Reuters US Economy

By Alexandra Valencia QUITO (Reuters) – Ecuadorian President Guillermo Lasso said on Tuesday the government will from January gradually reduce a tax levied on international transfers, which he said negatively affects efforts to attract foreign investors. Lasso, a conservative ex-banker who took office in May, has taken various measures to appeal to investors as he …

Ecuador will gradually lower tax on international transfers -Lasso Read More »

By Belén Carreño MADRID (Reuters) – Spain’s government proposed on Tuesday to reform its insolvency law to simplify bankruptcy proceedings and meet a major condition agreed with Brussels to obtain European Union recovery funds. The current insolvency system has been criticised by organisations such as the International Monetary Fund for being slow and convoluted, often …

Spain streamlines bankruptcy process to get EU recovery funds Read More »

By Gwladys Fouche OSLO (Reuters) – Norway’s $1.4 trillion wealth fund, the world’s largest, will not divest from companies that are major emitters of greenhouse gases to meet plans to make its investment portfolio carbon-neutral by 2050. It will however be an “active shareholder” in such companies by pushing them to make the transition to …

Norway wealth fund will pressure, not divest from high gas emitters Read More »

By Tetsushi Kajimoto and Kiyoshi Takenaka TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida on Tuesday called on shareholders to recognise the importance of raising wages, making a clear push to address one of the chronic ailments of the world’s no.3 economy: low pay. Kishida also told a news conference that he would compile a policy …

Japan’s Kishida sends message to shareholders: raise wages Read More »

By Noor Zainab Hussain and Carolyn Cohn (Reuters) – Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for weather-related claims well above the predicted $105 billion, industry experts said, and premiums should rise on worries that climate change will drive more severe weather. Tornadoes …

U.S. tornadoes push insurers 2021 bill over $105 billion as climate change impact grows Read More »

JOHANNESBURG (Reuters) – The International Monetary Fund will start discussions next month on an extended credit facility with Mozambique, the fund said on Tuesday, its first potential programme with the country since suspending support in 2016. That year Mozambique unveiled hefty state-backed borrowing it had previously failed to disclose, in a $2-billion corruption scandal that …

IMF, Mozambique to discuss first credit facility since $2-billion graft scandal Read More »

By Wayne Cole SYDNEY (Reuters) – Australia’s central bank is optimistic the spread of the Omicron variant will not derail an ongoing economic recovery, giving it the option to end quantitative easing early should the run of activity data stay upbeat. Minutes of the Reserve Bank of Australia’s (RBA) Dec. 7 policy meeting showed its …

Australia’s central bank upbeat on outlook ahead of QE decision Read More »