Reuters US Economy

By Ethan Wang and Joe Cash BEIJING (Reuters) – China’s exports likely grew at the slowest pace in four months in August, as cooling global demand and mounting trade barriers threaten to dim a bright spot in the world’s second-largest economy. Trade data on Tuesday is expected to show outbound shipments grew 6.5% year-on-year by …

China’s exports likely slowed further in August as trade tensions mount: Reuters poll Read More »

PARIS (Reuters) -France has asked the European Commission to extend beyond Sept. 20 a deadline for submitting a plan to reduce its public deficit to align with Paris’ 2025 draft budget, La Tribune du Dimanche said on Sunday, citing the Finance Ministry. France could see its budget deficit spiral unexpectedly higher this year and next …

France asks EU to let it delay submitting budget deficit plan, La Tribune reports Read More »

By Bernardo Caram BRASILIA (Reuters) – Brazil’s government is considering tax hikes that do not require congressional approval to balance this year’s budget, two finance ministry sources said on Friday, after officials acknowledged that new revenue measures could be implemented. Taxes in this category could include a levy on financial transactions (IOF), and import and …

Brazil studies raising taxes without lawmaker approval, sources say Read More »

By Ann Saphir, Lindsay Dunsmuir and Michael S. Derby (Reuters) -Federal Reserve policymakers on Friday signaled they are ready to kick off a series of interest rate cuts at the U.S. central bank’s meeting in two weeks, noting a cooling in the labor market that could accelerate into something more dire in the absence of …

Fed policymakers say they are ready to start cutting interest rates Read More »

MEXICO CITY (Reuters) – Mexico’s headline inflation rate likely eased in August after accelerating for the previous five months, a Reuters poll of analysts showed on Friday, boosting expectations that the Bank of Mexico will cut the benchmark interest rate later this month. The median estimate from eight analysts forecast an annual headline inflation rate …

Mexico inflation seen easing in August after months accelerating: Reuters poll Read More »

By Darya Korsunskaya (Reuters) – A sharper rise in capital investment is one of many improvements to Russia’s 2024 economic outlook, new economy ministry forecasts showed, though stubbornly accelerating inflation may blunt the impact of faster rises in household incomes. Russia’s economic growth relies heavily on large-scale government spending on arms production as Moscow funds …

Russia raises main economic forecasts, sees higher year-end inflation Read More »

By Selena Li, Samuel Shen and Julie Zhu HONG KONG (Reuters) -The merger of two state-backed brokerages in China to create a sector leader with $230 billion in assets is part of Beijing’s drive to consolidate the $1.7-trillion industry amid challenging markets, and the move is set to gather pace, analysts said. Shanghai-based Guotai Junan …

China creates $230 billion brokerage powerhouse as sector consolidates Read More »