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Exclusive-Brazil eyes taxing crypto for cross-border payments, sources say

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) -Brazil is looking at taxing the use of cryptocurrencies for international payments, two officials with direct knowledge of the discussions told Reuters, closing a loophole in the country’s usual levy on foreign-exchange transactions. One of the sources, who spoke on condition of anonymity about the confidential talks, …

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US factory orders rebound as expected in August

WASHINGTON (Reuters) -New orders for U.S.-manufactured goods rebounded in August, though business spending on equipment was not as strong as initially thought. Factory orders increased 1.4% after an unrevised 1.3% decline in July, the Commerce Department’s Census Bureau said on Tuesday. The increase was in line with economists’ expectations. Orders rose 3.3% on a year-on-year …

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Blue Owl shares extend losses after blocking redemptions from private credit fund

(Reuters) -Blue Owl’s shares fell 2% in premarket trading on Tuesday, extending losses from the previous session, after the alternative asset manager moved to block redemptions from one of its private credit funds ahead of a merger. Earlier this month, the company had unveiled a plan to merge its two debt funds, the publicly traded …

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China’s youth jobless rate drops to 17.3% in October

BEIJING (Reuters) -China’s jobless rate for 16-to-24-year-olds, excluding college students, stood at 17.3% in October, slightly down from 17.7% the month prior, data from the National Bureau of Statistics showed on Tuesday. The unemployment rate for 25-to-29-year-olds, excluding students, remained unchanged at 7.2% from a month earlier, while the jobless rate for 30-to-59-year-olds fell to …

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Australia’s central bank could hold policy steady for longer if data comes in strong

SYDNEY, November 18 (Reuters) – Australia’s central bank said on Tuesday that it could keep holding the cash rate at the current level if incoming data surprises on the strong side, but there are also scenarios where it sees more policy easing. Minutes of its November 3-4 policy meeting showed the Reserve Bank of Australia …

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Japan finance minister says ‘alarmed’ over yen’s volatility

TOKYO (Reuters) -Japanese Finance Minister Satsuki Katayama on Tuesday expressed concern over recent foreign exchange movements, as the yen sank to fresh nine-month lows versus the dollar. “As we have recently been seeing one-sided, rapid moves in the foreign exchange market, we have been alarmed,” Katayama said at a regular news conference. “The government will …

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Wall Street ends sharply lower, Treasury yields slip as investors eye Nvidia results, data onslaught

By Stephen Culp NEW YORK (Reuters) -U.S. stocks extended their selloff and benchmark Treasury yields inched lower as investors embarked on a week of accelerated economic data releases in the aftermath of the longest government shutdown ever in the United States. Chipmaker Nvidia is due to report quarterly earnings on Wednesday. The artificial intelligence bellwether’s …

Wall Street ends sharply lower, Treasury yields slip as investors eye Nvidia results, data onslaught Read More »

Peru says new US tariff exemption includes about 100 food products

LIMA (Reuters) -Peru’s Foreign Trade and Tourism Minister Teresa Mera said on Monday that a new U.S. tariff exemption includes more than 100 products from the Andean country’s agricultural export basket that were worth about $1.2 billion last year. U.S. President Donald Trump last week rolled back tariffs on more than 200 food products, including …

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Fed’s Waller says weak job market justifies rate cut in December

By David Milliken and Howard Schneider LONDON (Reuters) -U.S. firms have begun talking more frequently about layoffs as they plan for weaker demand and possible productivity gains from artificial intelligence, Federal Reserve Governor Christopher Waller said in remarks that continued to build the case for further rate cuts amid a broad policy dispute at the …

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