Reuters US Economy

Bolivia negotiating $9 billion in multilateral loans to spur recovery

By Monica Machicao and Lucinda Elliott LA PAZ (Reuters) -Bolivia is negotiating multilateral financing that will exceed $9 billion for public and private projects, Economy Minister Jose Gabriel Espinoza said Tuesday in the first major policy announcement since centrist President Rodrigo Paz took office this month. The package, arranged with a consortium of lenders, exceeds …

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Fed’s Miran ties rising unemployment to current setting of monetary policy – Fox Business

(Reuters) -Federal Reserve Governor Stephen Miran said in a television interview on Tuesday that a deteriorating job market was happening because of where the central bank has set it short-term interest rate target.  “We have to recognize that the unemployment rate has been drifting higher, and that is a function of monetary policy being too …

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Brazil’s foreign direct investment through October surpasses 2024 total

By Marcela Ayres BRASILIA (Reuters) -Brazil’s foreign direct investment inflows through October have already surpassed last year’s total, central bank data showed on Tuesday, as the government expects FDI to reach a record high this year. The improvement in FDI, considered a higher-quality form of financing because it reflects long-term investment in productive activity, should …

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Palestinian economy suffers worst-ever collapse after Israel-Hamas conflict, UN says

By Emma Farge GENEVA (Reuters) -The two-year Gaza war and economic restrictions in the Israeli-occupied West Bank have triggered the worst collapse in the Palestinian economy on record, wiping out decades of growth, a United Nations report said on Tuesday. The Palestinian economy across the West Bank and Gaza contracted by 30% in 2024 compared …

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German home prices on track for 3%-plus annual rises, further stretching affordability- Reuters poll

By Indradip Ghosh (Reuters) – German home prices will rise around 3% annually over the coming years, according to property analysts polled by Reuters, outstripping overall inflation and further stretching affordability for first-time buyers. Home prices fell 13% between early 2022 and 2024, the biggest slump in more than a decade, but have risen 3.3% …

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German economy stagnated in Q3, official data confirms

BERLIN (Reuters) -The German economy stagnated in the third quarter of 2025 compared with the previous quarter, the statistics office said on Tuesday, confirming its preliminary reading. (Writing by Friederike Heine and Ludwig Burger, editing by Thomas Seythal)

Australian pension fund Cbus fined over $15 million for death, disability claim delays

By Rishav Chatterjee (Reuters) -Australia’s Federal Court has ordered superannuation fund Cbus to pay an A$23.5 million ($15.17 million) penalty for serious failures in processing death and disability insurance claims, the country’s corporate regulator said on Tuesday.  The penalty was imposed against United Super, the trustee of Construction and Building Unions Superannuation Fund (Cbus), after the fund …

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Fed’s Waller: December cut appropriate, but January action more uncertain

WASHINGTON (Reuters) -The job market is weak enough to warrant another quarter-point rate cut in December, though action beyond that depends on an upcoming flood of data delayed by the government shutdown, Fed Governor Christopher Waller said on Monday. Since the last Fed meeting, “most of the private sector and anecdotal data that we’ve gotten …

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Bank of Israel cuts rates for first time since January 2024, future cuts to be gradual

By Steven Scheer JERUSALEM (Reuters) -The Bank of Israel cut interest rates by a quarter-point on Monday, its first reduction in nearly two years, citing a moderation in inflation leading up to the ceasefire in Gaza and said cuts will be very gradual over the next year. The cut in the benchmark rate to 4.25% …

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Bank of Israel chief sees two more 25 bps rate cuts by Sept 2026

JERUSALEM (Reuters) -Bank of Israel Governor Amir Yaron said on Monday that economic conditions became appropriate for the first interest rate reduction in nearly two years but the pace of cuts is likely to be slow with just two more quarter-point reductions “reasonable” by next September. Yaron told Reuters after the rate cut that while …

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