By Lucy Craymer WELLINGTON (Reuters) -At a trendy cafe in downtown Wellington, job seekers gather to share tips on how to find work in New Zealand’s capital, where deep government spending cuts have led to thousands of public sector job losses and squeezed the city’s economy. Rebecca Thomson, a communications specialist who started the informal …
New Zealand’s budget cuts punish public sector, business and workers Read More »
By Nelson Bocanegra BOGOTA (Reuters) -If a planned fiscal consolidation in Colombia fails to stabilize public debt and comply with fiscal rules, it could lead to a ratings downgrade for the Andean nation, a top Moody’s analyst said on Tuesday. Colombia’s economy is seen growing 2.5% this year, Renzo Merino, a sovereign risk analyst at …
Colombia public debt puts sovereign rating at risk, Moody’s analyst says Read More »
By Hernan Nessi BUENOS AIRES (Reuters) – Economic activity in Argentina likely grew in March year-over-year, a Reuters poll of market analysts showed on Tuesday, rebounding from a drop logged in the year-ago month. The median forecast from 16 analysts sees economic activity expanding 6.4% in March, the fifth-consecutive month of year-on-year growth. Estimates ranged …
Argentina economic activity seen expanding in March: Reuters poll Read More »
BUENOS AIRES (Reuters) -Argentina posted a trade surplus of $204 million in April, after registering $6.66 billion in exports and $6.46 billion in imports in the month, the government’s statistics office published on Tuesday. The data landed far below the $1 billion surplus forecast from analysts polled by Reuters. April still marked the seventeenth-consecutive positive …
Argentina posts $204 million trade surplus in April, far below expectations Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices were little changed on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy. Brent futures slid 16 cents, or 0.2%, to settle at $65.38 a barrel, while U.S. West Texas Intermediate (WTI) …
Oil prices little changed on geopolitical uncertainty, weak China demand signals Read More »
By Colleen Howe and Michele Pek BEIJING (Reuters) -Coal imports from China’s largest supplier Indonesia tumbled 20% to 14.286 million tons in April, customs data showed on Tuesday, as Chinese buyers rejected a push by Jakarta to use its government-set benchmark in international sales, in a bid to increase royalties. Indonesia began using the new …
Indonesian coal shipments to China slide amid new benchmark push Read More »
DUBLIN (Reuters) -Ireland’s two dominant banks are not receiving enough demand from housebuilders to use all the funds they have earmarked for housing projects, executives said on Tuesday, highlighting the challenges Ireland faces in ramping up much needed supply. Ireland has struggled to house a rapidly growing population since a slump in the construction industry …
Ireland’s main banks flag lack of appetite for house building Read More »
(Reuters) -Australia’s “Big 4” banks decreased their home loan variable interest rates by 25 basis points per annum on Tuesday, following the central bank’s quarter-point cut. The Reserve Bank of Australia (RBA) cut its main cash rate to 3.85% from 4.1% earlier in the day, citing a darker global outlook and cooling inflation at home. …
Australian banks cut home loan rates after central bank’s policy easing Read More »
By David Lawder, Promit Mukherjee and Julia Payne WASHINGTON/BANFF, Alberta (Reuters) -Finance leaders from the Group of Seven industrialized democracies will strive for unity on non-tariff issues when they meet in Canada this week, but may have trouble reaching consensus with a Trump administration intent on pushing allies to serve U.S. interests. The other six …
G7 finance leaders seek non-tariff consensus in Canada, may face US pushback Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank does not see any realistic prospect of emerging nations in the BRICS group creating markets large enough to topple the U.S. dollar’s dominance within the next 10 years, monetary policy director Nilton David said on Monday. There is not a meaningful stock of BRICS-denominated assets that could …
No BRICS asset pile big enough to rival dollar, Brazil central bank director says Read More »
