Reuters US Economy

MADRID (Reuters) – Spain’s economy is on track to grow 2.4% this year and 2.2% in 2025, more than initially expected, following strong data during the first half of 2024, Economy Minister Carlos Cuerpo said on Sunday. “Based on the good progress in the first six months of the year (…) we will upgrade our …

Spain’s GDP seen growing by brisker 2.4% this year – economy minister Read More »

Kuwait (Reuters) -Kuwait’s budget is projected to show a deficit of 5.6 billion dinars ($18.33 billion) for the 2024-2025 fiscal year, with expenses estimated at 24.5 billion dinars and revenues at 18.9 billion dinars, the Ministry of Finance announced on Sunday. Government spending must be fixed at 24.5 billion Kuwaiti dinars in the 2027-2028 budget …

Kuwait says government spending must be fixed to control budget growth Read More »

LONDON (Reuters) – Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain’s king unveiling the legislative programme of the new Labour Government. Don’t race off for that summer break just yet. Here’s what to expect in …

Take Five: Cancel Summer? Read More »

By Svea Herbst-Bayliss (Reuters) -Institutional Shareholder Services (ISS) said on Thursday Enhabit shareholders should elect three AREX Capital Management director candidates to the nine-member board, saying the company needs more expertise in home health, hospice and public company financial reporting. The prominent proxy advisory firm, whose recommendations often guide shareholder votes on proposed mergers and …

ISS suggests Enhabit shareholders elect three AREX Capital nominees to board Read More »

By Promit Mukherjee OTTAWA (Reuters) – Canada’s promise this week to increase defense spending to 2% of GDP by 2032 was welcome news to the country’s NATO allies, but meeting that commitment could push Canada deeper into deficit or force major cuts in spending, economists said. Prime Minister Justin Trudeau committed Canada to the timeline …

Canada’s defense spending commitment presents unsavory choices Read More »

By Matt Tracy (Reuters) -The delinquency rate among U.S. office loans rose in June, driven in part by increasing vacancies and elevated interest rates, according to recent reports from ratings agencies. Echoing trends over the last two years, the higher interest rates have contributed to rising late payments and defaults on loans behind offices and …

US office delinquencies ticked higher in June, ratings agencies say Read More »

By Michael S. Derby (Reuters) -Federal Reserve Bank of St. Louis President Alberto Musalem welcomed on Thursday a report showing cooling in consumer level inflation pressures but declined to say when he’d like the U.S. central bank to lower its interest rate target. The June Consumer Price Index “points to encouraging further progress toward lower …

Fed’s Musalem says cooler CPI data is ‘encouraging’ Read More »

WASHINGTON (Reuters) – The U.S. government recorded a $66 billion budget deficit for June that was reduced sharply by a shift of benefit payments into May that ballooned that month’s deficit to $347 billion, the Treasury Department said on Thursday. The Treasury said that the $66 billion June deficit nominally fell 71% from the $228 …

U.S. June budget deficit shrinks to $66 billion after calendar shifts Read More »