Reuters US Economy

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s current level of the benchmark interest rate was nearly balanced, the central bank governor said on Wednesday, adding that monetary policy would not be affected by a delay in the formation of a new government. The Bank of Thailand (BOT) has raised its key rate …

Thai key rate near balanced level, politics won’t impact policy -central bank chief Read More »

(Reuters) -The International Monetary Fund (IMF) reached out to the camps of Argentina presidential candidates Javier Milei and Patricia Bullrich to coordinate meetings, a source close to the fund said on Tuesday. Milei, a far-right libertarian who earlier told local radio about the approach, took the most votes in the primary election over the weekend, …

IMF in touch with Milei, Bullrich camps after Argentina primary -source Read More »

BRASILIA (Reuters) -Brazil will likely need to upwardly revise its inflation estimates, central bank Governor Roberto Campos Neto said on Tuesday, after state-run oil giant Petrobras announced a fuel price hike earlier in the day. According to Campos Neto, who was speaking at an event hosted by lawmakers, the move’s impact on inflation is expected …

Brazil fuel price hike to trigger inflation revision, says central bank chief Read More »

By James Davey LONDON (Reuters) -British grocery inflation eased for a fifth straight month in August while wet weather dented sales growth, industry data showed on Tuesday. Market researcher Kantar said annual grocery inflation was 12.7% in the four weeks to August 6 versus 14.9% in its July data set. It said the outcome was …

UK grocery inflation continues to cool, rain dampens demand – Kantar Read More »

By Carolina Mandl NEW YORK (Reuters) – U.S.-based hedge fund investors including Coatue, D1 Capital and Tiger Global cut their exposure to Chinese companies in the second quarter, as the country’s economic prospects seemed to wobble and geopolitical tension increased. Tiger Global slashed its position in JD.com by roughly 12%, to $719.3 million from $1.1 …

US hedge funds stampede out of China in Q2 Read More »

By David Shepardson (Reuters) – The White House on Monday issued guidance to boost the use of U.S.-made goods including steel, iron and other construction materials, in government-funded infrastructure projects. The “Buy America” binding guidance, first proposed in February, was finalized by the White House Office of Management and Budget (OMB) after receiving nearly 2,000 …

White House finalizes guidance to boost use of U.S.-made goods in infrastructure Read More »

MEXICO CITY (Reuters) – The International Monetary Fund on Monday said it welcomed Argentine authorities’ recent policy actions and commitment to safeguarding stability, rebuild reserves and enhance fiscal order. The IMF added that its board is set to meet on Aug. 23 to approve Argentina’s 5th and 6th reviews to “unlock the agreed disbursements.” The …

IMF welcomes Argentina’s recent policy actions, commitment to safeguarding stability Read More »

By Eliana Raszewski and Jorgelina do Rosario BUENOS AIRES/LONDON (Reuters) -Argentina’s markets face an election hangover on Monday after a shock primary vote win for far-right libertarian Javier Milei – who wants to axe the central bank and dollarize the economy – shook up the race towards presidential elections in October. Rock-singing, wild-haired economist and …

Argentina markets face hangover after far-right vote win Read More »