MEXICO CITY (Reuters) – Mexico’s annual inflation rate likely slid to its lowest level in four years in January, a Reuters poll of analysts predicted on Thursday, boosting bets the central bank will continue to lower borrowing costs. The median forecast from 14 analysts estimated that the annual headline rate likely dropped to 3.61% in …
Mexico headline inflation likely fell again January: Reuters poll Read More »
TORONTO (Reuters) – Canadian economic activity contracted for the first time in five months in January as employment grew at a slower pace and prices heated up, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally adjusted index fell to 47.1 from 54.7 in December, moving below the 50 threshold for the first …
Canada’s Ivey PMI shows activity decreasing in January Read More »
HARARE (Reuters) – Zimbabwe’s central bank said on Thursday that its monetary policy rate had been kept unchanged at 35%. Spurred by food and housing prices, Zimbabwe’s inflation rose sharply in January in both U.S. dollar and local currency terms. It launched a new gold-backed currency in April last year, but it was sharply devalued …
By Karen Braun NAPERVILLE, Illinois (Reuters) -Most global importers last year took advantage of plentiful and cheaper U.S. bulk agricultural commodities, including soybeans and corn, the top-ticket items. But China somewhat sat out on that rush. Milestones were notched among the top U.S. bulk grain destinations in 2024 as average export prices fell by more …
US grain, oilseed exports surge in 2024 without boost from China -Braun Read More »
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday that he is “worried” about high food prices in the country, but projected price growth would slow going forward and voiced overall optimism about the economy. “The Brazilian economy is living its best moment,” Lula told an interview with radio stations, …
Brazil’s Lula voices concern about food prices but sees inflation ‘under control’ Read More »
By Gavin Maguire LITTLETON, Colorado (Reuters) -Turkey surpassed Germany as Europe’s top polluter from fossil fuel power production for the first time in 2024, marking an important shift in Europe’s main polluting hubs away from traditional industrial centres to its fringes. And Turkey’s ascendance in polluting heft extends beyond power, as the country’s production of …
Turkey’s growing power pollution a sign of things to come: Maguire Read More »
SAO PAULO (Reuters) – Brazil’s finance minister expects inflation to “surprise positively” this year as the central bank tightens its monetary policy, but acknowledged in an interview aired late on Wednesday that the annual rate should remain above 4.5% until June. Fernando Haddad told TV channel GloboNews that forecasts of a bumper crop this year …
Brazil’s finance minister sees inflation above target until June Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan With tariff tensions easing a touch for now and price pressures coming off the boil, U.S. Treasury yields have plunged this week – defusing a tense January for bond markets and helping stocks find a foothold in the thick of a …
Morning Bid: Bonds defused, stocks bounce, BoE cut expected Read More »
By George Obulutsa NAIROBI (Reuters) – Kenya’s central bank governor said on Thursday that bank officials did not see much effect on the exchange rate from U.S. President Donald Trump’s foreign aid freeze. In late January, Trump placed a pause on most foreign development assistance pending assessments of efficiencies and consistency with his foreign policy. …
Kenya central bank sees minimal effect on shilling from Trump aid freeze Read More »
By Suban Abdulla LONDON (Reuters) – Activity among British construction firms shrank sharply in January, marking the first contraction in almost a year, according to a survey published on Thursday that also showed cost pressures escalating. The S&P Global/CIPS UK Construction Purchasing Managers’ Index fell to 48.1 last month from December’s 53.3, coming in below …
UK construction activity tumbles in January, hit by housebuilding, PMI shows Read More »
