TORONTO (Reuters) – Canadian economic activity contracted in December for the first time in 11 months, Ivey Purchasing Managers Index (PMI) data showed on Friday. The seasonally adjusted index fell to 45.0 from 61.2 in November. It was the first time the PMI was below the 50 threshold indicating a decrease in activity since January …
Canada’s Ivey PMI shows first contraction in 11 months Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal last year more than doubled its pre-pandemic record for investment in export-focused projects, showing it remains an attractive destination for foreign companies, the head of the state agency that promotes investment and exports said. AICEP, which offers tax breaks and other incentives for exports and investment, attracted 2.68 …
Back in the game: Portugal doubles pre-pandemic peak for export-focused investment Read More »
PARIS (Reuters) -France posted a record trade deficit in November as spiralling energy prices drove up the import bill, official data showed on Friday. The deficit surged to 9.727 billion euros ($10.99 billion)from 7.697 billion a month earlier with the value of imports reaching an all-time high of 52.5 billion euros versus 51.3 billion in …
French trade deficit hits record high in November Read More »
LONDON (Reuters) – Investors have stormed out of U.S. Treasuries and pumped money into cash and bank loans since the start of the year as global markets have braced for higher interest rates, BofA’s weekly flow show stats showed on Friday. “Rates shock in 2022 to follow inflation shock of 2021 and financial conditions will …
Investors shun U.S. Treasuries, stockpile cash – BOFA Read More »
LONDON (Reuters) – Kazakhstan’s bonds recovered as much as 1.2 cents and London-listed shares of the country’s top uranium producer Kazatomprom bounced 4% on Friday, as authorities cracked down on unrest in the tightly-controlled former-Soviet state. One of the government’s main dollar-denominated bonds, which is due for repayment in 2045, recouped as much as 1.2 …
Kazakhstan’s bonds, stocks bounce after crackdown on unrest Read More »
By Nate Raymond BOSTON (Reuters) -The founder of a designer eyewear company whose family has held investments and leadership roles in retailers like DSW Inc has agreed to plead guilty to engaging in insider trading with two other men, court papers showed. Federal prosecutors in Boston in court papers on Thursday disclosed that David Schottenstein …
Founder of designer sunglasses company to plead guilty to insider trading Read More »
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s sovereign bonds fell on Thursday after its economy minister said it would be difficult to reach agreement with the International Monetary Fund on refinancing the nation’s $45 billion debt due to differences over its deficit. The South American government and the multilateral organization are struggling to reach …
Argentina bonds fall on split between government and IMF Read More »
BRASILIA (Reuters) – Brazilian savings accounts suffered their biggest outflow in five years in 2021, official figures showed on Thursday, as financial conditions deteriorated for families and companies amid double-digit inflation and aggressive interest rate hikes. Brazilians boosted their bank savings by a net 7.7 billion reais in December, the lowest figure for the month …
Brazilian savings see biggest reduction in 5 years amid rising inflation Read More »
By Michael Martina and David Brunnstrom WASHINGTON (Reuters) – The United States needs to “step up its game” on economic engagement in Asia, White House Indo-Pacific coordinator Kurt Campbell said on Thursday, calling such outreach the defining element of U.S. policy in the region for the year ahead. Campbell, at a Carnegie Endowment for International …
U.S. aims to step up economic ties in Indo-Pacific in year ahead Read More »
LIMA (Reuters) – Peru reported on Thursday that its tax revenue as a share of gross domestic product reached 16.1% in 2021, the highest level in seven years, driven by a strong economic recovery and higher proceeds from exports – mainly copper. Peru’s tax authority SUNAT said in a statement that the country’s tax revenue …
Peru tax revenue as share of GDP reaches 7-year high in 2021 Read More »
