JOHANNESBURG (Reuters) – South African private sector activity contracted sharply in January as output fell due to lower sales, a survey showed on Wednesday. The S&P Global South Africa Purchasing Managers’ Index (PMI) fell to 47.4 in January from 49.9 in December, its lowest since July 2021. A reading above 50 shows growth. “New orders …
South Africa business activity contracts again in January, PMI shows Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan will continue to raise interest rates if underlying inflation accelerates toward its 2% target as projected, a senior central bank official said on Wednesday. “Underlying inflation is heading toward 2% but still remains below that level now. As such, we must support economic activity with loose …
BENGALURU – Growth in India’s dominant services sector was the slowest in over two years in January amid cooling demand but remained historically strong and led to a substantial rate of hiring, a business survey showed on Wednesday. Asia’s third-largest economy has been struggling with slackening consumption. To try and boost spending the government gave …
Growth in India services sector slows to more than 2-year low in Jan, PMI shows Read More »
ABU DHABI (Reuters) – The UAE’s non-oil private sector continued to expand robustly at the start of 2025, although capacity pressures and competitive challenges posed headwinds, a survey showed on Wednesday. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index was 55.0 in January, slightly down from December’s nine-month high of 55.4, but well above …
UAE non-oil business sector expands robustly in January, PMI shows Read More »
By Andy Home LONDON (Reuters) -Aluminium is expected to be the top performer among the London Metal Exchange (LME) base metals pack in 2025, with analysts forecasting a supply shortfall of the light metal this year. Analysts participating in the Reuters January base metals poll also see higher average cash prices for zinc, copper and …
Aluminium is base metals analysts’ bull pick for 2025: Andy Home Read More »
(Reuters) – Industrial equipment maker IDEX Corp reported a better-than-expected quarterly profit on Tuesday, driven by strong sales of its health and science technology segment products. Quarterly sales in IDEX’s health and sciences technology segment, which includes components and equipment used in clinical diagnostics and drug discovery, as well as in the food processing and …
IDEX’s fourth-quarter profit beats estimates on strong equipments sales Read More »
By Andrea Shalal WASHINGTON (Reuters) – Members of U.S. President Donald Trump’s trade team are unified in their goal of shifting the U.S. government from relying too much on income taxes and focusing more on revenues from tariffs and other external sources, a top trade official said on Tuesday. White House trade adviser Peter Navarro …
Trump 2.0 marks ‘quantum leap’ on trade from first term, Navarro says Read More »
By Marcela Ayres BRASILIA (Reuters) – Brazil’s Treasury on Tuesday estimated that federal public debt will rise up to 16% this year, as bonds linked to the benchmark interest rate potentially exceed half of total debt, exposing them to the central bank’s aggressive push to tame inflation and making it costlier for the country to …
Brazil 2025 public debt seen rising by double-digits, rate-linked bonds soar Read More »
MEXICO CITY (Reuters) – Mexico’s finance ministry said on Tuesday it was implementing measures to guarantee the stability of financial markets, as the peso currency and local stock exchange have undergone extended volatility amid the threat of U.S. tariffs on Mexican exports. Among the measures, the so-called budget revenue stabilization fund was strengthened and capitalized …
Mexico implements measures to ensure stability of financial markets Read More »
BRASILIA (Reuters) – Brazilian lower house speaker Hugo Motta said on Tuesday that the chamber will put a greater priority on the country’s fiscal stability. In an interview with TV outlet GloboNews, Motta, who was elected lower house chief last Saturday, said the government needs to acknowledge that Brazil’s economic situation is critical, and that …
Brazil’s new lower house speaker targets fiscal stability as priority Read More »
