Reuters US Economy Archives - Page 333 of 866

Australia Treasurer to consult with counterpart on makeup of new RBA boards

10 Dec 2024 10 Dec 2024

SYDNEY (Reuters) – Australia Treasurer Jim Chalmers said on Tuesday he would consult with his opposition counterpart Angus Taylor on the makeup of new Reserve Bank of Australia boards, to take effect after the central bank’s next policy meeting in February. “The new boards won’t begin until after the February meeting. They will be in …

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Malaysia’s October industrial production up 2.1%, below forecast

10 Dec 2024 10 Dec 2024

KUALA LUMPUR (Reuters) – Malaysia’s industrial production index rose 2.1% from a year earlier in October, below expectations, government data showed on Tuesday. October’s factory output had been forecast to expand 2.5%, according to 12 economists surveyed in a Reuters poll. (Reporting by Rozanna Latiff; Editing by Himani Sarkar)

FX markets brace for G10 policy blitz: McGeever

10 Dec 2024 10 Dec 2024

By Jamie McGeever ORLANDO, Florida (Reuters) -An extraordinary year for investors is poised to end with a monetary policy bang, with almost every G10 central bank scheduled to deliver interest rate decisions over a 10-day period this month. Four of the G10 central banks meet this week and five, including the Federal Reserve, meet …

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Colombia’s interior minister says proposed $2.73 billion fiscal reform not viable

9 Dec 2024 9 Dec 2024

BOGOTA (Reuters) – Colombia’s Interior Minister Juan Fernando Cristo on Monday said the government’s proposed 12 trillion peso ($2.73 billion) fiscal reform was “not viable,” but added that a smaller sum could be achieved. Colombia’s government presented its latest fiscal reform to Congress in September, which it hopes will finance spending in 2025 by increasing …

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Canadian government to present mini budget on Dec. 16

9 Dec 2024 9 Dec 2024

By Ismail Shakil OTTAWA (Reuters) – The Canadian government will present its fall economic statement on Dec. 16, the finance ministry said on Monday, announcing a date for the budget update that will show the government’s revised deficit estimate. The mid-fiscal-year mini budget will be presented later than usual due to gridlock in parliamentary proceedings, …

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Apollo-owned Novolex to take packaging products maker Pactiv private in $6.7 billion deal

9 Dec 2024 9 Dec 2024

(Reuters) -Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage packaging in a cautious economic environment. Novolex will offer $18 per share to take Pactiv private in an all-cash transaction, including debt, the companies said on …

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Enterprise Bancorp to merge into regional lending peer Independent Bank in $562 million deal

9 Dec 2024 9 Dec 2024

(Reuters) – Enterprise Bancorp and Independent Bank, the parent of Rockland Trust, have agreed to merge in a cash-and-stock deal valued at $562 million, they said on Monday, as regional lenders continue to consolidate their operations. Massachusetts-based Enterprise will merge into Independent and its subsidiary Enterprise Bank will merge into Rockland Trust, the companies said. …

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US private credit firm Golub Capital to set up base in Abu Dhabi

9 Dec 2024 9 Dec 2024

By Federico Maccioni ABU DHABI (Reuters) -U.S.-listed direct lender and private credit manager Golub Capital is opening an office in the UAE’s capital Abu Dhabi, it said on Monday, joining dozens of other firms looking to grow their business in the region and deepen ties with its wealth funds. Golub, which had more than $70 …

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LGIM says not too positive on China; UK gilts offer value

9 Dec 2024 9 Dec 2024

By Naomi Rovnick LONDON (Reuters) -China still faces a very difficult economic situation and it is hard to be positive on the world’s second-biggest economy just yet, Legal & General Investment Management’s Chief Investment Officer Sonja Laud said on Monday. China will adopt an “appropriately loose” monetary policy next year, the first easing of its …

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Argentina’s Mr Market Javier Milei wants to make austerity great again

9 Dec 2024 9 Dec 2024

By Lucila Sigal BUENOS AIRES (Reuters) – Argentina’s libertarian President Javier Milei laid out a bleak vision in his maiden speech a year ago amid an economic crisis. He warned there was “no money”, pledged shock therapy for the economy and said things would get worse before they got better. The crowd in front of …

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