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(Reuters) – European shares slipped on Monday after logging big weekly losses as weak inflation numbers from China stoked concerns about sluggish demand, while investors awaited U.S. inflation data as well as corporate earnings due later this week. The pan-European STOXX 600 index dipped 0.3% by 0720 GMT, with China-exposed miners and automakers leading the …

European shares slip as China data sparks disinflation concerns Read More »

By Joe Cash BEIJING (Reuters) – China on Monday called on the U.S. to take “practical action” in response to its “major concerns” about sanctions on Chinese firms, after U.S. Treasury Secretary Janet Yellen wrapped up more than 10 hours of meetings with senior officials in Beijing. Yellen came to Beijing seeking to ease tensions …

China urges ‘practical’ US action on sanctions after Yellen talks Read More »

ISTANBUL (Reuters) – Turkey is taking measures to re-establish fiscal discipline and control the level of the budget deficit, Finance Minister Mehmet Simsek said on Sunday. The budget deficit for the first five months of the year was 263.6 billion lira ($10.12 billion), compared to 124.6 billion lira a year ago due to increased spending …

Turkey aims to ensure fiscal discipline and lower budget deficit -Finance Minister Read More »

By Jorge Otaola BUENOS AIRES (Reuters) -The Argentine government will send a delegation next week to Washington in a bid to finalize the renegotiation of its $44 billion loan with the International Monetary Fund (IMF), a source involved in the talks told Reuters on Friday. The delegation had initially planned to travel as early as …

Argentina delegation set to travel to US next week for IMF talks -source Read More »

BRASILIA (Reuters) – Brazil’s lower house passed a bill on Friday aimed at raising the bar for companies to win challenges to their tax bills, delivering a win for the government of President Luiz Inácio Lula da Silva as it strives to bolster revenue and achieve fiscal balance. The proposal, which has now advanced to …

Brazil’s lower house approves crucial tax trial rules change Read More »

By Maria Carolina Marcello and Gabriel Araujo BRASILIA (Reuters) -Brazil’s lower house of Congress approved on Friday the main text of a tax reform that will restructure the country’s complex consumption taxes, a move President Luiz Inacio Lula da Silva touted as a “great victory”. Such a reform – previously attempted by various administrations without …

Brazil’s lower house approves ‘historic’ tax reform bill Read More »

ROME (Reuters) – The United Nations food agency’s world price index fell in June to its lowest level in more than two years, pushed down by a drop in the cost of sugar, vegetable oils, cereals and dairy products. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally-traded food commodities, averaged …

World food prices fall again in June – UN food agency Read More »

By Daina Beth Solomon and Cassandra Garrison MEXICO CITY (Reuters) -The U.S. sees some progress made on an energy dispute with Mexico, although “deep-seated” concerns persist, U.S. Trade Representative Katherine Tai said on Thursday shortly before talks in Mexico with top Mexican and Canadian trade officials. The U.S. and Canada demanded dispute settlement talks over …

US trade rep flags major concerns on energy heading into Mexico talks Read More »