Reuters US Economy

By Marcela Ayres BRASILIA (Reuters) -Brazil’s finance minister said the government plans to send Congress two separate bills with fiscal measures on Tuesday, reviving provisions that were previously included in an executive order that expired after lawmakers failed to vote on it. Speaking to GloboNews TV, Finance Minister Fernando Haddad said the first bill will …

Brazil government to resubmit part of fiscal measures to Congress after setback Read More »

By Sukriti Gupta and Purvi Agarwal (Reuters) -European shares closed slightly higher on Tuesday, following a 1% jump in the previous session, as investors assessed mixed corporate earnings, while French stocks closed at a record high. The continent-wide STOXX 600 index ended 0.2% higher and most other major regional indexes were also in positive territory. …

European shares gain, French stocks at highs as investors focus on earnings Read More »

By Samuel Indyk LONDON (Reuters) -Euro zone government bond yields dropped on Tuesday, moving in line with U.S. Treasuries and resuming last week’s trend begun by market jitters about U.S. credit and bets on further Federal Reserve easing.  Germany’s 10-year bond yield was down 3 basis points (bp) at 2.55%, closing in on Friday’s four-month …

Euro zone bond yields resume last week’s downward shift Read More »

By Promit Mukherjee OTTAWA (Reuters) -Canada’s annual inflation rate increased to 2.4% in September, mainly led by a smaller decline in gasoline prices on a yearly basis when compared with the previous month and a rise in food prices, data showed on Tuesday. The report is the most crucial piece of data to be released …

Canada’s inflation rate rises in September on smaller drop in gasoline prices Read More »

By Joe Cash BEIJING (Reuters) -China’s exports of rare earth magnets fell in September, reigniting fears that the world’s top supplier could wield its dominance over a component key for U.S. defence firms and makers of items from cars to smartphones as leverage in trade talks. In April and May, Beijing squeezed global automakers with …

Fall in China’s exports of rare earth magnets stokes supply chain fears Read More »

LONDON (Reuters) -Britain’s inflation rate looks set to hit 4% in September in data due for release on Wednesday, the highest among the world’s big rich economies and double the Bank of England’s target. The fast pace of price growth – while a lot lower than a peak of 11.1% in 2022 following Russia’s invasion …

Explainer-Why is inflation so high in the UK? Read More »

By Sarah Morland and Dave Graham (Reuters) -Argentina’s central bank said on Monday it signed a $20 billion exchange-rate stabilization agreement with the U.S. Treasury Department, six days ahead of a key midterm election. The central bank’s statement said the agreement sets forth terms for bilateral currency swap operations between the U.S. and Argentina, but …

Argentina’s central bank says it signed $20 billion currency swap deal with US Read More »

By Marc Jones LONDON (Reuters) -Investors welcomed the Bolivian presidential election win for centrist candidate Rodrigo Paz as markets reopened on Monday, but cautioned he now faces a major challenge fixing the economy, and will likely have to soften his resistance to IMF support. The victory of Paz, a senator from the Christian Democratic Party, …

Investors see IMF support as crucial for Bolivia’s new president Read More »