(Reuters) -ANZ raised its zero to 3-month gold price forecast to $3,100 per ounce and 6-month forecast to $3,200 per ounce, according to a research note on Tuesday. Gold prices surpassed the significant $3,000 mark on Tuesday for the second time, setting a new high, as investors sought cover from economic concerns fuelled by U.S. …
ANZ raises 6-month gold forecast to $3,200 per ounce Read More »
BEIJING (Reuters) – HSBC on Tuesday upgraded its forecast for China’s 2025 GDP growth to 4.8% from 4.5%. The bank also revised up its forecast for China’s growth in 2026 to 4.5% from 4.4%. (Reporting by Beijing newsroom; Editing by Jacqueline Wong)
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) -Brazil’s government will propose a 10% tax on corporate profits and dividends sent abroad to help offset revenue lost from an expanded tax exemption for individuals with lower incomes, two sources with knowledge of the matter said on Monday. The measure would deal a blow to multinationals …
Exclusive-Brazil to tax overseas profits, high incomes to offset bigger tax exemption Read More »
By Alasdair Pal SYDNEY (Reuters) – Australia’s central bank said on Tuesday it remained more cautious than the market about the prospects for further policy easing, after it cut interest rates for the first time in over four years last month. The Reserve Bank of Australia (RBA) cut interest rates by a quarter-point to 4.1% …
Australia’s central bank still more cautious than market on prospect of more rate cuts Read More »
BRASILIA (Reuters) -Brazil’s finance minister said on Monday he believes the country’s income tax exemption proposal will not cost the government as much as initially forecast. Minister Fernando Haddad told journalists in Brasilia on Monday that the projected cost of President Luiz Inacio Lula da Silva’s proposal is 27 billion reais ($4.75 billion) per year, …
By Fergal Smith (Reuters) -Canada’s main stock index rallied for a second straight day on Monday as some investors took the view that the recent selloff in the market was a buying opportunity, with energy and metal mining shares leading broad-based gains. The Toronto Stock Exchange’s S&P/TSX composite index ended up 231.71 points, or 0.9%, …
TSX extends recovery as resource shares lead broad-based gains Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar hovered near a five-month low against the euro on Monday as worries about the economic fallout from U.S. President Donald Trump’s protectionist trade policies kept investors cautious on the dollar. The euro, which has advanced in recent sessions, lifted by hopes of a German fiscal …
Dollar dented by economic worries; euro remains in favor Read More »
By Nathan Layne and Leigh Thomas (Reuters) -President Donald Trump’s tariff hikes will drag down growth in Canada, Mexico and the United States while driving up inflation, the OECD forecast on Monday, just as Trump promised to press ahead with a new wave of levies in early April. Trump, speaking aboard Air Force One on …
OECD warns of tariff drag on growth as Trump vows to press on with levies Read More »
By Kopano Gumbi JOHANNESBURG (Reuters) – South Africa’s lawmakers will scrutinise the 2025 budget in the coming weeks, with amendments not ruled out as political parties weigh up a contentious plan to raise value-added tax. WHAT HAS HAPPENED SO FAR? Finance Minister Enoch Godongwana tabled a revised budget on March 12 that was rejected by …
Explainer-What’s next for South Africa’s budget and planned VAT hike? Read More »
By Steven Scheer JERUSALEM (Reuters) – Israel spent 112 billion shekels ($31 billion) on its military conflicts in Gaza and Lebanon in 2024, the Finance Ministry said in a report on Monday. Between October 7, 2023 – when Palestinian militant group Hamas attacked Israel to trigger the war in Gaza and subsequent missile fire from …
Israeli war spending in Gaza, Lebanon tops $30 billion in 2024 -Finance Ministry Read More »
