SEOUL (Reuters) – South Korea will draw up an extra budget of 12 trillion won ($8.45 billion), the finance minister said on Tuesday, up from the previous proposal of 10 trillion won. The budget will include 4 trillion won for responses to changes in the global trade environment and other spending to support small businesses …
South Korea proposes bigger extra budget of 12 trln won Read More »
By Lucy Craymer and Renju Jose WELLINGTON (Reuters) – Higher tariffs and uncertainty about global trade policy could result in weaker-than-expected economic activity worldwide and at home, a top New Zealand central banker said on Tuesday. “At this stage, the likely impacts on inflation in New Zealand are more ambiguous, but the balance of risks …
New Zealand central banker says inflation hit from higher tariffs ‘more ambiguous’ Read More »
By William Schomberg LONDON (Reuters) – British shoppers spent more last month even as worries about the global economy grew in the run-up to U.S. President Donald Trump’s tariff increases, according to data published on Tuesday. The British Retail Consortium said sales at its member stores – mostly large retail chains – rose by 1.1% …
UK shoppers raised their spending in March in face of Trump’s tariff onslaught Read More »
By Ella Cao, Karl Plume and Ana Mano BEIJING/CHICAGO (Reuters) -Global grain merchant Archer-Daniels-Midland has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company said on Monday. The move is designed to help ADM, which has been embroiled …
ADM halting domestic trading in China, cutting jobs in Shanghai Read More »
By Oliver Griffin SAO PAULO (Reuters) – Declining vegetable oil prices are clearing the way for Brazil to increase its mandatory biodiesel blend into diesel to 15%, up from 14%, Daniel Amaral, the director of economics and regulatory affairs at oilseed industry group Abiove, said on Monday. Brazil’s national energy council decided in February to …
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Global rally fizzles as it reaches Wall Street Another tariff climb down from the Trump administration sparked a relief rally in world stocks and bonds on Monday, but smoldering growth fears and deep-rooted …
BRASILIA (Reuters) – Brazilian central bank executive director Rogerio Lucca said on Monday that unclogging the transmission channels of monetary policy is a potential challenge, highlighting that some credit lines exhibit limited sensitivity to interest rate changes. Speaking during a central bank-hosted livestream, Lucca said this is due to subsidies and earmarked credit, ultimately forcing …
Brazil central bank says ‘unclogging’ monetary policy channels is a challenge Read More »
By Fergal Smith (Reuters) -Canada’s main stock index rose on Monday to an 11-day high, with financial and real estate shares leading broad-based gains as investors grew doubtful that hefty U.S. tariffs would be implemented at the scale first proposed. Toronto Stock Exchange’s S&P/TSX Composite Index ended up 278.73 points, or 1.2%, at 23,866.53, its …
TSX moves to 11-day high as financials contribute to broad-based gains Read More »
(Reuters) – Behind the gradual and relatively small rise in the U.S. unemployment rate in recent years are a couple of less-closely followed labor market indicators that are flashing yellow for recession risk, according to research published on Monday by the Federal Reserve Bank of San Francisco. The analysis suggests a measure of hidden weakness …
BRASILIA (Reuters) -Brazil’s government raised the individual income tax exemption threshold to the equivalent of two minimum wages, updating a benefit that was in place last year to reflect this year’s increase in the minimum wage. The measure was signed by President Luiz Inacio Lula da Silva via an executive order on Monday. It will …
Brazil hikes income tax exemption to reflect higher minimum wage Read More »
