By David Lawder WASHINGTON (Reuters) -The U.S. federal budget deficit fell sharply in January to $22 billion as receipts hit a record for that month, partly because tax refunds fell after the Internal Revenue Service (IRS) cleared a backlog of pandemic-delayed tax returns, the Treasury Department said on Monday. The deficit last month was $17 …
US January deficit drops sharply as receipts grow, tax refunds fall Read More »
BOGOTA (Reuters) – Colombia has reached loan agreements worth more than $1.2 billion with multilateral lenders, the finance ministry said, adding resources will go toward budget items this year and costs associated with peace plans. The ministry has signed two loan agreements worth 300 million euros ($323 million) each with German state development bank KfW, …
Colombia secures $1.2 billion in loans to finance budget, peace plans Read More »
LONDON (Reuters) -As China’s troubled markets take time out for the Lunar New Year holiday, U.S. inflation numbers, key UK data, Russia’s central bank meeting and an election in the world’s third-largest democracy vie for the spotlight. Here’s your week ahead primer in world markets from Rae Wee in Singapore, Ira Iosebashvili in New York, …
By Jamie McGeever ORLANDO, Florida (Reuters) -An engine of world growth for 20 years, the largest consumer of commodities and world’s number two economy has somehow slipped into “alternative investment” buckets for many global investors. China’s property bust and increasingly interventionist government, along with deepening geopolitical fissures with the United States, have dramatically dimmed its …
Is China now an ‘alternative’ investment? McGeever Read More »
By Lucy Craymer and Renju Jose WELLINGTON (Reuters) – New Zealand’s top central banker on Monday said the inflation challenge was still not over and cited broad financial pressure for retaining a “restrictive monetary policy” position. Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr, appearing before a parliamentary committee, said the current inflation rate …
New Zealand central bank blames inflation for restrictive policy Read More »
(Reuters) – Shares of New Zealand’s SkyCity Entertainment slumped the most in nearly two months after the casino operator said its Skycity Casino Management Ltd (SCML) unit will face a proposed lawsuit for alleged breaches anti-money laundering laws. SkyCity’s shares fell up to 2.4% to NZ$2.03 at 2209 GMT after the announcement, set for their …
SkyCity’s shares slip on anti-money laundering case against casino unit Read More »
JERUSALEM (Reuters) – Israeli Finance Minister Bezalel Smotrich on Saturday brushed off a Moody’s downgrading of Israel’s credit rating, saying the decision linked to the Gaza war was not based on sound economic reasoning and was tantamount to a pessimistic “manifesto”. “The Israeli economy is strong by all measures. It is capable of sustaining all …
Israel Finance Minister says Moody’s downgrade unreasonable, politicised Read More »
BRASILIA (Reuters) – The Brazilian Supreme Court said on Friday that Novonor must continue to pay part of the installments on fines charged to the conglomerate in a leniency deal for corruption offenses, even after some payments were suspended last week. The decision clarifies last week’s ruling: since Novonor made two leniency agreements in Brazil, …
Brazil top court orders Novonor to keep paying some installments on corruption fines Read More »
(Reuters) – Applied Digital said on Friday revenue from its Ellendale data center hosting facility would take a hit in the current quarter by an ongoing power outage, sending its shares down more than 10% in extended trading. The facility began experiencing a power outage on Jan. 18, 2024, resulting in a complete outage by …
Applied Digital’s Ellendale data center unit faces power outage, shares slump Read More »
(Reuters) – Shares of Metagenomi Technologies, a genetic medicines company backed by Bayer Healthcare and Moderna, slumped 32% in their Nasdaq debut on Friday. The stock opened for trading at $10.25 compared with the IPO price of $15 per share. The lukewarm debut, which gives Metagenomi a valuation of $384 million, underscores the unpredictability young …
Moderna, Bayer-backed Metagenomi stock drops 32% on Nasdaq debut Read More »
