By Promit Mukherjee OTTAWA (Reuters) – Canadian Finance Minister Chrystia Freeland will have to find ways to amp up savings or raise taxes when she delivers the budget on Tuesday, as new heavy spending plans in the run-up further risks weakening government finances, economists say. In the last two weeks, Prime Minister Justin Trudeau’s Liberal …
Canada to unveil budget as experts doubt fiscal targets Read More »
By Andrea Shalal WASHINGTON (Reuters) -The Inter-American Development Bank and World Bank on Friday issued separate reports on callable capital, the emergency capital pledged by governments but not paid in, that could help multilateral development banks expand their lending capacity. The reports followed months of technical studies and reverse stress tests that showed shareholders viewed …
IDB, World Bank reports on emergency capital could pave way for expanded lending Read More »
By Eliana Raszewski BUENOS AIRES (Reuters) – Billionaire Elon Musk and Argentina’s libertarian president promised to work together on Friday to promote free markets as well as potential lithium projects after the two likeminded men met in Texas, home to the tycoon’s Tesla electric car company. The chief spokesman to President Javier Milei said the …
Musk, Argentine president see eye-to-eye on boosting free markets and lithium Read More »
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s government is preparing a new fiscal target for next year, aiming for a primary surplus equal to 0.1% of gross domestic product (GDP), two sources with direct knowledge of the matter told Reuters on Friday. Speaking on condition of anonymity because the discussions are private, …
Brazil readies new 2025 fiscal target of 0.1% primary surplus, sources say Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada plans to ease a housing shortage by leasing public land to developers for construction of affordable houses under a plan unveiled by Prime Minister Justin Trudeau on Friday that aims to build nearly 3.9 million houses by 2031. The government said the land is underutilized. The property could potentially …
Canada to lease government land in plan to add millions of homes Read More »
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. “The Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major …
Georgieva selected for second term as IMF managing director Read More »
LONDON (Reuters) – El Salvador is more likely to get a new IMF deal in the next 18 months rather than the multiple credit rating upgrades it has set as a target in a pioneering new bond, Moody’s has told Reuters. The Central American country led by populist President Nayib Bukele is selling a new …
El Salvador more likely to get new IMF deal than multiple rating upgrades – Moody’s Read More »
By Horacio Soria and Miguel Lo Bianco BUENOS AIRES (Reuters) -Argentina’s government is bullish that its measures to cool one of the world’s highest inflation rates are working. Shoppers, however, aren’t yet fully convinced. The South American nation is battling inflation that is running on an annual basis near 290%, and which clocked in at …
Argentina’s government (and a bot) say inflation is easing. Shoppers aren’t so sure Read More »
WASHINGTON (Reuters) – Chicago Federal Reserve President Austan Goolsbee said on Friday continued high consumer price index readings were concerning, but he remains focused on how the Fed’s targeted personal consumption price expenditures index behaves. “We’ve had multiple inflation readings that were higher than we wanted” for the CPI, Goolsbee said on Fox Business, but …
Fed’s Goolsbee keeps policy focus on PCE after high consumer price readings Read More »
By Michael S. Derby NEW YORK (Reuters) – Kansas City Federal Reserve President Jeff Schmid said on Friday the U.S. central bank should not be weighing interest rate cuts at this time because inflation remains above its 2% target and the job market is strong. “With inflation still running above 2 percent and labor markets …
Inflation still too high for Fed to cut interest rates, Schmid says Read More »
