ISTANBUL (Reuters) – Turkey’s net monthly minimum wage will be 22,104 Turkish lira ($630.36) in 2025, Turkish President Tayyip Erdogan said on Tuesday, marking a 30% increase from 2024. The minimum wage hike, which impacts some 9 million workers and is seen as a benchmark for the increase in private sector salaries, is expected to …
Turkey raises monthly minimum wage by 30% for 2025 Read More »
By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s central bank board could discuss a rate cut of either 25 basis points or 50 basis points in its next decision in February, Deputy Governor Jonathan Heath told Reuters, even as he warned of growing uncertainty regarding U.S. trade. Heath stipulated that the final decision would …
BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved new minimum wage increases from January, tax breaks to boost spending and the second phase the government’s signature handout scheme, the prime minister said. Paetongtarn Shinawatra also told reporters she hoped for economic growth of more than 3% next year. The government has said it wants to …
Thai cabinet approves handouts, minimum wage increase and tax breaks, PM says Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan policymakers agreed in October to keep raising interest rates if the economy moves in line with their forecast, but some stressed the need for caution on uncertainty over U.S. economic policy, minutes of the meeting showed on Tuesday. The debate highlights how overseas economic risks, particularly those …
BOJ debated need for caution in raising rates, Oct minutes show Read More »
By Matt Tracy (Reuters) – It could be a bumpy ride for U.S. corporate bond spreads in 2025, with investors and strategists expecting more market volatility, as the new Trump administration implements a reform agenda that could be inflationary and slow the pace of U.S. interest rate cuts. Corporate credit spreads, the premium over Treasuries …
Bumpy ride for US corporate bond spreads expected in 2025 Read More »
By David Ljunggren OTTAWA, Dec 23 (Reuters) – The Bank of Canada’s decision to cut rates by 50 basis points on Dec 11 was a close call, with some members of the governing council suggesting a smaller reduction, according to minutes released on Friday. The central bank slashed its key policy rate to 3.25% to …
Bank of Canada’s Dec 11 jumbo rate cut was a close call, minutes show Read More »
By Harry Robertson LONDON (Reuters) -Euro zone government bond yields rose to their highest level in around a month on Monday as investors continued to try to gauge the outlook for central bank rate cuts in 2025. The Federal Reserve last week put upward pressure on U.S. government bond yields, which set the tone for …
OTTAWA (Reuters) – Canada’s economy exceeded market expectations with 0.3% growth in October, led by increases in oil and gas extraction and manufacturing, but gross domestic product likely contracted in November, data showed on Monday. Analysts polled by Reuters had forecast a 0.2% month-over-month rise in October. September’s growth rate was upwardly revised to 0.2% …
Canada’s economy tops October growth forecast; contraction seen in November Read More »
BRASILIA (Reuters) – Brazil recorded a current account deficit of $3.1 billion in November, the central bank said on Monday, widening the 12-month shortfall mainly due to a weaker trade surplus. The monthly deficit was narrower than the $3.3 billion forecast in a Reuters poll of economists, but marked a significant deterioration from the $3 …
Brazil posts $3.1 billion current account deficit in November Read More »
BEIJING (Reuters) – China’s domestic demand is gathering pace as cautious consumers increasingly choose to rent items from cameras to handbags rather than buying them, the official People’s Daily said, though government data tell a different story. The rise of the “rent, not buy” model has injected new impetus into the world’s second-largest economy, the …
Chinese media hail consumption boost even as caution spurs rentals, not buying Read More »
