BRUSSELS (Reuters) -The International Monetary Fund on Tuesday cut its economic growth forecast for the euro zone for this year and next, citing the increase in U.S. tariffs and uncertainty surrounding their implementation. The IMF cut its forecast for the 20 countries sharing the euro currency to 0.8% growth in 2025 and 1.2% growth in …
IMF cuts euro zone growth forecast amid tariff uncertainty Read More »
NEW YORK (Reuters) -Federal Reserve Bank of Philadelphia President Patrick Harker said on Tuesday the true level of poverty in the United States might be understated, in comments that did not address the monetary policy and economic outlook. “The way we have historically measured economic stability of low-income households may no longer work,” Harker said …
Fed’s Harker says US poverty levels may be understated Read More »
By Rodrigo Campos NEW YORK (Reuters) -A forecast contraction in Mexico’s 2025 economic output accounts for most of the IMF’s estimate for a slowdown in Latin America and the Caribbean’s GDP growth this year, the fund’s updated World Economic Outlook showed on Tuesday. The International Monetary Fund now expects economic output growth in LatAm and …
IMF cuts Latam, Caribbean 2025 GDP growth estimate Read More »
By Manya Saini DUBAI (Reuters) -The International Monetary Fund on Tuesday lowered its 2025 GDP growth forecast for Saudi Arabia, while flagging headwinds for the broader region, including a more gradual resumption of oil production. Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic, with officials preparing policy responses …
IMF cuts Saudi 2025 growth forecast, flags slower oil rebound as a drag on region Read More »
(Reuters) -Northern Trust reported an 83% rise in first-quarter profit on Tuesday, as the wealth manager was helped by higher fee income from servicing and managing client assets. Economic uncertainty sparked by U.S. President Donald Trump’s tariff announcements has contributed to market volatility, prompting investors to swiftly rebalance their portfolios in an effort to shield …
Northern Trust quarterly profit rises amid higher fee income Read More »
MADRID (Reuters) – Spain will meet NATO’s target of spending 2% of gross domestic product on defence this year, much earlier than its previous self-imposed deadline of 2029, Prime Minister Pedro Sanchez said on Tuesday. Spain, which spent just 1.3% on defence in 2024, the lowest among NATO members, and other European countries are under …
Spain vows to meet NATO spending goal of 2% GDP in 2025 Read More »
(Reuters) -Credit card-focused consumer banking firm Synchrony Financial reiterated its annual revenue forecast on Tuesday, signaling resilience despite economic worries stemming from uncertainties around U.S. trade policy. U.S. banks that are reporting quarterly earnings have largely stuck to their previous forecasts, even as several businesses across sectors withdrew projections citing the tariff-driven turmoil. Synchrony still …
Synchrony Financial reiterates annual revenue forecast despite uncertainty Read More »
By Amanda Cooper (Reuters) – Morning Bid U.S. What matters in U.S. and global markets today By Amanda Cooper, EMEA Markets Breaking News Editor It’s no secret that U.S. President Donald Trump is not a fan of Federal Reserve Chair Jerome Powell, despite having appointed him to lead the U.S. central bank in 2018 during …
TAIPEI (Reuters) -Taiwan’s export orders rose less than expected in March, as strong demand for artificial intelligence (AI) applications was offset by slower demand from China, with the government expressing caution about the outlook due to geopolitical risks. Export orders rose 12.5% year-on-year in March to $53.04 billion, a second monthly gain, the Ministry of …
Taiwan March export orders miss forecast, China drags Read More »
BERLIN (Reuters) -More than 80% of German companies in manufacturing and the information technology industry expect a negative impact on the German economy from tariffs imposed by the U.S., according to a survey by the Leibniz Centre for European Economic Research ZEW. The survey, seen by Reuters on Tuesday, showed that 20% of the 800 …
Majority of German firms fear negative effects of Trump tariffs, ZEW finds Read More »
