Reuters US Economy

(Reuters) -Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology, opposing the company’s decision to accept Emerson Electric’s $7.2 billion tender offer. Elliott argues that Emerson’s per-share offer of $265 for Aspen undervalues the company, adding that it will not tender its shares at the current price. …

Elliott builds $1.5 billion stake in Aspen, opposes Emerson deal Read More »

BRASILIA (Reuters) -Brazil’s trade surplus plummeted 65.1% in January compared to the same month last year, official data showed on Friday, as imports rose by double digits while exports fell. Latin America’s largest economy posted a $2.2 billion surplus for the month, down from $6.2 billion a year earlier, according to the Ministry of Development, …

Brazil’s trade surplus misses estimates in January with 65% drop, imports surge Read More »

MEXICO CITY (Reuters) – Mexico’s annual inflation rate slowed slightly more than expected in January, official data showed on Friday, after the central bank accelerated the pace of its interest rate cuts and signaled more monetary easing ahead. In Latin America’s second-largest economy, the headline annual inflation rate hit 3.59% in January, statistics agency INEGI …

Mexico inflation slows in January as central bank steps up rate cuts Read More »

WASHINGTON (Reuters) – U.S. wholesale inventories fell in December amid strong sales growth, government data showed on Friday. Stocks at wholesalers decreased by an unrevised 0.5%, the Commerce Department’s Census Bureau confirmed, matching the consensus forecast of economists polled by Reuters. Inventories, a key part of gross domestic product, fell 0.1% on a year-on-year basis …

US wholesale inventories drop by unrevised 0.5% in December Read More »

By Promit Mukherjee OTTAWA (Reuters) -Canada’s unemployment rate unexpectedly fell again and the economy posted solid job gains, data showed on Friday, in signs that joblessness was starting to ease from an eight-year peak, barring the pandemic years, in November. The January unemployment rate was 6.6%, a notch below the 6.7% seen in the prior …

Canada’s unemployment rate drops again in January, job gains solid Read More »

By Ezgi Erkoyun and Jonathan Spicer ISTANBUL (Reuters) -Turkey’s central bank governor Fatih Karahan said on Friday the bank is “not on autopilot” after two straight interest rate cuts and its decisions are based on data, in comments after the bank raised its year-end inflation forecast to 24% from 21%. “We can pause or change …

Turkish central bank says rate cuts ‘not on autopilot’, lifts inflation forecast Read More »

By Mike Dolan LONDON (Reuters) -Hypersensitive currency swings to this week’s “stop-go” U.S. tariff threats suggest a persistent offset to the new administration’s trade stance that may just help central banks look beyond it all. The first salvos in President Donald Trump’s latest trade war included 25% tariffs on Mexican and Canadian imports that were …

Currencies deflect the tariff thrust: Mike Dolan Read More »