Reuters US Economy Archives - Page 203 of 866

Brazil acknowledges record debt risk this year, need for fiscal consolidation

16 Apr 2025 16 Apr 2025

By Marcela Ayres BRASILIA (Reuters) – Brazil’s government acknowledged growing risks of public debt renegotiation, with a record level for 2025 due to an increased share of debt exposed to short-term interest rates, and stressed the need for fiscal consolidation to improve the outlook. In a fiscal risks annex to the 2026 budget guidelines bill …

Brazil acknowledges record debt risk this year, need for fiscal consolidation Read More »

Bank of Canada holds rates, says it will act decisively if need be

16 Apr 2025 16 Apr 2025

By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said it would be ready to act decisively if needed to keep inflation under control. The bank, which began cutting last June, kept rates on hold …

Bank of Canada holds rates, says it will act decisively if need be Read More »

Top Bank of Canada officials speak after central bank holds policy rate steady

16 Apr 2025 16 Apr 2025

TORONTO (Reuters) -Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank held its key policy rate steady at 2.75%. MACKLEM ON 2% INFLATION TARGET “Our target is 2% inflation. We think about that symmetrically. We’re just …

Top Bank of Canada officials speak after central bank holds policy rate steady Read More »

US manufacturing output slows in March; tariffs cloud hangs over factories

16 Apr 2025 16 Apr 2025

WASHINGTON (Reuters) – U.S. manufacturing production rose moderately in March and could decelerate further amid President Donald Trump’s global tariffs, which have sparked a trade war with China. Factory output increased 0.3% last month after an upwardly revised 1.0% rebound in February, the Federal Reserve said on Wednesday. Economists polled by Reuters had forecast production …

US manufacturing output slows in March; tariffs cloud hangs over factories Read More »

China March crude steel output hits 10-month high on improved margins

16 Apr 2025 16 Apr 2025

By Amy Lv and Lewis Jackson BEIJING (Reuters) -China’s crude steel output in March climbed 4.6% from the prior year to the highest level in 10 months, driven by robust exports and favourable margins. The world’s largest steel producer manufactured 92.84 million metric tons of crude steel last month, the highest for a single month …

China March crude steel output hits 10-month high on improved margins Read More »

New Zealand central bank’s budget to see 25% cut in coming year

16 Apr 2025 16 Apr 2025

By Lucy Craymer WELLINGTON (Reuters) – The New Zealand central bank’s operating budget will be cut by roughly 25% in the coming fiscal year and set at roughly NZ$150 million ($88.50 million) for each of the next five years, New Zealand’s Finance Minister Nicola Willis said on Wednesday. According to the Reserve Bank of New …

New Zealand central bank’s budget to see 25% cut in coming year Read More »

Brazil sees worsening debt outlook despite rising primary surplus targets

16 Apr 2025 16 Apr 2025

By Marcela Ayres BRASILIA (Reuters) -Brazil’s government on Tuesday projected a sharp rise in gross debt despite an outlook for an improving primary balance, including a 0.25% of gross domestic product surplus target for 2026 and more ambitious goals in the following years. In its annual budget guidelines bill, which requires congressional approval, President Luiz …

Brazil sees worsening debt outlook despite rising primary surplus targets Read More »

Analysis-Brazil auto market offers warning for US tariff policy

15 Apr 2025 15 Apr 2025

By Luciana Magalhaes and Alberto Alerigi Jr SAO PAULO (Reuters) – When Brazil hiked trade barriers in its auto market over a decade ago, the government promised more local manufacturing, reliable jobs and better cars. Instead, carmakers opened and then shuttered factories, ultimately shedding jobs and slashing production. Brazilians routinely pay 50% more for the …

Analysis-Brazil auto market offers warning for US tariff policy Read More »

Euro zone banks tightening corporate credit access on rising economic risk, ECB survey shows

15 Apr 2025 15 Apr 2025

FRANKFURT (Reuters) – Euro zone banks curbed firms’ access to credit last quarter and expect to keep tightening credit standards due to increasing concerns about the economic outlook, the European Central Bank’s lending survey showed on Tuesday. Lending growth has been on a modest upward slope for most of the past year, helped by falling …

Euro zone banks tightening corporate credit access on rising economic risk, ECB survey shows Read More »

Peru economy undershoots expectations in February

15 Apr 2025 15 Apr 2025

LIMA (Reuters) – Peru’s economy grew 2.68% in February, data from the nation’s INEI statistics agency showed on Tuesday, falling short of estimates despite most sectors logging growth. The February data landed below the 3.5% estimate of analysts polled by Reuters. The Andean nation’s key mining and energy sector shrank 1.36%, with utilities and telecommunications …

Peru economy undershoots expectations in February Read More »