By Fergal Smith (Reuters) -Canada’s main stock index rose on Friday as higher commodity prices boosted resource shares and investors weighed the potential for recent financial market volatility brought on by a global trade war to subside. Toronto Stock Exchange’s S&P/TSX Composite Index ended up 572.93 points, or 2.5%, at 23,587.80. For the week, the …
Resource shares help lift Toronto stock market to weekly gain Read More »
By Chibuike Oguh and Lucy Raitano NEW YORK/LONDON (Reuters) -The dollar continued to slide against major currencies on Friday as the back-and-forth over import tariffs shook investor confidence in the safety of the greenback, sending it to its lowest level in a decade against the Swiss franc and a three-year low versus the euro. China …
Dollar slides with investor confidence shaken in safety of US assets Read More »
BRASILIA (Reuters) – The member nations of the South American Mercosur trade bloc said in a joint statement on Friday they have agreed to temporarily extend exemptions to the bloc’s common external tariff, citing a “challenging international environment”. (Reporting by Lisandra Paraguassu; Writing by Andre Romani; Editing by Anthony Esposito)
By Marco Aquino and Natalia Siniawski LIMA (Reuters) -Newly implemented U.S. tariffs will have a moderate impact on Peru’s economy, the chief economist of the Andean nation’s central bank said on Friday. Peru, a major exporter of metals and agricultural commodities to the United States, now faces 10% tariffs on around 70% of its exports …
Peru economy to face moderate impact from US tariffs, central bank says Read More »
WASHINGTON (Reuters) – The International Monetary Fund said on Friday it had reached a staff-level agreement with Honduras that would result in the disbursement of around $155 million should the board approve the review in June. The IMF agreement followed a review of its Extended Credit Facility and Extended Fund Facility with the Central American …
IMF staff-level agreement with Honduras set to unlock around $155 million Read More »
BRASILIA (Reuters) -Brazil’s monthly inflation slowed in March as expected but the 12-month reading remained under pressure due to rising food prices, official data showed on Friday, adding to a tough outlook for a central bank that has been hiking interest rates aggressively since September. Consumer prices measured by the benchmark IPCA index rose 0.56% …
Brazil 12-month inflation drifts away from target, pressuring central bank Read More »
BRASILIA (Reuters) – Brazil’s economic activity rose more than expected in February, central bank data showed on Friday, despite expectations for a slowdown during one of the world’s most aggressive monetary tightening cycles to tame inflation. The IBC-Br index, a key gauge of gross domestic product (GDP), grew 0.4% from January on a seasonally adjusted …
Brazil economic activity beats forecasts in February, defies slowdown expectations Read More »
NEW DELHI (Reuters) -India’s industrial output in February was its weakest since August 2024, hurt by slowing manufacturing and mining sector growth, government data released on Friday showed. Industrial output grew 2.9% year-on-year in February, missing the 4% growth expected by economists polled by Reuters. Industrial output declined 0.1% in August. The growth rate was …
India’s industrial output at 6-month low in February Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets It’s Friday, so today I’ll provide a quick overview of what’s happening in global markets and then offer you some weekend reading suggestions away from the headlines. Today’s Market Minute * The …
Morning Bid: Capital flight fears sink dollar – Mike Dolan Read More »
(Reuters) – The global trade war might have been reduced to a battle between Beijing and Washington for now, but a bruising week for markets has left policymakers at the ECB and in emerging economies facing a very different backdrop when they meet in days to come. Also ahead is a raft of Chinese data …
