Reuters US Economy

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years amid renewed labor market optimism, while business spending appeared to hold up in May, indicating the economy remained on solid footing despite fears of a recession. Hopes that the economy could avoid a downturn in …

US consumer confidence races to 17-month high; housing market regaining strength Read More »

SHANGHAI/BEIJING (Reuters) – China set a stronger-than-expected trading band for its currency on Tuesday and state banks sold dollars against the yuan, market sources said, in the strongest sign yet the authorities are growing increasingly uncomfortable with its quickening slide. The yuan has fallen about 4% on the dollar in two months as flagging consumer …

China starts to slow yuan’s one-way slide Read More »

By Walter Bianchi BUENOS AIRES (Reuters) -Argentina’s election line-up twist, which saw the ruling Peronist coalition torpedo a leftist candidate in favor of a centrist economy minister, boosted local markets on Monday, though analysts said it added a new spice to talks with the IMF. The Peronist bloc, Union por la Patria, said on Friday …

Argentina’s election line-up twist boosts markets, adds spice to IMF talks Read More »

ISTANBUL (Reuters) – The Turkish lira slid 1.8% to a fresh record low against the U.S. dollar on Monday after the central bank took steps to simplify rules governing lenders’ holdings and foreign deposits, following its sharp interest rate hike last week. The lira fell to 25.76 against the dollar, surpassing last week’s all-time low …

Turkey lira at new low after rollback of bank rules Read More »

MEXICO CITY (Reuters) – The World Bank said it had approved on Friday a $700 million operation for Mexico to promote public policies to create economic opportunities and expand social security for women. The operation is set to help close gender gaps, provide access to better jobs, improve safety on public transport and systems to …

World Bank approves $700 million for Mexico to boost women’s economic opportunities Read More »

(Reuters) – U.S. companies borrowed 1% more in May compared to a year earlier to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Friday. The companies signed up for new loans, leases and lines of credit worth $9.5 billion last month, up from $9.4 billion a year ago. “We have …

US business borrowing for equipment up 1% in May, ELFA survey shows Read More »

By Libby George LONDON (Reuters) -Foreign investors hoping for a game-changing rate hike from Turkey’s newly appointed central bank chief said Thursday’s disappointing move to a key rate of just 15% could keep some money on the sidelines. The appointment of U.S.-trained banker Hafize Gaye Erkan to lead the bank boosted expectations that it would …

Analysis-Investors lament lost opportunity after unconvincing Turkish rate hike Read More »

BERLIN (Reuters) – German business activity slowed notably this month as growth in the services sector decelerated and a slump in manufacturing deepened, a preliminary survey showed on Friday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 50.8 in June from 53.9 in May, below analysts’ expectations for …

German services sector growth eases in June, manufacturing slumps -flash PMI Read More »

(Reuters) – It’s been a turbulent week or two for markets, with one central bank after another making it very clear the only way for rates right now is up as inflation tightens its grip on the global economy. Investors will get a look at the state of China’s manufacturing juggernaut, as well as the …

Take Five: The only way is up Read More »

By Brendan O’Boyle and Isabel Woodford MEXICO CITY (Reuters) -The Bank of Mexico maintained its benchmark interest at 11.25% on Thursday for the second time, signaling it will hold the rate “for an extended period” as inflation in Latin America’s second largest economy slows but remains above the bank’s target.    The unanimous decision by …

Banxico keeps interest rate at 11.25%, will hold for ‘extended period’ Read More »