BOGOTA(Reuters) – Colombia’s minimum wage will increase by 12% in 2024, Labor Minister Gloria Ines Ramirez said on Friday, taking the figure to 1.3 million pesos ($340) per month. The increase in the minimum wage represents a hike of 140,000 pesos ($36.63) per month. The wage increase comes as the country battles persistently high inflation …
BOGOTA (Reuters) – Colombia’s President Gustavo Petro on Friday proposed making changes to a tax reform that entered into effect this year that would lower taxes for businesses and hike them for rich individuals. The changes would not look to increase overall tax take, Petro added. The fiscal reform, approved by Congress, looked to increase …
Colombia’s Petro floats possible changes to tax reform Read More »
(Reuters) – XCF Global Capital has agreed to go public via a merger with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition, in a deal that values the sustainable fuels producer at $1.75 billion, the SPAC said on Friday. New York-based XCF Global, which owns multiple facilities in North America, produces renewable diesel and …
Fuel maker XCF Global Capital to go public in $1.75-billion SPAC deal Read More »
(Reuters) – The final month of 2023 featured a rush of data about the health of the U.S. economy and the state of price increases that a number of Federal Reserve officials saw as reassuring signs that their long fight against inflation was on track to end with a “soft landing.” The year began with …
LONDON (Reuters) – There’s not much time to get over the New Year’s partying: the most closely watched U.S. economic release and key euro area inflation data are on the calendar in the week ahead, suggesting a busy start to 2024. With hopes high for big central banks to start cutting interest rates soon, euphoric …
SEOUL (Reuters) -South Korea’s annual consumer inflation eased for a second month in December and came in below market expectations, backing policymakers’ outlook that price pressure will gradually ease through 2024. The December consumer price index (CPI) gained 3.2% from a year earlier, compared with a rise of 3.3% in November, and was weaker than …
South Korea inflation in December eases for second month Read More »
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad unveiled on Thursday tax adjustments to limit benefits across various sectors and ensure fiscal compensation, which are expected to face opposition in Congress. The package aims to completely replace the text of an approved bill that President Luiz Inacio Lula da Silva vetoed, just to have it …
Brazil’s Haddad unveils set of tax tweaks to ensure balanced public accounts Read More »
By Amina Niasse NEW YORK (Reuters) -The number of Americans filing initial claims for unemployment benefits rose last week, indicating the labor market continues to cool in the year’s fourth quarter. New state unemployment benefit claims rose by 12,000 last week to 218,000, according to the Labor Department. A Reuters poll showed economists expected an …
New US jobless claims rise again as labor market cools Read More »
TOKYO (Reuters) -Japan’s factory output declined in November, weighed by falls in autos production and clouding the outlook for the export-reliant economy. Industrial production fell 0.9% in November from the previous month, data from the Ministry of Economy, Trade and Industry (METI) showed on Thursday. The reading was better than the median market forecast for …
By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers called for deeper debate on a future exit from ultra-loose monetary policy as the economy makes progress toward achieving the bank’s price target, a summary of opinions at this month’s meeting showed on Wednesday. While the board agreed to maintain massive stimulus for the time …
Some in BOJ called for more debate on future easy policy exit -meeting summary Read More »
