AMSTERDAM (Reuters) – Some of the world’s major currencies will try to compete with the dollar on the global stage and could even attract some investor flows but the dollar will stay the world’s key currency for some time to come, Dutch central bank chief Klaas Knot said. Some investors have reduced their exposure to …
Loss of dollar’s role as world’s dominant currency still far off, ECB’s Knot says Read More »
(Reuters) -Carrier Global on Tuesday announced plans to invest $1 billion over five years in the United States, in response to President Donald Trump’s policies encouraging domestic production. Global firms are boosting their investments and presence in the U.S. after Trump’s policies have pushed companies across sectors, including Apple and Ford, to produce within the …
Carrier to invest $1 billion to boost US production Read More »
By Libby George LONDON (Reuters) -Recent political events in Turkey stymied the country’s path to slowing inflation and the fallout affected the economy as well as foreign exchange reserves, the European Bank for Reconstruction and Development’s chief economist said. The detention of Istanbul mayor and main opposition leader Ekrem Imamoglu on March 19 sent the …
Turkey’s recent political events hit economy, reserves, says EBRD Read More »
By Kopano Gumbi PRETORIA (Reuters) -South Africa’s unemployment rate rose in the first quarter of this year, with statisticians fretting that increasing numbers of people appear to have given up looking for work. The country’s official unemployment rate – one of the highest in the world – rose to 32.9% from 31.9% in the final …
South African jobless rate rises, more give up looking for work Read More »
By Libby George LONDON (Reuters) -Tariffs, wars and economic worries in powerhouse economies such as Germany and China led the European Bank for Reconstruction and Development (EBRD) to cut its economic growth forecasts for the fourth straight time, the lender said on Tuesday. In the report, which covers economies in emerging Europe, central Asia, the …
EBRD trims growth forecast again as tariffs and wars loom Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan expects wages and prices to keep rising even as the uncertainty over U.S. tariff policy weighs on the economy, its deputy governor Shinichi Uchida said on Tuesday, signalling the bank’s resolve to maintain its rate-hike stance. While U.S. tariffs are likely to hurt Japan’s economic growth, …
BOJ upbeat on wages despite US tariffs, sees scope to resume rate hikes Read More »
SYDNEY (Reuters) -Australian business activity stayed subdued in April as rising costs squeezed profit margins, a survey showed on Tuesday, while firms shied away from fresh investment amid uncertainty over U.S. trade policy. National Australia Bank’s survey showed its index of business conditions edged down 1 point to +2 in April, well below the long-run …
Australia business activity soft in April amid global trade unease Read More »
(Reuters) – Argentina’s monthly inflation rate is seen hitting 3.1% in April, a dip from the 3.7% rate recorded in March, according to the median forecast of a Reuters poll published on Monday. Inflation in the South American country has slowed dramatically since libertarian President Javier Milei took office in December 2023, when the monthly …
Argentina inflation seen slowing in April, reviving downward trend: Reuters poll Read More »
By Gabriel Burin (Reuters) – The Bank of Mexico will likely cut its benchmark interest rate by 50 basis points at its meeting on May 15, taking it to 8.5%, according to a Reuters poll on Monday, as inflation remains near target and worries linger over weak economic activity. Of 31 economists surveyed, 30 expect …
Bank of Mexico seen cutting key rate by 50 basis points: Reuters poll Read More »
(Reuters) -Credit ratings agency Fitch on Monday upgraded Argentina’s long-term foreign-currency and local-currency issuer default rating to “CCC+” from “CCC”, citing the launch of a new International Monetary Fund (IMF) program and the liberalization of the foreign-exchange market that have boosted the country’s external liquidity. “The economic recovery and disinflation have already exceeded our prior …
Fitch upgrades Argentina’s rating on IMF support, Forex reforms Read More »
