MEXICO CITY (Reuters) -Mexico’s government sees its economy growing between 1.5% and 2.3% this year, down from a prior estimate of 2.0% to 3.0%, a draft budget from the country’s finance ministry showed on Tuesday. The growth forecast, which the finance ministry called conservative, is rosier than estimates by the private sector and Mexico’s central …
Mexico lowers 2025 growth forecast to still rosy 1.5%-2.3% Read More »
SYDNEY (Reuters) – Australia’s central bank on Wednesday said it would increase the rate at which it lends to financial institutions in regular money market operations, a technical change that had no implications for monetary policy. In a speech at a debt conference, Reserve Bank of Australia Assistant Governor Christopher Kent said it will increase …
Australia central bank makes changes to money market operations Read More »
By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Tuesday said while the “hard” data show the underlying U.S. economy is solid, the labor market strong, and inflation down from its peak in 2022, the imposition of a broad new set of tariffs under President Donald Trump could lead to renewed inflation …
Fed’s Goolsbee: Hard data shows economy is solid, but there is fear around tariffs Read More »
By Fergal Smith (Reuters) -Canada’s main stock index rose on Tuesday, helped by gains for energy and technology shares, but the move was limited ahead of U.S. President Donald Trump’s planned unveiling of sweeping new trade tariffs. Toronto Stock Exchange’s S&P/TSX composite index ended up 115.78 points, or 0.5%, at 25,033.28 points, adding to Monday’s …
TSX gains for second day ahead of U.S. tariff unveiling Read More »
LIMA (Reuters) – Peru’s consumer prices rose in March for the second month in a row, but registered an annual slowdown, data published on Tuesday by national statistics agency INEI showed. Consumer prices increased by 0.81% in March, after a 0.19% rise in February. Annual inflation fell to 1.28% in March, well below the mid-range …
Peru consumer prices up in March for second month in a row Read More »
By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity contracted at a steeper rate in March as a widening global trade war triggered the sharpest decline in new orders since shortly after the start of the COVID-19 crisis. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) fell to 46.3 from 47.8 in February, touching …
Canadian factory PMI hits 15-month low on expanding trade war Read More »
SEOUL (Reuters) -South Korea’s financial market watchdog said on Tuesday that Hanwha Aerospace needed to better explain how a proposed 3.6 trillion won ($2.46 billion) equity raising fits with a broader plan to restructure the company. The Financial Supervisory Service (FSS) last week blocked the defence company’s controversial capital raising plans on the grounds its …
South Korea watchdog questions purpose of Hanwha Aerospace’s $2.5 billion share issue Read More »
By Medha Singh, Sukriti Gupta and Lisa Pauline Mattackal (Reuters) -European shares rebounded on Tuesday from a two-month low touched in the previous session, while the market braced for an impending April 2 deadline for U.S. reciprocal tariffs. Barring a slight decline in the media sector, all major European sectors advanced, led by gains in …
European shares recover ground as markets brace for US tariff deadline Read More »
LONDON (Reuters) – The London Metal Exchange (LME) has taken disciplinary action against Access World Vlissingen B.V., which agreed to pay a financial penalty of 60,000 pounds ($77,328), in relation to breaches of the LME’s warehouse agreement rules dating back to 2022. During the investigation, Access World told the LME that the incidents were caused …
LME fines Access World $77,000 in disciplinary action Read More »
By Gabriel Burin BUENOS AIRES (Reuters) – The Mexican peso is set to trade relatively stable in coming months even as U.S. President Donald Trump escalates his use of tariffs, including a fresh barrage to be announced on Wednesday, a Reuters poll showed. After collapsing nearly 23% in 2024, the peso is up 1.8% year-to-date, …
Mexican peso to trade stable in coming months as U.S. escalates tariffs: Reuters poll Read More »
