Reuters US Economy Archives - Page 247 of 866

Analysis-UK faces hard choices over soaring disability costs

14 Mar 2025 14 Mar 2025

By David Milliken LONDON (Reuters) – Britain’s government wants to tame its ballooning bill for supporting people with disabilities and long-term health conditions which, despite the cost, leaves many claimants distressed or struggling to find work. Annual spending on incapacity and disability benefits already exceeds the country’s defence budget and is set to top 100 …

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Fitch thinks S.Africa will struggle to stabilise debt as projected in budget

14 Mar 2025 14 Mar 2025

JOHANNESBURG (Reuters) – Fitch ratings agency said on Friday that it thought South Africa’s government would struggle to stabilise debt as projected in this week’s revised budget. “South Africa’s 2025 budget, unveiled on 12 March, indicates that the government remains committed to fiscal consolidation, despite upward pressure on public expenditure,” Fitch said. “The budget has …

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Coffee price shocks take about a year to feed through to consumers, UN report says

14 Mar 2025 14 Mar 2025

By May Angel LONDON (Reuters) – Raw coffee price shocks take about a year to feed through to consumers while the residual impact lasts at least four years, according to a report published on Friday by the United Nation’s Food and Agriculture Organisation (FAO). Thanks to persistent adverse weather crimping supplies and eating into global …

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With uncertainty comes growing economic risk for the Fed to weigh

14 Mar 2025 14 Mar 2025

By Howard Schneider WASHINGTON (Reuters) -Since U.S. President Donald Trump took office in January, he has imposed biting new tariffs, with more coming, begun a disruptive cull of federal jobs and spending, risked a political fracture with Europe, and acknowledged that an economy that was by most measures fine when he took over now faces …

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German inflation fall offers more room for ECB easing

14 Mar 2025 14 Mar 2025

By Maria Martinez BERLIN (Reuters) -German inflation unexpectedly fell in February, the statistics office said on Friday, pointing to a downward revision of euro zone figures that would back further policy easing by the European Central Bank. German inflation fell to 2.6% in February, revising down preliminary data which had showed annual inflation, harmonised to …

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Indonesia’s trade surplus likely narrowed to $2.45 billion in February: Reuters poll

14 Mar 2025 14 Mar 2025

JAKARTA (Reuters) – Indonesia’s trade surplus in February likely narrowed to $2.45 billion, despite a larger increase in exports and a small import growth, a Reuters poll showed on Friday, indicating that imports may have become costlier due to a weaker rupiah. Southeast Asia’s largest economy has posted a monthly trade surplus since mid-2020, driven …

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Panama authorizes copper concentrate exports from shuttered First Quantum mine

14 Mar 2025 14 Mar 2025

By Divya Rajagopal PANAMA CITY (Reuters) -Panama has authorized the sale of copper concentrate at First Quantum’s shuttered Cobre Panama mine, President Jose Raul Mulino said on Thursday, boosting shares in the Canadian miner by 15% to a two-month high on the Toronto Stock Exchange. Mulino also ordered the restart of a power plant needed to …

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Peru central bank holds benchmark interest rate at 4.75%

14 Mar 2025 14 Mar 2025

(Reuters) – Peru’s central bank held its benchmark interest rate at 4.75% on Thursday, in line with analysts’ expectations. Peru, which has one of the lowest interest rates in Latin America, has since September 2023 gradually eased the key lending rate from a high of 7.75%. In a statement, the central bank noted that its …

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Brazil trade chamber OKs import tax cuts on more food products

13 Mar 2025 13 Mar 2025

BRASILIA (Reuters) – Brazil’s trade chamber, known as Camex, has agreed to eliminate import taxes on certain products to curb food inflation, it said in a statement on Thursday. The decision was unanimous, Brazilian Vice President Geraldo Alckmin, who also serves as trade, industry and development minister, told reporters in Brasilia. “These are emergency measures …

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Texas Stock Exchange hires top ETF executives from Cboe, Nasdaq

13 Mar 2025 13 Mar 2025

By Suzanne McGee (Reuters) – The Texas Stock Exchange (TSXE), still months away from winning regulatory approval to begin operations, said it hired senior exchange-traded funds executives from Cboe Global Markets and Nasdaq to win a share of trading in the $11 trillion U.S. ETF market. It announced on Thursday that Robert Marrocco, formerly global …

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