MEXICO CITY (Reuters) – Mexico’s President Claudia Sheinbaum said on Sunday that reason should prevail a day after her government and the U.S. announced tariffs against one another, raising her fist in the air as she said she does not lack courage to respond. Sheinbaum ordered retaliatory tariffs on Saturday in response to the U.S. …
Mexico’s Sheinbaum vows resilience as US tariffs trigger trade war Read More »
By Jihoon Lee SEOUL (Reuters) – South Korea’s factory activity expanded marginally in January, with production rising for the first time in five months on robust overseas demand, a private-sector survey showed on Monday. The purchasing managers index (PMI) for manufacturers in Asia’s fourth-largest economy, compiled by S&P Global, rose to 50.3 in January, topping …
South Korea factory activity expands as output grows on overseas demand, PMI shows Read More »
SEOUL (Reuters) – South Korea’s retail sales declined in December, reflecting weak consumer spending and the fallout of impeached President Yoon Suk Yeol’s martial law declaration during what is usually one of the busiest shopping periods, government data showed on Monday. December retail sales declined 0.6% after staying flat in November, failing to grow for …
South Korea Dec retail sales decline amid political upheaval Read More »
By Robert Harvey and Georgina McCartney LONDON/HOUSTON (Reuters) – U.S. President Donald Trump’s trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their U.S. rivals, analysts and market participants told Reuters. Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods …
Analysis-Trump’s oil tariffs a boost for European and Asian refiners Read More »
PARIS (Reuters) – French Prime Minister Francois Bayrou urged the European Central Bank to cut rates faster to help bolster economic growth in Europe now that inflation is back to normal levels, saying it was crucial to compete with superpowers like China and America. “When will the European Central Bank actively support the economic activity …
French PM urges ECB to cut rates to boost growth Read More »
MUMBAI (Reuters) -India will spend 4.57 trillion rupees ($52.81 billion) on subsidies for food, fertilisers and rural employment schemes in the next financial year, nearly unchanged from the current year’s allocation, according to the federal government’s budget documents released on Saturday. The federal government has budgeted a collective spending of 4.54 trillion rupees for the …
Allocation for food, fertilisers and job subsidies nearly flat at 4.57 trillion rupees Read More »
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -Colombia’s central bank held the benchmark interest rate at 9.50% on Friday, surprising the market, which expected policymakers to vote for a second consecutive 25 basis point cut. The decision was backed by five members of the seven-member board. One member voted for a cut of 25 …
Colombia central bank holds benchmark interest rate at 9.50% in surprise move Read More »
OTTAWA, Jan 31 (Reuters) – Canada recorded a slightly higher C$22.72 billion ($15.66 billion) budget deficit for the first eight months of the 2024/25 fiscal year compared to the previous year-ago period as government expenditures grew faster than revenues, the finance ministry said on Friday. The 2023/24 April-November deficit was C$19.14 billion, it said in …
Canada budget deficit over first eight months of 2024/25 jumps to C$22.72 billion Read More »
FRANKFURT (Reuters) – Euro zone inflation will be back at the European Central Bank’s 2% target by the summer and interest rates could keep on falling to support the economy, French central bank chief Francois Villeroy de Galhau said just a day after the ECB’s fourth straight rate cut. “The direction of the travel is …
ECB back at target by summer, supporting policy easing, Villeroy says Read More »
SAO PAULO (Reuters) – Brazil’s jobless rate came in slightly above market expectations in the final quarter of 2024 but reached its lowest yearly average for the current data series after the labor market showed continued resilience throughout last year. Unemployment in Latin America’s largest economy hit 6.2% in the three months through December, statistics …
Brazil’s jobless rate hits lowest yearly average ever in 2024 Read More »
