Reuters US Economy

By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel will have a hard time continuing to lower short-term interest rates as long as inflation pressures persist and Israel’s war against Hamas remains uncertain and drives up government spending, governor Amir Yaron said on Monday. The central bank earlier on Monday kept its benchmark rate …

Further rate cuts will be tough while inflation persists, says Bank of Israel’s Yaron Read More »

(Reuters) – Top Australian miners Rio Tinto and BHP Group will work together for testing large battery-operated electric haul truck technology in the Pilbara region of Western Australia, Rio Tinto said on Monday. Rio and BHP, which are targeting to achieve net zero operational greenhouse gas emissions by 2050, will work with manufacturers Caterpillar and …

Rio Tinto, BHP to collaborate on electric haul truck trials in Pilbara Read More »

(Reuters) – Argentine President Javier Milei said on Saturday he would apply a “significant” tax reduction if Congress approves a bill to reduce state intervention in the economy. In the midst of a prolonged economic crisis with high inflation, the president wants Congress to approve a package of economic reforms to boost investments. “The national …

Argentina’s Milei pledges ‘significant’ tax cuts if congress approves reforms Read More »

ISTANBUL (Reuters) -Turkish fiscal policy will not add to inflationary pressure as the country begins to experience some disinflationary relief in the second half of the year, President Tayyip Erdogan said on Saturday. Addressing the Foreign Economic Relations Board, Erdogan said annual inflation should peak in May before cooling, echoing the forecasts of the central …

Turkey’s Erdogan says fiscal policy will not stoke inflation Read More »

By Carolina Mandl NEW YORK (Reuters) – U.S. markets are set for an upheaval on Tuesday, May 28, when the settlement time for U.S. equities, corporate municipal bonds and other securities will be halved to one day, or T+1, following the adoption of a new Securities and Exchange Commission (SEC) rule in February 2023. Here …

What to expect as US moves towards faster stock settlement Read More »

By Lucia Mutikani WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased, suggesting a moderate improvement in business spending on equipment early in the second quarter. Nonetheless, business investment on equipment continues to be hamstrung by higher borrowing costs. That, together …

US core capital goods orders rise, inflation expectations improve Read More »

By Maria Martinez BERLIN (Reuters) – The German economy grew by 0.2% in the first three months of 2024, the statistics office reported on Friday, confirming preliminary data. “After GDP declined at the end of 2023, the German economy started 2024 with positive growth,” said Ruth Brand, president of the statistics office. Despite declining inflation, …

German economy grew 0.2% in Q1, stats office confirms Read More »

By Mike Dolan LONDON (Reuters) – In a year of elections worldwide, June turns up the heat several notches and will test global markets’ seemingly nonchalance toward the process to date. With European Parliament elections as an early appetizer on June 6-9, Britain heads to the hustings next month too ahead of July 4’s freshly …

Column-June to test markets’ election nonchalance Read More »