Reuters US Economy

By Philip Blenkinsop BRUSSELS (Reuters) – Two years after Russia’s invasion of Ukraine, there are clear signs that the global economy is fragmenting into two separate blocs and that multilateral trade rules that have underpinned commerce for nearly 30 years are under threat. Rising geopolitical tensions, including in the Middle East, and concerns over economic …

Analysis-Global trade rift widening as Ukraine war passes two-year mark Read More »

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting that job growth likely remained solid in February. Labor market resilience, which is underpinning the economy, reduces the urgency for the Federal Reserve to start cutting interest rates. Minutes of the U.S. central bank’s …

US weekly jobless claims fall as labor market remains tight Read More »

By Karin Strohecker, Jorgelina do Rosario and Libby George LONDON (Reuters) -The World Bank warned that high borrowing costs have “changed dramatically” the need for developing nations to boost sluggish economic growth. The multilateral lender’s latest warning comes as international bond sales from emerging market governments hit an all-time record of $47 billion in January, …

World Bank: Emerging economies must grow ‘much faster’ to repay debt Read More »

By Marcela Ayres BRASILIA (Reuters) – Brazil’s government will announce on Monday new measures to help foreigners with foreign exchange hedges on their investments in sustainable development, while avoiding currency and fiscal risks for the Treasury, said two people familiar with the plan. The plan includes a new channel for about $2 billion in forex …

Exclusive-Brazil readies broad FX hedging program with $2 billion in derivatives for green investments Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – The yen’s slide below 150 per dollar has fired up warnings from Japanese officials that the pace of depreciation is “excessive” and “undesirable,” but a repeat of the yen-buying intervention frenzy of 2022 seems unlikely. Tokyo may not intervene at all. Its tolerance for a weaker exchange rate …

Column-Japan’s FX intervention bark will lack bite: McGeever Read More »

By Valentine Hilaire (Reuters) – Colombian-founded Simetrik, a startup offering business-to-business services to streamline complex financial tasks, raised $55 million in a funding round led by Goldman Sachs, which two executives said will be mainly used to boost activity beyond the region. Simetrik’s financial and accounting services are aimed at companies that make more than …

LatAm’s Simetrik raises $55 million in Goldman Sachs-led funding round Read More »