Reuters US Economy

VanEck returns to China with new private fund unit after aborting mutual fund plan

28 Mar 2025

By Selena Li HONG KONG (Reuters) -American investment manager VanEck has established a private fund unit in China, returning to the onshore market as Beijing vows to shore up confidence of foreign enterprises doing business in the world’s second-largest economy. The U.S. firm won approval on Wednesday to launch a private fund in China via …

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RBA to hold rates steady in April, but cut again in May: Reuters poll

28 Mar 2025

By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia will keep its cash rate unchanged on Tuesday as it waits for concrete signs of easing inflation, according to a Reuters poll of economists, who mostly still expect two rate cuts this year with the next likely in May. The RBA delivered its first …

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New Zealand consumer confidence dips in March, survey shows

27 Mar 2025

SYDNEY (Reuters) – Consumer confidence in New Zealand dipped in March, with declines seen across nearly all sectors as consumers remained cautious on spending, ANZ-Roy Morgan data showed on Friday. “The economy is improving under the hood, but we’re at the very early stage where it doesn’t feel like it,” ANZ Chief Economist Sharon Zollner …

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Argentina economic activity grows at fastest pace since 2022

27 Mar 2025

BUENOS AIRES (Reuters) -Argentina’s economic activity increased 6.5% in January compared with the same month last year, its highest year-on-year growth since mid-2022, official data showed on Thursday. The economy of the Latin American country registered its third consecutive month of growth, accelerating its growing pace compared with a revised 6% year-on-year expansion in December, …

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TSX ends flat as auto tariffs deter investor moves

27 Mar 2025

By Fergal Smith (Reuters) -Canada’s main stock index steadied on Thursday as an expanding global trade war discouraged investors from making new bets on the market, with gains for gold miners offsetting losses for auto parts and technology shares. Toronto Stock Exchange’s S&P/TSX composite index ended unchanged at 25,161.06, after posting on Wednesday its biggest …

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Bank of Mexico cuts interest rate as trade war stokes recession fears

27 Mar 2025

By Brendan O’Boyle MEXICO CITY (Reuters) -The Bank of Mexico delivered a unanimous 50-basis-point interest rate cut to 9.00% on Thursday, highlighting progress on inflation but warning of heightened uncertainty relating to trade tensions and a weakening economy. The move, which was expected by analysts polled by Reuters, brings Mexico’s benchmark rate to its lowest …

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De-dollarisation could speed up with US isolationist policies, analysts say

27 Mar 2025

By Stefania Spezzati LONDON (Reuters) – If the Federal Reserve, a bedrock of global financial stability, were to withhold dollar funding to allies during times of stress, the world could greatly reduce its reliance on the currency, creating “a doubled-edged sword” for the U.S., Deutsche Bank analysts said. Reuters reported on Saturday that some European …

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Brazil’s central bank signals need for higher rates for longer

27 Mar 2025

By Marcela Ayres BRASILIA (Reuters) -The Brazilian central bank’s economic policy director Diogo Guillen said on Thursday that when inflation expectations are unanchored, as they are now, interest rates need to be higher for longer. Guillen and central bank chief Gabriel Galipolo both stressed that the bank’s next policy steps depend on data, during a …

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Argentina targets $20 billion IMF deal to bolster markets, FX

27 Mar 2025

By Lucila Sigal BUENOS AIRES (Reuters) – Argentina is targeting a $20 billion deal with the International Monetary Fund, Economy Minister Luis Caputo said on Thursday, formally putting a figure on the long-mooted program for the first time as he looks to calm local market jitters. The South American grains-producing nation, which has been battling …

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Argentina’s Milei signals ‘no room’ for FX devaluation

27 Mar 2025

BUENOS AIRES (Reuters) – Argentina’s libertarian President Javier Milei said on Thursday that there was “no room” for a sharp devaluation of the local peso, addressing investor fears about a potential weakening of the currency that has driven a renewed flight to dollars. The country, which is in advanced talks with the International Monetary Fund …

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