Reuters US Economy

By Loucoumane Coulibaly ABIDJAN (Reuters) -Former Mauritanian Finance Minister Sidi Ould Tah has been elected president of the African Development Bank (AfDB), the lender said on Thursday, after a poll during the bank’s annual meeting in Ivory Coast. He will replace Akinwumi Adesina, a Nigerian economist who will step down in September after completing the …

Mauritania’s Tah elected president of AfDB, Africa’s top development bank Read More »

By Lucy Raitano LONDON (Reuters) – European shares are expected to rise slightly by the end of 2025 before scaling new heights in 2026, boosted by monetary easing and higher fiscal spending, but tariff and trade uncertainties are tempering hopes for bigger gains, a Reuters poll found. The pan-European STOXX 600 index is expected to …

European stocks to scale new heights in 2026, trade tensions temper loftier hopes: Reuters poll Read More »

By Patturaja Murugaboopathy and Jiaxing Li (Reuters) -Governments in Asia and Europe are raising far less debt in U.S. dollars than usual, preferring to issue at home as they avoid exposure to rising U.S. yields, currency volatility and broader concerns about U.S. government finances. According to Dealogic data, issuance of dollar bonds by non-U.S. sovereigns …

Global government issuance of US dollar debt tumbling in 2025, data shows Read More »

SEOUL (Reuters) -South Korea’s exports of automobiles, steel and semiconductors are expected to fall as the impact of U.S. President Donald Trump’s tariffs take effect later this year, the central bank said on Thursday. Weaker car exports will drag down South Korea’s exports by 0.6%, and U.S.-bound exports by 4.0%, posing the biggest risk, the …

Bank of Korea sees auto, steel, chip exports falling when tariffs hit Read More »

By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank cut interest rates for a fourth time in its current easing cycle on Thursday to support an economic recovery clouded by U.S. tariffs, just days ahead of a presidential election in Asia’s fourth-largest economy. The Bank of Korea lowered its benchmark interest rate …

South Korea delivers dovish cut ahead of snap election Read More »

SYDNEY (Reuters) -Australian business investment dipped in the March quarter as gains in mining were offset by a pullback elsewhere, while a drop in equipment spending looked to have dragged on economic growth. Data from the Australian Bureau of Statistics on Thursday showed private capital spending fell a real 0.1% in the first quarter from …

Australia business investment dips in Q1, drags on growth Read More »