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Brazil economic activity beats forecasts in November despite monetary tightening

16 Jan 2025

BRASILIA (Reuters) – Economic activity in Brazil exceeded market expectations in November, official data showed on Thursday, adding to a string of stronger-than-anticipated performances despite the central bank’s ongoing monetary tightening cycle. The IBC-Br index, a leading indicator of gross domestic product (GDP), rose 0.1% in seasonally adjusted terms from October, while economists polled by …

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Analysis-Dollar rules as investors eye Trump’s economic policies

16 Jan 2025

By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. President-elect Donald Trump’s imminent return to the White House and fading hopes for aggressive interest rate cuts have driven the dollar to multi-year highs, and investors see this strength continuing, aided by the new administration’s pro-growth and inflationary policies. The dollar index, which measures the greenback’s …

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Capital Group launches its first small and mid-cap ETF in US market

16 Jan 2025

By Suzanne McGee (Reuters) – Capital Group on Thursday launched its first exchange-traded fund designed to track small and mid-cap U.S. stocks, a segment of the ETF market where new fund launches remain relatively rare. Of the more than $10 trillion in assets invested in U.S. ETFs, only about $440 billion currently is invested in …

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Japan wholesale inflation steady near 4%, BOJ eyes rate hike next week

16 Jan 2025

By Leika Kihara TOKYO (Reuters) -Japan’s annual wholesale inflation held steady at 3.8% in December on stubbornly high food costs, data showed on Thursday, highlighting persistent price pressures that may prod the central bank to raise interest rates next week. The data comes in the wake of Bank of Japan Governor Kazuo Ueda’s remarks on …

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BOJ will debate whether to hike rates next week, governor Ueda says

16 Jan 2025

TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will debate next week whether to raise interest rates, based on its fresh quarterly growth and inflation forecasts. In remarks made at a meeting with regional bank executives, Ueda also said the new U.S. administration’s policy outlook and domestic firms’ …

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Venezuela inflation was 48% year-on-year in 2024, Maduro tells lawmakers

16 Jan 2025

CARACAS (Reuters) – Venezuela inflation was 48% annually in 2024, the lowest in 12 years, Venezuelan President Nicolas Maduro told lawmakers in an annual address to the national assembly and other officials on Wednesday, just days after he was inaugurated for a third term. Maduro, whose nearly 12 years in office have been marked by …

Venezuela inflation was 48% year-on-year in 2024, Maduro tells lawmakers Read More »

Brazil orange juice exports volume falls 20% from July to December

15 Jan 2025

SAO PAULO (Reuters) – Brazil’s exports of orange juice fell 19.7% in the first six months of the 2024/25 crop when compared to the same period in the previous season, exporters’ group CitrusBR said on Wednesday. The Latin American nation exported 430,078 metric tons of orange juice in the period, said CitrusBR, which gathers firms …

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Bank of England’s Taylor says it’s time to cut interest rates

15 Jan 2025

By Andy Bruce LEEDS, England (Reuters) -The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain’s economy, Alan Taylor, the BoE’s most recently appointed interest rate setter, said on Wednesday. Taylor, an economics professor, voted to cut rates in November – when Bank Rate was cut …

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Copper giant Peru sees economy expand for eighth straight month

15 Jan 2025

(Reuters) – Peru’s gross domestic product expanded 3.93% in November compared with the same month of 2023, marking the eighth-consecutive month of economic expansion, the South American government’s INEI statistics agency said on Wednesday. November’s economic expansion in the world’s second-largest copper-exporting nation landed comfortably above the 3.1% forecast of analysts polled by Reuters, and …

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