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Brazil posts wider-than-expected current account deficit in September

BRASILIA (Reuters) -Brazil’s current account deficit reached $9.77 billion in September, wider than the $7.75 billion shortfall forecast by economists in a Reuters poll, central bank figures released on Friday showed. Foreign direct investment (FDI) for the month came in at $10.67 billion, beating the $6.5 billion expected in the poll and marking the highest …

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Top banker says Russia needs millions of skilled migrants to boost growth

MOSCOW (Reuters) -Russia will need to attract millions of skilled migrants to achieve an economic growth rate of at least 3.2% and sustain its economy, the country’s top banker and longtime ally of President Vladimir Putin said on Thursday. German Gref, CEO of Russia’s largest lender Sberbank, told members of the State Council on Demographic …

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French business activity contracts more than expected in October, PMI shows

PARIS (Reuters) -French business activity declined faster than expected in October, a survey showed on Friday, as demand for goods and services in the euro zone’s second-biggest economy weakened further amid a volatile political climate. The HCOB France flash purchasing managers index (PMI) for the country’s dominant services sector, compiled by S&P Global, came in …

French business activity contracts more than expected in October, PMI shows Read More »

Argentina braces for market turbulence as midterm elections loom

By Rodrigo Campos, Karin Strohecker and Marc Jones NEW YORK/LONDON (Reuters) -Investors are bracing for a renewed round of Argentine currency and bond market swings, as this Sunday’s midterm elections mark a defining moment for President Javier Milei’s economic reform efforts. Milei is not on the ballot himself but his La Libertad Avanza party is, …

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Australia to consider modernising interbank settlement system

SYDNEY (Reuters) -Australia’s central bank will consider from next year how to modernise the interbank settlement system that handles about A$300 billion ($194.94 billion) of daily transactions and is central to the payments system, its governor said on Friday. “Our payments system must remain safe, reliable, low-cost and easy to use – but also innovative …

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US business borrowing for equipment rises over 8% in September, ELFA says

(Reuters) -U.S. companies borrowed 8.6% more to finance equipment investments in September compared to a year ago, despite continued political and economic uncertainty, the Equipment Leasing and Finance Association said on Thursday. New loans, leases and lines of credit signed up by companies in September rose to $10.5 billion on a seasonally adjusted basis, marking …

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Canada August retail sales grow but September likely to retreat again

By Promit Mukherjee OTTAWA (Reuters) -Canada’s retail sales rebounded in August as consumers spent more on new cars, at supermarkets and for clothing, data from Canada’s national statistics agency showed on Thursday. Retail sales grew by 1% to C$70.40 billion ($50.20 billion) in August from an upwardly revised drop of 0.7% in July, Statistics Canada …

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Europe’s STOXX 600 closes at record high on energy boost, earnings in focus

By Sukriti Gupta and Johann M Cherian (Reuters) -The STOXX 600 index closed at a record high on Thursday, led by gains in energy stocks after the U.S. imposed new sanctions on Russia, while investors also gauged the health of corporate Europe from a batch of earnings reports. The continent-wide benchmark index ended 0.37% higher …

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