By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -Uncertainty over the impact of U.S. tariffs means the Bank of Canada could give a range of economic estimates rather than a single forecast when it presents projections next month, Governor Tiff Macklem said on Thursday. The central bank is due to issue its quarterly monetary policy …
Bank of Canada could change tack, give range of projections Read More »
By Maximilian Heath BUENOS AIRES (Reuters) -Argentine oilseed workers lifted a strike and returned to work at soybean processing plants belonging to conglomerate Vicentin after the firm scheduled payments for overdue wages, union SOEA said on Thursday. The union had initiated the strike last week at Vicentin’s plants, temporarily disrupting soy processing in Argentina, the …
Argentine oilseed workers return to work after payments promised on overdue wages Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil prices rose on Thursday after the United States issued new Iran-related sanctions and renewed tensions in the Middle East countered strength in the dollar. Brent crude futures settled up $1.22, or 1.72%, at $72 a barrel. The U.S. West Texas Intermediate crude (WTI) contract for April expired on Thursday, …
Oil prices settle $1 higher after US issues new Iran-related sanctions Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Trump administration’s initial policies, including extensive import tariffs, appear to have tilted the U.S. economy toward slower growth and at least temporarily higher inflation, Federal Reserve Chair Jerome Powell said on Wednesday, drawing the ire of President Donald Trump. Trump posted late on Wednesday on …
By Nikhil Sharma and Purvi Agarwal (Reuters) -European shares closed lower on Thursday, after four sessions of gains, as investors booked some profits and assessed interest rate decisions by major central banks across the continent. The pan-European STOXX 600 closed 0.4% lower. Investors digested decisions from the Bank of England and Sweden’s Riksbank, as they …
By Xiuhao Chen and Ryan Woo BEIJING (Reuters) – Iron ore miner Vale, a Chinese commercial partner since the 1970s, is welcome, along with other Brazilian firms, to further expand economic links with China, its commerce ministry said on Wednesday. The comments came as chief executives of foreign firms gathered in Beijing this week for …
China seeks foreign capital old and new to bolster changing economy Read More »
By Oliver Griffin SAO PAULO (Reuters) – Four Brazilian organizations on Thursday launched a fund aiming to raise 1 billion reais ($176 million) by 2030 for loans to small cocoa growers in the South American country to assist in expanding their operations. The Kawa fund, launched by the philanthropic Arapyau Institute, investment platform Violet, advocacy …
Brazilian fund raising $176 million for loans to small cocoa producers Read More »
PRETORIA (Reuters) – Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago at a news conference to announce the central bank’s latest interest rate decision. INFLATION “While inflation is still in the bottom half of our target range, it has edged higher over the past few months.” “We continue to see low …
South African central bank governor’s comments on rate decision Read More »
By Vera Eckert FRANKFURT (Reuters) – Container shipping firm Hapag-Lloyd said on Thursday net profit fell nearly 19% in 2024 and is expected to decline further this year, with U.S. tariffs and Houthi militant attacks on shipping in the Red Sea clouding the outlook. The world’s fifth biggest container liner said President Donald Trump’s tariff …
Hapag-Lloyd sees earnings falling further this year as US tariffs, Suez weigh Read More »
By Simon Johnson STOCKHOLM (Reuters) -Sweden’s central bank kept its policy rate unchanged at 2.25% as expected on Thursday, predicting rates would remain steady in the near term, but said it was ready to act should global economic developments threaten to increase inflationary risks. The Riksbank has cut its key rate six times since spring …
Sweden’s Riksbank holds rate but is ready to act, highlights global risks Read More »
