Reuters US Economy

By Julie Gordon and David Ljunggren OTTAWA (Reuters) – The Bank of Canada is concerned the factors fueling price increases, such as supply disruptions and related cost pressures, could last longer than expected, leading to more persistent inflation, an official said on Thursday. Deputy Governor Toni Gravelle told a business audience there was much to …

Bank of Canada says inflation may stay above target longer than expected Read More »

By Michael Nienaber BERLIN (Reuters) -Germany’s new coalition government will pass a supplementary budget on Monday to enable more public investments in the shift towards a greener and more digitalized economy, sources told Reuters on Thursday. The coalition parties agreed to channel more than 60 billion euros ($67.73 billion) of unused debt in this year’s …

Germany to pass extra budget for more climate funds on Monday – sources Read More »

By Christian Kraemer and Michael Nienaber BERLIN (Reuters) -The coronavirus pandemic is the first big challenge for Germany’s new government and Berlin must create fiscal reserves to be prepared for the next crisis, Chancellor Olaf Scholz from the centre-left Social Democrats said on Thursday. Scholz’s three-way ruling coalition with the pro-spending Greens and fiscally more …

Germany must build fiscal reserves for next crisis – Scholz Read More »

By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) -Japan’s ruling party approved a draft tax plan on Thursday that rewards businesses that raise wages but shied away from ambitious reforms around climate change or capital gains, two key policy issues for Prime Minister Fumio Kishida. The government will “comprehensively consider” capital gains tax reforms and …

Japan’s ruling bloc endorses draft reform focusing on tax breaks for wage hikes Read More »

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s central bank on Wednesday raised interest rates by 150 basis points and signaled another such hike in February, waging one of the world’s most aggressive battles with inflation even as Latin America’s largest economy has tipped into recession. The bank’s rate-setting committee, known as Copom, …

Brazil central bank makes 150 bps interest rate hike, signals another Read More »