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Israel jobless rate dips to 2.6% in December, military reservists weigh

By Steven Scheer JERUSALEM (Reuters) – Israel’s jobless rate slipped to 2.6% in December from 2.7% a month earlier, the Central Bureau of Statistics said on Monday, indicating that military conflict continued to impact the country’s labour market. More than 22% of the labour force were temporarily absent from work in December due to being …

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South Korea braces for Trump’s policies with biggest-ever export finance support

SEOUL (Reuters) – South Korea pledged on Monday a record amount of financing support for exporters to mitigate any negative impact from changes in U.S. trade policies as Donald Trump was poised to be sworn in for his second presidency. The government plans to provide 360 trillion won ($247.74 billion) worth of policy financing to …

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UK home asking prices show biggest early-year rise since 2020, Rightmove says

LONDON (Reuters) – Average asking prices for newly listed homes in Britain had their biggest start-of-the-year increase since 2020 but uncertainty about the pace of interest rate cuts is hanging over the market, property website Rightmove said on Monday. The average price of properties coming to market rose by 1.7% between Dec. 8 and Jan. …

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Mexican executives brace for economic stagnation as Trump returns, poll shows

By Aida Pelaez-Fernandez MEXICO CITY (Reuters) – A majority of business executives in Mexico see the country’s economy stagnating in 2025 amid uncertainty around changes in government in the U.S. and Mexico as well as global geopolitical and trade conflicts, a survey published on Friday found. BY THE NUMBERS About 60% of the nearly 700 …

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Oil output, exports drove Guyana economy’s growth of 43.6% in 2024

By Kemol King and Marianna Parraga GEORGETOWN (Reuters) -Guyana’s economy achieved its fifth consecutive year of double-digit growth in 2024, expanding 43.6% as oil output and exports showed solid increases, the Finance minister said on Friday, but the expansion is expected to slow this year. Latin America’s newest oil producer last year became the region’s …

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Oil prices dip but post 4th straight weekly gain on US sanctions

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions. Brent crude futures dipped 50 cents, or 0.6%, at $80.79 per barrel, but gained 1.3% this week. U.S. West Texas Intermediate …

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CBO sees US 2025 deficit flat at $1.9 trln before any Trump tax changes

By David Lawder WASHINGTON (Reuters) – The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday. The CBO “baseline” estimates are based on current laws and assume that …

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Brazil’s Haddad says high interest rates will curb inflation

By Marcela Ayres BRASILIA (Reuters) -Brazil’s Finance Minister Fernando Haddad said on Friday that high interest rates are poised to have a much stronger effect on inflation than many expect, dismissing fears that fiscal challenges could undermine the effectiveness of monetary policy. “I don’t believe in fiscal dominance at this moment,” Haddad told CNN Brasil, …

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