BRASILIA, Dec 11 (Reuters) – Brazil’s fiscal and monetary policies must converge as high interest rates have pushed up public debt, Finance Ministry Executive Secretary Dario Durigan said on Thursday. His remarks at an event hosted by the lower house came after the central bank held interest rates at a near two-decade high of 15% …
Brazil government says fiscal and monetary policies must converge Read More »
OTTAWA, Dec 11 (Reuters) – Canada posted a C$153 million ($111 million) trade surplus in September, as exports grew and imports fell, Statistics Canada said on Thursday. This was the first trade surplus in eight months. Due to the implementation of new software at the Canadian Border Services Agency, StatsCan said that this month’s data …
Canada posts C$153 million trade surplus in September Read More »
ISTANBUL, Dec 11 (Reuters) – Turkey’s central bank lowered its policy interest rate by 150 basis points to 38% on Thursday, cutting at the higher end of expectations, as data over the last two months suggested that disinflation is back on track after summer price pressure. The bank’s policy-making committee said inflation expectations and pricing …
Turkey cenbank cuts rates 150 pts to 38% on ‘improving’ signals Read More »
By Leika Kihara and Takahiko Wada TOKYO, Dec 11 (Reuters) – The Bank of Japan sees limited need for emergency intervention to restrain rising bond yields, a move that runs counter to its effort to roll back stimulus, three sources familiar with its thinking said. Growing market anticipation of an interest rate hike in December …
Bank of Japan reluctant to intervene on rising yields, sources say Read More »
SYDNEY, Dec 11 (Reuters) – Australian employment fell in November by the most in nine months, while annual jobs growth slowed sharply from earlier this year, a sign the labour market is cooling and could ease pressure for a near-term rate hike. Figures from the Australian Bureau of Statistics on Thursday showed net employment fell …
Australia November jobs fall most in nine months, unemployment rate steady Read More »
By Sinéad Carew and Johann M Cherian Dec 10 (Reuters) – Wall Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point as expected and investors bet on further easing down the road even as the central bank signaled that it will put further cuts on pause for …
Wall Street indexes rally after Fed cuts interest rates Read More »
By Marcela Ayres BRASILIA, Dec 10 (Reuters) – Brazil’s central bank held interest rates at a nearly two-decade high on Wednesday for the fourth straight meeting and stuck to its hawkish tone, frustrating investors hoping for hints on when it might start cutting rates as economic activity loses steam. The bank’s rate-setting committee, known as …
Brazil central bank holds interest rates, gives no hint of cuts Read More »
By Davide Barbuscia NEW YORK, Dec 10 (Reuters) – The Federal Reserve’s move to expand its balance sheet again by buying Treasury bills is expected to ease money-market strains, calming investor worries that years of bond-portfolio runoff had drained too much liquidity from the financial system. The Fed said on Wednesday it would start buying …
Investors expect relief in money markets as Fed resumes T-bill purchases Read More »
By Natalia Siniawski and Sarah Morland MEXICO CITY, Dec 10 (Reuters) – Mexico’s economy is solid and resilient, central bank chief Victoria Rodriguez said in a financial stability report on Wednesday, even as domestic financial risks increased. The banking system of Latin America’s second-largest economy continues to have levels of liquidity and capitalization above regulatory …
Mexico’s economy solid and resilient as domestic risks rise, central bank says Read More »
WASHINGTON, Dec 10 (Reuters) – The U.S. government posted a lower $173 billion deficit in November as tariffs on imports helped to boost revenues, the Treasury Department said on Wednesday. The deficit last month was down $193 billion, or 53%, from the $367 billion deficit reported in November 2024. Economists polled by Reuters had forecast …
US posts $173 billion budget deficit in November Read More »
