WASHINGTON (Reuters) – U.S. wholesale inventories fell more than initially thought in September amid a sharp decline in motor vehicle stocks. The Commerce Department’s Census Bureau said on Thursday that wholesale inventories dropped 0.2% instead of the previously reported 0.1% dip. Stocks at wholesalers rose 0.2% in August. Economists polled by Reuters had expected that …
US wholesale inventories revised lower in September Read More »
By Marcela Ayres BRASILIA (Reuters) – Economists raised their projections for Brazil’s borrowing costs at the end of its tightening cycle after the central bank accelerated its rate hike and signaled that even with a more aggressive rate path, inflation remains above target. On Thursday, futures markets also began pricing in expectations that Brazil’s central …
Economists see higher peak for Brazil’s rates as central bank keeps tightening Read More »
By Ateeq Shariff (Reuters) – Most stock markets in the Gulf ended higher on Thursday in line with global shares as investors navigated the implications of a second Donald Trump presidency. Trump recaptured the White House with a sweeping victory on Wednesday as tens of millions of Americans looked past his criminal charges and divisive …
Most Gulf markets in black as investors weigh Trump win Read More »
(Reuters) – Molson Coors on Thursday forecast lower full-year sales signaling that higher prices might be beginning to dent demand for the beer maker’s brands such as Blue Moon and Coors Light especially in the United States. The company’s shares were down 2% before the bell. Molson Coors has been consistently raising prices to offset …
Molson Coors forecasts annual sales decline as higher prices hit demand Read More »
By Chris Taylor NEW YORK (Reuters) – A couple of years ago, Amanda Coffee and her husband were poring over her company’s open enrollment options, when she noticed an intriguing legal benefit. “The benefit cost roughly $200 for a year of legal services, which is a lot less than contracting a lawyer on our own,” …
Open enrollment tips: Don’t overlook these three key benefits Read More »
By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) – The Philippine economy grew in the third quarter at its slowest annual pace in more than a year as severe weather disrupted government spending and dampened farm output, to strengthen the case for further policy easing. Gross Domestic Product (GDP) grew 5.2% in the July-September …
Philippine third-quarter growth slows to its weakest in more than a year Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Politics is often a major driver of exchange rates in emerging economies where elections, leaders and government policies can play a big role in shaping trade and investment flows. That’s not often the case for major currencies in markets with much deeper investment flows and liquidity – like the …
(Reuters) – Chinese regulators have asked the country’s banks to lower the rates they pay to deposits from other financial institutions to free up funds to boost the economy, Bloomberg News reported on Thursday, citing people familiar with the matter. China’s interest rate self-disciplinary mechanism, a supervisory body overseen by the central bank, said banks …
BANGKOK (Reuters) – Thailand’s economy stands to gain from any U.S.-China trade war, Thai Commerce Minister Pichai Naripthaphan said on Thursday, adding the Southeast Asian country had good relations with both nations and would not need to take sides in a dispute. In a trade war, U.S. imports of Chinese goods would drop and Thai …
Thailand would benefit from any U.S-China trade war, says minister Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s Finance Minister said on Wednesday the government has concluded talks on new measures to strengthen the fiscal framework, seen as crucial to improve the valuation of the country’s risk assets, which have been hit by fiscal concerns and volatility linked to the U.S. election. Following Republican Donald Trump’s White …
Brazil finalizes talks on new fiscal measures amid volatility post US election Read More »
