Reuters US Economy

By Brenna Hughes Neghaiwi and Tom Sims ZURICH (Reuters) -Alison Rose’s resignation from NatWest leaves just one woman in charge of a major western European bank, highlighting an acute gender imbalance that persists across the sector despite pledges to increase female representation. But while Rose’s departure means Europe’s 25 biggest banks by assets are still …

At Europe’s big banks, women make some gains despite Rose exit Read More »

(Reuters) – The Moroccan economy registered growth of 1.3% in 2022, slowing down from the 8% growth registered in 2021, the central bank said late on Saturday. Abdellatif Jouahri, Governor of Bank Al-Maghrib presented the figures to King Mohammed VI during a reception at the Royal Palace of Tetouan, according to a bank press release. …

Moroccan economy grew 1.3% in 2022, against 8% in 2021 – central bank Read More »

(Reuters) – Canadian Labor Minister Seamus O’Regan said on Saturday he could impose a new collective agreement or a final binding agreement on striking dock workers following their rejection of a proposed labor contract. O’Regan said he had directed the Canada Industrial Relations Board to determine whether the rejection of the tentative agreement by the …

Canada’s O’Regan considers binding agreement to end dock workers strike Read More »

SAO PAULO (Reuters) – Brazil’s jobless rate fell in the quarter through June to its lowest level for the period in nine years, statistics agency IBGE said on Friday, underscoring the labor market’s resilience despite its high interest rates. Unemployment in Latin America’s largest economy hit 8.0% in the three months through June, down from …

Brazil’s jobless rate hits lowest since 2014 for a quarter through June Read More »

By Karen Brettell (Reuters) – The U.S. Treasury Department is likely to begin gradually increasing the size of its note and bond auctions when it announces its financing plans for the coming quarter next week, in order to finance higher spending as its tax revenues decline. The Treasury has largely relied on sales of bills …

Auction sizes set to increase at US Treasury refunding Read More »

LA PAZ (Reuters) – Bolivia’s government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the Chinese yuan, officials said, as Latin American support for alternative currencies grows. Economy Minister Marcelo Montenegro said the Andean country was following “a pattern at the level of international trade, that is generating …

Bolivia challenges global dollar dominance with Chinese yuan, Russian rouble Read More »

By Lucia Mutikani WASHINGTON (Reuters) – Annual U.S. inflation rose at its slowest pace in more than two years in June, with underlying price pressures receding, a trend that, if sustained, could push the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s. The improving inflation environment was reinforced by …

US annual inflation posts smallest rise in more than two years Read More »

ATHENS (Reuters) – A further rise in euro zone interest rates in September looked “difficult”, Greek central bank chief Yannis Stournaras said in an interview with a Greek news website released on Friday. “It looks like we are very close to the end of interest rate rises,” Stournaras, considered a dove on the ECB’s 26-member …

ECB’s Stournaras says further interest rate rise in September ‘looks difficult’ Read More »