Prominent short-seller Jim Chanos has questioned Strategy’s valuation premium over its bitcoin holdings, saying Chairman Michael Saylor’s tactics to boost the company’s returns are “financial gibberish.” “…Mr. Saylor wants you to value his business based not only on the net value of his Bitcoin holdings (NAV) at market, but additionally with a multiple on …

Short-seller Chanos questions bitcoin-holding pioneer Strategy’s valuation premium Read More »

Aircraft startup JetZero to invest $4.7 billion over a decade in North Carolina HQ

12 Jun 2025

By Allison Lampert (Reuters) -U.S. aircraft startup JetZero, which has secured investments from United Airlines and Alaska Airlines, will invest $4.7 billion over a decade on a production facility and headquarters in North Carolina, the state said on Thursday. The deal contains more than $1.1 billion in state performance incentives that would be paid over …

Aircraft startup JetZero to invest $4.7 billion over a decade in North Carolina HQ Read More »

Brazil renews push for fiscal package despite resistance from lawmakers

12 Jun 2025

By Marcela Ayres BRASILIA (Reuters) -Brazil’s Finance Minister Fernando Haddad on Thursday sought to prevent the country’s new fiscal package from being labeled a simple tax hike, saying that the measures would allow the government to meet its fiscal target and not affect most people’s daily lives. Haddad’s remarks came as the executive order unveiled …

Brazil renews push for fiscal package despite resistance from lawmakers Read More »

China says it will remove all tariffs on African exports to boost trade

12 Jun 2025

By Duncan Miriri NAIROBI (Reuters) -China will negotiate and sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with, it said, a move that could benefit middle-income nations. The Asian economic giant offers duty- and quota-free market access to least developed …

China says it will remove all tariffs on African exports to boost trade Read More »

Kenya finance minister projects lower deficit and sustained growth

12 Jun 2025

By Hereward Holland and George Obulutsa NAIROBI (Reuters) -Kenya is on a trajectory of sustained economic growth but also faces potential risks from global trade sanctions, market volatility and extreme weather conditions, its finance minister said on Thursday. The economy is projected to grow by 5.3% in both 2025 and 2026, John Mbadi told parliament …

Kenya finance minister projects lower deficit and sustained growth Read More »

Brazil revises IOF taxes after pushback, tweaks investment levies

12 Jun 2025

SAO PAULO (Reuters) -The Brazilian government published on Wednesday an executive order altering taxes levied on investments, as well as a new decree walking back part of the recently announced hikes on the IOF tax on financial transactions. The government had announced in May the increase of the IOF tax, including on credit and foreign-exchange …

Brazil revises IOF taxes after pushback, tweaks investment levies Read More »

Bank of Korea chief says excessive rate cuts could cause price upswing in property markets

12 Jun 2025

SEOUL (Reuters) -South Korea’s central bank governor said on Thursday “excessive” policy interest rate cuts could cause another round of price upswings in the property market and increase volatility in currency markets, although the domestic economy remains sluggish. “If we rely too much on economic stimulus policies out of urgency, there may be greater side …

Bank of Korea chief says excessive rate cuts could cause price upswing in property markets Read More »

Mexico cenbank gives financial system passing grade as chief urges calm on inflation

12 Jun 2025

By Brendan O’Boyle MEXICO CITY (Reuters) -Mexican Central Bank Governor Victoria Rodriguez urged confidence in Mexico’s banking system and economy on Wednesday, seeking to assuage fears about rising inflation and stagnant growth in Latin America’s second-largest economy. The central bank offered an optimistic outlook in its biannual stability report released on Wednesday, saying Mexico’s financial …

Mexico cenbank gives financial system passing grade as chief urges calm on inflation Read More »

IMF, Ecuador reach agreement on proposed augmentation of $1 billion

12 Jun 2025

QUITO (Reuters) -The International Monetary Fund said on Wednesday that it reached a staff-level agreement with the Ecuadorean authorities on the second review for a proposed augmentation of $1 billion. Amid a more challenging external environment, the authorities have requested an increase of the original arrangement from $4 billion to $5 billion, the IMF said. …

IMF, Ecuador reach agreement on proposed augmentation of $1 billion Read More »

Close Bitnami banner
Bitnami