SAO PAULO (Reuters) – Brazil’s services sector grew more than expected in February, according to data from statistics agency IBGE on Thursday, after showing signs in the prior three months of cooling amid tight monetary policy. Services sector activity, the main driver of Latin America’s largest economy, was up 0.8% in February from the previous …
Brazil’s services activity growth beats expectations in February Read More »
By Maria Martinez, Friederike Heine and Ludwig Burger BERLIN (Reuters) -German economic institutes on Thursday cut their growth forecast for this year to 0.1% from the 0.8% expected in September, taking into consideration initial U.S. tariffs on steel, aluminium and cars, and confirming an earlier Reuters report. Exports-dependent Germany is the only G7 economy that …
German economy to stagnate even if Trump scraps ‘reciprocal’ tariffs, say forecasters Read More »
By Gabriel Burin (Reuters) – The rising trend of Brazil’s consumer prices likely slowed in March from February due to a moderation in energy costs, but food inflation probably remained high, a Reuters poll of economists found. Official data to be released on Friday are expected to show consumer prices increased 0.56% last month vs. …
Brazil consumer prices forecast to have slowed in March versus February: Reuters Poll Read More »
(Reuters) -Traders on Thursday bet the U.S. Federal Reserve will resume cutting interest rates in June and probably deliver a full percentage point of reductions to its policy rate by the end of the year. after data showed inflation last month was softer than economists had expected. Before the data, which showed consumer prices rose …
Traders add to bets on Fed rate cuts after soft inflation data Read More »
By Antonella Cinelli ROME (Reuters) -Italian industrial output fell 0.9% in February from the month before, broadly in line with market expectations, data showed on Thursday, offering no sign of a pick-up for the country’s struggling economy. A Reuters survey of 11 analysts had pointed to a 1.0% decline. National statistics agency ISTAT also said …
Italy industry output falls in February as economy struggles Read More »
SINGAPORE/LONDON (Reuters) – The cost of insuring against sovereign and corporate defaults on European and Asian debt fell on Thursday as investors breathed a sigh of relief at a pause on some of the heaviest U.S. tariffs. U.S. President Donald Trump on Wednesday stunned markets with an abrupt decision to introduce a 90-day pause on …
Global credit default spreads narrow as markets rally Read More »
By Lucy Craymer, Alasdair Pal and Christine Chen WELLINGTON/SYDNEY (Reuters) – New Zealand and Australia said on Thursday they are each working with other nations on a possible joint response to shore up free trade against a barrage of U.S. tariffs. Prime Minister Christopher Luxon of New Zealand said he had spoken with the leaders …
BANGKOK (Reuters) – Thai consumer confidence dropped for a second straight month in March to hit its lowest level in five months due to higher living costs, sluggish economic growth and concern over U.S. trade tariffs, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce fell to …
Thai consumer confidence hits 5-month low in March on tariff concerns Read More »
By Daina Beth Solomon SANTIAGO (Reuters) -Peru’s copper output is expected to grow between 2% and 4% this year, said the head of The National Society of Mining, Oil and Energy (SNMPE), Julia Torreblanca. That would put Peru’s copper production between 2.79 million and 2.85 million metric tons, compared to 2.74 million tons last year. …
Peru mining chamber sees copper output up 2-4% this year Read More »
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday abruptly paused part of his tariff assault on global trading partners, dialing back duty rates on goods from many countries for 90 days to allow room to negotiate lower trade barriers, even as he hiked new tariffs on Chinese goods to 125%. The move, following a …
