OTTAWA, Feb 28 (Reuters) – Canada recorded a slight drop in its budget deficit to C$21.72 billion ($15.05 billion) for the first nine months of the 2024/25 fiscal year as government revenues increased faster than expenditure, the finance ministry said on Friday. By comparison, the deficit in the same period a year earlier had been …
Canada budget deficit over first nine months of 2024/25 at C$21.72 billion Read More »
By Promit Mukherjee OTTAWA (Reuters) – Canada’s gross domestic product in the fourth quarter expanded by 2.6% on an annualized basis, surpassing widespread expectations, as a jump in consumer spending, business investments and exports lifted growth, data showed on Friday. Analysts polled by Reuters had expected the GDP to grow by 1.8% in annualized terms …
Canada’s economy posts surprise annualized fourth quarter growth of 2.6% Read More »
(Reuters) – Investors increased their holdings in U.S. equity funds over the week to February 26, buoyed by confidence in the economy’s resilience and expectations of a Federal Reserve rate cut later this year to stimulate growth. Dismissing concerns over tariffs, investors acquired a net $19.71 billion worth of U.S. equity funds during the week, …
U.S. equity funds gain sharp inflows despite tariff concerns Read More »
NEW DELHI (Reuters) – India’s infrastructure output grew 4.6% year-on-year in January, backed by a pick up in cement and refined petroleum product output, government data showed on Friday. Infrastructure output, which tracks activity across eight sectors and makes up 40% of the country’s industrial production, grew at a revised 4.8% in December, compared to …
India’s infrastructure output rises 4.6% on-year in January Read More »
By Pawel Florkiewicz WARSAW (Reuters) – A centre-right candidate in Poland’s presidential election on Friday became the second contender in the race to call for lower interest rates, after the central bank had previously pushed back against such comments as an attack on its independence. Szymon Holownia, speaker of the lower house of parliament and …
Second Polish presidential candidate calls for lower rates Read More »
BEIJING (Reuters) – China’s major commodities exchanges announced on Friday to expand the scope of tradable derivatives products for qualified foreign investors from March 4. Qualified Foreign Institutional Investors (QFIIs) and RMB Qualified Foreign Institutional Investors can participate in trading of a bulk of commodities futures and options contracts. The Shanghai Futures Exchange includes stainless …
China exchanges to expand commodities trading for foreign investors Read More »
BANGKOK (Reuters) – An independent panel on Friday picked the government-backed candidate, former senior finance ministry official Somchai Sujjapongse, as the new chair of the board of the Bank of Thailand, two government sources told Reuters. The central bank board chair has no direct say in monetary policy but heads the board which picks four …
Thai panel picks government candidate for central bank board chair, sources say Read More »
(Reuters) – Some of U.S. President Donald Trump’s tariffs are expected to come into effect before key jobs data, China policymakers meet for an annual congress, the ECB is tipped to cut rates and the first phase of the Israel-Hamas ceasefire deal nears its end. Here’s a look at the week ahead in markets from …
By Daren Butler ISTANBUL (Reuters) – Turkey’s economy grew 3.0% year-on-year in the fourth quarter of 2024, bringing full-year growth to 3.2%, official data showed on Friday, exceeding forecasts despite the weight of high interest rates. The government, which had initially projected 3.5% growth for 2024, had trimmed its expectations to reflect ongoing adjustments in …
Turkey’s economy grows 3.2% in 2024, exceeding forecast Read More »
ISTANBUL (Reuters) – Turkey’s unemployment rate slipped by 0.1 percentage points month-on-month to 8.4% in January, official data showed on Friday. The Turkish Statistical Institute data showed the labour force participation rate dropped 0.4 percentage points to 53.7% while a seasonally adjusted measure of labour under-utilisation rose 0.1 percentage points to 28.1%. (Reporting by Canan …
Turkey’s unemployment rate dips to 8.4% in January Read More »
