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Japan sees moderate economic recovery, wary over Trump’s tariffs

19 Feb 2025

TOKYO (Reuters) – The Japanese government on Wednesday stuck to its view that the economy was recovering moderately, but flagged U.S. trade policies as key factors to watch as President Donald Trump’s proposals on tariffs cast uncertainty over the economic outlook. In its monthly economic report for February, the Cabinet Office maintained its overall economic …

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China’s top financial regulator vows stable credit supply to private firms

19 Feb 2025

BEIJING (Reuters) – China’s top financial regulator vowed it will maintain stable and effective credit supply to private firms and will step up support for their loans, an official statement showed on Wednesday. The National Financial Regulatory Administration also said they will meet the reasonable financing needs of various real estate enterprises, including private housing …

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Brazil raises $2.5 billion with 6.75% yield in global bond sale with 10-year dollar issuance

19 Feb 2025

By Marcela Ayres BRASILIA (Reuters) – Brazil’s Treasury on Tuesday raised $2.5 billion in a new 10-year dollar-denominated sovereign bond, with a 6.75% yield, it said in a statement. The so-called Global 2035 aims to further the Treasury’s strategy of enhancing liquidity in the country’s external yield curve, the government said. A source familiar with …

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Itau chief economist calls for Brazil to reinstate spending cap

18 Feb 2025

By Marcela Ayres BRASILIA (Reuters) – The chief economist at Brazilian bank Itau, the nation’s largest private lender, urged whoever wins next year’s presidential elections to reinstate a spending cap to bring back “civilized” interest rates. Mario Mesquita, at an Itau event, joined a chorus of prominent economists calling for fiscal discipline in more dire …

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Exxon’s fourth floating oil production facility for Guyana departs from Singapore

18 Feb 2025

By Marianna Parraga, Kemol King GEORGETOWN (Reuters) -The fourth floating production facility to be operated by a consortium led by Exxon Mobil in Guyana has departed from Singapore on its route to the South American country’s waters, according to a company executive and LSEG vessel tracking data seen on Tuesday.  Once the floating production storage …

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European defence stocks rise as leaders look at spending boost

18 Feb 2025

(This Feb. 17 story has been corrected to remove a reference to the Netherlands in paragraph 11) By Danilo Masoni MILAN (Reuters) – European defence stocks surged on Monday as governments faced pressure to hike military spending in the region, following calls from Washington for higher expenditure ahead of talks between the U.S. and Russia …

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QIA subsidiary, Omani government investment firm to invest in Asyad Shipping IPO

18 Feb 2025

CAIRO (Reuters) – Oman’s Asyad Shipping said on Tuesday that its forthcoming IPO will be backed by a subsidiary of the Qatar Investment Authority and a local investment firm owned by the Omani government as anchor investors. Asyad Shipping, which focuses on transporting liquefied natural gas (LNG), crude oil and other products, said in a …

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Argentina oil union threatens strike after Halliburton layoffs

18 Feb 2025

By Alexander Villegas (Reuters) – An oil and gas workers’ union in Argentina’s oil-rich Chubut province threatened to strike on Tuesday after Halliburton laid off hundreds of workers and decided to close its local office. Speaking on the union’s broadcast radio channel, Carlos Gomez, deputy secretary of the Chubut Private Oil and Gas Union, said …

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Citi revises down 6-12 month copper forecast amid tariff concerns

18 Feb 2025

(Reuters) – Citi on Tuesday lowered its 6-12 month price forecast for copper and shifted its expected average quarterly price weakness to later in the year, citing the decreasing likelihood of substantial broad reciprocal U.S. tariffs taking effect in the first quarter. The bank now predicts copper to average $8,500 per metric ton over the …

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