By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -The Russian central bank cut its key interest rate by a full percentage point to 20% on Friday, a surprise move by the bank which it justified by pointing to declining inflation pressure and a more robust rouble. It was the first easing since September 2022 by …
Russian central bank delivers surprise rate cut, first since 2022 Read More »
(Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Friday that growth in the agriculture sector may allow Latin America’s largest economy to defy current projections and expand this year more than in 2024, when it notched growth of 3.4%. Lula’s optimistic remarks diverge from his own government’s forecast, as the Finance Ministry sees …
Brazil’s Lula bets on agriculture to drive higher growth in 2025 Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s unemployment rate in May jumped to its highest level in almost nine years, excluding the peak of the COVID-19 pandemic, with 1.6 million jobless people in the country, data showed on Friday. The unemployment rate ticked up to 7% in May from 6.9% in April, a third consecutive monthly …
Canada’s May unemployment rate at multi-year high Read More »
MOSCOW (Reuters) -Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 20% from 21%. They spoke in Russian and the quotes below were translated into English by Reuters. NABIULLINA ON DECISION TO CUT THE RATE “Today, we considered …
Russia’s Nabiullina on central bank rate cut, inflation and rouble Read More »
By Daniela Desantis ASUNCION (Reuters) -Countries in Latin America should maintain prudent fiscal policies to strengthen their economies amid a swift escalation of trade tensions and policy uncertainty, Nigel Clarke, the International Monetary Fund’s deputy managing director told Reuters on Friday. “Now is not the time to change policy frameworks or abandon fiscal plans,” Clarke …
IMF says Latin America must maintain fiscal plans amid uncertainty Read More »
AMSTERDAM (Reuters) -Trade tariffs and the uncertainty they are causing put a brake on economic growth in the Netherlands, the Dutch central bank DNB said on Friday. Growth of the euro zone’s fifth largest economy is set to remain stuck at about 1% from this year through 2027, DNB said, revising down its previous outlook …
Dutch economy held back by tariffs and uncertainty, central bank says Read More »
By Maria Martinez BERLIN (Reuters) -German exports and industrial output fell more than expected in April as demand from the United States decreased following months of strong purchases in anticipation of U.S. tariffs, official data showed on Friday. Europe’s largest economy grew in the first quarter, helped by exports and industry front-loading ahead of anticipated …
German exports, industrial output dip as pre-tariff boost ends Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan should continue to proceed with monetary tightening, which would support a “normalization of the yen’s weakness” and rebalancing of bilateral trade, the U.S. Treasury Department said on Thursday. The comments, made in the Treasury’s exchange-rate report to Congress, come as steep U.S. tariffs imposed by …
US Treasury says BOJ should continue to tighten policy Read More »
(Reuters) -Argentine analysts cut their inflation forecast for the end of the year to 28.6%, the central bank’s monthly market expectations survey showed on Thursday. The revised estimate is 3.2 percentage points lower than last month’s forecast. Analysts also ticked up their 2025 economic growth outlook by 0.1 percentage point to 5.2%. The improved inflation …
Argentina inflation seen slowing to 28.6% by year-end Read More »
By Jonathan Stempel (Reuters) -A federal judge on Thursday dismissed a lawsuit challenging U.S. Securities and Exchange Commission rule changes that made it harder for shareholders to file proposals at companies’ annual meetings, including for reforms on environmental, social and governance (ESG) issues. U.S. District Judge Reggie Walton in Washington, D.C. rejected arguments that the …
SEC wins dismissal of lawsuit challenging tighter rules on shareholder proposals Read More »
