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ISTANBUL (Reuters) – Turkish Finance Minister Mehmet Simsek said on Monday the economy’s growth composition is expected to be more balanced with less contribution from domestic demand this year. In a statement, Simsek also said leading indicators show rebalancing of economic growth continues in the third quarter, after Turkey announced 2.5% annual growth in the …

Turkish finance minister sees balanced growth composition in 2024 Read More »

MADRID (Reuters) – Spanish manufacturing activity grew for a seventh consecutive month in August though at the slowest pace in all those months, while business confidence was at its lowest so far this year, a survey showed on Monday. The HCOB Purchasing Managers’ Index (PMI) for Spain’s manufacturing sector, compiled by S&P Global, stood at …

Spanish manufacturing grows in Aug at slowest pace since Jan, PMI shows Read More »

(Reuters) – Activity in Russia’s manufacturing sector grew at its slowest pace in over a year in August, a business survey showed on Monday, as expansion in output, new orders and employment all eased. The S&P Global Purchasing Managers’ Index (PMI) for Russian manufacturing fell to 52.1 in August from 53.6 in July, staying above …

Russian factory activity growth slowest in over a year in Aug, PMI shows Read More »

BRASILIA (Reuters) – Brazil’s government forecast economic growth of 2.6% and inflation of 3.3% for 2025 in its draft budget proposal for the coming year, which was submitted to Congress late Friday. The proposal projects that the central government — comprising the Treasury, central bank, and social security— will end next year with a zero …

Brazil’s government forecasts 2.6% GDP growth in 2025, inflation to hit 3.3% Read More »

By Sarupya Ganguly BENGALURU (Reuters) – U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S. Federal Reserve interest rate cuts, according to housing analysts polled by Reuters who said purchasing affordability will improve but would remain strained. Forecasts for U.S. house prices have barely changed since the …

U.S. home prices forecast to rise modestly as Fed cuts rates – Reuters poll Read More »

BRASILIA (Reuters) – Brazil’s government submitted a bill to Congress on Friday that increases some income taxes as part of a revenue-raising effort, including a more pronounced rate hike for banks. The bill proposes changes to the social contribution tax on corporate income (CSLL) and interest on equity payments (JCP). Last week, Finance Minister Fernando …

Brazil targets banks in income tax hike bill Read More »

BRASILIA (Reuters) – Brazil Finance Minister Fernando Haddad said on Friday that the government should close this year within the tolerance band of its fiscal target if Congress approves the compensation for payroll tax waivers. The government’s goal this year is to eliminate the primary deficit, which excludes interest payments, with a tolerance band of …

Brazil’s government to end 2024 within fiscal target tolerance band, finance minister says Read More »