Reuters US Economy

By Carlos Vargas BOGOTA (Reuters) – Colombia congressional committees from both the lower house and Senate on Tuesday approved a request from the leftist government of President Gustavo Petro to increase the debt ceiling to $17.6 billion to finance development plans and comply with payment terms. The votes came amid warnings from analysts about the …

Colombia congressional committees approve debt ceiling increase to $17.6 billion Read More »

By Hernan Nessi and Noelle Harff BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate is expected to come in at 4.9% in May, according to a Reuters poll of analysts published on Tuesday, which would be the slowest rise since the end of 2022 amid a major austerity drive by President Javier Milei. The data, …

Argentine monthly inflation set to fall below 5%, lowest since 2022 Read More »

PARIS (Reuters) – The European Central Bank will bring inflation back to its 2% target by next year despite expected “noise” in monthly data this year, ECB policymaker Francois Villeroy de Galhau said on Tuesday. The ECB trimmed its rates by a quarter of percentage point from a record high last week but gave no …

ECB to hit inflation target despite data “noise” – Villeroy Read More »

By Raul Cortes, Ana Isabel Martinez and Kylie Madry MEXICO CITY (Reuters) -Mexican President-elect Claudia Sheinbaum said on Monday she would encourage broad discussions over proposed constitutional reforms, including a judicial overhaul that has spooked markets, before the next congressional session kicks off. The judicial reform would replace an appointed Supreme Court with popularly elected …

Mexico’s Sheinbaum to push forward with judicial reform, peso slumps Read More »

MEXICO CITY (Reuters) – Mexican banks face risks from exposure to sovereign debt and debt from state entities, but have “sufficient ratings headroom” and can expect solid financial performance this year, Fitch Ratings said on Monday. The banking sector has ample capitalization according to the ratings agency’s stress test scenarios, Fitch added. State firms like …

Mexican banks exposed to public sector debt have room to maneuver, Fitch says Read More »

OTTAWA (Reuters) – A planned hike in the capital gains tax for the wealthiest will help keep Canada’s borrowing low and fund social programmes, Finance Minister Chrystia Freeland said on Monday. “We know now is the time to invest in Canada and Canadians,” Freeland told a press conference. “The responsible way to pay for those …

Canada defends capital gains tax hike, says it will keep borrowing low Read More »

By Howard Schneider WASHINGTON (Reuters) – Updated economic projections from Federal Reserve officials this week are expected to show fewer interest rate cuts than policymakers anticipated three months ago, faster expected inflation, and slower growth, a pinpoint economic outlook that will carry the weight of the U.S. central bank’s authority. It may also come with …

Fed’s new economic projections may come with a dose of maybe, maybe not Read More »

By John Revill ZURICH (Reuters) -The Swiss National Bank’s supervisory board is in the final stages of deciding its candidate to replace outgoing Chairman Thomas Jordan, people familiar with the matter have told Reuters. The Bank Council is expected soon to nominate the successor to Jordan, who steps down in September after 12 years leading …

Race to appoint new Swiss central bank chief nears end Read More »