Reuters US Economy

By Steven Scheer JERUSALEM (Reuters) -Israeli Finance Minister Bezalel Smotrich on Sunday called for talks next week to draft the 2025 state budget which he said would be “marathon discussions” aimed at moving the economy on from a war that has strained public finances to boosting growth. In a letter to budget chief Yogev Gradus, …

Israel’s finance minister calls for ‘marathon’ 2025 state budget talks next week Read More »

DUBAI (Reuters) – Saudi Arabia’s real gross domestic product (GDP) in the first quarter shrank 1.7% from a year earlier, preliminary government data showed on Sunday, as a decline in oil activities continued to weigh on overall growth. The kingdom’s GDP shrank 3.7% in the fourth quarter of 2023. The decline in the first quarter …

Saudi Arabia’s Q1 GDP shrinks estimated 1.7% y/y Read More »

By Luana Maria Benedito SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said on Friday that resistance from some sectors to tighter rules for the use of tax credits will dissipate and Congress will make the best decision on whether the new rules are permanent. This week, the ministry unveiled tighter rules for the …

Resistance to new Brazil tax credit rules will dissipate, minister says Read More »

By Rodrigo Campos and Noe Torres NEW YORK/MEXICO CITY (Reuters) -The Mexican governing party’s unexpectedly lopsided victory this week has investors concerned that it may use its mandate to sweep aside some of the checks on presidential power which have long been a source of comfort to the business community. The possibility that current president …

Analysis-Mexico investors worry lopsided vote could threaten rule of law Read More »

By David Randall NEW YORK (Reuters) – Investors will closely watch next week’s inflation numbers and Federal Reserve meeting for clues on whether the soft landing hopes that drove stocks to record highs are still justified. This year’s rally has lifted the S&P 500 up more than 12% year-to-date, on expectations the Fed can cool …

Inflation, Fed meeting to give clues for US market direction Read More »

By Samia Nakhoul, Guy Faulconbridge and Vladimir Soldatkin ST PETERSBURG, Russia (Reuters) -President Vladimir Putin said on Friday Russia had no need to use nuclear weapons to secure victory in Ukraine, the Kremlin’s strongest signal to date that Europe’s deadliest conflict since World War Two will not escalate into a nuclear war. Since Putin ordered …

Putin says Russia does not need to use nuclear weapons for victory in Ukraine Read More »

LONDON (Reuters) – The United Nations world food price index rose for a third consecutive month in May, as higher cereals and dairy product prices outweighed decreases in prices for sugar and vegetable oils. The UN Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 120.4 points in …

World food prices up in May for third consecutive month, UN agency says Read More »

By Gabrielle Tétrault-Farber GENEVA (Reuters) – Unemployment in the Gaza Strip has reached nearly 80% since the war with Israel erupted last October, the United Nations labour agency said on Friday, bringing the average unemployment rate across Palestinian territories to more than 50%. Unemployment in the Gaza Strip has reached 79.1%, while the West Bank …

Unemployment nears 80% in Gaza, UN agency says Read More »