By Suzanne McGee (Reuters) – Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds (ETFs) to attract $55 billion of assets in their first five years. As of late August this year, about eight months after their debut, the 10 new funds approved by U.S. regulators collectively boasted more …
Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time Read More »
WELLINGTON (Reuters) – New Zealand will nearly triple entry fees for tourists, the government said on Tuesday, spurring criticism from the key tourism sector the higher levy will deter visitors. The government said in a statement it would increase the international visitor and conservation and tourism fees starting on Oct. 1 to NZ$100 ($62.20) from …
New Zealand nearly triples levy on international tourists Read More »
By Liz Lee BEIJING (Reuters) – China and South Africa, whose top leaders met in Beijing, agreed to promote balanced trade and discussed boosting two-way investments between their industrial and commercial communities, a joint statement on Tuesday showed. President Xi Jinping and his South African counterpart Cyril Ramaphosa met on Monday, ahead of the ninth …
China, South Africa agree to seek balanced trade, more investments Read More »
By Alun John and Karin Strohecker LONDON (Reuters) -The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief to economies that have suffered under the weight of dollar strength. The dollar’s downtrend, which has long been anticipated, is driven by expectations that …
A dollar on the defensive brings relief to policymakers globally Read More »
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s economy kept growing at a solid pace last quarter compared to the first three months of the year, supported by household expenditure, a Reuters poll predicted. But higher imports of goods and services likely weighed on the country’s growth after surpassing less-dynamic exports at the start of …
Brazil’s economy expected to have grown at solid pace in second quarter Read More »
(Reuters) – Russia’s central bank is expected to raise its benchmark interest rate by 100 basis points to 19% at its Sept. 13 meeting to combat inflation and cool the overheated economy, a Reuters poll of analysts showed on Monday. The consensus forecast of 15 analysts polled by Reuters in late August and early September …
Russian central bank set to hike key rate by another 100 bps: Reuters poll Read More »
(.) ROME (Reuters) -Italy’s economy grew by 0.2% in the second quarter from the previous three months, national statistics bureau ISTAT said on Monday, confirming a preliminary estimate. On a year-on-year basis, second quarter gross domestic product (GDP) was confirmed at 0.9%. In January-March, the economy had grown by 0.3% on a quarterly basis and by 0.6% …
BUCHAREST (Reuters) – Romania has raised its 2024 funding plan by roughly a fifth to 217 billion lei ($48.3 billion), debt managers said on Monday, as it looks to ensure financing a larger budget deficit and pre-finance 2025 needs given a busy election calendar. The country, the European Union’s second poorest member state, had an …
Romania’s debt managers raise 2024 funding goal to $48.3 billion Read More »
By Belén Carreño and Maria Martinez MADRID/BERLIN (Reuters) – Spain received a record 10.9 million tourists in July, 7.3% more than a year ago, while their spending jumped 12%, stoking the Spanish economy’s solid growth in contrast to some European peers responsible for much of the inflow of visitors. Data released on Monday by the …
German, British tourists spur Spain’s GDP gains while own economies flag Read More »
By Ezgi Erkoyun and Can Sezer ISTANBUL (Reuters) -Turkey’s economy grew less than expected in the second quarter, expanding an annual 2.5% in the face of a year-long monetary tightening campaign, data showed on Monday, but the quarterly growth rate surprised analysts by remaining positive. Second-quarter gross domestic product (GDP) grew 0.1% from the previous …
Turkey economic growth slows to 2.5% in face of rate hikes Read More »
