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Britain pledges 600 million pounds to tackle construction skills shortages

23 Mar 2025

LONDON (Reuters) – Britain will invest 600 million pounds ($775 million) to train construction workers and help tackle severe skills shortages that could undermine its plan to build 1.5 million homes by 2029 and boost economic growth, it said on Saturday. Housebuilding and improving British infrastructure are key parts of the Labour government’s growth strategy. …

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Brazil’s tax dividend fear helped currency drop, reflects in rebound, says Campos Neto

21 Mar 2025

(Reuters) – Brazil’s former central bank chief Roberto Campos Neto said on Friday that part of the sharp depreciation of the country’s currency late last year was driven by companies acting ahead of a dividend tax they believed would take effect in 2025. Speaking at an event hosted by XP Private Bank in Miami, he …

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TSX dips but still posts biggest weekly gain since November

21 Mar 2025

By Fergal Smith (Reuters) -Canada’s main stock index gave back some of its weekly gains on Friday, including declines for mining and industrial shares, as the focus returned to U.S. tariff uncertainty after some recent policy decisions from a number of major central banks. Toronto Stock Exchange’s S&P/TSX composite index ended down 91.75 points, or …

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Turkey’s market rout worsens amid protests, worst stock slump since 2008

21 Mar 2025

By Canan Sevgili and Ezgi Erkoyun ISTANBUL (Reuters) -Turkish stocks were set for their worst week since the aftermath of 2008’s Lehman Brothers collapse on Friday as concerns about this week’s detention of President Tayyip Erdogan’s main political rival refused to subside. The lira was set for a 4% weekly slump despite aggressive action from …

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Canada cancels controversial capital gains tax increase

21 Mar 2025

By Promit Mukherjee OTTAWA (Reuters) -Canada will cancel a proposed tax increase in the capital gains inclusion rate, Prime Minister Mark Carney’s office said on Friday, bringing an end to a tax measure that had been widely criticized by industry. The federal government will also keep the increase in the lifetime capital gains exemption limit …

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Mexico headline inflation likely down in first half of March: Reuters poll

21 Mar 2025

MEXICO CITY (Reuters) – Mexico’s annual inflation likely slowed in the first half of March, according to a Reuters poll, supporting bets that the central bank will lower its benchmark interest rate again next week by half a percentage point. The median estimate from 10 participants forecast an annual rate of 3.76% for the general …

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Ireland faces disproportionate hit from tit-for-tat Trump tariffs, study says

21 Mar 2025

By Padraic Halpin DUBLIN (Reuters) -Ireland’s domestic economy could be up to 1.8% smaller than it otherwise would be by 2032 if permanent ‘tit-for-tat’ tariffs are introduced between the United States and European Union, a study co-authored by the finance ministry showed on Friday. Describing the trade measures already announced by U.S. President Donald Trump’s …

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Colombia incoming finance minister says will continue to tackle debt, tax collection

21 Mar 2025

BOGOTA (Reuters) – Colombia’s incoming finance minister German Avila said on Friday that under his term the country would continue to pay back its pubic debt and look to improve tax collection in order to address the government’s tight fiscal situation. Avila is set to replace former minister Diego Guevara, who resigned earlier this week …

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Canada’s January retail sales shrink by 0.6%, February sales likely to fall 0.4%

21 Mar 2025

By Promit Mukherjee OTTAWA (Reuters) -Canada’s retail sales shrank faster than anticipated in January as car purchases and supermarket and grocery sales all fell, data showed on Friday. Sales dropped 0.6% on a monthly basis to C$69.4 billion ($48.31 billion), after rising by an upwardly revised 2.6% in December, Statistics Canada said. In volume terms, …

Canada’s January retail sales shrink by 0.6%, February sales likely to fall 0.4% Read More »

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