Reuters US Economy Archives - Page 207 of 866

Goldman Sachs cuts Europe’s STOXX 600 forecast for second time this month

14 Apr 2025 14 Apr 2025

(Reuters) – Goldman Sachs cut its 12-month forecast for Europe’s STOXX 600 index for the second time this month and said it “anticipated more downgrades,” cautioning that U.S. tariffs and a stronger euro could hurt corporate Europe’s earnings. The Wall Street brokerage trimmed its forecast for the index to 520 from 570, saying that consensus …

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Philippines, preparing for U.S talks, says less vulnerable to trade shocks

14 Apr 2025 14 Apr 2025

MANILA (Reuters) -A Philippine delegation will travel to the United States next month to discuss threatened tariffs on Filipino exports, while a minister said the country’s smaller trade sector makes it less vulnerable than Asian neighbours to global economic shocks. Special Assistant to the President for Investment and Economic Affairs Frederick Go will lead the …

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China March rare earth exports jump as Myanmar supply disruption keeps buyers nervous

14 Apr 2025 14 Apr 2025

By Amy Lv and Lewis Jackson BEIJING (Reuters) -China’s exports of rare earths jumped 20.31% in March from a year earlier as overseas consumers booked more cargoes, fearing prices could rise further due to supply disruptions from the ongoing conflict in major supplier Myanmar. China’s exports of the group of 17 minerals stood at 5,666.3 …

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China’s Q1 GDP growth set to slow to 5.1%, as Trump 2.0 raises heat on policymakers

14 Apr 2025 14 Apr 2025

By Kevin Yao BEIJING (Reuters) -China’s economy likely slowed down in the first quarter while 2025 growth is expected to lag last year’s pace, a Reuters poll showed, ramping up pressure for more stimulus as surging U.S. tariffs threaten to deal a damaging blow to the Asian giant. The world’s second-largest economy, which got off …

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S&P upgrades Italy in surprise boost for PM Meloni

12 Apr 2025 12 Apr 2025

By Gavin Jones ROME (Reuters) -Credit ratings agency S&P Global upgraded Italy on Friday in a surprise move just days after Rome halved its economic growth forecast amid global market turmoil and said its huge public debt would rise this year and next. S&P Global raised Italy’s sovereign debt rating to BBB+ from BBB, citing …

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Taiwan extends short-selling curbs after U.S. tariffs bring market turmoil

12 Apr 2025 12 Apr 2025

TAIPEI (Reuters) – Taiwan’s top financial regulator said on Saturday it would extend temporary curbs on short-selling for another week to ensure market stability after U.S. tariffs unleashed turmoil, adding that the restrictions had been helpful. The stock market in Taiwan seesawed this week, plummeting on the tariff news before rebounding strongly after U.S. President …

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Argentina and the IMF: a troubled history

12 Apr 2025 12 Apr 2025

By Lucinda Elliott (Reuters) – In December 1958, Argentina, battling inflation and weak reserves, agreed a $75-million loan with the International Monetary Fund, its first deal with the Washington-based lender in a record 23 programs totalling $177 billion in agreed funds. On Friday, Argentina got the green light from the IMF board for a new …

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What economists say about Argentina’s FX reforms and IMF deal

12 Apr 2025 12 Apr 2025

By Lucila Sigal and Eliana Raszewski BUENOS AIRES (Reuters) -Argentina’s central bank has announced a major overhaul to the country’s exchange rate policy, unleashing the peso and dismantling its years-long controls on the currency as the country reached a $20 billion IMF deal. The central bank announced that it will undo a fixed currency peg …

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IMF approves $20 billion extended fund facility arrangement for Argentina

12 Apr 2025 12 Apr 2025

(Reuters) – The International Monetary Fund’s board approved a 48-month, $20 billion extended fund facility arrangement for Argentina and the immediate disbursement of $12 billion, the fund said on Friday. Argentina needs the cash to unlock capital controls and bolster its foreign currency reserves. The approved Extended Fund Facility is Argentina’s 23rd program with the IMF, …

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Wall St ends whipsaw week sharply higher as Fed comments soothe market

12 Apr 2025 12 Apr 2025

By Stephen Culp NEW YORK (Reuters) -Wall Street posted solid gains on Friday as big banks kicked off first-quarter earnings season and investors closed the book on a turbulent week of wild swings driven by the chaos of U.S. President Donald Trump’s multi-front trade war. All three major U.S. indexes ended the session sharply higher …

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