Reuters US Economy

Trump threat pushes risks to Irish economy firmly to downside – central bank

17 Dec 2024

DUBLIN (Reuters) – The threat to Ireland’s foreign multinational-focused economy and public finances from the incoming U.S. administration has pushed the risks to the country’s favourable economic picture firmly to the downside, the Irish central bank said on Tuesday. Ireland is especially exposed to President-elect Donald Trump’s pledges to slash corporate tax, incentivise industries to …

Trump threat pushes risks to Irish economy firmly to downside – central bank Read More »

Australia’s prudential regulator finds gaps in super fund valuation, liquidity practices

17 Dec 2024

(Reuters) – Australia’s prudential regulator said on Tuesday its review found deficiencies in valuation governance and liquidity risk management among superannuation trustees, urging immediate remediation to meet Prudential Standard SPS 530 Investment Governance (SPS 530). The Australian Prudential Regulation Authority (APRA) found that while trustee capability and approach have generally improved since the last unlisted …

Australia’s prudential regulator finds gaps in super fund valuation, liquidity practices Read More »

Brazil currency hits record low amid ongoing fiscal woes

17 Dec 2024

By Marcela Ayres, Gabriel Araujo SAO PAULO/BRASILIA (Reuters) -Market anxiety dragged Brazil’s real currency to a historic low on Monday as significant central bank interventions again failed to counter market concerns over government spending. The real closed at 6.09 per U.S. dollar, with a year-to-date depreciation shaving off a fifth of its value, making it …

Brazil currency hits record low amid ongoing fiscal woes Read More »

Bank of Canada: world is now more prone to shocks than we’d like

16 Dec 2024

By David Ljunggren OTTAWA, Dec 16 (Reuters) – Bank of Canada Governor Tiff Macklem on Monday said the world was now more prone to economic shocks and the central bank therefore needed to ensure it was better prepared for an uncertain future. Macklem said deglobalization, demographic shifts, digitalization and decarbonization were all having significant effects …

Bank of Canada: world is now more prone to shocks than we’d like Read More »

Cuba predicts 1% growth in 2025 after dismal year, economy minister says

16 Dec 2024

HAVANA (Reuters) – Cuban Economy Minister Joaquín Alonso Vázquez on Monday forecast the Caribbean island’s economy would grow only 1% in 2025 after a dismal year marked by one of the country’s worst energy crisis in decades. The minister, speaking to a closed-door session of a parliament commission, did not provide an estimate for Gross …

Cuba predicts 1% growth in 2025 after dismal year, economy minister says Read More »

Argentina’s economy expands 3.9% in Q3 versus Q2

16 Dec 2024

BUENOS AIRES (Reuters) – Argentina’s economy in the July to September period notched its first quarter-on-quarter economic expansion since entering a technical recession at the end 2023, but contracted yet again in yearly terms, official data showed on Monday. Gross domestic product (GDP) expanded 3.9% in the third quarter in seasonally-adjusted terms versus the second …

Argentina’s economy expands 3.9% in Q3 versus Q2 Read More »

Regional lenders Berkshire Hills Bancorp, Brookline strike $1.1 billion merger deal

16 Dec 2024

By Manya Saini (Reuters) -Berkshire Hills Bancorp and Brookline Bancorp have agreed to merge in an all-stock deal valued at about $1.1 billion, the regional lenders said on Monday, in yet another sign of increasing consolidation within the industry. Regional lenders that were at the heart of the banking crisis in 2023 have been cutting …

Regional lenders Berkshire Hills Bancorp, Brookline strike $1.1 billion merger deal Read More »

Australia takes HSBC to court over neglecting scam victims

16 Dec 2024

(Reuters) -Australia’s corporate regulator has initiated legal action against the local affiliate of the global bank HSBC, claiming it failed to correctly respond to about 950 reports of customers losing close to a million dollars or more. The Australian Securities and Investments Commission (ASIC) is alleging HSBC took, on average, 145 days to look into …

Australia takes HSBC to court over neglecting scam victims Read More »

Jana urges Lamb Weston board to fix company or put itself up for sale

16 Dec 2024

By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investor Jana Partners urged Lamb Weston on Monday to replace board members and top executives to improve its performance or else put itself up for sale. “Lamb Weston’s Board and management have wasted the chance to sustain and grow shareholder value in a high-quality business,” the hedge …

Jana urges Lamb Weston board to fix company or put itself up for sale Read More »

Close Bitnami banner
Bitnami