SYDNEY (Reuters) – The Reserve Bank of Australia on Tuesday cut its cash rate by 25 basis points to 4.10% following a monthly policy meeting. The following is a chronology of the Reserve Bank of Australia’s interest rate moves since 1990. Each move is measured in basis points (bp), which are one-hundredths of a percentage …
By Marcela Ayres (Reuters) -Brazil’s central bank monetary policy director Nilton David said on Monday that the base scenario for policymakers is to proceed with an upcoming 100 basis-point interest rate hike, as the bank had previously indicated. In his first public speech in the role, David stated that the level of confidence in the …
Brazil central bank director reiterates upcoming 100 basis-point hike Read More »
ANGRA DOS REIS, Brazil (Reuters) – Brazil’s state-run oil firm Petrobras should consider selling fuel directly to large consumers in order to reduce prices at the pump, President Luiz Inacio Lula da Silva said on Monday, without giving further details on his suggestion. “The people are being robbed by intermediaries,” Lula said as he criticized …
Petrobras should sell fuel directly to large consumers, says Lula Read More »
BRASILIA (Reuters) – The executive secretary of Brazil’s finance ministry, Dario Durigan, said on Monday that an income tax reform that will be proposed by the government aims to tax shareholders who receive dividends from companies with taxation “well below” the average. Speaking at an event hosted by the American Chamber of Commerce, he noted …
Brazil tax reform to target dividend payouts from firms with below-average tax rates Read More »
By Andy Home LONDON (Reuters) – China is reaping the rewards of its massive mining investment in the Democratic Republic of Congo in the form of surging imports of physical copper. Shipments of refined copper from the central African country jumped by 71% year-on-year to 1.48 million metric tons in 2024. The Congo is now …
Column-Congo emerges as China’s strategic copper supplier: Andy Home Read More »
LONDON (Reuters) – The United States “would love to” see Australia supplying uranium for nuclear power, U.S. Energy Secretary Chris Wright said on Monday, speaking at a conference in London. “I would love to see Australia get in the game of supplying uranium, maybe going down that nuclear road themselves,” he told the Alliance for …
Australia should supply uranium for nuclear power, says US energy secretary Read More »
By Joachim Klement The euro zone is showing early signs of an economic recovery that is unlikely to be derailed by the tariffs the Trump administration has threatened thus far. But that doesn’t mean European policymakers can let their guard down. Many investors and economists believe the euro zone will continue to be stuck with …
Column-Trump tariffs won’t easily derail euro zone recovery, says Klement Read More »
By Steven Scheer TEL AVIV (Reuters) – Israel’s economy posted scant growth in 2024, with the war in Gaza against Palestinian Islamist group Hamas taking a toll on investment and exports, but growth is expected to bounce back this year following ceasefire deals. Gross Domestic Product grew 1% last year to $565 billion, sustained mainly …
Wars dent Israel’s economy in 2024 but military spending keeps growth at 1% Read More »
LONDON (Reuters) -Bank of England Governor Andrew Bailey said in an interview published on Monday that inflation was slowing and an expected pick-up in price growth later this year was unlikely to embed longer-term inflation pressures in the economy. Part of the forecast increase in inflation was due to regulated price increases – for items …
Bank of England’s Bailey says inflation is slowing, 2025 jump will not last Read More »
LONDON (Reuters) – For traders, it’s a case of which way to look next with their screens flooded by headlines from tariffs and shaky Middle East ceasefire deals, to Russia and Ukraine. There’s also a G20 meeting, Asia-Pacific central bank meetings and WalMart earnings in the mix. Here’s the low-down on the week ahead in …
