Reuters US Economy

Argentina’s Milei defies calls to float Argentine peso freely, FT reports

6 Nov 2025

(Reuters) -Argentina’s President Javier Milei has rejected investor calls to allow the peso to float freely following his victory in midterm elections, the Financial Times reported on Thursday. In an interview to the Financial Times, Milei vowed to accelerate his free-market reforms and deepen his alliance with U.S. President Donald Trump. Milei told the newspaper …

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Bank of Canada governor says budget incentives will enhance productivity if executed well

6 Nov 2025

OTTAWA (Reuters) -Bank of Canada Governor Tiff Macklem said on Wednesday the proposals in the federal budget to enhance the country’s productivity will yield results if they are executed well. “These things are pointing in the right direction, but it’s going to come down to execution,” he said, while answering questions during a testimony before …

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Brazil central bank holds rates, signals confidence in maintaining stance

6 Nov 2025

By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank kept interest rates steady for a third straight meeting on Wednesday, signaling greater confidence that holding borrowing costs at current levels for an extended period will be enough to bring inflation back to target. The bank’s monetary policy committee, known as Copom, unanimously held the benchmark Selic …

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New Zealand’s central bank says labour market woes within expectations

6 Nov 2025

WELLINGTON (Reuters) -New Zealand’s top central banker said on Thursday that the deterioration in the country’s labour market was within the bank’s expectations, after data this week showed the jobless rate in the third quarter rose to the highest level since 2016.  “It is hard out there, that is something that we had anticipated in …

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European shares close higher with earnings in spotlight; tech stocks waver

5 Nov 2025

By Johann M Cherian and Sukriti Gupta (Reuters) -European shares recovered towards the close to end higher on Wednesday, after falling earlier in the session when a selloff in technology stocks weighed on markets, while investors assessed corporate earnings. The pan-European STOXX 600 index ended up 0.2% at 571.9. It had declined as much as …

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Euro zone economy grows at fastest pace in more than two years, PMI shows

5 Nov 2025

LONDON (Reuters) -The euro zone economy expanded at its fastest rate since May 2023 in October, breaking out of the subdued growth pattern seen earlier this year as service sector activity accelerated and demand conditions improved, a survey showed. The HCOB Eurozone Composite Purchasing Managers’ Index, compiled by S&P Global, climbed to 52.5 in October …

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Wall Street bonuses expected to be highest in four years, consultancy says

5 Nov 2025

By Tatiana Bautzer NEW YORK (Reuters) -Wall Street bonuses are expected to rise for the second year for traders and investment bankers on surging deal volume and market volatility, according to financial compensation consultancy Johnson Associates. The bonus pool is expected to be the highest since 2021, when deals and profits surged to a record. …

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Carney’s first budget falls short on vow to transform Canadian economy

5 Nov 2025

By Maria Cheng OTTAWA (Reuters) -Canadian Prime Minister Mark Carney promised his first budget would be a bold blueprint for “generational investments,” to bolster the economy and withstand a trade war with the U.S., but to some analysts Tuesday’s document was a missed opportunity. The budget, they said, ended up falling short on ambition, constrained …

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Canada’s October services PMI shows first expansion in the sector this year

5 Nov 2025

By Fergal Smith TORONTO (Reuters) -Canada’s services economy expanded in October for the first time in 11 months as businesses showed signs of adjusting to economic uncertainty, S&P Global’s Canada services PMI data showed on Wednesday. The headline Business Activity Index rose to 50.5 last month from 46.3 in September, posting its first move above …

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Utility PPL Corp beats quarterly profit estimates on robust sales volume

5 Nov 2025

(Reuters) -PPL Corp beat third-quarter adjusted profit estimates on Wednesday, as the utility was helped by higher sales volume on the back of warmer weather conditions in its service areas. Higher temperatures have prompted consumers to increase their usage of air conditioners during peak summer months, boosting demand and earnings of utilities such as PPL. …

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