Reuters US Economy

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s government is divided over whether to complete its third nuclear power plant after 40 years of off-and-on construction, as the country’s economic team pushes for the project to be abandoned, two sources familiar with the matter told Reuters. The final decision over the plant, called …

Brazil’s government split over multi-billion dollar nuclear plant completion​ Read More »

By Clyde Russell LAUNCESTON, Australia (Reuters) -Decarbonising steel production is one of the major challenges of the energy transition, especially given that consumers across the world show little appetite or capacity to pay more for green steel products. This means that greening a sector responsible for around 8% of global carbon emissions is likely to …

Green steel needs incentives to work and Japan has a plan: Russell Read More »

By Karen Braun NAPERVILLE, Illinois (Reuters) -Last week, speculators were net sellers of Chicago corn and soybeans for the first time in nearly two months. But for now, they appear less willing to give up their bullishness in corn than they do in soybeans. In the week ended February 11, money managers cut their net …

Funds snap long buying streak in Chicago corn and soybeans: Braun Read More »

By Kopano Gumbi and Sfundo Parakozov PRETORIA (Reuters) -South Africa’s official unemployment rate fell slightly in the fourth quarter of last year, helped by job gains in the finance and manufacturing sectors. The second quarterly decline in a row took unemployment to 31.9% in October-December from 32.1% in July-September, data from Statistics South Africa showed. …

South Africa’s unemployment rate marginally lower in fourth quarter Read More »

By Nicolás Misculin and Lucinda Elliott BUENOS AIRES (Reuters) -An Argentine judge was assigned on Monday to investigate President Javier Milei’s role in promoting a cryptocurrency that crashed, the latest shockwave from a scandal that has threatened to slow the libertarian leader’s momentum. Milei late on Friday recommended the little-known crypto coin $LIBRA in a …

Argentina federal judge to probe Milei crypto scandal, stock index falls Read More »

By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s central bank expects underlying inflation to fall faster than previously projected as it downgraded the economic outlook, although a still tight labour market is likely to create some lingering price pressures. In its quarterly Statement on Monetary Policy, released on Tuesday along with its interest rate …

Australia central bank cuts inflation forecast, labour market still tight Read More »