(Reuters) – Mortgage finance firm Freddie Mac said on Tuesday James Whitlinger, who has been filling in as its interim chief financial officer since June, has taken on the role permanently. In his decade-long stint at the company, Whitlinger has also served as its senior vice president and finance chief of the single-family business. Freddie …
Freddie Mac’s interim CFO to assume role permanently Read More »
BRASILIA (Reuters) – Brazil’s federal tax revenue posted double-digit growth in November, the revenue service said on Tuesday, maintaining the strong momentum seen this year as the government works to boost revenue to improve the country’s primary budget balance. The government of leftist President Luiz Inacio Lula da Silva aims to eliminate the primary deficit, …
Brazil’s federal tax revenue posts double-digit growth in November Read More »
By David Milliken LONDON (Reuters) – Activity in Britain’s construction industry grew at the slowest pace in six months in December, dented by a further fall in house-building, a survey showed on Tuesday. The S&P Global Purchasing Managers’ Index for the construction sector dropped to 53.3 in December from November’s 55.2, its lowest since June …
UK construction growth slows to 6-month low, PMI shows Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s trade surplus shrank by nearly 25% in 2024 compared to the previous year, to $74.6 billion, official data showed on Monday, driven by higher imports as Latin America’s largest economy outpaced initial growth expectations. The annual result followed a $4.8 billion surplus in December, which exceeded a $3.9 billion …
Brazil’s trade surplus shrinks by nearly a quarter in 2024 on rising imports Read More »
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Monday that the government has no plans to raise the financial transactions tax, known as IOF, to address U.S. dollar outflow following the sharp depreciation of the Brazilian currency last year. “There is no discussion about changing the exchange rate regime in Brazil or increasing …
Brazil’s finance minister rules out hiking taxes to curb dollar outflow Read More »
DUBLIN (Reuters) – Ireland recorded a budget surplus of around 7% of modified gross national income in 2024, mainly due to most of a 14 billion-euro ($14.5 billion) back tax bill paid by Apple flowing into the exchequer, the finance ministry said on Monday. Ireland had forecast a surplus of around one-third of that level …
Irish 2024 budget surplus hits 7% of national income on Apple windfall Read More »
By Steven Scheer JERUSALEM (Reuters) -The Bank of Israel left interest rates unchanged for the eighth straight meeting on Monday, citing expectations of higher inflation and economic uncertainty due to Israel’s war with the Palestinian militant group Hamas in Gaza. But central bank governor Amir Yaron held out the prospect of rate reductions should price …
Bank of Israel holds rates on high inflation, economic uncertainty Read More »
By Howard Schneider (Reuters) – The U.S. Federal Reserve can be cautious with any further interest rate cuts given a solid economy and inflation proving stickier than previously expected, Fed Governor Lisa Cook said on Monday. Since the Fed began cutting its benchmark policy rate in September, “the labor market has been somewhat more resilient, …
Fed’s Cook: Further rate cuts can come cautiously Read More »
(Reuters) – U.S.-based freight forwarding company Forward Air said on Monday its board had initiated a comprehensive review of strategic options including a merger or a sale of the company. The move comes nearly five months after activist investor Ancora Holdings reportedly urged Forward Air to consider a sale, and warned a board challenge might …
Forward Air to explore alternatives, including sale Read More »
NAIROBI (Reuters) – Kenya’s private sector activity expanded very slightly in December, with growth slowing a little from a month earlier but remaining supported by increased customer sales, a survey showed on Monday. The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) dipped to 50.6 in December from 50.9 a month earlier. Readings above 50.0 signal …
Kenya private sector activity expands at slower pace in December, PMI shows Read More »
