PARIS (Reuters) – Prime Minister Francois Bayrou on Sunday rejected the idea of reverting to 62 as the basic retirement age in France, appearing to narrow options for unions and employers negotiating changes to an unpopular pension reform. Bayrou, who heads a fragile minority government, agreed to reopen discussion of the 2023 reform, including the …
French PM opposes calls to go back to 62 as retirement age Read More »
ATHENS (Reuters) – Greece’s central government primary surplus reached 3.5% of its Gross Domestic Product (GDP) last year, well above the government’s target, the outgoing finance minister said on Saturday. The latest government estimate was for a primary surplus, which excludes debt-servicing costs, of 2.5% of GDP. Greece, which almost went bankrupt in the last …
Greece’s 2024 central government surplus exceeds target, says minister Read More »
(Reuters) – Global ratings agency S&P raised Saudi Arabia’s rating to ‘A+’ from ‘A’ with a stable outlook on Friday, underpinned by the ongoing social and economic transformation in the country. Fitch said the country’s Vision 2030 project provides some flexibility in managing capital expenditure and debt issuance. The sustained momentum in this project can …
S&P lifts Saudi Arabia’s rating on sustained economic shift away from oil Read More »
By Walter Bianchi and Aida Pelaez-Fernandez BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate accelerated to 2.4% in February, in line with analyst estimates, data from the INDEC statistics agency showed on Friday. This marks an acceleration from the 2.2% recorded in January, as housing and public services expenses rose nearly 4%. Inflation in the …
Argentina monthly inflation edges back up as prices prove sticky Read More »
By Sarah Morland and Natalia Siniawski (Reuters) -Peru’s economy likely expanded some 4% in January, the central bank’s chief economist, Adrian Armas, said in a call on Friday, in line with analysts’ forecasts and a day before the government is set to publish the monthly figure. The South American nation has been bouncing back from …
Peru central bank sees strong economic growth, limited tariff blow Read More »
By Parisa Hafezi (Reuters) – For Iran’s clerical leaders, engaging with the “Great Satan” to hammer out a nuclear deal and ease crippling sanctions may for once be the lesser of two evils. Though it harbours deep mistrust of the United States, and President Donald Trump in particular, Tehran is increasingly concerned that mounting public …
Despite tough talk, economic woes may force Iran to bargain with Trump Read More »
By Thomas Escritt BERLIN (Reuters) -Germany’s conservative leader and would-be next chancellor Friedrich Merz has agreed what amounts to a fiscal policy sea-change with support from the Social Democrats (SPD), his likely coalition partner and the Greens. What have they agreed, and what could still go wrong? WHAT HAVE THE THREE PARTIES AGREED? After marathon talks, …
Explainer-Germany’s new debt settlement, and where it could still go wrong Read More »
By Vuyani Ndaba JOHANNESBURG (Reuters) – The South African Reserve Bank (SARB) will likely keep interest rates steady at its March 20 meeting as global trade risks and battles over the national budget keep policymakers in wait-and-see mode, a Reuters poll found on Friday. The survey was conducted during a week when finance minister Enoch …
South African Reserve Bank to pause rate-cutting cycle, resume in May- Reuters poll Read More »
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank will hike its benchmark interest rate to a near decade-high of 14.25% on March 19, giving little extra forward guidance amid a changing outlook, a Reuters poll showed. The bank’s monetary policy committee, known as Copom, is widely expected to raise the Selic rate by …
Brazil central bank to hike rates to near decade-high on March 19- Reuters poll Read More »
By Mohd Edrees (Reuters) – Dubai’s index declined on Friday, driven by losses in heavyweight real estate sector stocks as U.S. President Donald Trump’s latest tariff threats made investors nervous, while Abu Dhabi bucked the trend to close higher. In the latest in a long list of tariff threats, Trump said he would hit European …
Dubai declines over new tariff threats, oil holds Abu Dhabi Read More »
