Reuters US Economy Archives - Page 5 of 587

Brazil economists see rate hike amid stronger growth, ending 11-week stability streak

9 Sep 2024 9 Sep 2024

By Marcela Ayres BRASILIA (Reuters) -Brazilian economists surveyed weekly by the central bank have aligned their expectations with future interest rate pricing, now anticipating a rate hike at this month’s monetary policy meeting following stronger-than-expected economic data. The shift ended an 11-week streak in which more than 100 professionals surveyed had maintained their median forecast …

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Mexican retailer La Comer’s shares jump after preliminary index inclusion

9 Sep 2024 9 Sep 2024

MEXICO CITY (Reuters) – Shares of Mexican retailer La Comer jumped around 5.5% to trade at 35.87 pesos on Monday, after the S&P Dow Jones said the stock would be preliminarily included in its S&P/BMV IPC index as part of a reshuffle. S&P Dow Jones would confirm the inclusion on Friday, and the changes to …

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Brazil’s Pix to overtake credit cards in e-commerce as soon as 2025, study shows

9 Sep 2024 9 Sep 2024

SAO PAULO (Reuters) – Brazil’s instant payment system Pix is seen surpassing credit cards as the leader in the local online purchase market as soon as next year, earlier than initially expected, a new study from Brazilian payments firm Ebanx showed on Monday. Pix was launched by Brazil’s central bank at the end of 2020, …

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Take Five: No let-up

9 Sep 2024 9 Sep 2024

(Reuters) -The volatile activity that has marked September so far may not let up any time soon, as investors are on edge ahead of more key macro events that could shape the tone for trading in the weeks ahead. Here’s your look at the week ahead for markets from Kevin Buckland in Tokyo, Ira Iosebashvili …

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Australian pub landlord Hotel Property jumps after holding out for bigger buyout offer

9 Sep 2024 9 Sep 2024

By Sneha Kumar (Reuters) – Australian pub landlord Hotel Property Investments jumped to a 19-month high on Monday, set for its best session in one-and-a-half years, after its top shareholder’s buyout offer valuing the company at A$716.5 million ($478.4 million). However, Hotel Property Investments, which owns 58 pub and hotel properties, rejected the A$3.65-per-share offer …

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China’s exports likely slowed further in August as trade tensions mount: Reuters poll

9 Sep 2024 9 Sep 2024

By Ethan Wang and Joe Cash BEIJING (Reuters) – China’s exports likely grew at the slowest pace in four months in August, as cooling global demand and mounting trade barriers threaten to dim a bright spot in the world’s second-largest economy. Trade data on Tuesday is expected to show outbound shipments grew 6.5% year-on-year by …

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France asks EU to let it delay submitting budget deficit plan, La Tribune reports

8 Sep 2024 8 Sep 2024

PARIS (Reuters) -France has asked the European Commission to extend beyond Sept. 20 a deadline for submitting a plan to reduce its public deficit to align with Paris’ 2025 draft budget, La Tribune du Dimanche said on Sunday, citing the Finance Ministry. France could see its budget deficit spiral unexpectedly higher this year and next …

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Brazil studies raising taxes without lawmaker approval, sources say

7 Sep 2024 7 Sep 2024

By Bernardo Caram BRASILIA (Reuters) – Brazil’s government is considering tax hikes that do not require congressional approval to balance this year’s budget, two finance ministry sources said on Friday, after officials acknowledged that new revenue measures could be implemented. Taxes in this category could include a levy on financial transactions (IOF), and import and …

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Fed policymakers say they are ready to start cutting interest rates

6 Sep 2024 6 Sep 2024

By Ann Saphir, Lindsay Dunsmuir and Michael S. Derby (Reuters) -Federal Reserve policymakers on Friday signaled they are ready to kick off a series of interest rate cuts at the U.S. central bank’s meeting in two weeks, noting a cooling in the labor market that could accelerate into something more dire in the absence of …

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Mexico inflation seen easing in August after months accelerating: Reuters poll

6 Sep 2024 6 Sep 2024

MEXICO CITY (Reuters) – Mexico’s headline inflation rate likely eased in August after accelerating for the previous five months, a Reuters poll of analysts showed on Friday, boosting expectations that the Bank of Mexico will cut the benchmark interest rate later this month. The median estimate from eight analysts forecast an annual headline inflation rate …

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