Reuters US Economy

By Darya Korsunskaya (Reuters) – A sharper rise in capital investment is one of many improvements to Russia’s 2024 economic outlook, new economy ministry forecasts showed, though stubbornly accelerating inflation may blunt the impact of faster rises in household incomes. Russia’s economic growth relies heavily on large-scale government spending on arms production as Moscow funds …

Russia raises main economic forecasts, sees higher year-end inflation Read More »

By Selena Li, Samuel Shen and Julie Zhu HONG KONG (Reuters) -The merger of two state-backed brokerages in China to create a sector leader with $230 billion in assets is part of Beijing’s drive to consolidate the $1.7-trillion industry amid challenging markets, and the move is set to gather pace, analysts said. Shanghai-based Guotai Junan …

China creates $230 billion brokerage powerhouse as sector consolidates Read More »

(Reuters) – German industrial production fell in July by a larger than expected 2.4% compared with the previous month, the federal statistics office said on Friday. Analysts polled by Reuters had predicted a 0.3% fall. Production dropped by a sharp 8.1% in the automotive industry, weighing on the overall result. In June, automotive production rose …

German industrial output falls more than expected in July Read More »

By Mike Dolan LONDON (Reuters) – The stark divide between the performance of the U.S. manufacturing sector and the more dominant services sector is giving stock markets a headache at a critical moment. Investors desperate to parse the economic mood amid resurfaced recession fears are scrutinising monthly business surveys for signs of a downturn. But …

Column-Markets torn by US services-factories divide: Mike Dolan Read More »

SAO PAULO (Reuters) – Brazil posted a trade surplus of $4.828 billion in August, government data showed on Thursday, down nearly 50% from a year earlier and below market estimates of a $6.1 billion surplus in a Reuters poll of economists. Exports totaled $29.1 billion last month, down 6.5% year-on-year, driven by a drop in …

Brazil posts lower-than-expected trade surplus in August Read More »

By David Lawder RALEIGH, North Carolina (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that the U.S. still has a “good healthy labor market” even though the pace of job creation has slowed in recent months. Yellen told reporters in North Carolina that July’s unemployment rate of 4.3%, a three-year high, is still …

Yellen says US labor market healthy despite slower hiring pace Read More »

BRASILIA (Reuters) – Brazil’s central government posted a primary budget deficit that came in higher than expected, official data showed on Thursday, even after a strong expansion in public revenues. The deficit was 9.283 billion reais ($1.66 billion) in July, the Treasury said, while economists polled by Reuters were expecting a 8.8 billion real shortfall. …

Brazil’s central government budget deficit reaches $1.66 billion in July Read More »

BRASILIA (Reuters) -Brazil’s central bank’s director of economic policy said on Thursday that since their latest interest rate-setting meeting, policymakers have observed stronger economic growth in the country and the trends they had been monitoring have proven to be persistent. Speaking at a UBS event, Diogo Guillen noted that the exchange rate “is a bit …

Brazil’s central bank sees stronger growth, higher FX since latest policy meeting Read More »