Reuters US Economy

By Leika Kihara TOKYO (Reuters) -A weak yen may be hurting Japanese households more than in the past, as the country’s increasing reliance on more expensive raw material imports pushes up the cost of living, Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday. Kuroda’s remarks are the most direct acknowledgement to date of …

BOJ’s Kuroda warns weak yen hurting households more than before Read More »

By Mike Stone WASHINGTON (Reuters) – Sales of U.S. military equipment to foreign governments fell 21% to $138 billion in the latest fiscal year, the U.S. State Department said on Wednesday, as the Biden administration shifts away from some of the more aggressive arms sales practices under former President Donald Trump. The U.S. State Department …

U.S. weapons exports decreased 21% to $138.2 billion in fiscal 2021 Read More »

(Clarifies to show financial expert heard Guterres express similar view at a separate meeting) BEIRUT (Reuters) – U.N. Secretary-General Antonio Guterres said Lebanon’s financial collapse was caused by “something similar to a Ponzi scheme”, according to a video of comments he made while visiting Beirut this week. Lebanon is in the third year of an …

UN chief says ‘Ponzi scheme’ crashed Lebanon’s finances -video Read More »

By Gergely Szakacs BUDAPEST (Reuters) – Hungary will freeze retail mortgage interest rates for a six-month period from January, the prime minister said on Wednesday, the latest measure to shield households from rising inflation ahead of a national election likely to be tightly contested. Hungary’s central bank, the first in the European Union to start …

Hungary to freeze retail mortgage interest rates from January -PM Read More »

By Tatiana Bautzer and Carolina Mandl SAO PAULO (Reuters) – Pharmaceutical company Blau Farmaceutica SA, which listed its shares on Brazil’s B3 stock exchange in April, has opened its first U.S. plasma bank and may consider moving its headquarters and stock listing to the United States. The company, which is currently based in Brazil’s Sao …

Brazilian companies hear the siren’s call of U.S. stock exchanges Read More »

By Marc Frank HAVANA (Reuters) – Communist-run Cuba will move to control soaring prices and ease shortages as recovery from a pandemic-driven recession takes root, Economy Minister Alejandro Gil told a year-end session of the National Assembly on Tuesday. Cuba’s ailing, inefficient state-run economy shrank 10.9% in 2020 as the pandemic shuttered tourism, coupled with …

Cuba says taming inflation a priority as recovery begins Read More »

By Anthony Esposito (Reuters) – The Bank of Mexico’s recent interest rate hikes underline its “commitment” to bringing prices pressures under control as soon as possible, as inflation hits its highest level in two decades, outgoing governor Alejandro Diaz de Leon said on Tuesday. Banxico, as the bank is known, stepped up efforts to rein …

Banxico governor says rate hikes show ‘commitment” to tackling inflation Read More »