Reuters US Economy

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate dropped to 2.2% in January, its lowest since mid-2020 after libertarian President Javier Milei took office just over a year ago ushering in austerity measures that have helped stabilize the embattled economy. The consumer price index rise came in just below analyst forecasts of …

Argentina inflation hits five-year low in win for Milei Read More »

BRASILIA (Reuters) -Brazil’s government on Thursday cut its economic growth forecast for this year to 2.3% amid ongoing monetary tightening and lifted its inflation outlook, though it projected a more benign scenario than the market. The finance ministry’s economic policy secretariat now expects consumer prices to rise 4.8% this year, up from a previous forecast …

Brazil cuts GDP forecast, lifts inflation outlook Read More »

By Gavin Maguire LITTLETON, Colorado (Reuters) – Wind-powered electricity production across Europe dropped by over 7% in January from the same month in 2024, depriving regional power producers of a key source of clean energy right when demand for heating neared its annual peak. That wind shortfall triggered a jump in Europe’s electricity generation from …

Recovering wind output may help cool Europe’s heated gas market: Maguire Read More »

By Clyde Russell LAUNCESTON, Australia (Reuters) -Asia’s crude oil markets are adjusting rapidly to new sanctions against top supplier Russia, sucking up cargoes while they can and moving to alternatives for deliveries in coming months. The top-oil importing continent, Asia is on track to receive about 3.23 million barrels per day (bpd) of Russian crude …

Asia moves quickly to replace sanctioned Russian crude oil: Russell Read More »

FRANKFURT (Reuters) – Euro zone industrial production shrank by more than expected in December, indicating that the sector’s two-year recession is far from over even if some sentiment and order figures have pointed to bottoming out. Output in the 20 nations sharing the euro was down by 1.1% in December from the previous month, data …

Euro zone industry shrinks faster than feared in Dec Read More »

By Philbert Girinema KIGALI (Reuters) -Rwanda’s central bank kept its key interest rate unchanged at 6.5% for the second monetary policy meeting in a row, saying that despite a recent pickup in inflation it expected it to remain within its target band. Annual inflation rose to 7.4% in January, approaching the top of the National …

Rwanda central bank holds key rate despite pickup in inflation Read More »