By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will focus on stronger recovery this year after the island nation posted real GDP growth of 5% in 2024, the highest in seven years, its central bank chief said on Wednesday, hoping to accelerate a rebound from its worst financial crisis in decades. Sri Lanka’s economy crumpled …
Sri Lanka c. bank to focus on stronger crisis recovery in 2025 Read More »
JOHANNESBURG (Reuters) – South African manufacturing activity fell for the second month in a row in December, a local purchasing managers’ index (PMI) survey showed, as demand declined. The seasonally-adjusted PMI sponsored by South African bank Absa slipped to 46.2 points in December 2024 from 48.1 points in November, remaining below the 50-point mark that …
SYDNEY (Reuters) – Job vacancies in Australia rebounded in the November quarter to break nine straight quarters of declines, data showed on Wednesday, in a further sign of resilience in the labour market. Figures from the Australian Bureau of Statistics (ABS) showed vacancies bounced 4.2% in the three months to November, partly reversing a 5.6% …
Australia job vacancies rebound 4.2% in November quarter Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -U.S. financial markets last year were more sensitive to economic surprises than usual, and as Donald Trump prepares to begin his second term as U.S. president investors should buckle up for more of the same in 2025. Especially in Treasuries. The 10-year yield’s sensitivity to inflation and activity data …
Trump trade uncertainty exposes stretched markets to volatility shocks: McGeever Read More »
BUENOS AIRES (Reuters) -Argentina’s economy is seen expanding by 4.5% in 2025 while the country’s inflation rate is estimated to end this year at 25.9%, according to the average forecast of analysts surveyed by the central bank’s market expectations survey published on Tuesday. South America’s second-biggest economy has suffered a prolonged slump, marked by one …
Argentina economy seen growing 4.5% in 2025, inflation cooling to double-digits Read More »
By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s country risk index, an important reflection of how investors view the country’s public debt, closed on Tuesday slightly below the previous day’s close, after a steep fall earlier in the day surprised officials and analysts. The closely watched J.P. Morgan risk benchmark, which shows the yield spread on …
Argentina’s risk index rebounds after steep drop linked to bond payments Read More »
(Reuters) – Fitch Ratings on Tuesday upgraded its rating for El Salvador to B- from its prior CCC+ status, along with a stable outlook, citing a reduction in financing needs helped by a recently announced International Monetary Fund (IMF) program. The B- rating is, however, six notches into the credit rating agency’s speculative grade, or …
Fitch upgrades El Salvador after IMF deal eases financing needs Read More »
MEXICO CITY (Reuters) – Mexico’s annual inflation rate likely fell in December, a Reuters poll of analysts showed on Tuesday, fueling bets the central bank will keep cutting its benchmark interest rate and potentially by more than in recent decisions. The median estimate from 12 analysts showed December’s annual headline inflation rate falling to 4.28%, …
By Marcela Ayres BRASILIA (Reuters) -Brazil’s Finance Minister Fernando Haddad said on Tuesday that the country’s economic growth likely hit 3.6% in 2024, while the primary deficit for the year is expected to have reached 0.1% of gross domestic product (GDP). This means the government of leftist President Luiz Inacio Lula da Silva probably met …
Brazil’s 2024 growth seen at 3.6%, says finance minister Read More »
By Neil J Kanatt (Reuters) -Uniform supplier UniFirst on Tuesday rebuffed again a takeover proposal from Cintas that valued the firm at $5.3 billion and said that it was confident of its strategy as a standalone company. Earlier in the day, the uniform rental firm said that it had offered $275 for each outstanding common …
Uniform supplier UniFirst rebuffs Cintas’ $5.3 billion takeover bid Read More »
