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New Zealand manufacturing continues to expand in February, survey says

13 Mar 2025

SYDNEY (Reuters) – Manufacturing activity in New Zealand expanded in February, hitting the highest levels since August 2022, helped by strong results at the key index for production and new orders, a survey showed on Friday. The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index (PMI) rose to 53.9 in February from …

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TSX hits 4-1/2-month low on trade war jitters

13 Mar 2025

By Fergal Smith (Reuters) -Canada’s main stock index fell on Thursday to a four-and-a-half-month low as investors grew more risk averse on signs of an escalating global trade war, technology leading broad-based declines among sectors. The Toronto Stock Exchange’s S&P/TSX composite index, ended down 220.11 points, or 0.90%, at 24,203.23, its lowest closing level since …

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FTSE 100 flat amid tariff worries; corporate results drag midcaps

13 Mar 2025

(Reuters) -British stocks ended mixed on Thursday, with the benchmark index flat amid U.S. tariff concerns, while downbeat corporate results further dragged down the midcap index. The benchmark FTSE 100 ended flat, paring gains from Wednesday’s rise sparked by positive Ukraine-Russia developments. Russian President Vladimir Putin said on Thursday that his country agrees with proposals …

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US producer inflation, labor market stable ahead of tariff turbulence

13 Mar 2025

By Lucia Mutikani WASHINGTON (Reuters) -U.S. producer prices were unchanged in February for the first time in seven months, while fewer Americans filed claims for unemployment benefits last week, pointing to a stable economy that should allow the Federal Reserve to keep interest rates steady next Wednesday. But the calm painted by the reports from …

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Trump trade war favors Brazil’s agribusiness, grain company SLC says

13 Mar 2025

SAO PAULO (Reuters) – The trade war initiated by U.S. President Donald Trump, which led countries including China to retaliate against tariffs implemented by his administration, is favorable to Brazil, the CEO of agribusiness firm SLC Agricola said on Thursday. “The trade war continues to benefit Brazilian agriculture, and Brazil as a secure supplier for …

Trump trade war favors Brazil’s agribusiness, grain company SLC says Read More »

Mexico’s Ebrard says government is in ‘intensive’ talks with US ahead of tariff deadline

13 Mar 2025

MEXICO CITY (Reuters) – Mexico’s Economy Minister Marcelo Ebrard said on Thursday his government was having intensive talks with the United States over Washington’s threats to impose tariffs on goods from its No. 1 trade partner by April 2. The United States has repeatedly threatened, implemented and paused, tariffs on Mexico, which are expected to …

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Most Gulf markets end higher on US inflation data

13 Mar 2025

By Ateeq Shariff (Reuters) – Most stock markets in the Gulf ended higher on Thursday, helped by a cooler-than-expected U.S. inflation print, although uncertainty remained over tariffs, which continue to threaten economic stability. U.S. consumer prices increased less than expected in February, but the improvement is likely temporary against a backdrop of aggressive tariffs on …

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Fed seen on course for June start to 2025 rate cuts after data

13 Mar 2025

(Reuters) – The Federal Reserve is seen restarting interest-rate cuts in June, traders bet on Tuesday, as government data showed U.S. producer prices were unexpectedly flat last month and weekly jobless claims fell. Short-term interest-rate futures after the data were pricing about a 75% chance of a quarter-point reduction to the Fed’s policy rate by …

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Brazil’s fiscal framework unsustainable by 2027, minister warns

13 Mar 2025

BRASILIA (Reuters) – Brazil’s planning minister said that the federal government, regardless of who is in power, will be unable to govern under the current fiscal framework in 2027, signaling a “window of opportunity” late next year for fiscal adjustments. The fiscal rules, passed early in leftist President Luiz Inacio Lula da Silva’s term in …

Brazil’s fiscal framework unsustainable by 2027, minister warns Read More »

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