Reuters US Economy Archives - Page 206 of 866

Mexico’s finance minister to ask banks to lower interest rates, president says

14 Apr 2025 14 Apr 2025

MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum said on Monday that she had instructed Finance Minister Edgar Amador to speak with banks so they can lower interest rates for both commercial and development loans. Sheinbaum said that banks should follow the central bank, known as Banxico, in cutting rates as it was still expensive …

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Bullish trade in Apple options reaps gains as shares jump on tariff exemption

14 Apr 2025 14 Apr 2025

By Saqib Iqbal Ahmed NEW YORK (Reuters) – An unidentified options trader’s multi-million dollar bet on a short-term rebound in Apple Inc.’s shares was set to reap a sizable profit as the iPhone-maker’s shares soared on Monday following the Trump administration’s weekend move to grant tariff exclusions for smartphones. On Monday, Apple shares rose as …

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Chinese gold ETFs April inflows surpass first quarter total, WGC says

14 Apr 2025 14 Apr 2025

LONDON (Reuters) – Investment flows into Chinese physically backed gold exchange-traded funds so far this month have exceeded those for the whole of the first quarter and overtaken inflows registered by U.S.-listed funds, World Gold Council data showed. Gold ETFs in China increased by 29.1 metric tons in the first eleven days of April, John …

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Ivory Coast cocoa farmers warn of mid-crop supply shortages due to dry weather

14 Apr 2025 14 Apr 2025

ABIDJAN (Reuters) – Cocoa farmers in the world’s top-producing country Ivory Coast warn insufficient rainfall could hurt both the quality and size of the April-to-September mid-crop. Farmers said they feared that beans maturing in time for next month’s market would be small and poor quality compared to last year and warned of a shortage of …

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South Africa’s rand gains on report ANC may scrap VAT hike

14 Apr 2025 14 Apr 2025

JOHANNESBURG (Reuters) -The South African rand firmed on Monday, boosted by a news report that the country’s biggest political party may back down on a plan to raise value-added tax (VAT) and dollar weakness on global markets. At 1404 GMT, the rand traded at 18.89 against the dollar, about 1.4% firmer than Friday’s closing level. …

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Brazil economy set to decelerate in second half of 2025 on high interest rates, trade worries: Reuters Poll

14 Apr 2025 14 Apr 2025

By Gabriel Burin (Reuters) – Brazil’s economic growth is expected to slow down in the second half of 2025, encumbered by high interest rates and worries about the U.S.-led global trade shake-up, a Reuters poll found. The slowdown would follow a good first half owing to a resurgence in the farm sector and could prompt the …

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World Bank announces $12 billion support package for Argentina

14 Apr 2025 14 Apr 2025

(Repeats story issued on April 11 with no changes to text.) (Reuters) – The World Bank on Friday announced a $12 billion support package for Argentina to support economic reforms and boost government measures to promote job creation. The support package for Argentina signals “a strong vote of confidence in the government’s efforts to stabilize …

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UK property asking prices up 1.3% on year, Rightmove says

14 Apr 2025 14 Apr 2025

By David Milliken LONDON (Reuters) – Asking prices for housing on sale in Britain this month are 1.3% higher than a year earlier, despite the end of a tax break, pushing the average price above a previous record set in May 2024, property website Rightmove said on Monday. The average price for houses and apartments …

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Argentina’s peso: where’s the currency headed after FX regime overhaul?

14 Apr 2025 14 Apr 2025

By Jorge Otaola BUENOS AIRES (Reuters) – The question on every trader’s lips in Argentina: How much will the peso be worth on Monday morning? The long-suffering currency will start on a new exchange rate regime on Monday after the government dismantled large parts of the country’s years-long capital controls, putting the peso on a …

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Malaysia asset manager Permodalan Nasional says US, China will remain important

14 Apr 2025 14 Apr 2025

By Yantoultra Ngui SINGAPORE (Reuters) – Malaysia’s largest asset manager, Permodalan Nasional Bhd (PNB), said on Monday that United States and China assets will remain an important part of its portfolio, amid volatile global markets triggered by tariffs. “The U.S and China are the largest economies in the world and their assets will remain an …

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