By William Schomberg LONDON (Reuters) – The Bank of England looks set to keep interest rates on hold on Thursday as it awaits the impact on the economy of U.S. President Donald Trump’s trade tariff onslaught and of the British government’s imminent tax hike for employers. With UK inflation stuck firmly above its 2% target, …
Bank of England set to sit tight on rates as uncertainty mounts Read More »
By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank raised interest rates by 100 basis points on Wednesday for the third consecutive time, sticking to previous guidance, and signaled a smaller rate hike at its next policy meeting as it monitors signs of an economic slowdown. The bank’s rate-setting committee, known as Copom, lifted the …
Brazil raises interest rates 100 bps, sees smaller hike ahead Read More »
By Fergal Smith (Reuters) -Canada’s main stock index rose to a near three-week high on Wednesday as energy and technology shares led a broad-based rally after the Federal Reserve was less hawkish than some investors had feared. The Toronto Stock Exchange’s S&P/TSX composite index ended up 363.14 points, or 1.47%, at 25,069.21, its highest closing …
TSX posts biggest gain in 7 months after Fed rate decision Read More »
(Reuters) – The Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year in the context of slowing economic growth and, eventually, a downturn in inflation. Taking stock of the Trump administration’s …
Instant View: Fed doesn’t change rates, will slow pace of balance sheet reduction Read More »
BUENOS AIRES (Reuters) – Argentina’s economy shrank 1.7% in 2024 compared with the prior year, but expanded for the second consecutive time in quarterly terms in the last three months of the year, the country’s statistics agency said on Wednesday. Argentina’s gross domestic product (GDP) however expanded 1.4% in the fourth quarter compared to the …
Argentina’s 2024 economy shrinks 1.7% despite late-year rebound Read More »
By Karin Strohecker and Rodrigo Campos LONDON/NEW YORK (Reuters) -Ukraine’s international government bonds pared steep losses on Wednesday after a “positive” call between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump followed accusations between Russia and Ukraine of launching air attacks. Longer-dated maturities suffered the biggest declines, with the 2036 issue down 2.08 cents …
Ukraine bonds slide after air attack accusations with Russia Read More »
By Marc Jones LONDON (Reuters) – Two years of hard work to build international investor confidence in Turkey’s economic turnaround story has been dealt a major setback by a long-feared detention of President Tayyip Erdogan’s main political rival. Turkey’s bonds and stock market have become a big draw for global money managers recently, as the …
Analysis-Turkey’s market turnaround stumbles as Erdogan rival detained Read More »
PANAMA CITY (Reuters) – Panama’s gross domestic product grew 2.9% in 2024, significantly slowing from the previous year’s 7.4% expansion, as air transport declined and a major copper mine closed, official data showed on Wednesday. In the last decade, Panama was one of the world’s fastest-growing economies, but authorities had predicted a decline in growth, …
Panama’s economic growth slows to 2.9% in 2024 after key mine closure Read More »
MOSCOW (Reuters) – Russia’s weekly inflation, an important gauge closely watched by the central bank, slowed to the lowest level since the start of the year, according to statistical data released on Wednesday ahead of the regulator’s rate-setting meeting on March 21. The data showed the Consumer Price Index (CPI) rose 0.06% in the week …
Russian weekly inflation at lowest level since start of the year Read More »
SAO PAULO (Reuters) – Brazil’s government on Wednesday kept its economic growth forecast for this year unchanged at 2.3%, while slightly increasing its inflation estimate due to “marginal changes” to its base case scenario. The finance ministry’s economic policy secretariat said in a report that gross domestic product growth in Latin America’s largest economy tends …
Brazil’s government maintains 2025 GDP forecast, sees higher inflation Read More »
