BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Tuesday now is not the time for Latin America’s largest economy to announce any measures in response to trade tariffs imposed by the U.S. “The moment is not one for announcing measures,” he said at an event hosted by Bradesco BBI. Haddad said the tit-for-tat …
Brazil sees no need to announce tariff measures for now, minister says Read More »
By Adam Jourdan BUENOS AIRES (Reuters) – China is on a crash course with the United States over a major Chinese currency swap deal with Argentina that has buffered the South American country’s depleted foreign reserve levels even as it seeks a new deal with the Washington-based IMF. In a talk at Miami Dade College …
China, US clash over major Argentina currency swap line Read More »
BUENOS AIRES (Reuters) – The board of the International Monetary Fund (IMF) could discuss a pending loan deal with Argentina in a Friday meeting, local newspaper La Nacion reported on Tuesday, citing diplomatic sources. Argentina desperately needs the $20 billion deal to unlock investment-blocking capital controls, bolster depleted foreign reserves and come out of a …
IMF board could discuss Argentina deal on Friday, La Nacion reports Read More »
PARIS (Reuters) – France’s economy fared marginally better than expected in the first quarter but business in the industrial sector is set to ease in the face of new U.S. tariffs, the central bank said on Tuesday in its monthly economic outlook. The euro zone’s second-biggest economy likely grew 0.2% in the first three months …
French central bank nudges up first quarter growth forecast to 0.2% Read More »
By David French NEW YORK (Reuters) – Solomon Partners has hired Tannon Krumpelman as a partner in its financial services unit, as the boutique advisory firm seeks to win more business from advising on deals involving companies in the financial services industry. New York-based Solomon, which has a strategic partnership with French financial firm Natixis, …
Solomon Partners hires Evercore’s Krumpelman to bolster financial services dealmaking Read More »
By Sukriti Gupta, Medha Singh and Lisa Pauline Mattackal (Reuters) -European shares rose from 14-month lows on Tuesday, after four straight sessions of heavy selling, although investors continued to closely watch developments as countries responded to sweeping U.S. tariffs. The pan-European STOXX 600 was up 2.7% after slumping over 12% in the past four sessions. …
European shares notch best session since Nov. 2022 after tariff-sparked pullback Read More »
BRASILIA (Reuters) – Brazilians are wagering up to 30 billion reais ($5.1 billion) per month on online betting, Brazilian central bank executive director Rogerio Lucca told lawmakers on Tuesday, revising a previous estimate of 20 billion reais made last year. Also speaking at a congressional inquiry into the sector, central bank governor Gabriel Galipolo said …
Brazilians wager up to $5.1 billion a month on online betting, central bank says Read More »
By Rene Wagner and Christian Kraemer BERLIN (Reuters) – German economic institutes have cut their forecast for this year to 0.1% growth from the 0.8% growth expected in September, two sources told Reuters on Tuesday, adding that the revision does not include yet the latest tariffs announced by the United States. Germany was the only …
German economic institutes cut forecast for 2025 to 0.1% growth, sources say Read More »
By Darya Korsunskaya MOSCOW (Reuters) – The Russian economy has slowed sharply in recent months, according to the latest economic data, and may be at further risk if a fall in oil prices and global market turmoil persist. Russia’s growth, fuelled by spending on the three-year-old war in Ukraine, exceeded 4% in the past two …
Russian economy slows sharply, with more turmoil on horizon Read More »
SANTIAGO (Reuters) – Consumer prices in Chile rose 0.5% in March from the previous month, data from statistics agency INE showed on Tuesday, in line with market expectations in a Reuters poll of economists. Annual inflation in the world’s largest copper producer hit 4.9%, INE added, accelerating from the 4.7% registered the previous month and …
Chile’s inflation picks back up in March, led by food and education Read More »
