Reuters US Economy

(Reuters) -Truck-maker PACCAR is recalling 220,972 vehicles in the U.S. due to issues with the electronic control units (ECU) that might impact systems associated with braking and stability control, the U.S. auto safety regulator said on Thursday. The recall includes some 2021-2025 Peterbilt and Kenworth vehicles, the National Highway Traffic Safety Administration said. Electrical noise …

Truck-maker Paccar to recall 220,972 US vehicles over electronic system issues Read More »

By Ellen Zhang and Kevin Yao BEIJING (Reuters) – China pledged on Thursday to increase the budget deficit, issue more debt and loosen monetary policy to maintain a stable economic growth rate as it girds for more trade tensions with the U.S. as Donald Trump returns to the White House. The remarks came in a …

China pledges more debt, rate cuts to counter Trump’s tariff threats Read More »

By Maria Martinez BERLIN (Reuters) -A long-awaited recovery for the German economy has been pushed further back, with three economic institutes revising their forecasts on Thursday.  The German economy is expected to stagnate next year following a 0.3% contraction last year and an expected decline of 0.2% this year, the IfW Kiel Institute for the …

German economy expected to remain weak in 2025, institutes says Read More »

By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK (Reuters) – The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which excitement over artificial intelligence and expectations of falling interest rates fueled a searing rally in technology stocks. The tech-heavy index is …

Stunning rally in Big Tech drives Nasdaq to 20,000 Read More »

By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank raised interest rates by a greater-than-expected 100 basis points on Wednesday and pointed to matching hikes for the next two meetings, signaling a shift to a new government-named governor will not weaken its determination to battle inflation. If the proposed roadmap is followed, the benchmark borrowing rate …

Brazil’s central bank hikes more than expected, signals more tightening ahead Read More »

By Brendan O’Boyle MEXICO CITY (Reuters) -Mexico’s central bank on Wednesday expressed confidence in the country’s financial system despite the “notable weakness” of Latin America’s second-largest economy and risks from market volatility and potential trade conflicts. In its biannual financial stability report, the Bank of Mexico credited robust institutions for the system’s stability, noting its …

Bank of Mexico touts financial system’s stability despite economy’s weakness Read More »