HANOI (Reuters) -Vietnam’s exports in May rose 14% from a year earlier, the government said on Wednesday. The country registered a trade surplus of $4.67 billion for the month, the government said in a statement. Firms in the Southeast Asian nation have been seeking to boost shipments ahead of the Trump administration’s “reciprocal” tariff rate …
Vietnam May exports rise 14% yr/yr, trade surplus at $4.67 billion Read More »
SEOUL (Reuters) -South Korea’s consumer inflation slowed in May to the weakest pace in five months, government data showed on Wednesday, coming in below market expectations. The consumer price index rose 1.9% in May from a year earlier, after rising 2.1% in April, according to Statistics Korea. It was the weakest since December 2024 and …
South Korea May inflation weakest in 5 months, below forecast Read More »
By Marcela Ayres (Reuters) -Brazil’s government will unveil a new set of fiscal measures next week aimed at balancing public accounts, with their approval seen as crucial to revisiting a controversial IOF tax hike, said Finance Minister Fernando Haddad on Tuesday. Speaking to reporters after a lunch with President Luiz Inacio Lula da Silva, the …
By Marco Aquino LIMA (Reuters) -Copper output in Peru, the world’s third-biggest producer, is expected to grow slightly to 2.8 million metric tons this year, while mining investment is forecast to reach at least $4.8 billion, the country’s top mining official said on Tuesday. Peru produced about 2.7 million tons of copper in 2024 and …
Peru expects small rise in 2025 copper output, long battle versus illegal gold mining Read More »
BRASILIA (Reuters) -Brazil’s economy is expected to grow 2.3% this year, the International Monetary Fund (IMF) projected on Tuesday, revising up its April forecast of 2%. Following the conclusion of its 2025 Article IV visit to the country, the IMF estimated that inflation will reach 5.2% this year, from 5.3% seen previously, gradually converging to …
IMF projects Brazil will grow 2.3% this year, inflation to converge to target in 2027 Read More »
By Libby George LONDON (Reuters) -African countries should focus on developing liquid local debt markets in their home currencies to protect them from global volatility and fickle foreign investors, said Moody’s global head of sovereign and sub-sovereign risk, Marie Diron. Credit ratings for some countries on the continent have begun climbing after a rough cycle …
Local debt markets could shield Africa as funding sources shrink, Moody’s says Read More »
CAIRO (Reuters) – Egypt’s annual headline inflation is forecast to have heated up in May, driven mainly by an unfavourable base effect, a Reuters poll found. The state statistics agency CAPMAS said it would release inflation figures on Wednesday, six days earlier than usual, due to the Eid al-Adha holiday that begins on Thursday. The …
Egypt inflation seen climbing to 14.9% in May: Reuters poll Read More »
By Kopano Gumbi PRETORIA (Reuters) -South Africa’s economy stagnated in the first quarter, eking out quarter-on-quarter growth of just 0.1%, as contractions in sectors like mining and manufacturing offset a strong performance by agriculture. Africa’s biggest economy has struggled to build momentum since the 2008-2009 global financial crisis, with annual growth averaging less than 1% …
South African economy barely grows in first quarter Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -Indian markets will likely be among the top three in Asia to attract foreign inflows once tariff-related uncertainties ease, with the rupee and local currency-denominated bonds benefiting the most, an executive from BofA Securities told Reuters. “India within Asia should be one of the best markets for investments as they …
By John Revill ZURICH (Reuters) -Swiss inflation turned negative in May, marking the first decline in consumer prices for more than four years and adding pressure on the Swiss National Bank to cut its interest rate steeply later this month. Consumer prices fell by 0.1% in May compared with a year earlier, according to data …
Swiss inflation turns negative, raising likelihood of negative interest rates Read More »
