By Chuck Mikolajczak NEW YORK (Reuters) – The dollar jumped on Thursday and was poised for its biggest daily percentage gain in more than two months as U.S. President Donald Trump’s latest tariff comments overshadowed signs of slower economic growth. The greenback initially pared gains after data showed weekly initial jobless claims rose by 22,000 …
(Reuters) -Chilean industrial conglomerate Empresas Copec on Thursday posted a profit for the last three months of 2024 that rose 15% thanks to larger pulp volumes and lower costs at its forestry unit, Arauco. Arauco accounts for the bulk of Copec’s earnings, though Copec also operates a sizeable fuel-distribution business, holds stakes in mining and …
Industrial giant Copec posts Q4 profit up 15% on forestry boost Read More »
BRASILIA (Reuters) -Brazil’s central government posted a primary budget surplus in January that was slightly below market expectations, as inflation-adjusted spending growth outpaced revenue gains, Treasury data showed on Thursday. The primary surplus, which excludes interest payments, reached 84.9 billion reais ($14.6 billion) for the month – traditionally a positive period – falling short of …
Brazil posts lower-than-expected primary budget surplus in January Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits posted the largest increase in five months last week, but the underlying trend in claims remained consistent with a steadily slowing labor market. The larger-than-expected rise in initial claims reported by the Labor Department on Thursday was likely the result …
US weekly jobless claims post largest gain in five months; weather blamed Read More »
(Reuters) – President Donald Trump’s pick to chair his Council of Economic Advisors, Stephen Miran, on Thursday said he believes that deregulation could be an effective way to bring down inflation. “I agree removing barriers to the abilities of firms to produce will get them to produce more; more stuff, lower prices,” Miran said under …
Trump’s CEA chair pick Miran says deregulation will lower prices Read More »
By Marcela Ayres BRASILIA (Reuters) – Brazil’s 12-month current account deficit nearly tripled in January from a year ago and the central bank acknowledged it may soon go uncovered by foreign direct investment, something that only happened in the past decade during severe economic distress. This would signal a less favorable situation for the external …
Brazil’s current account deficit shows steep deterioration, nears lack of FDI coverage Read More »
By Jonathan Cable LONDON (Reuters) – The European Central Bank will trim its deposit rate again next week to 2.50%, according to all 82 economists polled by Reuters who expected two further cuts by the middle of this year. Inflation was forecast to hover close to the central bank’s 2% target, giving it scant reason …
ECB to cut rates again on March 6 as focus turns to growth: Reuters poll Read More »
By Howard Schneider WASHINGTON (Reuters) – Recent surveys showing a rise in consumer inflation expectations mean the U.S. central bank needs to keep its focus on ensuring price pressures are fully contained, Kansas City Federal Reserve President Jeff Schmid said on Thursday, highlighting a growing and potentially troubling issue for policymakers. “The last two months …
Rise in US inflation expectations means Fed has to stay on guard, Schmid says Read More »
(Reuters) – JM Smucker raised its annual profit forecast on Thursday after higher product prices, especially for coffee, helped the Uncrustables sandwich maker beat market estimates for quarterly earnings. Like other packaged food companies, JM Smucker has been raising prices to combat growing costs of raw materials such as coffee. That boosted the company’s third-quarter …
J M Smucker raises annual profit forecast on coffee price hikes Read More »
By Libby George LONDON (Reuters) – Alarm is rising over Washington’s potential withdrawal from global institutions, including the International Monetary Fund and the World Bank, with the no-show of U.S. Treasury Secretary Scott Bessent at G20 meetings adding to anxiety. So what are the IMF and World Bank and what happens if the United States …
Explainer-What are the IMF and World Bank, and what happens if the US pulls support? Read More »
