By Ann Saphir and Michael S. Derby (Reuters) – A pair of Federal Reserve policymakers signaled on Thursday that they believe higher inflation is for now a more pressing risk than a slowing labor market, a view that implies support for keeping monetary policy on hold for longer. “I see greater upside risks to inflation …
Fed policymakers flag inflation concerns, a view that argues against rate cuts Read More »
BRASILIA (Reuters) – Brazil’s poultry exports fell in both value and volume in May from a year earlier, government data showed on Thursday, as trade restrictions following a bird flu case weighed on the sector. Herlon Brandao, director of Statistics and Foreign Trade Studies at the Ministry of Development, Industry, Trade and Services, said at …
Brazil’s poultry exports fell in May, hit by bird flu case Read More »
BRASILIA (Reuters) -Brazil posted a smaller-than-expected trade surplus in May, government data showed on Thursday, as imports continued to show strong momentum. The monthly surplus fell 12.8% from a year earlier to $7.2 billion, missing the $8.3 billion forecast in a Reuters poll of economists. Amid resilient economic activity in Latin America’s largest economy, imports …
Brazil’s May trade surplus lands below expectations as import growth persists Read More »
By Purvi Agarwal, Sanchayaita Roy and Pranav Kashyap (Reuters) -European equities see-sawed on Thursday, ultimately eking out gains after the European Central Bank’s President Christine Lagarde’s more hawkish commentary overshadowed a widely expected rate cut. The pan-European STOXX 600, which was initially in positive territory, abruptly reversed course, crawling into the red as Lagarde’s remarks …
European shares inch up as Lagarde’s remarks offset ECB rate cut Read More »
By Promit Mukherjee and David Ljunggren OTTAWA, June 5 (Reuters) – Canadian firms and industry associations affected by trade tensions are less worried about a worst-case scenario involving U.S. tariffs but are set to raise prices, the Bank of Canada said on Thursday. The central bank left rates unchanged for the second time in a …
Bank of Canada: some firms see less chance of a worst-case tariffs scenario Read More »
PORT LOUIS (Reuters) -Mauritius aims to halve its budget deficit to 4.9% of gross domestic product (GDP) in the fiscal year that starts in July, its prime minister said on Thursday, adding that urgent changes were needed to improve the health of public finances. Prime Minister Navin Ramgoolam, elected in November, accuses the previous government …
Mauritius aims to halve budget deficit next fiscal year Read More »
By Michael S. Derby -Supply chain stress ticked up a hair in May, data from the Federal Reserve Bank of New York said Thursday. The bank said its Global Supply Chain Pressure Index for May rose to 0.19 from -0.28 in April. Positive readings denote above average levels of stress and while May’s reading was …
NY Fed data shows slight rise in supply chain pressure in May Read More »
TORONTO (Reuters) -Canadian economic activity contracted for a second straight month in May even as a measure of employment increased, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally adjusted index edged up to 48.9 last month from 47.9 in April. A reading below 50 indicates a decrease in activity. The Ivey PMI …
Canada’s Ivey PMI shows activity contracting for a second straight month in May Read More »
By Maya Gebeily BEIRUT (Reuters) -Lebanon has made progress on reforms needed to revive its economy but still has key steps to take and will need external funding on concessional terms, the International Monetary Fund said on Thursday after a week of meetings in Beirut. Lebanon’s economy went into a tailspin in late 2019, prompted …
IMF sees ‘some progress’ on Lebanon reforms, says external support needed Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s trade deficit in April widened to an all-time high of a whopping C$7.1 billion ($5.2 billion), data showed on Thursday, as tariffs imposed by President Donald Trump sucked out demand for Canadian goods from the United States. Canada’s exports to the rest of the world rose, but could not …
Canada’s April trade deficit widens to historic high as tariffs cripple exports Read More »
