BRASILIA (Reuters) – Lawmakers in Brazil’s lower house of Congress approved on Tuesday a bill that includes regulations needed to implement a constitutional tax reform, following a Senate vote to approve the bill. The proposal will now head to President Luiz Inacio Lula da Silva for his signature. The bill sets rules needed to consolidate …
Brazil lawmakers pass key regulations to enact tax reform Read More »
(Reuters) – Pay deals awarded by British employers were steady in the three months to November and are likely to slow next year as companies economise to meet higher tax bills introduced by the new government’s first budget, a survey showed on Wednesday, Human resources data firm Brightmine said the median pay award held at …
UK employers hold pay deals at 4% before expected fall in 2025, survey shows Read More »
By Fabian Cambero and Brendan O’Boyle SANTIAGO (Reuters) – Chile’s central bank cut its benchmark interest rate by 25 basis points to 5.00% on Tuesday, extending an easing cycle that began last year while also warning of inflation risks in the short term. The unanimous decision was in line with forecasts from analysts and traders …
Chile central bank cuts interest rate but calls for caution Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -As the classic market cliche goes, investors should worry most when the consensus is overwhelmingly optimistic and be bullish when it’s overwhelmingly bearish. If investors apply this logic to the 2025 U.S. stock market outlook, they should be running for the hills. By many measures – sentiment surveys, positioning, …
The five charts flashing red for U.S. equity bulls: McGeever Read More »
By Carolyn Cohn and Noor Zainab Hussain LONDON (Reuters) -International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out. Rising losses from storms, hurricanes and wildfires in recent years have caused some insurers, such as Allstate and State Farm, …
International, domestic insurers push into catastrophe-hit US property markets Read More »
TORONTO (Reuters) – Canada’s annual inflation rate unexpectedly slowed by a tick to 1.9% in November, driven by a broad-based slowdown in prices, and the consumer price index was unchanged on a monthly basis, data showed on Tuesday. Market reaction: [CAD/] Link: COMMENTARY ROBERT BOTH, MACRO STRATEGIST, TD SECURITIES “The core inflation momentum is certainly …
Instant view: Canada’s inflation rate ticks down to 1.9% in November Read More »
FRANKFURT (Reuters) – The European Central Bank will apply a favourable regulatory treatment of banks’ insurance holdings on a “case by case” basis, the ECB’s top supervisor Claudia Buch said on Tuesday. The so-called Danish compromise, which reduces the cost in terms of capital for banks to own an insurer, is key to a number …
ECB to apply Danish compromise on insurers case by case, says Buch Read More »
By Rachel More BERLIN (Reuters) -German business morale worsened more than expected in December, a survey showed on Tuesday, weighed down by companies’ pessimistic assessment of the coming months amid geopolitical uncertainty and an industrial slump in Europe’s largest economy. The Ifo institute said its business climate index decreased to 84.7 in December from a …
German business sentiment tumbles in December amid ‘chronic’ weakness Read More »
By Lucy Craymer and Alasdair Pal WELLINGTON (Reuters) – New Zealand’s Treasury on Tuesday outlined rising unemployment, a slower improvement to the economy and a weaker balance sheet, as the government projected it would not be able to return to surplus within its five-year forecast period. “The Half Year Economic and Fiscal Update released today …
New Zealand expects to post budget deficits over five-year forecast period Read More »
SINGAPORE (Reuters) – Singapore’s non-oil domestic exports rose 3.4% in November from the same month a year earlier, data on Tuesday showed, as shipments of electronics increased while non-electronics declined. The rise compared with a revised fall of 4.7% in October and a Reuters poll forecast of a 0.7% drop. On a month-on-month seasonally adjusted basis, …
Singapore’s November exports rise 3.4% y/y, stronger than forecast Read More »
