By Clyde Russell LAUNCESTON, Australia (Reuters) – China’s retaliatory tariffs against U.S. energy imports is likely to be most keenly felt in the seaborne market for metallurgical coal. Beijing imposed a 15% import tariff on U.S. coal and liquefied natural gas (LNG) and 10% on crude oil on February 4 after U.S. President Donald Trump …
ANKARA (Reuters) – Turkey’s central bank stands “ready to act” against risks in the current rate-cutting cycle, Turkish Central Bank Governor Fatih Karahan told a conference for emerging market economies in Saudi Arabia on Sunday. The bank has been gradually cutting rates since December, Karahan said, reducing the policy rate by 250 basis points each …
Turkish central bank ‘ready to act’ against risks in rate-cutting cycle, governor says Read More »
SAO PAULO (Reuters) – Brazilian sugarcane processor Raizen on Friday posted a 2.57 billion real ($450.5 million) net loss in the third quarter of its 2024/25 season, compared with a profit of 793 million reais in the same period a year earlier. WHY IT’S IMPORTANT Raizen, whose main shareholders are Brazilian conglomerate Cosan and Shell, …
SAO PAULO (Reuters) – Brazil’s central bank said on Friday it would hold auctions starting on Monday to roll over $15.6 billion in traditional currency swaps expiring on April 1. The central bank said in a statement that daily traditional swap auctions would be held as long as necessary for the expiring stock to be …
Brazil central bank announces rollover of $15.6 billion in swaps maturing in April Read More »
SANTIAGO (Reuters) – The Gabriela Mistral unit of Chile’s state-run copper producer Codelco has reached an early agreement with its workers’ union, Codelco said in a statement on Friday. The new collective bargaining agreement for Gabriela Mistral, one of Codelco’s smallest mining units, will be in place for three years as of June 1, and …
Codelco’s Gabriela Mistral mine reaches early deal with union Read More »
(Corrects paragraph 2 to 100 bp hike, not cut) By Marcela Ayres SAO PAULO (Reuters) – Brazil’s central bank chief on Friday acknowledged market concerns about how the bank would react to an economic slowdown but said it could not act preemptively on something that has yet to materialize. Speaking at an event hosted by …
Brazil’s central bank chief says bank can’t act preemptively on economic slowdown Read More »
BOGOTA (Reuters) – Colombia will impose a 1% tax on the production of fossil fuels, including oil and coal, its two biggest earners, until the end of the year, under a state of emergency that was declared last month, the finance ministry said on Friday. The government will also impose a 19% sales tax on …
Colombia sets 1% temporary tax on fossil fuel output Read More »
By Karen Braun NAPERVILLE, Illinois (Reuters) -Relative to demand, world corn stocks later this year are predicted to hit 11-year lows. But when considering corn supplies actually accessible to the global market, the milestone is closer to three decades. On-and-off grain importer China has an extraordinary amount of corn in storage, more than five times …
Effective global corn supplies heading for 29-year lows: Braun Read More »
(Reuters) – Global equity funds attracted significant inflows in the week ending February 12, after a Bank of England rate cut drove a rally in European shares, although caution over U.S. President Donald Trump’s tariff policies limited investor activity. LSEG Lipper data showed investors bought global equity funds worth a net $5.66 billion during the …
Global equity funds draw inflows on European rally Read More »
By Mike Dolan LONDON (Reuters) -The Federal Reserve’s widely panned and soon-to-be-revised “average inflation targeting” strategy may survive mostly intact after this year’s review – with a super wide lens showing some success despite the brickbats. The decision five years ago to shift the emphasis of its 2% inflation goal to an average of that …
Column-Fed may only nuance much-maligned ‘averaging’ strategy: Mike Dolan Read More »
