Reuters US Economy

By Roberto Samora and Rodrigo Viga SAO PAULO/RIO DE JANEIRO (Reuters) – Brazil is set to face inflationary pressure from rising corn prices, which could overshadow a sharp drop in rice, as President Luiz Inacio Lula da Silva’s administration struggles to contain public discontent over high food inflation. Corn prices in the Campinas region have …

Brazil faces inflation risks as surging corn prices eclipse rice plunge Read More »

By Luciana Magalhaes SAO PAULO (Reuters) – Brazilian bank Itau Unibanco on Tuesday filed a new lawsuit against its former chief financial officer, seeking reimbursement for legal reports it claims to have paid for but never received. Alexsandro Broedel Lopes, who left Itau last year, is tapped to be head of accounting at Banco Santander …

Brazil´s Itau files new lawsuit against former CFO Read More »

By Ana Mano SAO PAULO (Reuters) – The Brazilian government on Tuesday confirmed a Japanese mission will visit the South American country to inspect its slaughterhouses, it said in a statement. After a meeting involving the agriculture ministers of both countries, Brazil said “this step is essential for opening the Japanese market to Brazilian beef” …

Brazil government confirms Japanese mission to inspect slaughterhouses Read More »

BEIJING (Reuters) – China Construction Bank, one of the country’s biggest commercial lenders, said on Tuesday that it would aim to provide no less than 8 trillion yuan ($1.10 trillion) in financing for the private economy by the end of 2027. ($1 = 7.2575 Chinese yuan renminbi) (Reporting by Beijing Newsroom, Editing by Louise Heavens)

BRASILIA (Reuters) – Brazil Planning Minister Simone Tebet said on Tuesday that she believes that conditions should be in place for the central bank to deliver interest-rate cuts in the second half of the year, even if the move is small. “Depending on foreign policy, which we do not control, I have the impression that …

Brazil planning minister sees room for rate cuts in second half of year Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The recent drop in U.S. yields has raised speculation that a wave of buying of Treasury securities and derivative products called interest rate swaps by mortgage portfolio managers and insurance companies was partly responsible for their decline. These purchases are for “convexity” buying that helps offset the effects of …

US bond investors weigh ‘convexity’ risk in recent Treasury yield decline Read More »