Reuters US Economy

By Promit Mukherjee OTTAWA (Reuters) -Canadian Prime Minister Mark Carney on Wednesday said his government’s first budget will reduce economic and security reliance on the United States and cut wasteful spending. Carney, who was elected in April, stressed that his government’s maiden budget will be about both austerity and big investments as he seeks to …

Canada plans to shrink US reliance, cut spending in upcoming budget Read More »

(Corrects to say Wednesday, not Monday) WASHINGTON (Reuters) -U.S. Trade Representative Jamieson Greer on Wednesday said he did not see tons of foreign beef coming into the United States, days after President Donald Trump suggested that he might import more from Argentina amid rising prices and angered U.S. farmers. “I do not see a world …

US trade chief says he does not see imported beef flooding US market Read More »

By Sukriti Gupta and Purvi Agarwal (Reuters) -European shares nudged lower on Wednesday, after two sessions of gains, as a flurry of lacklustre earnings from major firms including French cosmetics giant L’Oreal and Birkin bag maker Hermes weighed on investor sentiment. The continent-wide STOXX 600 index closed 0.2% lower. Major regional indexes were mixed with …

Lacklustre earnings nudge European shares lower; L’Oreal, Hermes decline Read More »

By Prakhar Srivastava (Reuters) -Derivatives exchange CME Group beat Wall Street estimates for third-quarter profit on Wednesday, as lower expenses helped counter a decline in trading volumes across most asset classes. The company, which facilitates futures and options trading, experienced a slowdown as easing market volatility and stable energy prices curbed investor hedging activity. Lower …

CME beats profit estimates, eyes retail push Read More »

By Karin Strohecker and Olivia Le Poidevin LONDON/GENEVA (Reuters) -A new U.N.-supported forum designed to help tackle the most pressing debt issues across emerging economies was launched on Wednesday as policymakers warned that ever-rising burdens divert vital funds away from much-needed investments.  The Seville Forum on Debt, led by Spain and presented during the 16th …

New UN forum aims to tackle developing economies’ debt issues Read More »

By Nika Khutsieva and Darya Korsunskaya MOSCOW (Reuters) -Russia’s new wave of tax hikes, designed to mobilise state finances as the war in Ukraine grinds on, is set to hit one in 10 small business owners, many of whom say they will have no choice but to shut down or move into the shadow economy. …

Russia’s small businesses cry foul over war economy tax hikes Read More »

JOHANNESBURG (Reuters) -South Africa’s headline inflation rate edged up in September, but the increase was smaller than expected and economists said they thought the central bank could restart interest rate cuts soon. Headline consumer inflation quickened to 3.4% in annual terms from 3.3% in August, below the median forecast of 3.5% in a Reuters poll. …

South Africa inflation edges up but economists see more rate cuts soon Read More »