By Nikhil Sharma and Purvi Agarwal (Reuters) -European shares kicked off the week on a positive note on Monday, recouping the previous session’s losses, as markets heaved a sigh of relief after U.S. President Donald Trump delayed his threat to impose a 50% tariff on the region. The pan-European STOXX 600 index closed 1% higher. …
European stocks recover after Trump delays EU tariffs in hopes of deal Read More »
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Russia’s economy is facing “hypothermia” risks, Economy Minister Maxim Reshetnikov said on Monday as he urged the central bank to take slowing inflation into account when it meets to set interest rates next week. Grappling with stubbornly high inflation, Russia’s central bank has kept its key interest …
Russia’s cooling economy facing ‘hypothermia’ risks, minister warns Read More »
By Steven Scheer JERUSALEM (Reuters) -The Bank of Israel left short-term interest rates unchanged for an 11th straight meeting on Monday, saying high inflation remains the chief concern while economic activity continues to recover moderately despite the war in Gaza. The central bank kept its benchmark rate at 4.50%. “In view of the continuing war, …
Bank of Israel holds rates but worried by possible inflation acceleration Read More »
SYDNEY (Reuters) -The world’s poorest countries are due to make record debt repayments to China in 2025 on loans extended a decade earlier at the peak of Beijing’s Belt and Road Initiative, a report by the Sydney-based Lowy Institute think tank said on Monday. Under the initiative launched by Chinese President Xi Jinping in 2013, …
China shifts from developing world’s banker to debt collector, says Lowy Institute Read More »
By Leika Kihara TOKYO (Reuters) -It’s Japan’s version of the Fed’s Jackson Hole symposium, without the trail hikes or views, and this year’s gathering of global central bankers in Tokyo will focus on two uncomfortable realities: flagging economic growth and sticky inflation. The Bank of Japan and its affiliated think tank host a two-day annual …
Global central banks talk harsh new economic realities in Tokyo Read More »
(Reuters) -Chip behemoth Nvidia is closing the U.S. earnings season, as investors digest the appearance of the bond vigilantes in the usually rather sedate corner of long-term government debt. Central banks in Australia, New Zealand and South Korea hold rate meetings as inflation data from around the globe provides evidence of the economic fallout from …
By Pranoy Krishna and Vivek Mishra BENGALURU (Reuters) -Indian economic growth likely picked up last quarter, a Reuters poll of economists found, in part from strength in rural spending related to better agricultural output even as urban spending likely remained more subdued. Gross domestic product (GDP) in Asia’s third-largest economy likely grew 6.7% year-on-year in …
India GDP growth likely picked up in the January–March quarter Read More »
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said that the increase in the IOF tax on financial transactions “was debated at the president’s (Luiz Inacio Lula da Silva) table, who summons the ministers he considers pertinent”, newspaper O Globo reported on Sunday. Asked in the interview whether there might be another review of …
IOF tax was discussed at President Lula’s table, Brazil’s finance minister tells O Globo Read More »
By Fernando Cardoso, Bernardo Caram and Marcela Ayres SAO PAULO (Reuters) -Brazil’s Finance Ministry on Friday said it had scrapped a higher transaction tax on funds invested abroad after critics inside and outside the government blasted the move as backsliding toward the return of capital controls. The measure was part of an executive decree on …
Brazil walks back higher tax on investments abroad under fire Read More »
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes surged to more than a three-year high in April as builders lowered prices to attract buyers, but rising mortgage rates and economic uncertainty remained headwinds for the housing market. Data for February and March was revised significantly down, taking some of the shine …
Lower prices boost new US home sales; outlook downbeat amid higher mortgages Read More »
