By Bernardo Caram BRASILIA (Reuters) – Brazil’s Finance Ministry is preparing a decree that nearly doubles the tax on the sale of firearms and ammunition, arguing that the measure is necessary to boost revenue and reduce crime, according to a draft document seen by Reuters. Prepared by the revenue service at the request of Finance …
Brazil readies decree to nearly double tax on firearms and ammunition Read More »
By Abigail Summerville (Reuters) – Privately held U.S. fine jewelry and luxury watch marketplaces Worthy and CIRCA Jewels told Reuters on Thursday they will merge to create a company worth more than $100 million. The deal comes as a high inflation rate and slowing economy has sent many consumers with tight budgets into the arms …
Secondhand luxury jewelry marketplaces Worthy and CIRCA to merge Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew faster-than-expected in the third quarter, again defying dire warnings of a recession, buoyed by robust consumer spending amid a resilient labor market. The fastest growth pace in nearly two years reported by the Commerce Department’s Bureau of Economic Analysis on Thursday in its advance estimate …
By Gabriela Baczynska and Jan Strupczewski BRUSSELS (Reuters) -From supporting Ukraine to boosting military might and managing migration, European Union leaders channelled diverging priorities on Thursday as they started debating where to put more money from their shared budget in the next four years. The EU is due to decide in December on a revision …
‘Positions not matching yet’ as EU states fight for slice of budget pie Read More »
By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON (Reuters) -JPMorgan has reached out to Venezuela bondholders about normalizing the weighting of the country’s international notes in its widely followed EMBI indexes, three sources with direct knowledge told Reuters. The talks come after the United States lifted sanctions on Oct. 18 on trading certain bonds …
Exclusive-JPMorgan sounds out investors on Venezuela bond index weightings -sources Read More »
BERLIN (Reuters) -German companies see numerous risks to business at the moment including economic policy, high energy and raw materials prices, a lack of skilled workers and weak domestic demand, the DIHK Chambers of Commerce and Industry said on Thursday. A DIHK poll of more than 24,000 companies conducted between Sept. 11 and Oct. 6 …
German companies see risks from economic policy, energy prices -DIHK Read More »
By Leika Kihara TOKYO (Reuters) – Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen, as investors eye prospects of higher-for-longer U.S. interest rates while the Bank of Japan remains wedded to its super low interest rate policy. The Japanese yen hit a fresh one-year low of 150.50 per dollar, …
Explainer-What would Japanese intervention to boost the weak yen look like? Read More »
By Ezgi Erkoyun ISTANBUL (Reuters) -Turkey’s central bank is expected to deliver another hefty rate hike of 500 basis points this week, a Reuters poll of economists showed on Monday, as it continues to tighten policy against rising inflation. After years of pursuing loose policy, the central bank reversed course after May’s election and began …
Turkish central bank expected to raise rates to 35% on Oct. 26 Read More »
By Lewis Jackson SYDNEY (Reuters) – PwC Australia said on Thursday that dozens of staff who had been set to move across to spin-off consultancy Scyne Advisory will no longer have roles at the new firm and have been told to look for jobs internally. PwC Australia sold its government advisory business, responsible for a …
PwC Australia spin-off Scyne Advisory cuts 78 jobs Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -After 18 months of relentlessly rising borrowing costs, the U.S. economy is accelerating again, begging the question about when or if tightening financial conditions can slow the momentum. After 525 basis points of interest rate hikes, financial conditions are now the tightest in a year, and biting. This is …
Financial conditions tighten again to temper heated US economy: McGeever Read More »
