By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) -The Mexican peso rallied out of a selloff on Monday after 25% U.S. tariffs on Mexican products, expected to be imposed Tuesday, were delayed by a month as Mexico agreed to reinforce its northern border. “Our teams will start working today in two areas: security and …
Mexican peso rallies after touching 3-year low as tariffs delayed Read More »
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) -Brazilian analysts say the tariffs announced by U.S. President Donald Trump against Canada, Mexico and China could cause a currency-related inflation surge in Latin America’s largest economy, clouding the central bank’s outlook for interest rates. Although Brazil’s central bank emphasized that inflation risks remained tilted to the …
Trump’s tariffs raise fears Brazil’s central bank is out of step on inflation Read More »
SYDNEY (Reuters) – Australia will not be immune from escalating global trade tensions but is confident it can navigate the changes, Treasurer Jim Chalmers said on Tuesday. “These are big developments out of the U.S. but they are not a big surprise. These changes were flagged in one way or another during the election campaign,” Chalmers told …
Australia ‘well prepared’ to manage global trade tensions, treasurer says Read More »
((The views expressed here are those of Joachim Klement, an investment strategist at Panmure Liberum, the UK’s largest independent investment bank).) By Joachim Klement The year started off well for European stock markets, with attention-grabbing outperformance versus the U.S. But what was really needed to reverse the multi-year trend of European equity outflows was a …
Column-Tech vol could pull European investors back home: Klement Read More »
ANKARA (Reuters) – A recent change in Turkey’s health regulations is expected to add 0.6 percentage points to inflation in February and push annual inflation up by 1.5 percentage points, economists estimate. Under the new regulation, patient contribution fees for health services in public hospitals have increased by 233%, while fees for large city hospitals …
Health payment changes to drive Turkish inflation higher in Feb, economists say Read More »
WASHINGTON (Reuters) – U.S. construction spending increased more than expected in December, boosted by single-family homebuilding, but high mortgage rates could curb further gains in new residential construction. The Commerce Department’s Census Bureau said on Monday that construction rose 0.5% after an upwardly revised 0.2% increase in November. Economists polled by Reuters had forecast construction …
US construction spending beats expectations in December Read More »
By Duncan Miriri DAR ES SALAAM (Reuters) – African countries plan a fresh push at international summits this year for standard measures of economic strength such as GDP to have better recognition of their vast natural assets and resources. The initiative is being driven by the African Development Bank in the hope that recalibrating GDP …
Africa takes GDP recalculation campaign to G20, but scepticism abounds Read More »
By Karen Braun NAPERVILLE, Illinois (Reuters) -The recent buildup of speculators’ massively bullish Chicago corn bets has been well publicized. But the growing and now unparalleled rift between investors’ corn and wheat positions may have been less apparent. In the week ended Jan. 28, money managers increased their net long position in CBOT corn futures …
Unprecedented clash forms between funds’ CBOT corn and wheat views -Braun Read More »
FRANKFURT (Reuters) -Euro zone inflation accelerated last month but remained on an anticipated course that could let the European Central Bank cut interest rates further, even if a surging dollar, a looming trade war and higher gas prices raise uncertainty. The ECB lowered borrowing costs for the fourth straight time last week and hinted at …
Euro zone inflation rises but March rate cut still likely Read More »
BRUSSELS (Reuters) – If Europe is attacked on its commercial interests it will have to make itself respected, French President Emmanuel Macron said on Monday ahead of an informal defence meeting with EU leaders in Brussels. He added that recent declarations from the United States are pushing Europe to be stronger and more united. “As …
Europe will have to make itself respected if commercial interests attacked, Macron says Read More »
