Reuters US Economy

Analysis-China’s key property rescue tools are too hard to use to make an impact

21 Feb 2025

By Liangping Gao and Clare Jim BEIJING/HONG KONG (Reuters) – Key tools China introduced last year to stabilise the property market are making very little impact, pressuring Beijing to find new solutions for the crisis-hit sector, which analysts say must involve large-scale direct state purchases of empty apartments. In what officials touted as a “historic” …

Analysis-China’s key property rescue tools are too hard to use to make an impact Read More »

Block’s profit misses estimate as holiday spending, bitcoin gains fall short

21 Feb 2025

(Reuters) -Block’s fourth-quarter profit fell short of estimates as spending growth during the holiday season and gains from a post-election surge in bitcoin lagged expectations, sending the payment firm’s shares down 8% in extended trading on Thursday. While a robust labor market and steady wage growth have supported consumer spending – bolstered further by holiday …

Block’s profit misses estimate as holiday spending, bitcoin gains fall short Read More »

Consolidated Edison beats fourth-quarter profit estimates on higher electricity rates

21 Feb 2025

(Reuters) – Utility company Consolidated Edison beat Wall Street estimates for fourth-quarter profit on Thursday, driven by higher electricity rates. Regulated utilities use rate case proceedings to seek rate increases, basing their appeals on their investments or expenses incurred in delivering services. The New York-based company’s quarterly revenue from its electricity segment was up 7.6% …

Consolidated Edison beats fourth-quarter profit estimates on higher electricity rates Read More »

Bank of Mexico says it might cut interest rate by 50 basis points again

20 Feb 2025

By Natalia Siniawski MEXICO CITY (Reuters) -The Bank of Mexico said on Thursday that it might continue cutting the benchmark interest rate at future monetary policy meetings and could “consider adjusting it in similar magnitudes” to the latest 50 basis point reduction. Banxico, as the Mexican central bank is known, lowered its key rate by …

Bank of Mexico says it might cut interest rate by 50 basis points again Read More »

Brazil’s Lula warns of inflation risks from Trump tariffs

20 Feb 2025

SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday that tariffs implemented by U.S. President Donald Trump should cause higher inflation, criticizing the Republican’s trade policies as “not the right thing to do”. Lula, in a radio interview, repeated that there would be reciprocity if Trump issues tariffs on Latin …

Brazil’s Lula warns of inflation risks from Trump tariffs Read More »

Mexican president sees economic growth in 2025, despite tariff threat

20 Feb 2025

MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum said on Thursday that her government believes 2025 will be a good year for economic growth, despite the uncertainty created by the threat of U.S. President Donald Trump to impose tariffs. Sheinbaum’s comments come a day after the Bank of Mexico halved its growth forecast for Latin …

Mexican president sees economic growth in 2025, despite tariff threat Read More »

Nigeria keeps benchmark interest rate steady as inflation seen falling gradually

20 Feb 2025

By Elisha Bala-Gbogbo and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was reassured by stability in the foreign exchange market and saw inflation gradually falling. Economists polled by Reuters had been split on what the Central Bank of …

Nigeria keeps benchmark interest rate steady as inflation seen falling gradually Read More »

Bank of Israel to hold rates again after inflation spike: Reuters poll

20 Feb 2025

By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel is expected to leave short-term interest rates unchanged at a policy meeting next week after inflation spiked in January, although analysts believe a rate cut is possible in the coming months should price pressures ease. All 13 economists polled by Reuters said they expected the …

Bank of Israel to hold rates again after inflation spike: Reuters poll Read More »

Taiwan January export orders down for first time in nearly a year

20 Feb 2025

TAIPEI (Reuters) – Taiwan’s export orders fell for the first time in 11 months in January as demand for technology products softened amid a seasonal slowdown, but the government remained optimistic about ongoing demand for artificial intelligence technologies. Export orders dropped 3.0% year-on-year in January to $46.97 billion, Taiwan’s Ministry of Economic Affairs said on …

Taiwan January export orders down for first time in nearly a year Read More »

Indonesia’s current account deficit deepens in 2024, seen wider in 2025

20 Feb 2025

JAKARTA (Reuters) – Indonesia’s current account deficit widened in 2024 as its merchandise trade surplus shrank amid weaker global demand, the central bank said on Thursday, and analysts pointed to a worsening outlook for global trade this year. Southeast Asia’s largest economy reported a current account deficit of $8.9 billion for the year, equivalent to …

Indonesia’s current account deficit deepens in 2024, seen wider in 2025 Read More »

Close Bitnami banner
Bitnami