Reuters US Economy

NEW YORK (Reuters) -Bank of America shareholders voted on Tuesday to approve pay packages for CEO Brian Moynihan and the lender’s top executives, and also elected its 14 directors on the board. Proxy adviser Institutional Shareholder Services had recommended that investors vote against the payouts, expressing concerns about the process used to set the compensation. …

Bank of America’s shareholders OK executive compensations, elect directors Read More »

SAO PAULO (Reuters) – Brazil’s 2025/26 coffee crop is forecast to decline by between 3% to 6.4% versus the previous cycle, mostly due to dry weather in 2024, according to two estimates published by different banks on Tuesday. Following a crop tour, Dutch bank Rabobank forecast Brazil’s coffee output in the 2025/26 cycle would drop …

Brazil’s 2025/26 coffee output forecast to decline by up to 6.4% Read More »

BUENOS AIRES (Reuters) -Argentina’s economic activity rose 5.7% in February compared with the same month last year, notching its fourth consecutive month of year-on-year growth, official data showed on Tuesday. Latin America’s third-largest economy has shown signs of a turnaround in the past few months, after being hit hard by libertarian President Javier Milei’s tough …

Argentina economic activity grows 5.7% in February Read More »

By Ana Isabel Martinez and Natalia Siniawski MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum on Tuesday pushed back against the International Monetary Fund’s new forecast of a contraction in GDP this year, saying public spending would help shield Latin America’s no. 2 economy from market headwinds. Earlier on Tuesday, the fund’s updated World Economic Outlook …

Mexico’s president counters IMF forecast of economic contraction Read More »

By Manya Saini DUBAI (Reuters) – In the bustling Gold Souk in Dubai, dubbed the “City of Gold”, 22-karat gold jewellery is a traditional favourite for weddings, religious celebrations, and as a family investment. Yet with bullion prices hitting record highs above $3,400 an ounce, there are signs of change, as buyers look to diamonds …

In Dubai’s Gold Souk, bullion’s record run brings little joy for jewellers Read More »

BERLIN (Reuters) – The German government cut its economic forecast for this year and now foresees stagnation instead of 0.3% growth, a source told Reuters on Tuesday, confirming a report by the Handelsblatt newspaper. For 2026, the government now expects growth of 1%, down slightly from its January forecast of 1.1%, according to the source. …

German government forecasts economic stagnation in 2025, source says Read More »

NEW DELHI (Reuters) -The International Monetary Fund (IMF) on Tuesday cut its economic growth forecast for India for the current fiscal year, citing increased trade tensions and global uncertainty. The IMF lowered its forecast for the South Asian country to 6.2% from the 6.5% it had forecast in January for the fiscal year that started …

IMF cuts India’s growth forecast amid tariff uncertainty Read More »